HOME Top Market Reports Facility Management Market by Solution (IWMS, BIM, Operations & Security, Environment, Property Management), Service (Auditing & Quality Assessment, SLA Management), Deployment Type, Organization Size, Vertical, and Region - Global Forecast to 2023

Facility Management Market by Solution (IWMS, BIM, Operations & Security, Environment, Property Management), Service (Auditing & Quality Assessment, SLA Management), Deployment Type, Organization Size, Vertical, and Region - Global Forecast to 2023

By: marketsandmarkets.com
Publishing Date: April 2018
Report Code: TC 2470

 

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The facility management market size is expected to grow from USD 32.21 Billion in 2017 to USD 59.33 Billion by 2023, at a Compound Annual Growth Rate (CAGR) of 11.4% during the forecast period. The base year considered for the study is 2017 and the forecast period is from 2018 to 2023.

Objectives of the Study

The main objective of the report is to define, describe, and forecast the facility management market size by solutions, services, organization size, deployment types, verticals, and regions. The report provides detailed information on the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market. The report attempts to forecast the market size with respect to the 5 main regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. The report strategically profiles the key market players and comprehensively analyzes their core competencies. It also tracks and analyzes the competitive developments, such as joint ventures, mergers and acquisitions, and new product developments, in the market.

The research methodology used to estimate and forecast the facility management market size began with the collection and analysis of data on the key vendor revenues through secondary sources, including the annual reports and press releases, investor presentations, conferences and associations (Facilities Management Conference 2017, Reliability and Maintainability Symposium, Workplace Futures Conference 2017, and BMAM Expo Asia 2017), technology journals, certified publications, articles from recognized authors, directories, and databases. The vendor offerings were also taken into consideration to determine the market segmentations. The bottom-up procedure was employed to arrive at the overall market size of the market from the revenue of the key players and their market shares. The facility management market spending across all the regions, along with the geographic split in various verticals, was considered to arrive at the overall market size. After arriving at the overall market size, the total market was split into several segments and subsegments, which were then verified through primary research by conducting extensive interviews with key people, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), directors, and executives. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all the segments and subsegments. The breakdown of the profiles of the primary participants is depicted in the following figure:

Facilities Management Market

To know about the assumptions considered for the study, download the pdf brochure

The facility management market includes various vendors providing facility management solutions and services to commercial clients across the globe. Major vendors, such as IBM (US), Oracle (US), SAP (Germany), MCS Solutions (Belgium), ARCHIBUS (US), Trimble (US), CA Technologies (US), Accruent (US), Planon (Netherlands), FM:Systems (US), iOFFICE (US), Maintenance Connection (US), JadeTrack (US), MetricStream (US), Facility Management eXpress (US), eMaint (US), Hippo CMMS (Canada), FSI (England), Indus Systems (US), Autodesk (US), Nemetschek (Germany), Archidata (Canada), OfficeSpace (US), FacilityONE Technologies (US), and Apleona (Germany), have adopted partnerships, agreements, and collaborations as key strategies to expand their market reach.

Key Target Audience

  • Facility management solution providers
  • Managed service providers
  • Integration service providers
  • Cloud service providers
  • Facility management service providers
  • Building automation solution providers
  • Architects, engineers, and contractors
  • Consultancy firms and advisory firms
  • Regulatory agencies
  • Technology consultants
  • Governments

The study answers several questions for the stakeholders, primarily, which market segments to focus on in the next 2 to 5 years for prioritizing efforts and investments.

Scope of the Report

The research report segments the facility management market into the following submarkets:

By Solutions:

  • Integrated Workplace Management System
  • Building Information Modeling
  • 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

By Service:

  • Deployment and Integration
  • Consulting
  • Auditing and Quality Assessment
  • Support and Maintenance
  • SLA Management

By Deployment Type:

  • On-Premises
  • Cloud

By Organization Size:

  • SMEs
  • Large Enterprises

By Vertical:

  • BFSI
  • IT and Telecom
  • Government and Public Administration
  • Healthcare
  • Education
  • Retail
  • Energy and Utilities
  • Manufacturing
  • Construction and Real Estate
  • Others

By Region:

  • North America
  • Europe
  • APAC
  • MEA
  • Latin America

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Geographic Analysis

  • Further breakdown of the market in the US and Canada into solutions, services, organization size, deployment type, and vertical.
  • Further breakdown of the market in the UK, Germany, and France into solutions, services, organization size, deployment type, and vertical.

Company Information

  • Detailed analysis and profiling of additional market players

Table of Contents

1 Introduction (Page No. - 19)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
    1.4 Years Considered for the Study
    1.5 Currency Considered
    1.6 Stakeholders

2 Research Methodology (Page No. - 22)
    2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Primary Data
                    2.1.2.1 Breakdown of Primaries
                    2.1.2.2 Key Industry Insights
    2.2 Market Size Estimation
    2.3 Research Assumptions
    2.4 Limitations

3 Executive Summary (Page No. - 30)

4 Premium Insights (Page No. - 33)
    4.1 Attractive Market Opportunities in the Facility Management Market
    4.2 Market By Vertical and Region
    4.3 Market By Region
    4.4 Market: Investment Scenario

5 Market Overview (Page No. - 36)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Need to Maintain Environmental and Regulatory Compliance
                    5.2.1.2 Increasing Demand for Integrated Facility Management to Achieve Economies of Scale
                    5.2.1.3 Changing Focus to Virtual Workplace and Mobility
                    5.2.1.4 Increasing Development of the Sustainable Infrastructure
                    5.2.1.5 Emergence of the Saas Deployment Model
                    5.2.1.6 Growing Adoption of IoT and Connected Devices for Building Automation
           5.2.2 Restraints
                    5.2.2.1 Lack of Managerial Awareness and Dependency on the In-House Facility Management Team
           5.2.3 Opportunities
                    5.2.3.1 Integration of Bim With Facility Management Solutions
                    5.2.3.2 Implementation of the Digital Twin Technology for Facility Asset Management
           5.2.4 Challenges
                    5.2.4.1 Integration of Facility Management With Legacy ERP Systems
                    5.2.4.2 Lack of Skills and Expertise
           5.2.5 Facility Management, By Type
                    5.2.5.1 In-House Facility Management
                    5.2.5.2 Outsourced Facility Management
                    5.2.5.3 Integrated Facility Management
           5.2.6 Technology Trends
                    5.2.6.1 Cognitive Computing
                    5.2.6.2 IoT and Analytics
                    5.2.6.3 Augmented Reality
                    5.2.6.4 Robotics and Drones
           5.2.7 Standards and Guidelines for Facility Management
                    5.2.7.1 International Organization for Standardization (ISO)
                    5.2.7.2 British Standards Institution (BSI)
                    5.2.7.3 European Committee for Standardization (CEN)
                    5.2.7.4 FMMS
                    5.2.7.5 South African Bureau of Standards (SABS)

6 Facility Management Market, By Solution (Page No. - 44)
    6.1 Introduction
    6.2 Integrated Workplace Management System
    6.3 Building Information Modeling
    6.4 Facility Operations and Security Management
           6.4.1 Lighting Control
           6.4.2 HVAC Control
           6.4.3 Video Surveillance and Access Control
           6.4.4 Emergency and Incident Management
    6.5 Facility Environment Management
           6.5.1 Sustainability Management
           6.5.2 Waste Management
    6.6 Facility Property Management
           6.6.1 Lease Accounting and Real Estate Management
           6.6.2 Asset Maintenance Management
           6.6.3 Workspace and Relocation Management
           6.6.4 Reservation Management

7 Facility Management Market, By Service (Page No. - 61)
    7.1 Introduction
    7.2 Deployment and Integration
           7.2.1 System Integration
           7.2.2 Implementation
    7.3 Consulting
           7.3.1 Facility Operations Consulting
           7.3.2 Financial Consulting
           7.3.3 Facility Technology Consulting
    7.4 Auditing and Quality Assessment
    7.5 Support and Maintenance
           7.5.1 On-Demand Maintenance
           7.5.2 Preventive Maintenance
           7.5.3 Predictive Maintenance
    7.6 Service Level Agreement Management

8 Facility Management Market, By Deployment Type (Page No. - 69)
    8.1 Introduction
    8.2 On-Premises
    8.3 Cloud

9 Market By Organization Size (Page No. - 73)
    9.1 Introduction
    9.2 Small and Medium-Sized Enterprises
    9.3 Large Enterprises

10 Facility Management Market, By Vertical (Page No. - 77)
     10.1 Introduction
     10.2 Banking, Financial Services, and Insurance
     10.3 IT and Telecom
     10.4 Government and Public Administration
     10.5 Healthcare
     10.6 Education
     10.7 Retail
     10.8 Energy and Utilities
     10.9 Manufacturing
     10.10 Construction and Real Estate
     10.11 Others

