The global facility management market size was estimated at US$ 1.26 trillion in 2021 and is expected to surpass around US$ 1.9 trillion by 2030 with a registered CAGR of 4.7% from 2022 to 2030.
Growth Factors:
The facility management encompasses a variety of services and disciplines aimed at ensuring the functionality, comfort, and efficiency of the built environment including buildings, real estate, and infrastructure. The communications management, operations and maintenance, business continuity, and emergency management as well as environmental responsibility and sustainability are all aspects of facility management. The project management, hospitality and human aspects, real estate and property management, and ergonomics are just a few of the topics covered in this course. Outsourcing facility management services allows businesses to better manage their corporate social responsibilities, comply to health and safety regulations and maintain the overall quality of their core operations.
The expansion of the facility management market is being fueled by the rising focus of governments in a number of nations on infrastructure development particularly in the construction of ports, railways, airports, and other infrastructural projects. The facility management market is also predicted to increase due to numerous collaborations with several commercial contractors and various government initiatives involving multinational players. As a result, the facility management market is developing in accordance with the expansion of infrastructure.
Governments in both established and emerging countries are investing in the tourist industry as well as a variety of other industries. These tourism related expenditures are assisting in the construction of new infrastructure, which will help the facility management market to flourish. In addition, cloud-based solutions have provided dependable hosting facility management software that minimizes operating costs, improves security, and facilitates collaboration among diverse teams and subsidiaries located throughout the globe. The data can be accessed at any time and from any location. For the sustainability of the facility management market, all of these advantages have resulted in a growth in the use of cloud-based solutions.
Report Scope of the Facility Management Market
|
Report Coverage |
Details |
|
Market Size by 2030 |
USD 1.9 Trillion |
|
Growth Rate from 2022 to 2030 |
CAGR of 4.7% |
|
Largest Market |
Asia Pacific |
|
Fastest Growing Region |
North America |
|
Base Year |
2021 |
|
Forecast Period |
2022 to 2030 |
|
Segments Covered |
Type, Deployment Mode, Industry, Component, Organization Size, Geography |
|
Companies Mentioned |
Sodexo, Compass Group, Jones Lang LaSalle Incorporated, Johnson Controls International PLC, Dussmann Group, CBRE Group Inc., Aramark, ISS A/S, Tenon Group, Cushman & Wakefield PLC |
Over the previous two decades, the global penetration of outsourced facility management services has expanded dramatically. Customers nowadays expect their facility management service provider to have a thorough understanding of the company’s goal and the ability to respond to the customer’s individual requirements, which is predicted to drive the global facility management market in the long run. With the growth of the facility management outsourcing market, facility management providers are expanding.
The facility management companies are concentrating their efforts on developing new and inventive methods to make facility assets and services not only relevant but also essential to improving customer experience, business administration, occupational physiology, and supporting their core business. The property management services are tailored to meet the financial goals of property owners in the short and long term. For their customers, service and solution providers create a strategic property operations plan based on a zero-based operating budget and capital plan. The experienced property managers and accounting professionals collaborate closely with engineering sciences staff to monitor and control all running costs in order to get the best potential return on investment.
Market Dynamics
Driver:
Cloud-based solutions offer a reliable means of hosting facility management software. They also help reduce the operating costs of organizations, as they enhance security and collaboration among teams and subsidiaries present in multiple locations. Other advantages of cloud-based facility management solutions include secure hosting of critical data, improved security and scalability, and quick disaster recovery. The backups are stored on a shared or private cloud host platform, which allows organizations to recover critical server data easily. The data can be easily accessed anywhere with a stable internet connection via secure logins. Cloud-based facility management solutions also enhance customer satisfaction and decrease repair and maintenance costs. These benefits have resulted in an increase in the use of cloud-based solutions for integrating facility management services, which is projected to drive market growth.
