Facility Management Software Market Size & Share to Record New Values for the Forecast Period 2020-2030
Market Overview
Facility Management encompasses a wide range of disciplines and services aimed at ensuring the functioning, safety, comfort, and efficiency of the built environment, including infrastructure, buildings, and Real estate. Facility Management includes various parameters such as Operations and maintenance, Communications management, Emergency management, and business continuity, Environmental stewardship and sustainability Project management, Real estate and property management, Hospitality and Human factors, and ergonomics. Hard Facilities Management (Hard FM) and Soft Facilities Management (Soft FM) are the two types of facility management (Soft FM). Hard facilities management is concerned with physical assets such as heating, cooling, elevators, and plumbing, whereas soft facilities management is concerned with human activities such as lease accounting, catering, security, grounds maintaining, and custodial services. Facility management software helps an organization manage the complete repair and maintenance work through a web-based panel. The software is designed to help enterprises save time and cost and manage the building premises efficiently and effectively.
Market Highlights
Facility Management Software market is expected to project a notable CAGR of 11.06% in 2031
Facility Management Software market to surpass USD 132.88 billion by 2031 from USD 37.81 billion in 2021 at a CAGR of 11.06% in the coming years, i.e., 2022-31. The growing focus of governments in a number of countries on infrastructure development, notably in the construction of railways, ports, airports, and other infrastructural facilities, is propelling the Facility Management Software Market forward. The expansion of the Facility Management Software Market is also projected to be fueled by many partnerships with different commercial contractors and several government initiatives with international companies.
Facility Management Software market: Segments
segment to grow with the highest CAGR during 2021-31
Facility Management Software market is segmented by Deployment Type into On-premises and Cloud. The On-premises segment is anticipated to register the highest growth over the forecast period. On-premises segment is expected to grow with fastest pace during the forecasted period. On-premises deployment offers offline data analytics and provides better control over systems and data. Organizations that can afford to manage dedicated services and IT staff for maintenance and support, usually deploy On-premises solutions.
Solutions segment to grow with the highest CAGR during 2021-31
Facility Management Software market is segmented by Component into Solutions and Services. Over the projection period, the Solutions sector is expected to increase at the fastest rate. Growth of the segment is attributed to the effective facility management solution which will enable the management of all facility management processes such as lighting, HVAC, security, emergency and incident, sustainability, waste, and others.
Facility Management Software Market: Key Players
IBM Corporation
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
A Technologies
Oracle Corporation
SAP SE
Archibus
Trimble
Accruent
Planon
FM: Systems
Office.
Facility Management Software market: Regions
Facility Management Software market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, and the Middle East, and Africa. In the Facility Management Software market, North America is expected to have the highest market size. The expansion of the Facility Management Software Market is fueled by the region's well-established economy and increasing investment in R&D activities for new technology development such as machine learning, artificial intelligence, and big data. The presence of key companies in the area, such as Oracle, IBM, and Accruent, is also fueling the growth of the Facility Management Software Market.
Segmentation
By Type
Integrated
Standalone
By Deployment Type
Cloud-based
On-Premise
By Component
Solutions
Services
Facility Management Software Market Dynamics
Facility Management Software Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints
Facility Management encompasses a wide range of disciplines and services aimed at ensuring the functioning, safety, comfort, and efficiency of the built environment, including infrastructure, buildings, and Real estate. Facility Management includes various parameters such as Operations and maintenance, Communications management, Emergency management, and business continuity, Environmental stewardship and sustainability Project management, Real estate and property management, Hospitality and Human factors, and ergonomics. Hard Facilities Management (Hard FM) and Soft Facilities Management (Soft FM) are the two types of facility management (Soft FM). Hard facilities management is concerned with physical assets such as heating, cooling, elevators, and plumbing, whereas soft facilities management is concerned with human activities such as lease accounting, catering, security, grounds maintaining, and custodial services. Facility management software helps an organization manage the complete repair and maintenance work through a web-based panel. The software is designed to help enterprises save time and cost and manage the building premises efficiently and effectively.
