Facility Management Market

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Facility Management Market - Global Industry Size, Share, Growth, Opportunity and Forecast, 2018-2028, Segmented By Type (Hard Services, Soft Services), By Service (In-House, Outsourced), By End User (Commercial and Retail, Manufacturing and Industrial, Government, Infrastructure, And Public Entities, Institutional, Others), By Region (North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle-East & Africa (MEA)

Published Date: April 2022
Report ID: BWC22131
Available Format: PDF
Page: 400

Report Overview

The global facility management market is growing at a high rate owing to increasing construction activities around the world, especially in emerging economies, on account of rising focus on infrastructure development...

Global Facility Management Market- Industry Trends & Forecast Report 2028

The global facility management market was worth USD 43.4 billion in 2021 and is further projected to reach USD 94.1 billion by the year 2028, growing at a CAGR of 12.20% during the forecast period. Expanding construction activities around the world, especially in emerging economies for infrastructural development along with flourishing tourism are emerging as the major factors boosting the market. Furthermore, the increasing adoption of technology in this industry such as the integration of IoT sensors and SaaS is anticipated to further fuel the market growth during the forecast period.

Facility Management Market

Facility Management - Overview

Facility management encompasses operations, communications, security, and various other aspects of managing a working or living environment. The term 'environment’ here refers to functions of infrastructure, real estate, buildings, and grounds. The FM services provided fall under several subcategories depending on the type of work they perform. The sub-segments are known as hard services and soft services. A hard service is a line of work that involves managing physical assets, while a soft service involves a set of duties performed by other people regularly.

Global Facility Management Market Forecast and Trends

Growth Drivers

Extensive And Increasing Construction Activities

The rising investment in infrastructural development and real-estate projects is significantly propelling the growth of the global facility management market. Emerging economies such as China, India, Japan, South Korea, etc., are significantly investing in the construction of various establishments such as railways, office buildings, schools, airports, shopping complexes, etc., which is fueling the demand for various soft and hard facility management services. Furthermore, the setup of new manufacturing plants by major manufacturers is also influencing the market growth.

Rising Adoption of Advanced Technologies

The flourishing adoption of advanced technologies including cloud computing, artificial intelligence, Internet of Things (IoT), etc., is providing significant growth opportunities to the facility management market. The constant launches of SaaS platforms are boosting the virtual accessibility of facility management services. These technologies also allow advanced security and remote management of material components and manpower which proves as an efficient tool for cost reductions. These advanced technologies also offer opportunities for disaster recovery, scalability, real-time collaborations, etc., which is propelling the overall market growth.

Restraints

Lack Of Awareness in the Unorganized Sector and Limited Technology Integration

The wide presence of the unorganized sector in most developed and developing countries acts as a major restraint for the growth of the global facility management market. The unorganized sectors have little to no compliance with the regulatory framework, thus, it voids the setup of legal contracts which may hinder the demand for facility management services. Furthermore, these regions also have limited access to advanced technologies such as IoT, which is further obstructing the facility management market growth.

Impact of COVID-19 on Facility Management Market

The global facility management market was among the worst affected industries due to the COVID-19 pandemic outbreak. The rapidly escalating COVID-19 cases around the world prompted the governments of various countries to impose strict lockdown and social distancing measures. This resulted in the halting or delaying of operations of different end user industries of facility management including construction, manufacturing, retail, commercial, etc. The commercial spaces including offices, hotels, airports, etc., were forced to close to prevent the community transmission of the virus. Due to this, the demand for facility management services witnessed a significant drop during the COVID-19 period, globally.

Global Facility Management Market - By Type

Based on type, the global facility management market is segmented into hard services and soft services. The hard services segment holds the largest market share owing to the high demand from the construction industry. These types of services include HVAC, mechanical, plumbing services, etc. The extensive construction activities for the development of commercial and industrial facilities in different parts of the world. On the other hand, the soft service segment is likely to grow substantially during the forecast period.

Global Facility Management Market - By Service

Based on service, the facility management market is segmented into in-house and outsourced. The in-house service segment accounts for the largest market share owing to the prominent demand for in-house soft services such as cleaning, security, post-management, etc., in the organized sector. These services are required almost regularly and therefore in-house services are most suitable and economical in the long run. However, the outsourced services segment is also growing at a substantial rate due to its cost-effectiveness and an increasing number of small and medium-sized enterprises.

