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Facility Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

The global facility management market size reached a value of US$ 39.8 Billion in 2018. Facility management (FM) refers to an integrated system of technologies that are utilized to improve the efficiency of commercial and residential spaces. FM solutions, such as building management, operations and security management, Computer-Aided Facilities Management (CAFM), etc., are used for space planning, equipment maintenance, portfolio forecasting, business continuity, emergency preparedness and environmental sustainability. For organizations and offices, they aim to ensure maximum productivity by streamlining and standardizing routine tasks. Owing to these benefits, FM solutions find extensive applicability across the residential, banking, finance service and insurance (BFSI), retail, healthcare and education sectors.

Global Facility Management Market Report

The emerging trend of digitalization, along with the increasing adoption of the Internet of Things (IoT) and cloud-based software, currently represent the key factors driving the growth of the market. The utilization of advanced technologies, such as cloud computing and augmented reality (AR) for managing a building, have enabled managers to reduce their dependency on human resources and improve their operational efficiencies. Furthermore, the emergence of Integrated Facility Management (IFM) is acting as another growth-inducing factor. IFM enhances productivity by simplifying repetitive operations and combining all office-related functions under a single management team. FM services are also utilized to conveniently manage home-based, on-the-go, after-hours and employees, as well as the outsourced services, while ensuring the availability of all necessary tools required for maximum productivity. Apart from this, these solutions are used to create a safe working environment, reduce energy costs and asset tracking. Moreover, the implementation of favorable government policies promoting infrastructural automation, coupled with the increasing adoption of software-as-a-service (SaaS) deployment model, is projected to drive the market further. Looking forward, IMARC Group expects the global facility management market to reach a value of US$ 74.4 Billion by 2024, registering a CAGR of around 11% during 2019-2024.

Report Coverage:

  • Historical, Current and Future Market Trends
     
  • Market Breakup by Solution:
    • Integrated Workplace Management System
    • Facility Operations and Security Management
    • Building Information Modeling
    • Facility Property Management
    • Facility Environment Management
       
  • Market Breakup by Service:
    • Deployment and Integration
    • Auditing and Quality Assessment
    • Support and Maintenance
    • Consulting
    • Service Level Agreement Management
       
  • Market Breakup by Deployment Type:
    • On-Premises
    • Cloud
       
  • Market Breakup by Organization Size:
    • Small and Medium Size Enterprises
    • Large Enterprises
       
  • Market Breakup by Vertical:
    • Banking, Financial Services, and Insurance
    • IT and Telecom
    • Government and Public Administration
    • Healthcare
    • Education
    • Retail
    • Energy and Utilities
    • Others
       
  • Market Breakup by Region:
    • North America
    • Europe
    • Asia Pacific
    • Middle East and Africa
    • Latin America
       

Competitive Landscape:

The report has also analyzed the competitive landscape of the market with some of the key players being IBM, Oracle, Trimble, CA Technologies, SAP, Archibus, Accruent, Maintenance Connection, MCS Solutions, Planon, Ioffice, Jadetrack, Metricstream, Emaint, Facilities Management Express, etc.

Key Questions Answered in This Report:

  • How has the global facility management market performed so far and how will it perform in the coming years?
  • What are the key regional markets in the global facility management industry?
  • What is the breakup of the market based on the solution?
  • What is the breakup of the market based on the service?
  • What is the breakup of the market based on the deployment type?
  • What is the breakup of the market based on the organization size?
  • What is the breakup of the market based on the vertical?
  • What are the various stages in the value chain of the global facility management industry?
  • What are the key driving factors and challenges in the global facility management industry?
  • What is the structure of the global facility management industry and who are the key players?
  • What is the degree of competition in the global facility management industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Facility Management Market 
    5.1    Market Overview
    5.2    Market Performance
    5.3    Market Breakup by Solution 
    5.4    Market Breakup by Service  
    5.5    Market Breakup by Deployment Type 
    5.6    Market Breakup by Organization Size 
    5.7    Market Breakup by Vertical  
    5.8    Market Breakup by Region  
    5.9    Market Forecast
6     Market Breakup by Solution 
    6.1    Integrated Workplace Management System
        6.1.1   Market Trends
        6.1.2    Market Forecast
    6.2    Facility Operations and Security Management 
        6.2.1    Market Trends
        6.2.2    Market Forecast
    6.3    Building Information Modeling 
        6.3.1    Market Trends
        6.3.2    Market Forecast
    6.4    Facility Property Management 
        6.4.1    Market Trends
        6.4.2    Market Forecast
    6.5    Facility Environment Management 
        6.5.1    Market Trends
        6.5.2    Market Forecast
7    Market Breakup by Service
    7.1    Deployment and Integration 
        7.1.1    Market Trends
        7.1.2    Market Forecast
    7.2    Auditing and Quality Assessment 
        7.2.1    Market Trends
        7.2.2    Market Forecast
    7.3    Support and Maintenance 
        7.3.1    Market Trends
        7.3.2    Market Forecast
    7.4    Consulting 
        7.4.1    Market Trends
        7.4.2    Market Forecast
    7.5    Service Level Agreement Management 
        7.5.1    Market Trends
        7.5.2    Market Forecast
8    Market Breakup by Deployment Type
    8.1    On-Premises
        8.1.1    Market Trends
        8.1.2    Market Forecast
    8.2    Cloud
        8.2.1    Market Trends
        8.2.2    Market Forecast
9    Market Breakup by Organization Size
    9.1    Small and Medium Size Enterprises
        9.1.1    Market Trends
        9.1.2    Market Forecast
    9.2    Large Enterprises
        9.2.1    Market Trends
        9.2.2    Market Forecast
10    Market Breakup by Vertical
    10.1    Banking, Financial Services, and Insurance
        10.1.1    Market Trends
        10.1.2    Market Forecast
    10.2    IT and Telecom
        10.2.1    Market Trends
        10.2.2    Market Forecast
    10.3    Government and Public Administration
        10.3.1    Market Trends
        10.3.2    Market Forecast
    10.4    Healthcare
        10.4.1    Market Trends
        10.4.2    Market Forecast
    10.5    Education
        10.5.1    Market Trends
        10.5.2    Market Forecast
    10.6    Retail
        10.6.1    Market Trends
        10.6.2    Market Forecast
    10.7    Energy and Utilities
        10.7.1    Market Trends
        10.7.2    Market Forecast
    10.8    Others
        10.8.1    Market Trends
        10.8.2    Market Forecast
11    Market Breakup by Region
    11.1    North America 
        11.1.1    Market Trends
        11.1.2    Market Forecast
    11.2    Europe 
        11.2.1    Market Trends
        11.2.2    Market Forecast
    11.3    Asia Pacific
        11.3.1    Market Trends
        11.3.2    Market Forecast
    11.4    Middle East and Africa
        11.4.1    Market Trends
        11.4.2    Market Forecast
    11.5    Latin America
        11.5.1    Market Trends
        11.5.2    Market Forecast
12    SWOT Analysis
    12.1    Overview
    12.2    Strengths
    12.3    Weaknesses
    12.4    Opportunities
    12.5    Threats
13    Value Chain Analysis
14    Porters Five Forces Analysis

