The global facility management market is expected to reach USD 1,550,321.37 million by 2031 from USD 837,957.97 million in 2023, growing at a CAGR of 8.2% during the forecast period of 2024 to 2031.
Market Segmentation
Global Facility Management Market, By Offering (Solution and Service), Service Type (Hard Facility Management System and Soft Facility Management System), Model (Outsourcing Facilities Management and In-House Facilities Management), Facility Size (Large Facilities, Medium Facilities, and Small Facilities), Function (Real Estate Management, Maintenance Management, Asset Management, Building Systems, Financial & Performance Management, and Others), End-User (Banking, Financial Services, and Insurance (BFSI), IT and Telecom, Energy and Utilities, Construction and Real Estate, Manufacturing, Government and Public Administration, Media and Entertainment, and Others), Country (U.S., Canada, Mexico, Germany, U.K., Italy, France, Spain, Switzerland, Netherlands, Belgium, Russia, Turkey, rest of Europe, Japan, China, South Korea, India, Australia, Singapore, Thailand, Indonesia, Malaysia, Philippines, rest of Asia-Pacific, Brazil, Argentina, rest of South America, South Africa, U.A.E., Saudi Arabia, Kuwait, and rest of Middle East and Africa) - Industry Trends and Forecast to 2031.
Overview of Global Facility Management Market Dynamics
- Driver
- Increasing adoption of virtualization
- Restraint
- Complexity in implementation of virtual infrastructure manager
- Opportunity
- Evolution of 5G network boosts virtual infrastructure
Market Players
Some of the major players operating in the global facility management market are listed below:
- CBRE
- Compass Group PLC
- Dussmann Group
- OCS Group International Limited
- EMCOR Group, Inc.
- G4S Limited
- Flexim Group SA
- Jones Lang LaSalle IP, Inc.
- SIS Limited
- BVG
- ISS
- ABM INDUSTRIES INCORPORATED
- Cushman & Wakefield
- Sodexo
- Mace Group
- ARAMARK
- Johnson Controls.
- Mitie Group plc.
- Veolia
- ENGIE
- Colliers
- Serco Group plc
- Eptura
- Oracle
- Fortive
- SAP SE
- IBM
- Rentokil Initial plc
TABLE OF CONTENTS
1 INTRODUCTION 68
- 1.1 OBJECTIVES OF THE STUDY 68
- 1.2 MARKET DEFINITION 68
- 1.3 OVERVIEW OF THE GLOBAL FACILITY MANAGEMENT MARKET 68
- 1.4 LIMITATIONS 70
- 1.5 MARKETS COVERED 70
2 MARKET SEGMENTATION 77
- 2.1 MARKETS COVERED 77
- 2.2 GEOGRAPHIC SCOPE 78
- 2.3 YEARS CONSIDERED FOR THE STUDY 79
- 2.4 CURRENCY AND PRICING 79
- 2.5 RESEARCH METHODOLOGY 80
- 2.6 MULTIVARIATE MODELLING 83
- 2.7 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 84
- 2.8 DBMR MARKET POSITION GRID 85
- 2.9 MARKET APPLICATION COVERAGE GRID 86
- 2.10 SECONDARY SOURCES 87
- 2.11 ASSUMPTIONS 87
3 EXECUTIVE SUMMARY 88
4 PREMIUM INSIGHTS 91
- 4.1 PORTER'S FIVE FORCES ANALYSIS 93
- 4.2 TECHNOLOGY ANALYSIS 94
- 4.3 REGULATORY STANDARD 95
5 MARKET OVERVIEW 97
- 5.1 DRIVERS 99
- 5.1.1 GROWING INDUSTRIALIZATION AND URBANIZATION 99
