Global Facility Management Market Report - Industry Growth Overview
Rising demand for effective control of harmful emissions along with the constantly rising operation & maintenance costs in the business processes are the major drivers, which are expected to augment facility management market demand during the forecast period. DecisionDatabases.com has added this new report “Global Facility Management Market Research Report- Industry Analysis, Size, Share, Growth, Trends and Forecast" offering the complete market analysis and growth trends. The report discusses the major companies operational in the industry and provides its detailed profile.
Facility management is the maintenance and management of support services across various industries. These services are applied to improve the quality of main business processes and to enhance the efficiency of operation throughout entire service function. The favorable government regulations on various industries and increasing adoption of outsourced solutions for the support & maintenance of business processes are anticipated to further aid in the growth of the market in the near future. Facility management also helps the service providers on efficiently delivering customized services to the consumers based on their specific demand. Nowadays, companies prefer facility management services & delivery systems to improve the overall performance of the business services. Economic pressures from various regulatory requirements and intense competition are forcing companies to adopt facility management services to re-evaluate their business strategies by higher scrutiny delivering and managing services effectively.
Over the past few years, rising adoption among end users for high-quality business performance and proficient business decisions has created a bright future for the growth of the services. However, rising regulatory frameworks on energy and waste management is a major concern, which may hamper market growth in the forthcoming years.
The global market has been segmented based on service type into hard services and soft services. Furthermore, the market has been segmented based on industry into corporate, government & public sector, healthcare
, manufacturing, residential & education institutions, retail and commercial, others (food, sport, etc.). The corporate is a leading industry segment and is expected to continue its dominance over the coming years owing to growing adoption in several organizations to improve employees’ productivity and to enhance customer satisfaction.
Europe is a major market and is expected to continue its dominance during the forecast period on account of the presence of major players along with their rising consolidation to explore opportunities for high productivity & rising international expansion with multiple offerings, particularly in the Western Europe. Asia Pacific is a fastest growing market and is estimated to grow at a substantial rate over the forecast period owing to the rapid deployment of cloud-based services across several industry verticals, changing working lifestyle, expanding real-estate industry and growing retail & hospitality sectors in the region.
The major industry players include Arthur McKay & Co Ltd., Bellrock Property & Facilities Management Limited, Bilfinger HSG Facility Management GmbH, Broadspectrum (Australia) Pty Limited, ISS World Services A/S, Knight Facilities Management, Quess Corp Limited, Sodexo, Inc., and Spotless Group Limited.
In Feb 2015, BIFM, the leading facilities management provider, has launched its FM Business Confidence Monitor in collaboration with and Barclays and i-fm.net.
In April 2016, RICS and IFMA (International Facility Management Association) have announced their collaboration to transform the USD1 trillion global facility management industries.
In Sep 2016, Cofely Besix Facility Management has introduced its first FM App in the Middle East to enhance the organization’s consumer experience by allowing an on-site staff access to download the app. in their smartphone.
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