The integrated facility management market is expected to grow from USD 87.86 Billion in 2021 to $94.18 Billion in 2022 at a CAGR of 7.21% during the forecast period.
Integrated Facility Management Market Overview
A cloud-based solution provides a reliable means of hosting facility management software. It also enhances security and collaboration between teams and subsidiaries in multiple locations, helping organizations reduce operating costs. Other benefits of a cloud-based facilities management solution include secure hosting of critical data, enhanced security and scalability, and fast disaster recovery. Backups are stored on shared or private cloud-hosted platforms that allow organizations to easily recover critical server data. Secure login makes it easy to access your data from anywhere with a stable internet connection.
The benefits of Integrated facility management are not entirely recognized by businesses. The problem stems from a lack of understanding and adoption of prerequisite technologies. Many enterprises are still adopting cloud computing systems and have not yet embraced the IoT ecosystem. Also, the transition from a traditional office layout to a modern setup is still in its infancy. Although Integrated facilities management is an important part of operations, companies are unaware of evolving solutions. This makes it a complex task for organizations to give equal importance to facilities management departments without interfering with core business processes. Another problem, especially in multi-building facilities, is the lack of standardization.
Integrated Facility management outsourcing continues to grow in popularity. Organizations are evaluating operating models to maximize value creation. However, before outsourcing Integrated facilities management to a third party, we consider the appropriate combination of insourcing and outsourcing based on cost, functionality, and coverage. Outsourcing has now contributed significantly to the growth of the Integrated facility management market in various regions including Europe, the Middle East, and North America. This trend is primarily driven by the growing demand for high-quality work experience and lower operating costs.
Contrive Datum Insights has recently published the Integrated Facility Management Market to its huge database which helps to shape the future of businesses by making well-informed business decisions. It offers a comprehensive analysis of various business aspects such as global market trends, recent technological advancements, market size, shares, and new innovations. Furthermore, this analytical data has been compiled through data exploratory techniques such as primary and secondary research. Moreover, an expert team of researchers throws light on various static and dynamic aspects of the global Integrated Facility Management market.
Some of the key players profiled in the study are:
Different leading key players have been profiled to get better insights into the businesses. It offers detailed elaboration on different top-level industries which are functioning in global regions. It includes informative data such as company overview, contact information, and some significant strategies followed by key players: Musanadah, Sodexo, JLL, Macro, Mitie, EMCOR UK, Khidmah, A.T. Kearney PAS, Facilicom, CBM Qatar LLC. and Others, and others.
- 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.
What are the major Applications, Types, and Regions for the Integrated Facility Management Market?
On the Basis of Type:
- Hard Service
- Soft Service
On the Basis of Application:
Integrated Facility Management Market Regional Insights:
The North American market is expected to grow steadily with the introduction of new technologies such as IoT, artificial intelligence, and robots. Additionally, subsequent lockdowns in major states across the United States and Canada as a result of COVID-19 slumped the market between 2020 and 2021. However, the market is expected to increase significantly over the forecast period. As a result of accepting government assistance programs. This is due to the growing awareness of the importance of keeping the environment clean to fight off the coronavirus.
Geographically, the global Integrated Facility Management market has been analyzed in various regions such as North America, Europe, Asia-Pacific, Latin America, the Middle East, and India. The global region is dominating this market in the upcoming future.
- North America
- Rest of North America
- Nordic Countries
- Benelux Union
- The Netherlands
- Rest of Europe
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- Rest of Asia-Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Rest of Latin America
Integrated Facility Management Market Report Scope:
CAGR of 7.21% from 2022 to 2030.
Hard Service, Soft Service
Commercial, Industrial, Institutional
Musanadah, Sodexo, JLL, Macro, Mitie, EMCOR UK, Khidmah, A.T. Kearney PAS, Facilicom, CBM Qatar LLC. and Others
Regions and Countries Covered
- North America: (US, Canada, Mexico, Rest of North America)
- Europe(Germany, France, Italy, Spain, UK, Nordic Countries, Benelux Union, Rest of Europe)
- Asia-Pacific (Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia-Pacific)
- The Middle East & Africa(Saudi Arabia, UAE, Egypt, South Africa, Rest of the Middle East & Africa)
- Latin America(Brazil, Argentina, Rest of Latin America)
- Rest Of the World
2017 to 2022
2023 to 2030
Frequently Asked Questions (FAQ) about the Integrated Facility Management market:
What is the CAGR of the global Integrated Facility Management market?
The Integrated Facility Management Market is growing at a CAGR of 7.21% during the forecast period.
Which region would offer high growth for vendors in the Integrated Facility Management market?
North America accounted for the largest market Integrated Facility Management market.
Which Is the Most potential market segment?
By Types- Hard Service, Soft Service
By Applications - Commercial, Industrial, Institutional
Which are the top industry players in the Integrated Facility Management market?
Musanadah, Sodexo, JLL, Macro, Mitie, EMCOR UK, Khidmah, A.T. Kearney PAS, Facilicom, CBM Qatar LLC., and Others
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