Restraint:
The benefits of facility management are not entirely recognized by enterprises. The problem originates from a lack of understanding and adopting prerequisite technologies. Many businesses are still adopting cloud computing systems and have not adopted an IoT ecosystem yet. In addition, their transition from conventional office layouts to a modern setup is still in its infancy. Despite facility management being an important part of operations, enterprises are unaware of the evolving solutions. This has made it a complex task for organizations to give equal importance to their facility management department without hindering the core business processes.
Another problem that arises, particularly in multiple building facilities, is the lack of standardization. When failures occur, prompt actions are required to maintain access and ensure security. For instance, facilities that do not have standardized hardware selection could witness increased downtimes, and due to low stock, companies either purchase components from local suppliers or are ordered, both of which cause delays and increased costs. Standardization can reduce costs, response time, and the need for the maintenance of personnel to learn how to maintain and replace a wide range of components. Therefore, both these factors are projected to inhibit the growth of the facility management market.
Opportunity:
Outsourcing of facility management continues to increase in popularity. Organizations are evaluating their operating models to maximize value creation. However, before outsourcing facility management to third parties, they review the appropriate mix of insourcing and outsourcing based on capability, cost, and coverage. Outsourcing has now contributed significantly to the growth of the facility management market in several regions, including Europe, the Middle East, and North America. The trend is largely driven by the increase in demand for high-quality workplace experiences and reduced operating costs.
The rise in demand for outsourcing is driven by the increased installation cost of in-house facility management teams and the complex task of managing a large suite of services. There is a high pressure on companies to offer value to their customers, compelling them to constantly innovate and expand their core services to deliver improved customer services. As a result, there is often a reduction in their non-core facility management budget, as employees and clients expect better workplace experiences. These factors are projected to make outsourcing an attractive proposition
Challenge:
Legacy Enterprise Resource Planning (ERP) software continues to witness increased preference in larger businesses. Facility management solutions cannot be used as isolated solutions in the facility’s digital architecture. They are often required to be integrated with ERP systems. The integration of facility management solutions with ERP systems is a complicated task, as the integration is done in different stages. Unfortunately, legacy ERP platforms are not adequate to operate independently to cater to the requirements of customers. In addition, companies are apprehensive of switching to an Integrated Workplace Management System (IWMS) or Computer-Aided Facility Management (CAFM) software, and integration is difficult due to the complex features of most enterprise software solutions.
Region Insights
Asia-Pacific dominated the facility management market in 2021. To offer their services to end users and extend their geographical footprint, established important players are focusing on partnering with local players.
North America is expected to have the largest market share in the facility management market. The presence of economically and technologically advanced countries such as the US and Canada, the adoption of new and emerging technologies, and the strong financial position of market players are some of the major factors that help organizations in North America have a competitive edge over others. The region consists of developed countries with well-established infrastructure, which generates huge demand for facility management solutions. Early adopters, such as companies in the BFSI and IT & telecom verticals, are expected to contribute major market shares.