Market Highlights
Facility Management Software market is expected to project a notable CAGR of 11.06% in 2031
Facility Management Software market to surpass USD 132.88 billion by 2031 from USD 37.81 billion in 2021 at a CAGR of 11.06% in the coming years, i.e., 2022-31. The growing focus of governments in a number of countries on infrastructure development, notably in the construction of railways, ports, airports, and other infrastructural facilities, is propelling the Facility Management Software Market forward. The expansion of the Facility Management Software Market is also projected to be fueled by many partnerships with different commercial contractors and several government initiatives with international companies.
Facility Management Software market: Segments
segment to grow with the highest CAGR during 2021-31
Facility Management Software market is segmented by Deployment Type into On-premises and Cloud. The On-premises segment is anticipated to register the highest growth over the forecast period. On-premises segment is expected to grow with fastest pace during the forecasted period. On-premises deployment offers offline data analytics and provides better control over systems and data. Organizations that can afford to manage dedicated services and IT staff for maintenance and support, usually deploy On-premises solutions.
Solutions segment to grow with the highest CAGR during 2021-31
Facility Management Software market is segmented by Component into Solutions and Services. Over the projection period, the Solutions sector is expected to increase at the fastest rate. Growth of the segment is attributed to the effective facility management solution which will enable the management of all facility management processes such as lighting, HVAC, security, emergency and incident, sustainability, waste, and others.
Facility Management Software Market: Key Players
IBM Corporation
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
A Technologies
Oracle Corporation
SAP SE
Archibus
Trimble
Accruent
Planon
FM: Systems
Office.
Facility Management Software market: Regions
Facility Management Software market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, and the Middle East, and Africa. In the Facility Management Software market, North America is expected to have the highest market size. The expansion of the Facility Management Software Market is fueled by the region's well-established economy and increasing investment in R&D activities for new technology development such as machine learning, artificial intelligence, and big data. The presence of key companies in the area, such as Oracle, IBM, and Accruent, is also fueling the growth of the Facility Management Software Market.
Segmentation
By Type
Integrated
Standalone
By Deployment Type
Cloud-based
On-Premise
By Component
Solutions
Services
Facility Management Software Market Dynamics
Facility Management Software Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints
1. EXECUTIVE SUMMARY
2. FACILITY MANAGEMENT SOFTWARE MARKET
2.1. Product Overview
2.2. Market Definition
2.3. Segmentation
2.4. Assumptions and Acronyms
3. RESEARCH METHODOLOGY
3.1. Research Objectives
3.2. Primary Research
3.3. Secondary Research
3.4. Forecast Model
3.5. Market Size Estimation
4. AVERAGE PRICING ANALYSIS
5. MACRO-ECONOMIC INDICATORS
6. MARKET DYNAMICS
6.1. Growth Drivers
6.2. Restraints
6.3. Opportunity
6.4. Trends
7. CORRELATION & REGRESSION ANALYSIS
7.1. Correlation Matrix
7.2. Regression Matrix
8. RECENT DEVELOPMENT, POLICIES & REGULATORY LANDSCAPE
9. RISK ANALYSIS
9.1. Demand Risk Analysis
9.2. Supply Risk Analysis
10. FACILITY MANAGEMENT SOFTWARE MARKET ANALYSIS
10.1. Porters Five Forces
10.1.1. Threat of New Entrants
10.1.2. Bargaining Power of Suppliers
10.1.3. Threat of Substitutes
10.1.4. Rivalry
10.2. PEST Analysis
10.2.1. Political
10.2.2. Economic
10.2.3. Social
10.2.4. Technological
11. FACILITY MANAGEMENT SOFTWARE MARKET
11.1. Market Size & forecast, 2020A-2030F
11.1.1. By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
11.1.2. By Volume (Million Units) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12. FACILITY MANAGEMENT SOFTWARE MARKET: MARKET SEGMENTATION
12.1. By Regions
12.1.1. North America:(U.S. and Canada), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.2. Europe: (Germany, UK, France, Italy, Spain, and Rest of Europe), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.3. Asia-Pacific: (China, India, Japan, Australia and Rest of Asia Pacific), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.4. Latin America: (Brazil, Mexico, Rest of Latin America), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.5. Middle East and Africa, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2. By Type: Market Share (2020-2030F)
12.2.1. Integrated, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2.2. Standalone, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3. By Deployment Type: Market Share (2020-2030F)
12.3.1. Cloud-based, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3.2. On-premise, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.4. By Component: Market Share (2020-2030F)
12.4.1. Solutions, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.4.2. Services, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
