Dublin, Feb. 16, 2023 (GLOBE NEWSWIRE) -- The "Facilities Management: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Facilities Management Market to Reach $2.7 Trillion by 2027
In the changed post COVID-19 business landscape, the global market for Facilities Management estimated at US$1.5 Trillion in the year 2020, is projected to reach a revised size of US$2.7 Trillion by 2027, growing at a CAGR of 8.9% over the analysis period 2020-2027.
Cloud, one of the segments analyzed in the report, is projected to record 9.6% CAGR and reach US$1.8 Trillion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the On-Premise segment is readjusted to a revised 7.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $429.9 Billion, While China is Forecast to Grow at 8.4% CAGR
The Facilities Management market in the U.S. is estimated at US$429.9 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$467.4 Billion by the year 2027 trailing a CAGR of 8.4% over the analysis period 2020 to 2027.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.4% and 7.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 7.4% CAGR.
Key Metrics
| Report Attribute | Details |
| No. of Pages | 312 |
| Forecast Period | 2020 - 2027 |
| Estimated Market Value (USD) in 2020 | $1.5 Trillion |
| Forecasted Market Value (USD) by 2027 | $2.7 Trillion |
| Compound Annual Growth Rate | 8.8% |
| Regions Covered | Global |
What`s New for 2022?
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Key Topics Covered:
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Facilities Management - Supporting Core Activities of Businesses
- Recent Market Activity
- Changing Work Culture in Modern Businesses Enhances Need for Efficient Facilities Management
- Facilities Management Market Positioned for Stable Growth
- Notable Trends in the Global FM Market - In a Nutshell
- Demand for FM Services Continues to Grow at a Strong Rate
- Developed Regions Lead, Emerging Economies Spearhead Future Growth
- Facilities Management - Global Key Competitors Percentage Market Share in 2022 (E)
- Positive Global Economy Buoys General Market Optimism
- Recovery in Construction Activity Worldwide Offer Bright Prospects for FM Market
- Impact of Covid-19 and a Looming Global Recession
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
MARKET TRENDS & DRIVERS
- Cost Reduction - The Prime Driver
- Efficiency Enhancements - The Road to Success
- Changing Workplace Conditions Influence FM Market
- Facility Managers Focus on Specifically Designed Office Spaces As Remote Learning/Working Becomes the Norm
- IFM Services Spurs Demand for Multi-Service Providers
- Real Estate Sector and Residential Sectors to Benefit from Facility Management Services
- Venturing into New Verticals - A Competitive Strategy
- Technology Makes In-Roads into FM Space
- Technology to Continue Playing a Prominent Role in Outsourced FM Services
- Cloud Computing to Drive Adoption of FM Software
- Automation and Data Analysis - Vital for Next Generation FM Market
- IoT - Rising Prominence in Improving Efficiency of FM Services
- Big Data & Analytics - Enabling Smart Decision Making Process
- Technology Trends Driving Innovation in Facilities Management
- Rising Significance of Technology in Retail Facilities Management
- Technological Sustainability - An Important Trend in FM Market
- Increasing Reliance on Automation
- Data Security Gains Importance
- Workforce Integration and Total FM (TFM) Contracts
- Sustainable Building Practices Spur Growth
- Contract Cleaning: A Stable & Growing Market
- Commercial Sector Leads Contract Cleaning Services Market
- Catering Services Market - Outsourcing Gains Prominence
- Healthcare Facilities Management Market - Promising Growth in Store
- Regulatory Compliance Needs Present Opportunities for FM Service Providers
- Challenges in Store
- Migration to FM: Not So Easy As it Seems!
- Facility Managers Themselves Pose a Risk
- Managing the Built Environment: Companies Doing It the Wrong Way!
- Market Maturity
FOCUS ON SELECT PLAYERS (Total 276 Featured)
- ABM Industries Inc.
- Amey Plc
- Aramark Corporation
- Bellrock Limited
- Bilfinger Europa
- Bouygues Energies & Services
- CBRE Group Inc.
- Compass Group Plc
- Cushman & Wakefield
- Elior UK
- EMCOR Group Inc.
- ENGIE Services Inc.
- Etisalat Facilities Management L.L.C
- Fluor Corporation
- Globe Williams International
- Interserve Plc
- ISS UK
- Kier Group plc
- MITIE plc
- Turner Facilities Management Ltd.
- VINCI Facilities
For more information about this report visit https://www.researchandmarkets.com/r/rga4oo
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
