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Analysis of Facility Management Market 2019-2024: Industry Trends, Share, Size, Price, Revenue, Business Strategy, Production Technology Forecast to 2024

Facility

The “Facility Management Market” 2019 report provides market size (value and volume), market share, growth rate by types, applications, and combines both qualitative and quantitative methods to make micro and macro forecasts in different regions or countries. Facility Management Market report also aims to provide useful and comprehensive insights into current market trends and future growth scenarios. Facility Management market report contains information like SWOT analysis, business highlights, strength, weakness, threats and opportunities of industry.

Top Manufacturers of Facility Management Market Are:

  • Archibus Inc.
  • CA Technologies
  • FM System Inc.
  • IBM Corporation
  • iOffice Corporation
  • Oracle Corporation
  • Planon Corporation
  • SAP SE
  • Satnav Technologies
  • Trimble Navigation Ltd

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    Market Overview:

  • The facility management market was valued at USD 35.92 billion in 2018, and is expected to reach a market value of USD 72.43 billion by 2024, registering a CAGR of 12.51% during the forecast period of 2019–2024.
  • – Facility management (FM) includes management methods and techniques for building management, infrastructure management for an organization and also the means of overall harmonization of the work environment in an organization. This system standardizes services and streamlines processes for an organization.
  • – The increased spending on the infrastructural aspect can be cited as one of the major drivers for the growth of the FM market. Moreover, the increasing focus on optimization processes and energy efficiency improvements are the main driving forces for the development of the facility management market.
  • – Along with this, real estate, manufacturing, retail, and the public sector are also a few industry verticals which have witnessed high infrastructural growth. These verticals mentioned above constitute the primary end users of facility management solutions, owing to the growing need for integrating data from operational facilities into other business applications.
  • – However, security concerns related to the safety of devices and networks is one of the factors restraining the market growth. Increasing security breaches and growing threats of cybercrime groups are creating skepticism, thus affecting the growth of the market.

    Scope of the Report:

  • Facility management encompasses multiple disciplines to ensure the functionality of the built environment by integrating people, place, process, and technology. Also, facility management is the coordination of a facility’s operations meant to make the organization as a whole more effective at what it does. The facility management is applied in various industry verticals like retail, education, and healthcare, among others as per the need of the business.

    Facility Management Market Report Answers the Following Questions:

    • What will the market size and the growth rate be in 2024?
    • What are the key factors driving the global Facility Management market?
    • What are the key market trends impacting the growth of the global Facility Management market?
    • What are the challenges to market growth?
    • Who are the key vendors in the global Facility Management market?
    • What are the market opportunities and threats faced by the vendors in the global Facility Management market?
    • Trending factors influencing the market shares of the relevant regions.
    • What are the key outcomes of the five forces analysis of the global Facility Management market?

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    Key Market Trends:

    Integrated Facility Management to Witness Higher Growth Rate

    – Integrated facility management is a method of combining many (or all) of the office related services and processes under one vendor and management team. IFM streamlines internal and vendor-related communication, simplifying day-to-day operations management, and improving productivity in the organization.
    – With multiple vendors working on different components of the organization, redundancy and overlap are inevitable. Costs are also an important factor of concern as different teams spend their time and money on initiatives that do not align with the company’s future goals. With IFM, inefficiency and unnecessary expenditure become easy to identify, since there is greater visibility.
    – The North American region has largely set the global standard for integrated facility management (IFM) services, owing to the home presence of large contract management and real estate firms. The North American market has a presence of large nationally and internationally operating IFM companies from the backgrounds of technical FM, property management, and support services.

    North America Occupies the Largest Market Share

    – Latest technological breakthroughs in the North American region have assisted the advancement of facility management solutions that makes the overall processes highly efficient and significantly improve accuracy in various applications.
    – There have been a series of new solutions, mergers and acquisitions in the North American region to take advantage of this opportunity. The primary driver behind these investments are the continuous evolution and increasing application of new technologies to unlock enormous volumes that were previously considered non-commercial.
    – With these series of investments, IT and telecom, BFSI, real estate, and healthcare applications in North America are set to boom over the next five years.

    Market Dynamics: –

    • Drivers: (Developing regions and growing markets)
    • Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
    • Opportunities: (Regional, Growth Rate, Competitive, Consumption)

    The report provides key statistics on the market status of the Facility Management Market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the Facility Management .

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    Report Objectives:

    • Analyzing the size of the Facility Management market on the basis of value and volume.
    • Accurately calculating the market segments, consumption, and other dynamic factors of different sections of the global Facility Management market.
    • Determining the key dynamics of the Facility Management market.
    • Highlighting significant trends of the Facility Management market in terms of manufacture, revenue, and sales.
    • Deeply summarizing top players of the Facility Management market and showing how they compete in the industry.
    • Studying industry processes and costs, product pricing, and various trends related to them.
    • Displaying the performance of different regions and countries in the global Facility Management market.

    Detailed TOC of Facility Management Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Introduction to Market Drivers and Restraints
    4.3 Market Drivers
    4.3.1 Emergence of Cloud-Based Services
    4.3.2 Changing Work Culture in Organizations
    4.4 Market Restraints
    4.4.1 Lack of Managerial Awareness
    4.5 Value Chain Analysis
    4.6 Industry Attractiveness – Porter’s Five Forces Analysis
    4.6.1 Threat of New Entrants
    4.6.2 Bargaining Power of Buyers/Consumers
    4.6.3 Bargaining Power of Suppliers
    4.6.4 Threat of Substitute Products
    4.6.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Type
    5.1.1 Single
    5.1.2 Bundled
    5.1.3 IFM
    5.2 By Service
    5.2.1 Professional Services
    5.2.2 Managed Services
    5.3 By Solution
    5.3.1 Strategic Planning and Project Management
    5.3.2 Workplace and Relocation Management
    5.3.3 Sustainability Management
    5.3.4 Maintenance Management
    5.3.5 Other Solutions
    5.4 By End User
    5.4.1 IT and Telecommunications
    5.4.2 Healthcare
    5.4.3 Retail
    5.4.4 Education
    5.4.5 BFSI
    5.4.6 Other End Users
    5.5 Geography
    5.5.1 North America
    5.5.2 Europe
    5.5.3 Asia-Pacific
    5.5.4 Latin America
    5.5.5 Middle East & Africa

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 Archibus Inc.
    6.1.2 CA Technologies
    6.1.3 FM System Inc.
    6.1.4 IBM Corporation
    6.1.5 iOffice Corporation
    6.1.6 Oracle Corporation
    6.1.7 Planon Corporation
    6.1.8 SAP SE
    6.1.9 Satnav Technologies
    6.1.10 Trimble Navigation Ltd

    7 INVESTMENT ANALYSIS

    8 MARKET OPPORTUNITIES AND FUTURE TRENDS

     

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