Some of the prominent players in the Facility Management Market include:
Segments Covered in the Report
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for the period of 2017 to 2030 and covers subsequent region in its scope:
By Type
By Component
By Industry
By Deployment Mode
By Organization Size
By Geography
North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)
Key Points Covered in Facility Management Market Study:
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Facility Management Market
5.1. COVID-19 Landscape: Facility Management Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Facility Management Market, By Type
8.1. Facility Management Market, by Type, 2022-2030
8.1.1. Outsourced
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. In-house
8.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Facility Management Market, By Industry Type
9.1. Facility Management Market, by Industry Type, 2022-2030
9.1.1. Healthcare
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Government
9.1.2.1. Market Revenue and Forecast (2017-2030)
9.1.3. Education
9.1.3.1. Market Revenue and Forecast (2017-2030)
9.1.4. Military & Defense
9.1.4.1. Market Revenue and Forecast (2017-2030)
9.1.5. Real Estate
9.1.5.1. Market Revenue and Forecast (2017-2030)
9.1.6. Others
9.1.6.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Facility Management Market, By Deployment Mode Type
10.1. Facility Management Market, by Deployment Mode Type, 2022-2030
10.1.1. Cloud
10.1.1.1. Market Revenue and Forecast (2017-2030)
10.1.2. On-premises
10.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 11. Global Facility Management Market, By Organization Size
11.1. Facility Management Market, by Organization Size, 2022-2030
11.1.1. Large enterprises
11.1.1.1. Market Revenue and Forecast (2017-2030)
11.1.2. Small and medium-sized enterprises (SMEs)
11.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 12. Global Facility Management Market, By Component Type
12.1. Facility Management Market, by Component, 2022-2030
12.1.1. Solutions
12.1.1.1. Market Revenue and Forecast (2017-2030)
12.1.2. Services
12.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 13. Global Facility Management Market, Regional Estimates and Trend Forecast
13.1. North America
13.1.1. Market Revenue and Forecast, by Type (2017-2030)
13.1.2. Market Revenue and Forecast, by Industry (2017-2030)
13.1.3. Market Revenue and Forecast, by Deployment Mode (2017-2030)
13.1.4. Market Revenue and Forecast, by Organization Size (2017-2030)
13.1.5. Market Revenue and Forecast, by Component (2017-2030)
13.1.6. U.S.
13.1.6.1. Market Revenue and Forecast, by Type (2017-2030)
13.1.6.2. Market Revenue and Forecast, by Industry (2017-2030)
13.1.6.3. Market Revenue and Forecast, by Deployment Mode (2017-2030)
13.1.6.4. Market Revenue and Forecast, by Organization Size (2017-2030)
13.1.7. Market Revenue and Forecast, by Component (2017-2030)
13.1.8. Rest of North America
13.1.8.1. Market Revenue and Forecast, by Type (2017-2030)
13.1.8.2. Market Revenue and Forecast, by Industry (2017-2030)
13.1.8.3. Market Revenue and Forecast, by Deployment Mode (2017-2030)
13.1.8.4. Market Revenue and Forecast, by Organization Size (2017-2030)
13.1.8.5. Market Revenue and Forecast, by Component (2017-2030)
13.2. Europe
13.2.1. Market Revenue and Forecast, by Type (2017-2030)
13.2.2. Market Revenue and Forecast, by Industry (2017-2030)
13.2.3. Market Revenue and Forecast, by Deployment Mode (2017-2030)
13.2.4. Market Revenue and Forecast, by Organization Size (2017-2030)
13.2.5. Market Revenue and Forecast, by Component (2017-2030)
13.2.6. UK
13.2.6.1. Market Revenue and Forecast, by Type (2017-2030)
