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Global Facility Management Market to reach USD XX billion by the end of 2030

Global Facility Management Market Size Study & Forecast, by Service Type (Hard Services, Soft Services, Other Services), by Industry Vertical (Healthcare, Government, Education, Military & Defense, Real Estate, Others), and Regional Analysis, 2023-2030

Product Code: ICTEITS-54518476
Publish Date: 15-11-2023
Page: 200

Global Facility Management Market is valued at approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030. Facility management is a specialized management field dedicated to the efficient and effective provision of logistics and various support services associated with real estate and structures. It is a multidisciplinary field that involves the management and maintenance of physical assets and infrastructure within an organization or facility. The primary goal of FM is to provide a safe, functional, and comfortable environment for employees, customers, and other occupants while optimizing the use of resources and reducing operating costs. The Facility Management Market is expanding because of factors such as the surge in the adoption of IoT and AI in facility management solutions, the rising emphasis of enterprises to comply with regulatory policies, the rise in demand for cloud-based facility management solutions, and growing inclination towards the adoption of advanced technologies to maintain sustainability at workplaces.

In addition, governments globally invest heavily in construction and infrastructure, focusing on renovating existing structures, constructing new buildings, and civil engineering projects. The market benefits significantly from infrastructure development, especially in renovating buildings and constructing smart structures. Emerging economies collaborate with private contractors, including international players, to maintain clean and sustainable infrastructure. Additionally, increasing real estate investments are driving the growth of smart buildings. These buildings require interconnected systems for lighting, sensors, windows, doors, HVAC, and CCTV. This integration is vital for preventive maintenance in the smart building industry. The demand for such management services is on the rise as numerous buildings in both developed and developing countries require cleaning and maintenance. For instance, in January 2019, the Saudi Arabian government unveiled their plan to raise USD 36 billion for transportation projects over the next 11 years. This project’s main aims include roads, ports, airports, and railroads. This project is funded by the government as well as several private businesses. According to the Ministry of Energy, Saudi Arabia intends to invest USD 425 billion in industrial and infrastructural projects over the next ten years. The Vision 2030 program of Saudi Crown Prince Mohammed bin Salman will gain from this private sector investment. Thus, the expansion of the infrastructure sector in various countries is anticipated to be a significant market driver, which, in turn, accelerates the growth of the Facility Management Market during the estimated period. Moreover, the rising inclination towards outsourcing facility management operations, as well as the increase in focus on integrating BIM with facility management solutions present various lucrative opportunities over the forecast years. However, the integration of facility management with legacy ERP systems and the lack of managerial awareness and standardization are challenging the market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Facility Management Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 owing to the presence of numerous organized and unorganized companies in China and India. Additionally, established corporations are focusing on forging alliances with regional companies to expand their geographic reach and offer their services to end users. The market in the nation is also being impacted by the expanding use of innovative technologies such as business strategies and Internet of Things (IoT) evolutions. Whereas, North America is expected to grow at a significant CAGR over the forecast years. The introduction of new technologies such as the Internet of Things, artificial intelligence, robots, and others, as well as rising demand for cloud-based facility management solutions is projected to prompt the regional market to grow across the region.

Major market players included in this report are:
Sodexo (France)
CBRE Group, Inc. (U.S.)
ISS A/S (Denmark)
Compass Group PLC (U.K.)
Tenon Group (India)
Johnson Controls International plc. (Ireland)
Dussmann Group (Germany)
Serco Group PLC (U.K.)
OCS Group International Limited (U.K.)
Dussmann Gulf LLC (U.A.E.)

Recent Developments in the Market:
Ø In January 2022, Aramark- the global provider of uniforms, food, and facilities management services announced a strategic alliance with Patient Engagement Advisors (PEA), an innovative technological platform that connects patients with transition specialists.
Ø In July 2021, Farnek introduced the HITEK Solution 4.0, a groundbreaking innovation poised to revolutionize traditional FM operational management. By embracing HITEK’s intelligent management system, they aimed to achieve substantial manpower cost savings of up to 17%.
Ø In June 2020, Sodexo entered a strategic partnership with Bureau Veritas to introduce a hygiene verification label for its services. This label provided consumers with a robust quality assurance framework, encompassing on-site facility management and catering services. Initially launched in the U.K., France, the U.S., and Canada, this initiative was gradually expanded to other countries worldwide.

