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Facility Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

February 2023 | 110 pages | ID: FEB453ADED4EEN
IMARC Group

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The global facility management market size reached US$ 62.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 132.1 Billion by 2028, exhibiting a growth rate (CAGR) of 13.52% during 2023-2028. The rising construction of green buildings, increasing preferences for outsourcing, and the growing need of enterprises to comply with environmental and regulatory norms represent some of the key factors driving the market.

Facility management (FM) refers to services and tools that are utilized for supporting the functionality, safety, and sustainability of real estate properties, buildings, infrastructure, and grounds. It comprises lease management, capital project planning and management, maintenance and operations, energy management, occupancy and space management, employee and occupant experience, emergency management and business continuity, and real estate management. It also ensures proper maintenance of plumbing, wiring, elevators, and insulation systems and focuses on managing various labor-intensive tasks, such as lease accounting, catering, security, groundskeeping, and custodial services. It assists in proper space management, reducing overall project costs, and increasing the short and long-term value of property, buildings, and equipment. FM also delivers operational efficiency, creates an environment required for enhancing productivity, guarantees regulatory compliance, and explores and adopts technological solutions. It reduces energy consumption costs and the overall carbon footprint of the real estate portfolio. It helps managers manage employee directories, handle emergency planning, and maintain business continuity planning. Furthermore, as FM promotes sustainable tactics for long-term cost management, it is employed in the commercial, residential, retail, and hospitality sectors across the globe.

Facility Management Market Trends:
At present, the increasing demand for FM due to the rising focus on digitizing business operations represents one of the primary factors influencing the market positively. Besides this, the growing need of businesses to comply with environmental and regulatory norms to lower their carbon footprint is offering a favorable market outlook. In addition, the rising number of hospitals, nursing homes, and clinics to provide quality healthcare to patients around the world is propelling the growth of the market. Apart from this, the increasing adoption of cloud solutions to delegate routine tasks, improve security and scalability, and achieve quick disaster recovery is contributing to the growth of the market. Additionally, rising preferences of enterprises to outsource facility management to third-party service providers for reducing expenses, maximizing value creation, focusing on innovation and expanding core services, and boosting operational efficiency is supporting the market growth. Moreover, the increasing construction of green buildings to reduce carbon emissions, energy expenditure, water wastage, and maintenance costs is strengthening the growth of the market. Furthermore, the rising demand for personalized services to fulfill infrastructure requirements and achieve long-term goals is bolstering the growth of the market.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global facility management market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on solution, service, deployment type, organization size and vertical.

Solution Insights:

Facility Property Management
Building Information Modeling
Integrated Workplace Management System
Facility Operations and Security Management
Others

The report has provided a detailed breakup and analysis of the facility management market based on the solution. This includes facility property management, building information modeling, integrated workplace management system, facility operations and security management, and others. According to the report, facility property management represented the largest segment.

Service Insights:

Deployment and Integration
Consulting and Training
Support and Maintenance
Auditing and Quality Assessment
Others

A detailed breakup and analysis of the facility management market based on the service has also been provided in the report. This includes deployment and integration, consulting and training, support and maintenance, auditing and quality assessment, and others. According to the report, deployment and integration accounted for the largest market share.

Deployment Type Insights:

On-Premises
Cloud

A detailed breakup and analysis of the facility management market based on the deployment type has also been provided in the report. This includes on-premises and cloud. According to the report, on-premises accounted for the largest market share.

Organization Size Insights:

Large Enterprises
Small and Medium Size Enterprises

A detailed breakup and analysis of the facility management market based on the organization size has also been provided in the report. This includes large enterprises and small and medium sized enterprises. According to the report, large enterprises accounted for the largest market share.

Vertical Insights:

Banking, Financial Services, and Insurance
IT and Telecom
Real Estate
Government and Public Sector
Healthcare
Education
Retail
Others

A detailed breakup and analysis of the facility management market based on the vertical has also been provided in the report. This includes banking, financial services, and insurance, IT and telecom, real estate, government and public sector, healthcare, education, retail, and others. According to the report, banking, financial services, and insurance accounted for the largest market share.

Regional Insights:

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

The report has also provided a comprehensive analysis of all the major regional markets, which include North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. According to the report, North America was the largest market for facility management. Some of the factors driving the North America facility management market included the increasing automation, technological advancements, rising number of green buildings, etc.

Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global facility management market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include IBM Corporation, Oracle, Trimble Inc., Broadcom, Inc., SAP India Private Limited, Archibus, Accruent, MCS Solutions, Planon Group, iOFFICE, LP., JadeTrack, MetricStream, Inc., Fluke Corporation, Facilities Management eXpress, LLC., etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Key Questions Answered in This Report

1. What was the size of the global facility management market in 2022?
2. What is the expected growth rate of the global facility management market during 2023-2028?
3. What are the key factors driving the global facility management market?
4. What has been the impact of COVID-19 on the global facility management market?
5. What is the breakup of the global facility management market based on the solutions type?
6. What is the breakup of the global facility management market based on the services type?
7. What is the breakup of the global facility management market based on the deployment type?
8. What is the breakup of the global facility management market based on the organization size?
9. What is the breakup of the global facility management market based on the vertical?
10. What are the key regions in the global facility management market?
11. Who are the key players/companies in the global facility management market?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL FACILITY MANAGEMENT MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY SOLUTION

6.1 Facility Property Management
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Building Information Modeling
  6.2.1 Market Trends
  6.2.2 Market Forecast
6.3 Integrated Workplace Management System
  6.3.1 Market Trends
  6.3.2 Market Forecast
6.4 Facility Operations and Security Management
  6.4.1 Market Trends
  6.4.2 Market Forecast
6.5 Others
  6.5.1 Market Trends
  6.5.2 Market Forecast

7 MARKET BREAKUP BY SERVICE

7.1 Deployment and Integration
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Consulting and Training
  7.2.1 Market Trends
  7.2.2 Market Forecast
7.3 Support and Maintenance
  7.3.1 Market Trends
  7.3.2 Market Forecast
7.4 Auditing and Quality Assessment
  7.4.1 Market Trends
  7.4.2 Market Forecast
7.5 Others
  7.5.1 Market Trends
  7.5.2 Market Forecast

8 MARKET BREAKUP BY DEPLOYMENT TYPE

8.1 On-Premises
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 Cloud
  8.2.1 Market Trends
  8.2.2 Market Forecast

9 MARKET BREAKUP BY ORGANIZATION SIZE

9.1 Large Enterprises
  9.1.1 Market Trends
  9.1.2 Market Forecast
9.2 Small and Medium Size Enterprises
  9.2.1 Market Trends
  9.2.2 Market Forecast

10 MARKET BREAKUP BY VERTICAL

10.1 Banking, Financial Services, and Insurance
  10.1.1 Market Trends
  10.1.2 Market Forecast
10.2 IT and Telecom
  10.2.1 Market Trends
  10.2.2 Market Forecast
10.3 Real Estate
  10.3.1 Market Trends
  10.3.2 Market Forecast
10.4 Government and Public Sector
  10.4.1 Market Trends
  10.4.2 Market Forecast
10.5 Healthcare
  10.5.1 Market Trends
  10.5.2 Market Forecast
10.6 Education
  10.6.1 Market Trends
  10.6.2 Market Forecast
10.7 Retail
  10.7.1 Market Trends
  10.7.2 Market Forecast
10.8 Others
  10.8.1 Market Trends
  10.8.2 Market Forecast

11 MARKET BREAKUP BY REGION

11.1 North America
  11.1.1 Market Trends
  11.1.2 Market Forecast
11.2 Europe
  11.2.1 Market Trends
  11.2.2 Market Forecast
11.3 Asia Pacific
  11.3.1 Market Trends
  11.3.2 Market Forecast
11.4 Middle East and Africa
  11.4.1 Market Trends
  11.4.2 Market Forecast
11.5 Latin America
  11.5.1 Market Trends
  11.5.2 Market Forecast

12 SWOT ANALYSIS

12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats

13 VALUE CHAIN ANALYSIS

14 PORTERS FIVE FORCES ANALYSIS

14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes

15 COMPETITIVE LANDSCAPE

15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
  15.3.1 IBM
  15.3.2 Oracle
  15.3.3 Trimble
  15.3.4 CA Technologies
  15.3.5 SAP
  15.3.6 Archibus
  15.3.7 Accruent
  15.3.8 Maintenance Connection
  15.3.9 MCS Solutions
  15.3.10 Planon
  15.3.11 Ioffice
  15.3.12 Jadetrack
  15.3.13 Metricstream
  15.3.14 Emaint
  15.3.15 Facilities Management Express

