Facility Management Market by Offering (Solutions (IWMS, BIM, Facility Operations and Security Management, Facility Property Management) and Services), Deployment Type, Organization Size, Vertical (BFSI, Retail)- Global Industry Analysis, Share, Growth, Regional Outlook and Forecasts, 2021-2027

The global Facility Management market gathered revenue around USD 39.12 Billion in 2020 and market is set to grow USD 67.2 Billion by the end of 2027 and is estimated to expand at a modest CAGR of 10.1% during the prediction period 2021 to 2027.

Facility Management Market Size 2020 to 2027

Growth Factors:

There has been an increasing adoption of disruptive technologies, such as cognitive computing, augmented reality, IoT and analytics, and robots and drones, in the facility management area. Facility management solution helps the facility management team to develop sustainable buildings and optimize functions at the most efficient level. Facility management solutions enable facility managers to identify the underutilized and poor performing facilities, assets, processes, and resources, and help improve facility assets.

This research report purposes at stressing the most lucrative growth prospects. The aim of the research report is to provide an inclusive valuation of the Facility Management market and it encompasses thoughtful visions, actualities, industry-validated market findings, historic data, and prognoses by means of appropriate set of assumptions and practice. Global Facility Management market report aids in comprehending market structure and dynamics by recognizing and scrutinizing the market sectors and predicted the global market outlook.

Report Coverage

Report Scope Details
Market Size USD 67.2 Billion by 2027
Growth Rate CAGR of 10.1% From 2021 to 2027
Base Year 2020
Forecast Period 2021 to 2027
Historic Data 2017 to 2020
Report coverage Growth Factors, Revenue Status, Competitive Landscape,  and Future Trends
Segments Covered By Offering, Deployment Mode, Organization Size, By Vertical And Region
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)
Companies Mentioned IBM, Oracle, SAP, Trimble, Accruent, MRI Software, Planon, ServiceChannel, Service Works Global, FMX, Causeway Technologies, FM:Systems, Spacewell, iOFFICE, FSI, ARCHIBUS, Archidata, JadeTrack, UpKeep Maintenance Management, Apleona, FacilityONE Technologies, OfficeSpace Software, Facilio, eFACiLiTY, eMaint, and Axxerion USA.

COVID-19 Impact Assessment on Market Landscape

The report comprises the scrutiny of COVID-19 lock-down impact on the income of market leaders, disrupters and followers. Since lock down was instigated differently in diverse regions and nations, influence of same is also dissimilar across various industry verticals. The research report offers present short-term and long-term influence on the market to assist market participants across value chain makers to formulate the framework for short term and long-lasting tactics for recovery and by region.

Facility Management market Report empowers readers with all-inclusive market intelligence and offers a granular outline of the market they are operational in. Further this research study delivers exceptional combination of tangible perceptions and qualitative scrutiny to aid companies accomplishes sustainable growth. This report employs industry-leading research practices and tools to assemble all-inclusive market studies, intermingled with pertinent data. Additionally, this report also emphases on the competitive examination of crucial players by analyzing their product portfolio, pricing, gross margins, financial position, growth approaches, and regional occurrence.

Opportunity analysis:

Outsourcing of facilities management continues to increase in popularity. Organizations are evaluating their operating models to maximize the value creation. However, before they outsource 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 facilities management market in several regions, including Europe, Middle East, and North America. The trend is largely driven by the increase in demand for high-quality workplace experiences and reduced operating costs. Moreover, 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.

North America to lead the facility management market in 2020

North America is estimated to hold the largest share of the global facility management market in 2020. Organizations in this region have been early adopters of facility management solutions and services. The region has sustainable and well-established economies, which increasingly invest in R&D activities for the development of new technologies, such as AI, ML, cloud, and big data. The presence of the majority of key vendors of facility management solutions and services, such as Oracle, IBM, and Accruent in the region is also one of the major factors driving the growth of the market in this region.

Competitive Rivalry

Foremost players in the market are attentive on adopting corporation strategies to enhance their market share. Some of the prominent tactics undertaken by leading market participants in order to sustain the fierce market completion include collaborations, acquisitions, substantial spending in R&D and the improvement of new-fangled products or reforms among others.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

  • Company Overview
  • Company Market Share/Positioning Analysis
  • Product Offerings
  • Financial Performance
  • Recent Initiatives
  • Key Strategies Adopted by Players
  • Vendor Landscape
  • List of Suppliers
  • List of Buyers

Some of the prominent players in the Facility Management Market include:  IBM, Oracle, SAP, Trimble, Accruent, MRI Software, Planon, ServiceChannel, Service Works Global, FMX, Causeway Technologies, FM:Systems, Spacewell, iOFFICE, FSI, ARCHIBUS, Archidata, JadeTrack, UpKeep Maintenance Management, Apleona, FacilityONE Technologies, OfficeSpace Software, Facilio, eFACiLiTY, eMaint, and Axxerion USA.

Unravelling the Critical Segments

This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:

 By offering

  • Solutions
    • IWMS
    • BIM
    • Facility Operations and Security Management
      • Lighting Control
      • HVAC Control
      • Video Surveillance and Access Control
      • Emergency and Incident Management
    • Facility Environment Management
      • Sustainability Management
      • Waste Management
    • Facility Property Management
      • Lease Accounting and Real Estate Management
      • Asset Maintenance Management
      • Workspace and Relocation Management
      • Reservation Management
  • Services
    • Professional Services
      • Deployment and Integration
      • Consulting and Training
      • Auditing and Quality Assessment
      • Support and Maintenance
      • SLA Management
    • Managed Services

 By deployment mode

  • On-premises
  • Cloud

By organization size

  • Small and Medium-sized Enterprises (SMEs)
  • Large Enterprises

By vertical

  • Banking, Financial Services, and Insurance (BFSI)
  • IT and Telecom
  • Government and public administration
  • Healthcare
  • Education
  • Retail
  • Energy and Utilities
  • Manufacturing
  • Construction and real estate
  • Others (Media and Entertainment, Transportation and Logistics, and Hospitality)

By Geography

North America

  • U.S.
  • Canada

Europe

  • Germany
  • France
  • United Kingdom
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • Southeast Asia
  • Rest of Asia Pacific

Latin America

  • Brazil
  • Rest of Latin America

Middle East & Africa (MEA)

  • GCC
  • North Africa
  • South Africa
  • Rest of Middle East & Africa

Highlights of the Report:

  • Market Penetration: Comprehensive information on the product portfolios of the top players in the market.
  • Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the market
  • Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market
  • Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the market

Research Methodology

In the study, a unique research methodology is utilized to conduct extensive research on the growth of the Facility Management market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the conclusions.

Secondary resources referred to by analysts during the production of the Facility Management market study are as follows - statistics from government organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of this report as a primary resource.

Comprehensive information acquired from primary and secondary resources acts as a validation from companies in the market, and makes the projections on the growth prospects of the Facility Management markets more accurate and reliable.

Secondary Research

It involves company databases such as Hoover's: This assists us recognize financial information, structure of the market participants and industry competitive landscape.

The secondary research sources referred in the process are as follows:

  • Governmental bodies, and organizations creating economic policies
  • National and international social welfare institutions
  • Company websites, financial reports and SEC filings, broker and investor reports
  • Related patent and regulatory databases
  • Statistical databases and market reports
  • Corporate Presentations, news, press release, and specification sheet of Manufacturers

Primary Research

Primary research includes face-to face interviews, online surveys, and telephonic interviews.

  • Means of primary research: Email interactions, telephonic discussions and Questionnaire based research etc.
  • In order to validate our research findings and analysis we conduct primary interviews of key industry participants. Insights from primary respondents help in validating the secondary research findings. It also develops Research Team’s expertise and market understanding.

Industry participants involved in this research study include:

  • CEOs, VPs, market intelligence managers
  • Procuring and national sales managers technical personnel, distributors and resellers
  • Research analysts and key opinion leaders from various domains

Key Points Covered in Facility Management market Study:

  • Growth of Facility Management in 2021
  • Market Estimates and Forecasts (2017-2027)
  •  Brand Share and Market Share Analysis
  •  Key Drivers and Restraints Shaping Market Growth
  •  Segment-wise, Country-wise, and Region-wise Analysis
  •  Competition Mapping and Benchmarking
  •  Recommendation on Key Winning Strategies
  •  COVID-19 Impact on Demand for Facility Management and How to Navigate
  •  Key Product Innovations and Regulatory Climate
  •  Facility Management Consumption Analysis
  •  Facility Management Production Analysis
  •  Facility Management and Management