    14.1    Overview
    14.2    Bargaining Power of Buyers
    14.3    Bargaining Power of Suppliers
    14.4    Degree of Competition
    14.5    Threat of New Entrants
    14.6    Threat of Substitutes
15    Competitive Landscape
    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    IBM
        15.3.2    Oracle
        15.3.3    Trimble
        15.3.4    CA Technologies
        15.3.5    SAP
        15.3.6    Archibus 
        15.3.7    Accruent
        15.3.8     Maintenance Connection
        15.3.9     MCS Solutions
        15.3.10      Planon
        15.3.11      Ioffice
        15.3.12      Jadetrack
        15.3.13      Metricstream
        15.3.14      Emaint
        15.3.15      Facilities Management Express

List of Figures

Figure 1: Global: Facility Management Market: Major Drivers and Challenges
Figure 2: Global: Facility Management Market: Sales Value (in Billion US$), 2013-2018
Figure 3: Global: Facility Management Market: Breakup by Solution (in %), 2018
Figure 4: Global: Facility Management Market: Breakup by Service (in %), 2018
Figure 5: Global: Facility Management Market: Breakup by Deployment Type (in %), 2018
Figure 6: Global: Facility Management Market: Breakup by Organization Size (in %), 2018
Figure 7: Global: Facility Management Market: Breakup by Vertical (in %), 2018
Figure 8: Global: Facility Management Market: Breakup by Region (in %), 2018
Figure 9: Global: Facility Management Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 10: Global: Facility Management Industry: SWOT Analysis
Figure 11: Global: Facility Management Industry: Value Chain Analysis
Figure 12: Global: Facility Management Industry: Porter’s Five Forces Analysis
Figure 13: Global: Facility Management (Integrated Workplace Management System) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 14: Global: Facility Management (Integrated Workplace Management System) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 15: Global: Facility Management (Facility Operations and Security Management) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 16: Global: Facility Management (Facility Operations and Security Management) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 17: Global: Facility Management (Building Information Modeling) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 18: Global: Facility Management (Building Information Modeling) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 19: Global: Facility Management (Facility Property Management) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 20: Global: Facility Management (Facility Property Management) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 21: Global: Facility Management (Facility Environment Management) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 22: Global: Facility Management (Facility Environment Management) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 23: Global: Facility Management (Deployment and Integration) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 24: Global: Facility Management (Deployment and Integration) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 25: Global: Facility Management (Auditing and Quality Assessment) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 26: Global: Facility Management (Auditing and Quality Assessment) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 27: Global: Facility Management (Support and Maintenance) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 28: Global: Facility Management (Support and Maintenance) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 29: Global: Facility Management (Consulting) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 30: Global: Facility Management (Consulting) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 31: Global: Facility Management (Service Level Agreement Management) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 32: Global: Facility Management (Service Level Agreement Management) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 33: Global: Facility Management (On-Premises) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 34: Global: Facility Management (On-Premises) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 35: Global: Facility Management (Cloud) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 36: Global: Facility Management (Cloud) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 37: Global: Facility Management (Small and Medium Size Enterprises) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 38: Global: Facility Management (Small and Medium Size Enterprises) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 39: Global: Facility Management (Large Enterprises) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 40: Global: Facility Management (Large Enterprises) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 41: Global: Facility Management (Banking, Financial Services, and Insurance) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 42: Global: Facility Management (Banking, