Facility Management Market PDF 2019-2024: Global Size, Share, Trends, Analysis & Research Report

1. Global Facility Management Market Research Report and Forecast 2024 Report Edition: 2019 Copyright © IMARC Service Pvt Ltd. All Rights Reserved © 2019 IMARC All Rights Reserved

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3. Report Description and Highlights Report Description Global Facility Management Market Overview: According to the latest report by IMARC Group, titled “Facility Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the global facility management market size reached a value of US$ 39.8 Billion in 2018. Facility management (FM) is a type of organizational operation that requires the coordination of the workplace, people and process within the built environment. It aims to improve the productivity and quality of life of the people who exist in the core business. There are different types of facilities that are covered under FM, such as auto shops, hospitals, retail establishments, office buildings, grocery stores, hospitals, sports complexes, hotels and other government or revenue-generating institutions. A facility manager works toward integrating business architecture, administration, and engineering and behavioral sciences. Some of the responsibilities that are typically associated with FM include property or building management, space planning and accounting, records management, janitorial services, security, and telecommunications and information systems. Request for a free sample report: https://www.imarcgroup.com/facility-management- market/requestsample

4. Report Description and Highlights Report Description 186.5 181.2 120.2125.5130.8136.1141.4146.7152.0157.3 175.9 170.6 160 180 165.3 160.0 160 140 140 120 In Billion US$ in Billion US$ 120 100 100 80 80 60 60 40 40 20 20 0 0 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Global Facility Management Market Trends Over the past few years, companies across the globe have started outsourcing FM services. The initiative aims to support indigenous businesses and offer career opportunities for the peoples of Aboriginal and Torres Strait Islander. Owing to the aforementioned factors, the market is projected to reach a value of US$ 74.4 Billion by 2024, registering a CAGR of around 11% during 2019-2024.

5. Report Description and Highlights Report Description The popularity of this model has attracted several new entrants in the market that provide advanced solutions to businesses. Besides this, the advent of artificial intelligence (AI)- and internet of things (IoT)-driven technologies has enabled industry players to shift from tactical, traditional facilities management to a predictive, smarter management experience. One of these advanced solutions includes the blockchain technology, which has enabled companies to offer greater transparency as well as effectively track maintenance and service visits from contractors. Other than this, regulatory bodies from around the world have been undertaking initiatives to promote FM in start-ups. For instance, in 2018, the Australia-based organization for facilities management, Facility Management Association, introduced the Indigenous Engagement Strategy. Key Market Segmentation: Market Segmentation by End-Use • • • • • Integrated Workplace Management System Facility Operations and Security Management Building Information Modeling Facility Property Management Facility Environment Management

6. Report Description and Highlights Report Description On the basis of the solution, the market has been segmented into integrated workplace management system, facility operations and security management, building information modeling, facility property management, and facility environment management. Amongst these, facility property management and building information modelling are the most popular solutions. Market Segmentation by Service • • • • • Deployment and Integration Auditing and Quality Assessment Support and Maintenance Consulting Service Level Agreement Management Based on the service, the market has been segregated into deployment and integration, auditing and quality assessment, support and maintenance, consulting, and service level agreement management. For more information, click here: https://www.imarcgroup.com/facility-management-market

7. Report Description and Highlights Report Description Market Segmentation by Deployment Type • • On-Premises Cloud The market has been bifurcated on the basis of the deployment type, which consists of on-premises and cloud. Currently, cloud deployment is the largest segment. Market Segmentation by Organization Size • • Small and Medium Size Enterprises Large Enterprises The report has analyzed the market according to the organization size, which includes small- and medium-size, and large enterprises. At present, FM services are mostly deployed in large enterprises. Market Segmentation by Vertical • Banking, Financial Services, and Insurance

8. Report Description and Highlights Report Description • • • • • • • IT and Telecom Government and Public Administration Healthcare Education Retail Energy and Utilities Others Based on the vertical, the market has been divided into banking, financial services, and insurance, IT and telecom, government and public administration, healthcare, education, retail, energy and utilities, and others. Market Segmentation by Region • • • • North America Europe Asia Pacific Middle East and Africa

9. Report Description and Highlights Report Description • Latin America On the regional basis, North America is the leading market for facility management, accounting for the largest market share. Other regions include Europe, Asia Pacific, Middle East and Africa, and Latin America. Browse Related Report Takaful Market Report: https://www.imarcgroup.com/takaful-market Testing and Commissioning Market Report: https://www.imarcgroup.com/testing-commissioning- market Competitive Landscape: The competitive landscape of the market has also been examined with some of the key players. • IBM

10. Report Description and Highlights Report Description • • • • • • • • • • • • • • Oracle Trimble CA Technologies SAP Archibus Accruent Maintenance Connection MCS Solutions Planon Ioffice Jadetrack Metricstream Emaint Facilities Management Express

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13. Report Description and Highlights Report Description © 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

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