- 5.1.2 RISING ADOPTION OF SECURITY SYSTEMS IN FACILITY MANAGEMENT 100
- 5.1.3 INCREASING STRATEGIC PARTNERSHIPS AND OUTSOURCING TREND FOR COST-EFFECTIVE FACILITY MANAGEMENT SERVICES 101
- 5.1.4 GOVERNMENT INITIATIVES AND INCENTIVES FOR EMERGING SMART CITIES 103
- 5.1.5 EXPANSION OF HOSPITALITY AND TOURISM INDUSTRIES 104
- 5.2 RESTRAINT 105
- 5.2.1 LACK OF AWARENESS AND COMPLEXITY IN FACILITY MANAGEMENT SYSTEMS 105
- 5.2.2 CYBER SECURITY CONCERNS AND STRICT REGULATIONS REGARDING DATA PRIVACY 106
- 5.3 OPPORTUNITIES 108
- 5.3.1 EMERGING SMART TECHNOLOGY INTEGRATION IN FACILITY MANAGEMENT SERVICES 108
- 5.3.2 RISING GLOBAL DEMAND FOR SUSTAINABLE AND ECO-FRIENDLY FACILITY SOLUTIONS 109
- 5.3.3 GROWING DEMAND FOR USER-CENTRIC FACILITY DESIGNS ENHANCING OVERALL EXPERIENCES 110
- 5.4 CHALLENGES 111
- 5.4.1 INTEGRATION OF FACILITY MANAGEMENT WITH LEGACY ERP SYSTEMS 111
- 5.4.2 SHORTAGE OF SKILLED AND EXPERT WORK FORCE 112
6 GLOBAL FACILITY MANAGEMENT MARKET, BY OFFERING 113
- 6.1 OVERVIEW 114
- 6.2 SOLUTION 115
- 6.2.1 IWMS (INTEGRATED WORKPLACE MANAGEMENT SYSTEM) 116
- 6.2.2 CMMS (COMPUTERIZED MAINTENANCE MANAGEMENT SYSTEM) 116
- 6.2.3 BMS (BUILDING MANAGEMENT SYSTEM) 116
- 6.2.4 CAFM (COMPUTER AIDED FACILITIES MANAGEMENT) 116
- 6.3 SERVICE 116
- 6.3.1 PROFESSIONAL SERVICES 117
- 6.3.1.1 DEPLOYMENT & INTEGRATION 117
- 6.3.1.2 AUDITING & QUALITY ASSESSMENTS 117
- 6.3.1.3 CONSULTING & TRAINING 117
- 6.3.1.4 SUPPORT & MAINTENANCE 117
- 6.3.2 MANAGED SERVICES 117
7 GLOBAL FACILITY MANAGEMENT MARKET, BY MODEL 118
- 7.1 OVERVIEW 119
- 7.2 OUTSOURCING FACILITIES MANAGEMENT 120
- 7.3 IN-HOUSE FACILITIES MANAGEMENT 120
8 GLOBAL FACILITY MANAGEMENT MARKET, BY FACILITY SIZE 121
- 8.1 OVERVIEW 122
- 8.2 LARGE FACILITIES 123
- 8.3 MEDIUM FACILITIES 123
- 8.4 SMALL FACILITIES 124
9 GLOBAL FACILITY MANAGEMENT MARKET, BY FUNCTION 125
- 9.1 OVERVIEW 126
- 9.2 REAL ESTATE MANAGEMENT 127
- 9.2.1 PURCHASE/SALE 128
- 9.2.2 TAX MANAGEMENT 128
- 9.2.3 LEASE ADMINISTRATION 128
- 9.2.4 EXPENSE MANAGEMENT 128
- 9.3 MAINTENANCE MANAGEMENT 128
- 9.3.1 PREVENTIVE MAINTENANCE 129
- 9.3.2 DEMAND MAINTENANCE 129
- 9.3.3 ENVIRONMENTAL MAINTENANCE 129
- 9.3.4 OTHERS 129
- 9.4 ASSET MANAGEMENT 130
- 9.4.1 CAPITAL PLANNING 130
- 9.4.2 PROJECT PLANNING & EXECUTION 130
- 9.4.3 CONDITION ASSESSMENTS 131
- 9.4.4 OTHERS 131
- 9.5 BUILDING SYSTEMS 131
- 9.5.1 ACCESS CONTROL 132
- 9.5.2 BUILDING AUTOMATION SYSTEM 132
- 9.5.3 ENERGY MANAGEMENT 132
- 9.5.4 MONITORING & CONTROL SYSTEM 132
- 9.6 FINANCIAL & PERFORMANCE MANAGEMENT 132
- 9.7 OTHERS 133
10 GLOBAL FACILITY MANAGEMENT MARKET, BY SERVICE TYPE 134
- 10.1 OVERVIEW 135
- 10.2 HARD FACILITY MANAGEMENT SYSTEM 136
- 10.2.1 MEP (MECHANICAL, ELECTRICAL & PLUMBING) 137
- 10.2.2 HVAC MAINTENANCE 137
- 10.2.3 ENERGY MANAGEMENT 137
- 10.2.4 ASSET MANAGEMENT 137
- 10.2.5 OFFSHORE FACILITY MANAGEMENT 137
- 10.2.6 OTHERS 137
- 10.3 SOFT FACILITY MANAGEMENT SYSTEM 138
- 10.3.1 OFFICE SUPPORT SERVICES 138
- 10.3.2 HOUSEKEEPING 139