Global Facility Management Market - Regional Insights

Geographically, the global facility management market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East & Africa. The Asia-Pacific region dominates the facility management market. The extensive and expanding construction activities in emerging economies including China, India, Japan, Thailand, etc., with public-private partnerships and investment, is significantly propelling the growth of the facility management market. Furthermore, the rising number of organized and unorganized facility management service providers in this region is anticipated to favor the market growth in the forecast period.

Competitive Landscape

The leading market players of the facility management market are Archibus Inc., Trimble Navigation Ltd, Broadcom Inc., Satnav Technologies, FM System Inc., SAP SE, IBM Corporation, Planon Corporation, iOffice Corporation, Oracle Corporation, CB Richard Ellis, Veolia Environment, Colliers International, Planon Corporation, Compass Group, Cushman & Wakefield, Jones Lang LaSalle Incorporated, GDI Integrated Facility Services, Inc., EMCOR Group, Inc., and other prominent players. The facility management market is consolidated with the presence of a handful of players operating in this industry. Market player are increasing their focus on expanding their offering with different types of services to support the needs of different types of industries. They also often engage in various competitive strategies such as partnerships, mergers, acquisitions, joint ventures, etc., to gain a market edge.

Recent Development

In October 2021, Al Asmakh Facilities Management and A to Z Services announced their intention to merge and create one of the largest facility management groups in Qatar.
In April 2021, Honeywell, a US-based multinational conglomerate, announced itself as the facility services provider for the USD 1.5 billion new Footscray Hospital Project, the largest single health infrastructure investment in the state of Victoria.

Scope of the Report

Attributes	Details
Years Considered	Historical data – 2018-2021
	Base Year – 2021
	Forecast – 2022 – 2028
Facts Covered	Revenue in USD Billion
Market Coverage	U.S, Canada, Germany, UK, France, Italy, Spain, Brazil, Mexico, Japan, South Korea, China, India, UAE, South Africa, Saudi Arabia
Product Service/Segmentation	By Type, By Service, By End User, By Region
Key Players	Archibus Inc., Trimble Navigation Ltd, Broadcom Inc., Satnav Technologies, FM System Inc., SAP SE, IBM Corporation, Planon Corporation, iOffice Corporation, Oracle Corporation, CB Richard Ellis, Veolia Environment, Colliers International, Planon Corporation, Compass Group, Cushman & Wakefield, Jones Lang LaSalle Incorporated, GDI Integrated Facility Services, Inc., EMCOR Group, Inc., and other prominent players.

By Type

Hard Services
Soft Services

By Service

In-House
Outsourced

By End User

Commercial and Retail
Manufacturing and Industrial
Government Infrastructure and Public Entities
Institutional
Others

By Region

North America
Europe
Asia-Pacific (APAC)
Latin America (LATAM)
Middle-East & Africa (MEA)

Research Framework
1. Research Objective
2. Product Overview
3. Market Segmentation
Research Methodology
1. Qualitative Research
  1. Primary & Secondary Research
2. Quantitative Research
3. Market Breakdown & Data Triangulation
  1. Secondary Research
  2. Primary Research
4. Breakdown of Primary Research Respondents, By Region
5. Assumption & Limitation
Executive Summary
Global Facility Management Market Insights
1. Industry Value Chain Analysis
2. DROC Analysis
  1. Growth Drivers
  2. Restraints
  3. Opportunities
  4. Challenges
3. Technological Landscape/Recent Development
4. Regulatory Framework
5. Porter’s Five Forces Analysis
  1. Bargaining Power of Suppliers
  2. Bargaining Power of Buyers
  3. Threat of New Entrants
  4. Threat of Substitutes
  5. Intensity of Rivalry
Global Facility Management Market Overview
1. Market Size & Forecast by Value, 2018-2028
  1. By Value (USD Million)
2. Market Share & Forecast
  1. By Component
    1. Solutions
    2. Services
  2. By Deployment Mode
    1. Cloud
    2. On-premises
  3. By Organization Size
    1. Large Enterprises
    2. Small and Medium Enterprises
  4. By Vertical
    1. BFSI
    2. IT and Telecom
    3. Government and Public Administration
    4. Healthcare
    5. Education
    6. Others
  5. By Region
    1. North America
    2. Europe
    3. Asia-Pacific
    4. Latin America
    5. Middle-East and Africa
North America Facility Management Market
1. Market Size & Forecast by Value, 2018-2028
  1. By Value (USD Million)
2. Market Share & Forecast
  1. By Component
  2. By Deployment Mode
  3. By Organization Size
  4. By Vertical
  5. By Country
    1. United States
    2. Canada
Europe Facility Management Market
1. Market Size & Forecast by Value, 2018-2028
  1. By Value (USD Million)
2. Market Share & Forecast
  1. By Component
  2. By Deployment Mode
  3. By Organization Size
  4. By Vertical
  5. By Country
    1. Germany
    2. United Kingdom
    3. Italy
    4. France
    5. Spain
    6. Rest of Europe
Asia Pacific Facility Management Market
1. Market Size & Forecast by Value, 2018-2028
  1. By Value (USD Million)
2. Market Share & Forecast
  1. By Component
  2. By Deployment Mode
  3. By Organization Size
  4. By Vertical
  5. By Country
    1. China
    2. India
    3. Japan
    4. South Korea
    5. Rest of Asia Pacific
Latin America Facility Management Market
1. Market Size & Forecast by Value, 2018-2028
  1. By Value (USD Million)
2. Market Share & Forecast
  1. By Component
  2. By Deployment Mode
  3. By Organization Size
  4. By Vertical
  5. By Country
    1. Brazil
    2. Mexico
    3. Rest of Latin America
Middle-East & Africa Facility Management Market
1. Market Size & Forecast by Value, 2018-2028
  1. By Value (USD Million)
2. Market Share & Forecast
  1. By Component
  2. By Deployment Mode
  3. By Organization Size
  4. By Vertical
  5. By Country
    1. Saudi Arabia
    2. UAE
    3. South Africa
    4. Rest of Middle East & Africa
Competitive Landscape
1. List of Key Players and Their Offerings
2. Market Share Analysis, 2021
3. Competitive Benchmarking, By Operating Parameters
4. Key Strategic Development (Merger, Acquisition, Partnership.)
Impact of COVID-19 on Facility Management Industry
Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) **
1. Business Machines Corporation
2. Oracle Corporation
3. SAP SE
4. Trimble Inc.
5. Fortive
6. MRI Software LLC
7. Planon
8. Infor
9. Service Works Global
10. Facilities Management eXpress
11. Causeway Technologies
12. FM:Systems
13. Spacewell International
14. iOFFICE + SpaceIQ
15. Archidata Inc.
16. JadeTrack Energy Management Software
17. UpKeep Maintenance Management
18. Apleona GmbH
19. FacilityONE Technologies LLC
20. Other Prominent Players
Key Strategic Recommendations

List of Figures

Figure 1 Global Facility Management Market Segmentation

Figure 2 Global Facility Management Market Value Chain Analysis

Figure 3 Company Market Share Analysis, 2021

Figure 4 Global Facility Management Market Size, By Value (USD Million), 2018-2028

Figure 5 Global Facility Management Market Share, By Component, By Value, 2018-2028

Figure 6 Global Facility Management Market Share, By Deployment Mode, By Value, 2018-2028

Figure 7 Global Facility Management Market Share, By Organization Size, By Value, 2018-2028

Figure 8 Global Facility Management Market Share, By Vertical, By Value, 2018-2028

Figure 9 Global Facility Management Market Share, By Region, By Value, 2018-2028

Figure 10 North America Facility Management Market Size, By Value (USD Million), 2018-2028

Figure 11 North America Facility Management Market Share, By Component, By Value, 2018-2028

Figure 12 North America Facility Management Market Share, By Deployment Mode, By Value, 2018-2028

Figure 13 North America Facility Management Market Share, By Organization Size, By Value, 2018-2028

Figure 14 North America Facility Management Market Share, By Vertical, By Value, 2018-2028

Figure 15 North America Facility Management Market Share, By Country, By Value, 2018-2028

Figure 16 Europe Facility Management Market Size, By Value (USD Million), 2018-2028