Global Facility Management Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Service Type, Industry Vertical, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Service Type:
Hard Services
Soft Services
Other Services

By Industry Vertical:
Military & Defense
Real Estate

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Facility Management Market, by Region, 2020-2030 (USD Billion)
1.2.2. Facility Management Market, by Service Type, 2020-2030 (USD Billion)
1.2.3. Facility Management Market, by Industry Vertical, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Facility Management Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Facility Management Market Dynamics
3.1. Facility Management Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Increasing demand for cloud-based facility management solutions Rising investment in the infrastructural development
3.1.2. Market Challenges Integration of facility management with legacy ERP systems Lack of managerial awareness and standardization
3.1.3. Market Opportunities Rising inclination towards outsourcing facility management operations Increase in focus on integrating BIM with facility management solutions
Chapter 4. Global Facility Management Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Facility Management Market, by Service Type
5.1. Market Snapshot
5.2. Global Facility Management Market by Service Type, Performance – Potential Analysis
5.3. Global Facility Management Market Estimates & Forecasts by Service Type 2020-2030 (USD Billion)
5.4. Facility Management Market, Sub Segment Analysis
5.4.1. Hard Services
5.4.2. Soft Services
5.4.3. Other Services
Chapter 6. Global Facility Management Market, by Industry Vertical
6.1. Market Snapshot
6.2. Global Facility Management Market by Industry Vertical, Performance – Potential Analysis
6.3. Global Facility Management Market Estimates & Forecasts by Industry Vertical 2020-2030 (USD Billion)
6.4. Facility Management Market, Sub Segment Analysis
6.4.1. Healthcare
6.4.2. Government
6.4.3. Education
6.4.4. Military & Defense
6.4.5. Real Estate
6.4.6. Others
Chapter 7. Global Facility Management Market, Regional Analysis
7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Facility Management Market, Regional Market Snapshot
7.4. North America Facility Management Market
7.4.1. U.S. Facility Management Market Service Type breakdown estimates & forecasts, 2020-2030 Industry Vertical breakdown estimates & forecasts, 2020-2030
7.4.2. Canada Facility Management Market
7.5. Europe Facility Management Market Snapshot
7.5.1. U.K. Facility Management Market
7.5.2. Germany Facility Management Market
7.5.3. France Facility Management Market
7.5.4. Spain Facility Management Market
7.5.5. Italy Facility Management Market
7.5.6. Rest of Europe Facility Management Market
7.6. Asia-Pacific Facility Management Market Snapshot
7.6.1. China Facility Management Market
7.6.2. India Facility Management Market
7.6.3. Japan Facility Management Market
7.6.4. Australia Facility Management Market
7.6.5. South Korea Facility Management Market
7.6.6. Rest of Asia Pacific Facility Management Market
7.7. Latin America Facility Management Market Snapshot
7.7.1. Brazil Facility Management Market
7.7.2. Mexico Facility Management Market
7.8. Middle East & Africa Facility Management Market
7.8.1. Saudi Arabia Facility Management Market
7.8.2. South Africa Facility Management Market
7.8.3. Rest of Middle East & Africa Facility Management Market

Chapter 8. Competitive Intelligence
8.1. Key Company SWOT Analysis
8.1.1. Company 1
8.1.2. Company 2
8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. Sodexo (France) Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
8.3.2. CBRE Group, Inc. (U.S.)
8.3.3. ISS A/S (Denmark)
8.3.4. Compass Group PLC (U.K.)
8.3.5. Tenon Group (India)
8.3.6. Johnson Controls International plc. (Ireland)
8.3.7. Dussmann Group (Germany)
8.3.8. Serco Group PLC (U.K.)
8.3.9. OCS Group International Limited (U.K.)
8.3.10. Dussmann Gulf LLC (U.A.E.)
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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