13. COMPANY PROFILE
13.1. IBM Corporation
13.1.1. Company Overview
13.1.2. Company Total Revenue (Financials)
13.1.3. Market Potential
13.1.4. Global Presence
13.1.5. Key Performance Indicators
13.1.6. SWOT Analysis
13.1.7. Product Launch
13.2. A Technologies
13.3. Oracle Corporation
13.4. SAP SE
13.5. Archibus
13.6. Trimble
13.7. Accruent
13.8. Planon
13.9. FM:Systems
13.10. Ioffice.
Consultant Recommendation
**The above-given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.
2. FACILITY MANAGEMENT SOFTWARE MARKET
2.1. Product Overview
2.2. Market Definition
2.3. Segmentation
2.4. Assumptions and Acronyms
3. RESEARCH METHODOLOGY
3.1. Research Objectives
3.2. Primary Research
3.3. Secondary Research
3.4. Forecast Model
3.5. Market Size Estimation
4. AVERAGE PRICING ANALYSIS
5. MACRO-ECONOMIC INDICATORS
6. MARKET DYNAMICS
6.1. Growth Drivers
6.2. Restraints
6.3. Opportunity
6.4. Trends
7. CORRELATION & REGRESSION ANALYSIS
7.1. Correlation Matrix
7.2. Regression Matrix
8. RECENT DEVELOPMENT, POLICIES & REGULATORY LANDSCAPE
9. RISK ANALYSIS
9.1. Demand Risk Analysis
9.2. Supply Risk Analysis
10. FACILITY MANAGEMENT SOFTWARE MARKET ANALYSIS
10.1. Porters Five Forces
10.1.1. Threat of New Entrants
10.1.2. Bargaining Power of Suppliers
10.1.3. Threat of Substitutes
10.1.4. Rivalry
10.2. PEST Analysis
10.2.1. Political
10.2.2. Economic
10.2.3. Social
10.2.4. Technological
11. FACILITY MANAGEMENT SOFTWARE MARKET
11.1. Market Size & forecast, 2020A-2030F
11.1.1. By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
11.1.2. By Volume (Million Units) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12. FACILITY MANAGEMENT SOFTWARE MARKET: MARKET SEGMENTATION
12.1. By Regions
12.1.1. North America:(U.S. and Canada), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.2. Europe: (Germany, UK, France, Italy, Spain, and Rest of Europe), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.3. Asia-Pacific: (China, India, Japan, Australia and Rest of Asia Pacific), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.4. Latin America: (Brazil, Mexico, Rest of Latin America), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.5. Middle East and Africa, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2. By Type: Market Share (2020-2030F)
12.2.1. Integrated, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2.2. Standalone, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3. By Deployment Type: Market Share (2020-2030F)
12.3.1. Cloud-based, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3.2. On-premise, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.4. By Component: Market Share (2020-2030F)
12.4.1. Solutions, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.4.2. Services, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
13. COMPANY PROFILE
13.1. IBM Corporation
13.1.1. Company Overview
13.1.2. Company Total Revenue (Financials)
13.1.3. Market Potential
13.1.4. Global Presence
13.1.5. Key Performance Indicators
13.1.6. SWOT Analysis
13.1.7. Product Launch
13.2. A Technologies
13.3. Oracle Corporation
13.4. SAP SE
13.5. Archibus
13.6. Trimble
13.7. Accruent
13.8. Planon
13.9. FM:Systems
13.10. Ioffice.
Consultant Recommendation
**The above-given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.
