CBRE Group, Inc. (US) and Jones Lang LaSalle Inc (US) are leading players in Facility Management Market
The global facility management market size is projected to grow from USD 45.6 billion in 2023 to USD 94.8 billion by 2028, at a Compound Annual Growth Rate (CAGR) of 13.8%. The adoption of facility management solutions is experiencing an increasing trend driven by the convergence of technological advancements, changing workplace dynamics, and the growing emphasis on operational efficiency and sustainability.
Key and innovative vendors in the facility management market include IBM Corporation (US), Oracle Corporation (US), SAP SE (Germany), CBRE Group, Inc. (US), Jones Lang LaSalle Inc (US), Trimble Inc. (US), Nemetschek SE (Germany), Fortive (US), Infor Inc. (US), MRI Software LLC (US), Eptura (US), Planon (Netherlands), Johnson Controls International (Ireland), Apleona GmbH (Germany), Cushman & Wakefield plc (US), Causeway Technologies Limited (UK), Service Works Global Limited (UK), Facilities Management eXpress LLC. (US), Archidata International Inc (Canada), UpKeep Technologies, Inc. (US), FacilityOne Technologies (US), OfficeSpace Software, Inc. (US), Facilio.Inc (US), efacility (Switzerland), InnoMaint (India), Nuvolo (US), QuickFMS (India), and zLink (US). The market players have adopted various strategies such as development of advanced products, partnerships, contracts, expansions, and acquisitions to strengthen their position in the facility mangement market. The organic and inorganic strategies have helped the market players expand globally by providing advanced facility mangement solutions.
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CBRE Group
CBRE Group is a prominent American commercial real estate services and investment firm. The abbreviation CBRE stands for Coldwell Banker Richard Ellis. Notably, CBRE is recognized as the largest commercial real estate services and investment firm globally. CBRE provides a wide range of services to occupiers and investors of real estate, including facilities management, project management, property sales and leasing, loan origination and servicing, investment management, valuation and development services, and workspace solutions. CBRE is a leading player in the global commercial real estate market. Through the integrated management approach, the company provides facilities management solutions that streamline and enhance the operations. its end-to-end operating model integrates people, assets, data, technology, budgets, contracts, and its global supply chain to ensure performance and improved business productivity. The company’s solutions are tailored to meet the specific needs of diverse clients, including multinational enterprises, local single-market companies, on-demand facility support, data centers, and critical operations. It has a global presence in Americas, Europe, Asia Pacific and Middle East and Africa.
Jones Lang LaSalle
Jones Lang LaSalle provides comprehensive integrated real estate and investment management expertise on a local, regional, and global level to owner, occupier, and investor clients. The company is at the forefront of property and facility management services, with a managed portfolio of approximately 4.6 billion square feet worldwide as of December 31, 2022. The company caters to diverse clients from various industries and global markets. Its clients come in all sizes and encompass both for-profit and not-for-profit organizations, as well as public-private partnerships and governmental entities. At LaSalle, it offers real estate investment management services on a global scale, serving both public and private assets. It has a global presence in the Americas, Europe, Asia Pacific, Middle East and Africa.
Related Reports:
Facility Management Market by Offering (Solutions (IWMS, BIM, Facility Operations & Security Management) and Services), Vertical (BFSI, Retail, Construction & Real Estate, Healthcare & Life sciences) and Region - Global Forecast to 2028
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