LIST OF TABLES

Table 1: Global: Facility Management Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Facility Management Solutions Market: Breakup by Solution (in Billion US$), 2017 & 2022
Table 3: Global: Facility Management Solutions Market Forecast: Breakup by Solution (in Billion US$), 2023-2028
Table 4: Global: Facility Management Services Market: Breakup by Service (in Billion US$), 2017 & 2022
Table 5: Global: Facility Management Services Market Forecast: Breakup by Service (in Billion US$), 2023-2028
Table 6: Global: Facility Management Market: Breakup by Deployment Type (in Billion US$), 2017 & 2022
Table 7: Global: Facility Management Market Forecast: Breakup by Deployment Type (in Billion US$), 2023-2028
Table 8: Global: Facility Management Market: Breakup by Organization Size (in Billion US$), 2017 & 2022
Table 9: Global: Facility Management Market Forecast: Breakup by Organization Size (in Billion US$), 2023-2028
Table 10: Global: Facility Management Market: Breakup by Vertical (in Billion US$), 2017 & 2022
Table 11: Global: Facility Management Market Forecast: Breakup by Vertical (in Billion US$), 2023-2028
Table 12: Global: Facility Management Market: Breakup by Region (in Billion US$), 2017 & 2022
Table 13: Global: Facility Management Market Forecast: Breakup by Region (in Billion US$), 2023-2028
Table 14: Global: Facility Management Market Structure
Table 15: Global: Facility Management Market: Key Players

LIST OF FIGURES

Figure 1: Global: Facility Management Market: Major Drivers and Challenges
Figure 2: Global: Facility Management Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Facility Management Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Facility Management Solutions Market: Breakup by Solution (in %), 2022
Figure 5: Global: Facility Management (Facility Property Management) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 6: Global: Facility Management (Facility Property Management) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 7: Global: Facility Management (Building Information Modeling) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 8: Global: Facility Management (Building Information Modeling) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 9: Global: Facility Management (Integrated Workplace Management System) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 10: Global: Facility Management (Integrated Workplace Management System) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 11: Global: Facility Management (Facility Operations and Security Management) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 12: Global: Facility Management (Facility Operations and Security Management) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 13: Global: Facility Management (Others) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 14: Global: Facility Management (Others) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 15: Global: Facility Management Services Market: Breakup by Service (in %), 2022
Figure 16: Global: Facility Management (Deployment and Integration) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 17: Global: Facility Management (Deployment and Integration) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 18: Global: Facility Management (Consulting and Training) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 19: Global: Facility Management (Consulting and Training) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 20: Global: Facility Management (Support and Maintenance) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 21: Global: Facility Management (Support and Maintenance) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 22: Global: Facility Management (Auditing and Quality Assessment) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 23: Global: Facility Management (Auditing and Quality Assessment) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 24: Global: Facility Management (Others) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 25: Global: Facility Management (Others) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 26: Global: Facility Management Market: Breakup by Deployment Type (in %), 2022
Figure 27: Global: Facility Management (On-Premises) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 28: Global: Facility Management (On-Premises) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 29: Global: Facility Management (Cloud) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 30: Global: Facility Management (Cloud) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 31: Global: Facility Management Market: Breakup by Organization Size (in %), 2022
Figure 32: Global: Facility Management (Large Enterprises) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 33: Global: Facility Management (Large Enterprises) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 34: Global: Facility Management (Small and Medium Size Enterprises) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 35: Global: Facility Management (Small and Medium Size Enterprises) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 36: Global: Facility Management Market: Breakup by Vertical (in %), 2022
Figure 37: Global: Facility Management (Banking, Financial Services, and Insurance) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 38: Global: Facility Management (Banking, Financial Services, and Insurance) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 39: Global: Facility Management (IT and Telecom) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 40: Global: Facility Management (IT and Telecom) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 41: Global: Facility Management (Real Estate) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 42: Global: Facility Management (Real Estate) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 43: Global: Facility Management (Government and Public Sector) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 44: Global: Facility Management (Government and Public Sector) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 45: Global: Facility Management (Healthcare) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 46: Global: Facility Management (Healthcare) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 47: Global: Facility Management (Education) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 48: Global: Facility Management (Education) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 49: Global: Facility Management (Retail) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 50: Global: Facility Management (Retail) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 51: Global: Facility Management (Other Verticals) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 52: Global: Facility Management (Other Verticals) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 53: Global: Facility Management Market: Breakup by Region (in %), 2022
Figure 54: North America: Facility Management Market: Sales Value (in Billion US$), 2017 & 2022
Figure 55: North America: Facility Management Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 56: Europe: Facility Management Market: Sales Value (in Billion US$), 2017 & 2022
Figure 57: Europe: Facility Management Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 58: Asia Pacific: Facility Management Market: Sales Value (in Billion US$), 2017 & 2022
Figure 59: Asia Pacific: Facility Management Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 60: Latin America: Facility Management Market: Sales Value (in Billion US$), 2017 & 2022
Figure 61: Latin America: Facility Management Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 62: Middle East and Africa: Facility Management Market: Sales Value (in Billion US$), 2017 & 2022
Figure 63: Middle East and Africa: Facility Management Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 64: Global: Facility Management Industry: SWOT Analysis
Figure 65: Global: Facility Management Industry: Value Chain Analysis
Figure 66: Global: Facility Management Industry: Porter’s Five Forces Analysis


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