11 Facility Management Market, By Region (Page No. - 89)
     11.1 Introduction
     11.2 North America
     11.3 Europe
     11.4 Asia Pacific
     11.5 Middle East and Africa
     11.6 Latin America

12 Competitive Landscape (Page No. - 116)
     12.1 Overview
     12.2 Market Ranking Analysis
     12.3 Competitive Scenario
             12.3.1 New Product Launches
             12.3.2 Business Expansions
             12.3.3 Mergers and Acquisitions
             12.3.4 Agreements, Collaborations, and Partnerships

13 Company Profiles (Page No. - 120)
(Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View)*
     13.1 IBM
     13.2 Oracle
     13.3 SAP
     13.4 Archibus
     13.5 Trimble
     13.6 CA Technologies
     13.7 Accruent
     13.8 Planon
     13.9 FM:Systems
     13.10 Ioffice
     13.11 Maintenance Connection
     13.12 MCS Solutions
     13.13 Jadetrack
     13.14 Metricstream
     13.15 Facilities Management Express
     13.16 Emaint
     13.17 Hippo Cmms
     13.18 Apleona
     13.19 FSI
     13.20 Indus Systems
     13.21 Autodesk
     13.22 Nemetschek
     13.23 Archidata
     13.24 Officespace
     13.25 Facilityone Technologies

*Details on Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

14 Appendix (Page No. - 186)
     14.1 Industry Experts
     14.2 Discussion Guide
     14.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     14.4 Introducing RT: Real-Time Market Intelligence
     14.5 Available Customizations
     14.6 Related Reports
     14.7 Author Details


List of Tables (86 Tables)