Figure 17 Europe Facility Management Market Share, By Component, By Value, 2018-2028

Figure 18 Europe Facility Management Market Share, By Deployment Mode, By Value, 2018-2028

Figure 19 Europe Facility Management Market Share, By Organization Size, By Value, 2018-2028

Figure 20 Europe Facility Management Market Share, By Vertical, By Value, 2018-2028

Figure 21 Europe Facility Management Market Share, By Country, By Value, 2018-2028

Figure 22 The Asia-Pacific Facility Management Market Size, By Value (USD Million), 2018-2028

Figure 23 The Asia-Pacific Facility Management Market Share, By Component, By Value, 2018-2028

Figure 24 The Asia-Pacific Facility Management Market Share, By Deployment Mode, By Value, 2018-2028

Figure 25 The Asia-Pacific Facility Management Market Share, By Organization Size, By Value, 2018-2028

Figure 26 The Asia-Pacific Facility Management Market Share, By Vertical, By Value, 2018-2028

Figure 27 The Asia-Pacific Facility Management Market Share, By Country, By Value, 2018-2028

Figure 28 Latin America Facility Management Market Size, By Value (USD Million), 2018-2028

Figure 29 Latin America Facility Management Market Share, By Component, By Value, 2018-2028

Figure 30 Latin America Facility Management Market Share, By Deployment Mode, By Value, 2018-2028

Figure 31 Latin America Facility Management Market Share, By Organization Size, By Value, 2018-2028

Figure 32 Latin America Facility Management Market Share, By Vertical, By Value, 2018-2028

Figure 33 Latin America Facility Management Market Share, By Country, By Value, 2018-2028

Figure 34 The Middle East & Africa Facility Management Market Size, By Value (USD Million), 2018-2028

Figure 35 The Middle East & Africa Facility Management Market Share, By Component, By Value, 2018-2028

Figure 36 The Middle East & Africa Facility Management Market Share, By Deployment Mode, By Value, 2018-2028

Figure 37 The Middle East & Africa Facility Management Market Share, By Organization Size, By Value, 2018-2028

Figure 38 The Middle East & Africa Facility Management Market Share, By Vertical, By Value, 2018-2028

Figure 39 The Middle East & Africa Facility Management Market Share, By Country, By Value, 2018-2028

List of Tables

Table 1 Global Facility Management Market Size, By Component, By Value, 2018-2028

Table 2 Global Facility Management Market Size, By Deployment Mode, By Value, 2018-2028

Table 3 Global Facility Management Market Size, By Organization Size, By Value, 2018-2028

Table 4 Global Facility Management Market Size, By Vertical, By Value, 2018-2028

Table 5 Global Facility Management Market Size, By Region, By Value, 2018-2028

Table 6 North America Facility Management Market Size, By Component, By Value, 2018-2028

Table 7 North America Facility Management Market Size, By Deployment Mode, By Value, 2018-2028

Table 8 North America Facility Management Market Size, By Organization Size, By Value, 2018-2028

Table 9 North America Facility Management Market Size, By Vertical, By Value, 2018-2028

Table 10 North America Facility Management Market Size, By Country, By Value, 2018-2028

Table 11 Europe Facility Management Market Size, By Component, By Value, 2018-2028

Table 12 Europe Facility Management Market Size, By Deployment Mode, By Value, 2018-2028

Table 13 Europe Facility Management Market Size, By Organization Size, By Value, 2018-2028

Table 14 Europe Facility Management Market Size, By Vertical, By Value, 2018-2028

Table 15 Europe Facility Management Market Size, By Country, By Value, 2018-2028

Table 16 The Asia-Pacific Facility Management Market Size, By Component, By Value, 2018-2028

Table 17 The Asia-Pacific Facility Management Market Size, By Deployment Mode, By Value, 2018-2028

Table 18 The Asia-Pacific Facility Management Market Size, By Organization Size, By Value, 2018-2028

Table 19 The Asia-Pacific Facility Management Market Size, By Vertical, By Value, 2018-2028

Table 20 The Asia-Pacific Facility Management Market Size, By Country, By Value, 2018-2028

Table 21 Latin America Facility Management Market Size, By Component, By Value, 2018-2028

