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.

Top Facility Management Companies include

• CBRE Group, Inc. (US)
• Jones Lang LaSalle Inc (US)
• IBM Corporation (US)
• SAP SE (Germany)
• Planon (Netherlands) and many more....

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.

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

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.

IBM Corporation

IBM Corporation is a significant player in the Facility Management Market, offering innovative solutions that leverage advanced technologies such as AI, IoT, and data analytics. IBM's offerings in this market include IBM TRIRIGA, an integrated workplace management system (IWMS) that helps organizations optimize their real estate portfolios, manage facilities, and enhance operational efficiency. By integrating predictive analytics and cognitive computing, IBM's facility management solutions enable proactive maintenance, energy management, and space optimization, thereby helping organizations reduce costs, improve sustainability, and enhance the overall workplace experience.

SAP SE

SAP SE is a key player in the Facility Management Market, providing comprehensive solutions designed to streamline and enhance facility operations. SAP's offerings include the SAP Real Estate Management application, which integrates with their SAP S/4HANA platform to deliver robust functionalities for property management, maintenance, and lease administration. By leveraging advanced analytics, IoT, and machine learning, SAP enables organizations to optimize building performance, reduce operational costs, and improve the efficiency and sustainability of facility management processes. This holistic approach helps businesses maintain high standards of safety, compliance, and occupant satisfaction.

Planon

Planon is a prominent player in the Facility Management Market, offering innovative software solutions that enhance the efficiency and effectiveness of facility and real estate management. Their integrated workplace management system (IWMS) includes modules for maintenance management, space and workplace management, real estate management, and sustainability. Planon's platform helps organizations streamline operations, improve asset performance, and reduce costs through data-driven insights and automation. With a strong focus on sustainability and digital transformation, Planon supports businesses in optimizing their facility management processes to create smarter, more sustainable buildings and workspaces.

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