Table 1 Facility Management Market Size and Growth Rate, 2016–2023 (USD Million, Y-O-Y %)
Table 2 Market Size By Solution, 2016–2023 (USD Million)
Table 3 Integrated Workplace Management System: Market Size By Region, 2016–2023 (USD Million)
Table 4 Building Information Modeling: Market Size By Region, 2016–2023 (USD Million)
Table 5 Facility Operations and Security Management: Market Size By Type, 2016–2023 (USD Million)
Table 6 Lighting Control Market Size, By Region, 2016–2023 (USD Million)
Table 7 HVAC Control Market Size, By Region, 2016–2023 (USD Million)
Table 8 Video Surveillance and Access Control Market Size, By Region, 2016–2023 (USD Million)
Table 9 Emergency and Incident Management Market Size, By Region, 2016–2023 (USD Million)
Table 10 Facility Environment Management: Market Size By Type, 2016–2023 (USD Million)
Table 11 Sustainability Management Market Size, By Region, 2016–2023 (USD Million)
Table 12 Waste Management Market Size, By Region, 2016–2023 (USD Million)
Table 13 Facility Property Management: Market Size By Type, 2016–2023 (USD Million)
Table 14 Lease Accounting and Real Estate Management Market Size, By Region, 2016–2023 (USD Million)
Table 15 Asset Maintenance Management Market Size, By Region, 2016–2023 (USD Million)
Table 16 Workspace and Relocation Management Market Size, By Region, 2016–2023 (USD Million)
Table 17 Reservation Management Market Size, By Region, 2016–2023 (USD Million)
Table 18 Facility Management Market Size, By Service, 2016–2023 (USD Million)
Table 19 Deployment and Integration: Market Size By Region, 2016–2023 (USD Million)
Table 20 Consulting: Market Size By Region, 2016–2023 (USD Million)
Table 21 Auditing and Quality Assessment: Market Size By Region, 2016–2023 (USD Million)
Table 22 Support and Maintenance: Market Size By Region, 2017–2023 (USD Million)
Table 23 Service Level Agreement Management: Market Size By Region, 2016–2023 (USD Million)
Table 24 Facility Management Market Size, By Deployment Type, 2016–2023 (USD Million)
Table 25 On-Premises: Market Size By Region, 2016–2023 (USD Million)
Table 26 Cloud: Market Size By Region, 2016–2023 (USD Million)
Table 27 Facility Management Market Size, By Organization Size, 2016–2023 (USD Million)
Table 28 Small and Medium-Sized Enterprises: Market Size By Region, 2016–2023 (USD Million)
Table 29 Large Enterprises: Market Size By Region, 2016–2023 (USD Million)
Table 30 Facility Management Market Size, By Vertical, 2016–2023 (USD Million)
Table 31 Banking, Financial Services, and Insurance: Market Size By Region, 2016–2023 (USD Million)
Table 32 IT and Telecom: Market Size By Region, 2016–2023 (USD Million)
Table 33 Government and Public Administration: Market Size By Region, 2016–2023 (USD Million)
Table 34 Healthcare: Market Size By Region, 2016–2023 (USD Million)
Table 35 Education: Market Size By Region, 2016–2023 (USD Million)
Table 36 Retail: Market Size By Region, 2016–2023 (USD Million)
Table 37 Energy and Utilities: Market Size By Region, 2016–2023 (USD Million)
Table 38 Manufacturing: Market Size, By Region, 2016–2023 (USD Million)
Table 39 Construction and Real Estate: Market Size By Region, 2016–2023 (USD Million)
Table 40 Others: Market Size By Region, 2016–2023 (USD Million)
Table 41 Facility Management Market Size, By Region, 2016–2023 (USD Million)
Table 42 North America: Market Size By Solution, 2016–2023 (USD Million)
Table 43 North America: Market Size By Facility Operations and Security Management Solution, 2016–2023 (USD Million)
Table 44 North America: Market Size By Facility Environment Management Solution, 2016–2023 (USD Million)
Table 45 North America: Market Size By Facility Property Management Solution, 2016–2023 (USD Million)
Table 46 North America: Market Size By Service, 2016–2023 (USD Million)
Table 47 North America: Market Size By Deployment Type, 2016–2023 (USD Million)
Table 48 North America: Market Size By Organization Size, 2016–2023 (USD Million)
Table 49 North America: Market Size By Vertical, 2016–2023 (USD Million)
Table 50 Europe: Facility Management Market Size, By Solution, 2016–2023 (USD Million)
Table 51 Europe: Market Size By Facility Operations and Security Management Solution, 2016–2023 (USD Million)
Table 52 Europe: Market Size By Facility Environment Management Solution, 2016–2023 (USD Million)
Table 53 Europe: Market Size By Facility Property Management Solution, 2016–2023 (USD Million)
Table 54 Europe: Market Size By Service, 2016–2023 (USD Million)
Table 55 Europe: Market Size By Deployment Type, 2016–2023 (USD Million)
Table 56 Europe: Market Size By Organization Size, 2016–2023 (USD Million)
Table 57 Europe: Market Size By Vertical, 2016–2023 (USD Million)
Table 58 Asia Pacific: Facility Management Market Size, By Solution, 2016–2023 (USD Million)
Table 59 Asia Pacific: Market Size By Facility Operations and Security Management Solution, 2016–2023 (USD Million)
Table 60 Asia Pacific: Market Size By Facility Environment Management Solution, 2016–2023 (USD Million)
Table 61 Asia Pacific: Market Size By Facility Property Management Solution, 2016–2023 (USD Million)
Table 62 Asia Pacific: Market Size By Service, 2016–2023 (USD Million)
Table 63 Asia Pacific: Market Size By Deployment Type, 2016–2023 (USD Million)
Table 64 Asia Pacific: Market Size By Organization Size, 2016–2023 (USD Million)
Table 65 Asia Pacific: Market Size By Vertical, 2016–2023 (USD Million)
Table 66 Middle East and Africa: Facility Management Market Size, By Solution, 2016–2023 (USD Million)
Table 67 Middle East and Africa: Market Size By Facility Operations and Security Management Solution, 2016–2023 (USD Million)
Table 68 Middle East and Africa: Market Size By Facility Environment Management Solution, 2016–2023 (USD Million)
Table 69 Middle East and Africa: Market Size By Facility Property Management Solution, 2016–2023 (USD Million)
Table 70 Middle East and Africa: Market Size By Service, 2016–2023 (USD Million)
Table 71 Middle East and Africa: Market Size By Deployment Type, 2016–2023 (USD Million)
Table 72 Middle East and Africa: Market Size By Organization Size, 2016–2023 (USD Million)
Table 73 Middle East and Africa: Market Size By Vertical, 2016–2023 (USD Million)
Table 74 Latin America: Facility Management Market Size, By Solution, 2016–2023 (USD Million)
Table 75 Latin America: Market Size By Facility Operations and Security Management Solution, 2016–2023 (USD Million)
Table 76 Latin America: Market Size By Facility Environment Management Solution, 2016–2023 (USD Million)
Table 77 Latin America: Market Size By Facility Property Management Solution, 2016–2023 (USD Million)
Table 78 Latin America: Market Size By Service, 2016–2023 (USD Million)
Table 79 Latin America: Market Size By Deployment Type, 2016–2023 (USD Million)
Table 80 Latin America: Market Size By Organization Size, 2016–2023 (USD Million)
Table 81 Latin America: Market Size By Vertical, 2016–2023 (USD Million)
Table 82 Market Ranking for the Facility Management Market, 2018
Table 83 New Product Launches, 2014–2018
Table 84 Business Expansions, 2014–2018
Table 85 Mergers and Acquisitions, 2014–2018
Table 86 Partnerships, Agreements, and Collaborations, 2014–2018