Table 22 Latin America Facility Management Market Size, By Deployment Mode, By Value, 2018-2028

Table 23 Latin America Facility Management Market Size, By Organization Size, By Value, 2018-2028

Table 24 Latin America Facility Management Market Size, By Vertical, By Value, 2018-2028

Table 25 Latin America Facility Management Market Size, By Country, By Value, 2018-2028

Table 26 The Middle East & Africa Facility Management Market Size, By Component, By Value, 2018-2028

Table 27 The Middle East & Africa Facility Management Market Size, By Deployment Mode, By Value, 2018-2028

Table 28 The Middle East & Africa Facility Management Market Size, By Organization Size, By Value, 2018-2028

Table 29 The Middle East & Africa Facility Management Market Size, By Vertical, By Value, 2018-2028

Table 30 The Middle East & Africa Facility Management Market Size, By Country, By Value, 2018-2028

Table 31 Business Machines Corporation Company Overview

Table 32 Business Machines Corporation Financial Overview

Table 33 Oracle Corporation Company Overview

Table 34 Oracle Corporation Financial Overview

Table 35 Trimble Inc. Company Overview

Table 36 Trimble Inc. Financial Overview

Table 37 Fortive Company Overview

Table 38 Fortive Financial Overview

Table 39 Planon Company Overview

Table 40 Planon Financial Overview

Table 41 Service Works Global Company Overview

Table 42 Service Works Global Financial Overview

Table 43 Facilities Management eXpress Company Overview

Table 44 Facilities Management eXpress Financial Overview

Table 45 Causeway Technologies Company Overview

Table 46 Causeway Technologies Financial Overview

Table 47 FM:Systems Company Overview

Table 48 FM:Systems Financial Overview

Table 49 Spacewell International Company Overview

Table 50 Spacewell International Financial Overview

Table 51 iOFFICE + SpaceIQ Company Overview

Table 52 iOFFICE + SpaceIQ Financial Overview

Table 53 Archidata Inc. Company Overview

Table 54 Archidata Inc. Financial Overview

Table 55 JadeTrack Energy Management Software Company Overview

Table 56 JadeTrack Energy Management Software Financial Overview

Table 57 UpKeep Maintenance Management Company Overview

Table 58 UpKeep Maintenance Management Financial Overview

Table 59 Apleona GmbH Company Overview

Table 60 Apleona GmbH Financial Overview

Market Segmentation

By Type

Hard Services
Soft Services

By Service

In-House
Outsourced

By End User

Commercial and Retail
Manufacturing and Industrial
Government Infrastructure and Public Entities
Institutional
Others

By Region

North America
Europe
Asia-Pacific (APAC)
Latin America (LATAM)
Middle-East & Africa (MEA)

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Frequently Asked Questions (FAQs):

1. What is the current size of the global facility management market?

Ans: The facility management market reached USD 43.4 billion in 2021.

2. What are the major factors driving the growth of the facility management market?

Ans: The major factors driving the growth of the facility management market include extensive and increasing construction activities and rising adoption of advanced technologies.

3. Who are the key players in the global facility management market?

Ans: The key players in the global facility management market are: Archibus Inc., Trimble Navigation Ltd, Broadcom Inc., Satnav Technologies, FM System Inc., SAP SE, IBM Corporation, Planon Corporation, iOffice Corporation, Oracle Corporation, CB Richard Ellis, Veolia Environment, Colliers International, Planon Corporation, Compass Group, Cushman & Wakefield, Jones Lang LaSalle Incorporated, GDI Integrated Facility Services, Inc., EMCOR Group, Inc., and other prominent players.

4. Which end-user segment accounted for the largest share in the facility management market?

Ans: The commercial and retail segment accounted for the largest share in the facility management market.

5. Which region is at the highest growth rate in the facility management market?

Ans: Asia-Pacific has the largest share in the facility management market.

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Facility Management Market

Report Overview

Market Segmentation

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Frequently Asked Questions (FAQs):

1. What is the current size of the global facility management market?

2. What are the major factors driving the growth of the facility management market?

3. Who are the key players in the global facility management market?

4. Which end-user segment accounted for the largest share in the facility management market?

5. Which region is at the highest growth rate in the facility management market?

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