Global Facility Management Market Report 2022: Increase in Adoption of Cloud-Based Solutions and Change in Organization Culture & Work Style to Boost Growth Further
Dublin, Aug. 15, 2022 (GLOBE NEWSWIRE) -- The "Facility Management Market by Component, Solution Type, Deployment Model, Enterprise Size, Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2020-2030" report has been added to ResearchAndMarkets.com's offering.
According to this report titled, 'Facility Management Market,' the facility management market was valued at $39.9 billion in 2020, and is estimated to reach $119.4 billion by 2030, growing at a CAGR of 11.8% from 2021 to 2030.
Facility management encompasses various professional disciplines that focuses on the effective and efficient delivery of numerous support services for an organization. It ensures functionality of the built environment by integrating place, people, process, and technology.
Technological solutions for facility management have evolved from a simple system for registering building and asset data to one that targets improved efficiency in planning and execution of facility processes. Facility management solutions include business analytics, extensive reporting, and workflow management. These kinds of software are typically integrated with other IT systems, including building technology, enterprise resource planning software, geographic information system solution, and building information modeling models or CAD software.
It is typically designed to perform various functionalities, including asset management & tracking of important equipment information, management of maintenance costs, increase in asset efficiency, management of recurring tasks, and reduction in space & maintenance cost, and others.
Furthermore, increase in adoption of cloud-based solutions and change in organization culture & work style boost the growth of the global facility management market. In addition, introduction of innovative products and adoption of various strategies by key vendors is positively impacts the growth of the market. However, lack of awareness about facility management solutions hinders the market growth. On the contrary, increase in demand of services outsourcing is expected to offer remunerative opportunities for expansion of the market during the forecast period.
Key Market Segments By Component
Solution
Service
By Solution Type
Strategic planning management
Real estate and lease management
Maintenance management
Others
Workplace and relocation management
Asset Management
By Deployment Model
On Premise
Cloud
By Enterprise Size
Large Enterprises
SMEs
By Industry Vertical
Public Sector
BFSI
Manufacturing
IT and Telecom
Healthcare
Retail
Education
Others
By Region
North America
U.S.
Canada
Europe
U.K.
Germany
France
Italy
Spain
Rest of Europe
Asia-Pacific
Rest Of Asia Pacific
China
Japan
India
South Korea
Australia
LAMEA
Latin America
Middle East
Africa
Key Market Players
Archibus, Inc.
Accruent, LLC
CA Technologies, Inc.
Ioffice Corporation
FM System, Inc.
IBM Corporation
Planon Corporation
Oracle Corporation
SAP Se
Trimble, Inc.
Key Topics Covered:
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: FACILITY MANAGEMENT MARKET, BY COMPONENT
CHAPTER 5: FACILITY MANAGEMENT MARKET, BY SOLUTION TYPE
CHAPTER 6: FACILITY MANAGEMENT MARKET, BY DEPLOYMENT MODEL
CHAPTER 7: FACILITY MANAGEMENT MARKET, BY ENTERPRISE SIZE
CHAPTER 8: FACILITY MANAGEMENT MARKET, BY INDUSTRY VERTICAL
CHAPTER 9: FACILITY MANAGEMENT MARKET, BY REGION
CHAPTER 10: COMPANY LANDSCAPE
CHAPTER 11: COMPANY PROFILES
For more information about this report visit https://www.researchandmarkets.com/r/4h410q
CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900