The global FM Software Market size was valued at USD 1290.43 Billion in 2022 and is projected to reach USD 1922.12 Billion by 2030, growing at a CAGR of 5.0% from 2023 to 2030.
Market Overview
The research firm Contrive Datum Insights has just recently added to its database a report with the heading global FM Software Market .Both primary and secondary research methodologies have been utilised in order to conduct an analysis of the worldwide FM Software Market . In order to provide a comprehensive comprehension of the topic at hand, it has been summed up using appropriate and accurate market insights. According to Contrive Datum Insights, this worldwide comprehensive report is broken up into several categories in order to present the data in a way that is understandable, succinct, and presented in a professional manner. The FM Software Market provides tools for overseeing organizations’ entire upkeep initiatives. The software’s primary goal is to reduce overhead costs and increase productivity by improving asset, building, and occupant management. Repair and maintenance management, contractor procurement and management, parts and supply management, asset management, billing/payment processing, preventive maintenance planning, work order fulfillment, proposal management, and data analysis are just some of the many tasks that facility managers can check off their lists with the help of this software. About 45 percent of the worldwide FM market is occupied by FM software. Work order management is streamlined with FM software, which also offers a SaaS platform, staffing assistance, spend analytics, integrations with third-party applications, and much more. Integrated FM software and stand-alone FM software are the two main categories of commercially available software. FM’s goal is to keep all building systems running smoothly and in good condition. The report covers the years 2017 through 2030, with 2022 serving as the foundational year, and provides market size estimates and forecasts in terms of sales volume (K units) and revenue (million USD). In-depth market splits for FM Software on a global scale are provided in this report. Product, application, and key player market sizes by region are also provided. The effects of COVID-19 and other global crises were considered when calculating the estimated size of the market.
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Segment Analysis
It encompasses the most important key players in the world’s various regions and contains them. In this research report, several different techniques that high-level industries have utilised to achieve their goals are discussed. In order to obtain a more in-depth analysis of a number of different businesses, player profiles of the most important top players have been developed. It is beneficial to have an understanding of the worldwide competition on both the domestic and international platforms.
It provides a detailed description of the drivers and opportunities in the FM Software Market , which assists current customers and potential customers in gaining a clear vision and making decisions that are most effective for them. In order to discover the desired facts regarding the target market, various types of analysis models, such as FM Software Market , are utilised. In addition to this, it includes a variety of different techniques for strategic planning, which encourages the way to define and develop the framework of the various industries. The market is broken down into hard services, soft services, and other services according to the nature of the offered service. Due to the subsequent growth of the infrastructure industry worldwide, the hard services category is likely to hold a major market share. In addition, this sector encompasses the provision of cleaning services, plumbing and drainage services, the upkeep of building fabrics, and similar hard services. The market is segmented into various end-use industries such as healthcare, government, education, military & defense, real estate, and others. It is expected that the worldwide real estate market will accelerate during the forecast period. The growth of the construction and development sector in many nations is largely responsible for this trend. Market share gains are anticipated to be greatest in the real estate sector, followed by the information technology and telecommunications sectors, and finally the business financial services sector. A rise in the use of healthcare facilities management services as preventative measures in many countries is also expected to contribute to the healthcare sector’s rapid expansion over the forecast period.
Based on types, the FM Software Market is segmented into:
- Cloud Based
- On-Premises
Based on application, the FM Software Market is segmented into:
- SMEs
- Large Enterprises
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Recent Development
IBM partnered with Sund & Baelt in April 2019 to expand the IBM Maximo portfolio by adding industry and task-specific functionality to aid businesses in the management, monitoring, and administration of their infrastructure assets. This solution, IBM Maximo for Civil Infrastructure, is part of IBM’s IBM Maximo for Civil Infrastructure offering. Oracle and Propre Japan Inc. formed a partnership in May of 2020. Oracle Japan would assist Propre Japan Inc. in developing new features for the Propre real estate big data platform, which is used in 17 countries. Having this alliance would help Oracle attract a wider range of customers. SAP and Honeywell joined forces in June 2020 to develop a shared cloud-based solution for enhancing the operational efficiency of buildings. Enterprise performance management solution Honeywell Forge and SAP Cloud Platform will form the basis of the solution. A smaller carbon footprint, cheaper energy bills, and a more pleasant living environment for tenants would all result from implementing this solution. A partnership between Trimble and the British Heart Foundation was announced in October 2019. (BHF). The British Heart Foundation (BHF) implemented the Manhattan Integrated Workplace Management System (IWMS) by Trimble to centralize the management of its 750 retail locations across the United Kingdom. Trimble Buildings’ clientele would grow thanks to this partnership.
Fortive bought ServiceChannel in July of 2021. When it comes to cloud-based, multi-location services, ServiceChannel is the gold standard. Along with Accruent and Gordian, it bolstered Fortive’s selection of Facility and Asset Lifecycle process automation tools.
Regional Analysis
North America, Latin America, the Middle East, Asia-Pacific, Africa, Europe, and India are just some of the regions studied to determine how the global FM Software market is divided up. It is expected that the global FM Software region will maintain its current level of market dominance in the years to come. In 2021, 31.7% of the global market came from North America. During the predicted time period, the region is expected to expand by a factor of 2.0. During the forecast period, the North American market is expected to expand at a compound annual growth rate of 7.3%. Over the period 2022-2032, the North American market is expected to generate a total potential revenue of USD 6,599.5 million.
Growth in the North American market is being fueled by a number of factors, including the presence of key players in the facility management software industry and the increasing adoption of cutting-edge technologies. There is a high demand for facility management software in countries with developed economies and infrastructures, such as the United States and Canada. Aside from this, early adopters in the BFSI and IT & telecom sectors are anticipated to contribute a sizable portion of the market share.
Regional FM Software Market coverage (Regional Status, Demand Forecast, Country Trends, etc.):
- North America, Europe, China, Japan, Southeast Asia, India.
- North America (USA, Canada, and Mexico).
- Europe (Germany, France, UK, Russia and, Italy).
- Asia-Pacific (China, Japan, Korea, India and, Southeast Asia).
Key segments covered in the FM Software Market include:
- FM Software Market Growth Drivers and Barriers.
- Market Trends, Market Opportunities, Porter’s Five Forces Analysis.
- Market Overview, Industry Development, Market Maturity, Value Chain Analysis.
- Regional and Country Level Analysis.
- Trends and Forecasts for Market Segments.
- Market Analysis and Various Recommendations.
- Key market forces.
Report Customization:
This report will be customized to your needs for additional data up to 5 companies or 5 countries or nearly 40 analyst hours.
https://www.contrivedatuminsights.com/product-report/fm-software-market-20408Key Market Participants in the FM Software Market :
IBM, Oracle, SAP, Archibus, Trimble, CA Technologies, Accruent, Planon, FM:Systems, Ioffice, Maintenance Connection, MCS Solutions, Jadetrack, Metricstream, Facilities Management Express, Emaint, Hippo Cmms, Apleona, FSI, Indus Systems, Autodesk, Nemetsch, and others.
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