13.2.6.2. Market Revenue and Forecast, by Industry (2017-2030)
13.2.6.3. Market Revenue and Forecast, by Deployment Mode (2017-2030)
13.2.7. Market Revenue and Forecast, by Organization Size (2017-2030)
13.2.8. Market Revenue and Forecast, by Component (2017-2030)
13.2.9. Germany
13.2.9.1. Market Revenue and Forecast, by Type (2017-2030)
13.2.9.2. Market Revenue and Forecast, by Industry (2017-2030)
13.2.9.3. Market Revenue and Forecast, by Deployment Mode (2017-2030)
13.2.10. Market Revenue and Forecast, by Organization Size (2017-2030)
13.2.11. Market Revenue and Forecast, by Component (2017-2030)
13.2.12. France
13.2.12.1. Market Revenue and Forecast, by Type (2017-2030)
13.2.12.2. Market Revenue and Forecast, by Industry (2017-2030)
13.2.12.3. Market Revenue and Forecast, by Deployment Mode (2017-2030)
13.2.12.4. Market Revenue and Forecast, by Organization Size (2017-2030)
13.2.13. Market Revenue and Forecast, by Component (2017-2030)
13.2.14. Rest of Europe
13.2.14.1. Market Revenue and Forecast, by Type (2017-2030)
13.2.14.2. Market Revenue and Forecast, by Industry (2017-2030)
13.2.14.3. Market Revenue and Forecast, by Deployment Mode (2017-2030)
13.2.14.4. Market Revenue and Forecast, by Organization Size (2017-2030)
13.2.15. Market Revenue and Forecast, by Component (2017-2030)
13.3. APAC
13.3.1. Market Revenue and Forecast, by Type (2017-2030)
13.3.2. Market Revenue and Forecast, by Industry (2017-2030)
13.3.3. Market Revenue and Forecast, by Deployment Mode (2017-2030)
13.3.4. Market Revenue and Forecast, by Organization Size (2017-2030)
13.3.5. Market Revenue and Forecast, by Component (2017-2030)
13.3.6. India
13.3.6.1. Market Revenue and Forecast, by Type (2017-2030)
13.3.6.2. Market Revenue and Forecast, by Industry (2017-2030)
13.3.6.3. Market Revenue and Forecast, by Deployment Mode (2017-2030)
13.3.6.4. Market Revenue and Forecast, by Organization Size (2017-2030)
13.3.7. Market Revenue and Forecast, by Component (2017-2030)
13.3.8. China
13.3.8.1. Market Revenue and Forecast, by Type (2017-2030)
13.3.8.2. Market Revenue and Forecast, by Industry (2017-2030)
13.3.8.3. Market Revenue and Forecast, by Deployment Mode (2017-2030)
13.3.8.4. Market Revenue and Forecast, by Organization Size (2017-2030)
13.3.9. Market Revenue and Forecast, by Component (2017-2030)
13.3.10. Japan
13.3.10.1. Market Revenue and Forecast, by Type (2017-2030)
13.3.10.2. Market Revenue and Forecast, by Industry (2017-2030)
13.3.10.3. Market Revenue and Forecast, by Deployment Mode (2017-2030)
13.3.10.4. Market Revenue and Forecast, by Organization Size (2017-2030)
13.3.10.5. Market Revenue and Forecast, by Component (2017-2030)
13.3.11. Rest of APAC
13.3.11.1. Market Revenue and Forecast, by Type (2017-2030)
13.3.11.2. Market Revenue and Forecast, by Industry (2017-2030)
13.3.11.3. Market Revenue and Forecast, by Deployment Mode (2017-2030)
13.3.11.4. Market Revenue and Forecast, by Organization Size (2017-2030)
13.3.11.5. Market Revenue and Forecast, by Component (2017-2030)
13.4. MEA
13.4.1. Market Revenue and Forecast, by Type (2017-2030)
13.4.2. Market Revenue and Forecast, by Industry (2017-2030)
13.4.3. Market Revenue and Forecast, by Deployment Mode (2017-2030)
13.4.4. Market Revenue and Forecast, by Organization Size (2017-2030)
13.4.5. Market Revenue and Forecast, by Component (2017-2030)
13.4.6. GCC
13.4.6.1. Market Revenue and Forecast, by Type (2017-2030)
13.4.6.2. Market Revenue and Forecast, by Industry (2017-2030)
13.4.6.3. Market Revenue and Forecast, by Deployment Mode (2017-2030)
13.4.6.4. Market Revenue and Forecast, by Organization Size (2017-2030)
13.4.7. Market Revenue and Forecast, by Component (2017-2030)