List of Figures (44 Figures)

Figure 1 Facility Management Market Segmentation
Figure 2 Market Research Design
Figure 3 Breakdown of Primary Interviews: By Company, Designation, and Region
Figure 4 Data Triangulation
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 Facility Management Market: Research Assumptions
Figure 8 Market Top 3 Segments, 2018
Figure 9 Market By Organization Size, 2018
Figure 10 The Need to Maintain Environmental and Regulatory Compliance, and the Growing Adoption of IoT and Analytics are Expected to Drive the Facility Management Market Growth
Figure 11 IT and Telecom Vertical, and North America are Estimated to Have the Largest Market Shares in 2018
Figure 12 North America is Expected to Have the Largest Market Size During the Forecast Period
Figure 13 Middle East and Africa is Expected to Emerge as the Best Market for Investments in the Next 5 Years
Figure 14 Facility Management Market: Drivers, Restraints, Opportunities, and Challenges
Figure 15 Facility Property Management Segment is Expected to Have the Largest Market Size During the Forecast Period
Figure 16 Europe is Expected to Have the Largest Market Share in the Integrated Workplace Management System Segment During the Forecast Period
Figure 17 Middle East and Africa is Expected to Register the Highest CAGR in the Building Information Modeling Segment During the Forecast Period
Figure 18 HVAC Control Segment is Expected to Register the Highest CAGR in the Facility Operations and Security Management Segment During the Forecast Period
Figure 19 Sustainability Management Segment is Expected to Have the Largest Market Size in the Facility Environment Management Segment During the Forecast Period
Figure 20 Asset Maintenance Management Segment is Expected to Grow at the Highest CAGR in the Facility Property Management Segment During the Forecast Period
Figure 21 Deployment and Integration Segment is Expected to Have the Largest Market Size During the Forecast Period
Figure 22 Asia Pacific is Expected to Have the Largest Market Size in the Consulting Segment During the Forecast Period
Figure 23 On-Premises Deployment Type is Expected to Have the Larger Market Size During the Forecast Period
Figure 24 Large Enterprises Segment is Expected to Have the Larger Market Size During the Forecast Period
Figure 25 Retail Vertical is Expected to Register the Highest CAGR During the Forecast Period
Figure 26 Middle East and Africa is Expected to Witness the Highest CAGR in the Construction and Real Estate Vertical During the Forecast Period
Figure 27 North America is Expected to Have the Largest Market Size During the Forecast Period
Figure 28 Middle East and Africa, and Asia Pacific are Expected to Be the Major Investment Hubs in the Facility Management Market During the Forecast Period
Figure 29 North America: Market Snapshot
Figure 30 Facility Operations and Security Management Segment is Expected to Exhibit the Highest CAGR During the Forecast Period
Figure 31 Asia Pacific: Market Snapshot
Figure 32 Key Development By the Leading Players in the Facility Management Market for 2014–2018
Figure 33 IBM: Company Snapshot
Figure 34 IBM: SWOT Analysis
Figure 35 Oracle: Company Snapshot
Figure 36 Oracle: SWOT Analysis
Figure 37 SAP: Company Snapshot
Figure 38 SAP: SWOT Analysis
Figure 39 Trimble: Company Snapshot
Figure 40 Trimble: SWOT Analysis
Figure 41 CA Technologies: Company Snapshot
Figure 42 CA Technologies: SWOT Analysis
Figure 43 Autodesk: Company Snapshot
Figure 44 Nemetschek: Company Snapshot

MarketsandMarkets expects the global market size to grow from USD 34.65 Billion in 2018 to USD 59.33 Billion by 2023, at a Compound Annual Growth Rate (CAGR) of 11.4% during the forecast period. The major growth factors for the market include growth in the development of sustainable infrastructure, and in the adoption of IoT and connected devices for building automation across industry verticals. Moreover, an increasing need to meet environmental and regulatory compliance, and spur in the demand for integrated facility management to achieve economies of scale are also driving the market. The facility management market is segmented on the basis of solutions, services, organization size, deployment types, verticals, and regions.

In the solutions segment, the facility property management subsegment is expected to hold the largest market share. Facility property management solutions help enterprises derive tangible value from their business operations, by enhancing their efficiency and effectiveness. These solutions are further segmented into lease accounting and real estate management, asset maintenance management, workspace and relocation management, and reservation management. Moreover, in the solutions segment, the IWMS subsegment is expected to grow at the highest rate; IWMS is an integrated solution that supports processes in facility management and real estate management. IWMS provides an extensive range of facility management tools under a single, unified software platform. It increases visibility, control, and automation of enterprise real estate management, capital project, space management, facility maintenance, and energy management requirements.

The service segment is divided into deployment and integration, consulting, auditing and quality assessment, support and maintenance, and SLA management. The SLA management segment is expected to grow at the highest rate attributed to the fact that facility management vendors enable their clients to maintain and manage all SLAs and further help facility management teams to monitor the availability and performance of their critical facility management SLAs. The deployment and integration service is expected to hold the largest market share in the service segment due to the fact that it enables identification of business processes, analysis of operational risks, and development of management plans and policies to improve facility performance and management. Moreover, facility management vendors assist enterprises in realizing a high Return on Investment (RoI), by offering multi-vendor application integration and reliable analysis of the centralized data.

The large enterprises segment is expected to hold a larger market share in the facility management market by organization size, mainly due to the fact that facility management solutions enable enterprises to monitor and regulate complex and huge facility infrastructures. In the deployment type segment, the cloud deployment type is expected to grow at a higher CAGR during the forecast period, mainly due to the fact that the cloud deployment model enables organizations to manage their costs but also helps them ensure improved business agility.

The IT and telecom vertical is expected to hold the largest market share in the facility management market. Enterprises in the banking vertical should manage multisite facilities and face various challenges in managing the operations processes of their facilities. Due to the distributed portfolio of locations, facility managers face challenges in managing the facilities at small, rarely visited remote sites, outside the major city hubs. Enterprises in the BFSI vertical have to deal with the maintenance and management of various real estate investments. Facility management solutions, such as IWMS and CMMS, strategically help facility management teams manage various operations processes, such as asset management, maintenance management, and space management.

Facilities Management Market

North America is the largest contributor to the facility management market in terms of market size, as it is a technologically advanced region. The top countries contributing to the market in this region are the US and Canada. Enterprises in the government and public administration vertical are also adopting facility management solutions, and the vertical would provide high opportunities for the growth of the market during the forecast period. The growth of the North American market can also be attributed to the increasing number of public-private partnership projects in the region. Growing redevelopments in the existing facilities, and rising population have increased the burden on the existing facilities.

The MEA region comprises major economies, such the United Arab Emirates (UAE), the Kingdom of Saudi Arabia (KSA), Qatar, Israel, and South Africa, which are expected to register high growth rate in the facility management market. The region has witnessed high adoption of tech-savvy solutions across various verticals. Mega infrastructure developments, such as Mohammed Bin Rashid City, Dubai Creek Harbor, Dubai Expo Site in UAE, Jazan Industrial City in KSA, QP District, and Doha Festival City in Qatar, have created growth opportunities for facility management providers in the MEA region.

Lack of managerial awareness and dependency on the in-house facility management team is expected to be the major restraining factor for the growth of the facility management market. However, the recent developments, new product launches, and acquisitions undertaken by the major market players are expected to boost the growth of the market.

The study measures and evaluates the major offerings and key strategies of the major market vendors, including IBM (US), Oracle (US), SAP (Germany), MCS Solutions (Belgium), ARCHIBUS (US), Trimble (US), CA Technologies (US), Accruent (US), Planon (Netherlands), FM:Systems (US), iOFFICE (US), Maintenance Connection (US), JadeTrack (US), MetricStream (US), Facility Management eXpress (US), eMaint (US), Hippo CMMS (Canada), FSI (England), Indus Systems (US), Autodesk (US), Nemetschek (Germany), Archidata (Canada), OfficeSpace (US), FacilityONE Technologies (US), and Apleona (Germany). These companies have been at the forefront in offering reliable facility management solutions and services to commercial clients across diverse locations.

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