- 10.3.3 PEST CONTROL 139
- 10.3.4 CATERING 139
- 10.3.5 OTHERS 139
11 GLOBAL FACILITY MANAGEMENT MARKET, BY END-USER 140
- 11.1 OVERVIEW 141
- 11.2 BANKING, FINANCIAL SERVICES, AND INSURANCE (BFSI) 142
- 11.2.1 BY FUNCTION 143
- 11.2.1.1 REAL ESTATE MANAGEMENT 143
- 11.2.1.2 MAINTENANCE MANAGEMENT 143
- 11.2.1.3 ASSET MANAGEMENT 143
- 11.2.1.4 BUILDING SYSTEMS 143
- 11.2.1.5 FINANCIAL & PERFORMANCE MANAGEMENT 143
- 11.2.1.6 OTHERS 144
- 11.3 IT AND TELECOM 144
- 11.3.1 BY FUNCTION 145
- 11.3.1.1 REAL ESTATE MANAGEMENT 145
- 11.3.1.2 MAINTENANCE MANAGEMENT 145
- 11.3.1.3 ASSET MANAGEMENT 145
- 11.3.1.4 BUILDING SYSTEMS 145
- 11.3.1.5 FINANCIAL & PERFORMANCE MANAGEMENT 145
- 11.3.1.6 OTHERS 146
- 11.4 ENERGY AND UTILITIES 146
- 11.4.1 BY FUNCTION 146
- 11.4.1.1 REAL ESTATE MANAGEMENT 147
- 11.4.1.2 MAINTENANCE MANAGEMENT 147
- 11.4.1.3 ASSET MANAGEMENT 147
- 11.4.1.4 BUILDING SYSTEMS 147
- 11.4.1.5 FINANCIAL & PERFORMANCE MANAGEMENT 147
- 11.4.1.6 OTHERS 147
- 11.5 CONSTRUCTION AND REAL ESTATE 148
- 11.5.1 BY FUNCTION 148
- 11.5.1.1 REAL ESTATE MANAGEMENT 148
- 11.5.1.2 MAINTENANCE MANAGEMENT 148
- 11.5.1.3 ASSET MANAGEMENT 149
- 11.5.1.4 BUILDING SYSTEMS 149
- 11.5.1.5 FINANCIAL & PERFORMANCE MANAGEMENT 149
- 11.5.1.6 OTHERS 149
- 11.6 MANUFACTURING 149
- 11.6.1 BY FUNCTION 150
- 11.6.1.1 REAL ESTATE MANAGEMENT 150
- 11.6.1.2 MAINTENANCE MANAGEMENT 150
- 11.6.1.3 ASSET MANAGEMENT 150
- 11.6.1.4 BUILDING SYSTEMS 150
- 11.6.1.5 FINANCIAL & PERFORMANCE MANAGEMENT 150
- 11.6.1.6 OTHERS 150
- 11.7 GOVERNMENT AND PUBLIC ADMINISTRATION 151
- 11.7.1 BY FUNCTION 151
- 11.7.1.1 REAL ESTATE MANAGEMENT 151
- 11.7.1.2 MAINTENANCE MANAGEMENT 151
- 11.7.1.3 ASSET MANAGEMENT 152
- 11.7.1.4 BUILDING SYSTEMS 152
- 11.7.1.5 FINANCIAL & PERFORMANCE MANAGEMENT 152
- 11.7.1.6 OTHERS 152
- 11.8 MEDIA AND ENTERTAINMENT 152
- 11.8.1 BY FUNCTION 153
- 11.8.1.1 REAL ESTATE MANAGEMENT 153
- 11.8.1.2 MAINTENANCE MANAGEMENT 153
- 11.8.1.3 ASSET MANAGEMENT 153
- 11.8.1.4 BUILDING SYSTEMS 153
- 11.8.1.5 FINANCIAL & PERFORMANCE MANAGEMENT 153
- 11.8.1.6 OTHERS 153
- 11.9 OTHERS 154
12 GLOBAL FACILITY MANAGEMENT MARKET, BY REGION 155
- 12.1 OVERVIEW 156
- 12.2 NORTH AMERICA 159
- 12.2.1 U.S. 167
- 12.2.2 CANADA 174
- 12.2.3 MEXICO 181
- 12.3 EUROPE 188
- 12.3.1 GERMANY 196
- 12.3.2 U.K. 203
- 12.3.3 FRANCE 210
- 12.3.4 ITALY 217
- 12.3.5 SPAIN 224
- 12.3.6 RUSSIA 231
- 12.3.7 SWITZERLAND 238
- 12.3.8 TURKEY 245
- 12.3.9 BELGIUM 252
- 12.3.10 NETHERLANDS 259
- 12.3.11 NORWAY 266
- 12.3.12 FINLAND 273
- 12.3.13 DENMARK 280
- 12.3.14 SWEDEN 287
- 12.3.15 POLAND 294
- 12.3.16 REST OF EUROPE 301
- 12.4 ASIA-PACIFIC 302
- 12.4.1 CHINA 310
- 12.4.2 JAPAN 317
- 12.4.3 SOUTH KOREA 324
- 12.4.4 INDIA 331
- 12.4.5 AUSTRALIA 338
- 12.4.6 MALAYSIA 345
- 12.4.7 SINGAPORE 352
- 12.4.8 VIETNAM 359
- 12.4.9 TAIWAN 366
- 12.4.10 INDONESIA 373
- 12.4.11 THAILAND 380
- 12.4.12 NEW ZEALAND 387
- 12.4.13 PHILIPPINES 394
- 12.4.14 REST OF ASIA-PACIFIC 401