13.4.8. North Africa
13.4.8.1. Market Revenue and Forecast, by Type (2017-2030)
13.4.8.2. Market Revenue and Forecast, by Industry (2017-2030)
13.4.8.3. Market Revenue and Forecast, by Deployment Mode (2017-2030)
13.4.8.4. Market Revenue and Forecast, by Organization Size (2017-2030)
13.4.9. Market Revenue and Forecast, by Component (2017-2030)
13.4.10. South Africa
13.4.10.1. Market Revenue and Forecast, by Type (2017-2030)
13.4.10.2. Market Revenue and Forecast, by Industry (2017-2030)
13.4.10.3. Market Revenue and Forecast, by Deployment Mode (2017-2030)
13.4.10.4. Market Revenue and Forecast, by Organization Size (2017-2030)
13.4.10.5. Market Revenue and Forecast, by Component (2017-2030)
13.4.11. Rest of MEA
13.4.11.1. Market Revenue and Forecast, by Type (2017-2030)
13.4.11.2. Market Revenue and Forecast, by Industry (2017-2030)
13.4.11.3. Market Revenue and Forecast, by Deployment Mode (2017-2030)
13.4.11.4. Market Revenue and Forecast, by Organization Size (2017-2030)
13.4.11.5. Market Revenue and Forecast, by Component (2017-2030)
13.5. Latin America
13.5.1. Market Revenue and Forecast, by Type (2017-2030)
13.5.2. Market Revenue and Forecast, by Industry (2017-2030)
13.5.3. Market Revenue and Forecast, by Deployment Mode (2017-2030)
13.5.4. Market Revenue and Forecast, by Organization Size (2017-2030)
13.5.5. Market Revenue and Forecast, by Component (2017-2030)
13.5.6. Brazil
13.5.6.1. Market Revenue and Forecast, by Type (2017-2030)
13.5.6.2. Market Revenue and Forecast, by Industry (2017-2030)
13.5.6.3. Market Revenue and Forecast, by Deployment Mode (2017-2030)
13.5.6.4. Market Revenue and Forecast, by Organization Size (2017-2030)
13.5.7. Market Revenue and Forecast, by Component (2017-2030)
13.5.8. Rest of LATAM
13.5.8.1. Market Revenue and Forecast, by Type (2017-2030)
13.5.8.2. Market Revenue and Forecast, by Industry (2017-2030)
13.5.8.3. Market Revenue and Forecast, by Deployment Mode (2017-2030)
13.5.8.4. Market Revenue and Forecast, by Organization Size (2017-2030)
13.5.8.5. Market Revenue and Forecast, by Component (2017-2030)
Chapter 14. Company Profiles
14.1. Sodexo
14.1.1. Company Overview
14.1.2. Product Offerings
14.1.3. Financial Performance
14.1.4. Recent Initiatives
14.2. Compass Group
14.2.1. Company Overview
14.2.2. Product Offerings
14.2.3. Financial Performance
14.2.4. Recent Initiatives
14.3. Jones Lang LaSalle Incorporated
14.3.1. Company Overview
14.3.2. Product Offerings
14.3.3. Financial Performance
14.3.4. Recent Initiatives
14.4. Johnson Controls International PLC
14.4.1. Company Overview
14.4.2. Product Offerings
14.4.3. Financial Performance
14.4.4. Recent Initiatives
14.5. Dussmann Group
14.5.1. Company Overview
14.5.2. Product Offerings
14.5.3. Financial Performance
14.5.4. Recent Initiatives
14.6. CBRE Group Inc.
14.6.1. Company Overview
14.6.2. Product Offerings
14.6.3. Financial Performance
14.6.4. Recent Initiatives
14.7. Aramark
14.7.1. Company Overview
14.7.2. Product Offerings
14.7.3. Financial Performance
14.7.4. Recent Initiatives
14.8. ISS A/S
14.8.1. Company Overview
14.8.2. Product Offerings
14.8.3. Financial Performance
14.8.4. Recent Initiatives
14.9. Tenon Group
14.9.1. Company Overview
14.9.2. Product Offerings
14.9.3. Financial Performance
14.9.4. Recent Initiatives
14.10. Cushman & Wakefield PLC
14.10.1. Company Overview
14.10.2. Product Offerings
14.10.3. Financial Performance
14.10.4. Recent Initiatives
Chapter 15. Research Methodology
15.1. Primary Research
15.2. Secondary Research
15.3. Assumptions
Chapter 16. Appendix
16.1. About Us
16.2. Glossary of Terms
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers