According to a new market research report published by Global Facility Management Market is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Facility management is the coordination of the physical workplace with the people and work of the organization. It encompasses a range of activities, including: space planning and design, maintenance and operations, housekeeping and janitorial, security, event management, transportation and parking.
The goal of facility management is to create and maintain a physical environment that supports the organization’s mission and helps its employees be productive.
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Key Players
- JLL
- CBRE
- Cushman & Wakefield
- Knight Facilities Management
- ISS World
- Sodexo
- G4S
- Securitas
Key Trends
There are several key trends in Facility Management technology. One is the trend toward integrating Facility Management software with other enterprise software, such as enterprise resource planning (ERP) and customer relationship management (CRM) systems. This integration can provide a more holistic view of an organization’s operations and can help streamline processes.
Another key trend is the move toward cloud-based Facility Management software. This type of software is hosted on the vendor’s servers and accessed by users via the Internet. Cloud-based software can be less expensive to implement and maintain than on-premises software, and it can be easier to scale up or down as needed.
Another trend is the increasing use of mobile devices and apps for Facility Management. This can allow managers to access Facility Management data and tools from anywhere, at any time.
Finally, there is a trend toward using data analytics to improve Facility Management. This data can be used to identify trends and patterns, and to make decisions about maintenance, repairs, and other aspects of Facility Management.
Key Drivers
The facility management market is driven by the need for cost-effective and efficient management of facilities. The need for improved organizational performance and the need for compliance with regulatory requirements are the key drivers of the facility management market. The facility management market is also driven by the need for improved customer service, the need for improved communication and collaboration, and the need for improved security.
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Market Segments
By Type
- Single
- Bundled
- IFM
By Service
- Professional Services
- Managed Services
By Solution
- Strategic Planning and Project Management
- Workplace and Relocation Management
- Sustainability Management
- Maintenance Management
- Other
By End User
- IT and Telecommunications
- Healthcare
- Retail
- Education
- BFSI
- Other
Reasons to buy Facility Management Market:
- Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
- Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
- Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
- Develop business and M&A strategies through understanding of latest trends and emerging players in the market
- Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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Key Questions answered in the report:
- How is the market structured and what the key drivers and trends of this industry?
- How is the market segmented and what is the size of each segment?
- Which segments and geographies provide best growth opportunities?
- What’s the competitive landscape and positioning of players in this market?
- What is the impact of latest events such as Covid-19 and Russia-Ukraine conflict on the market?
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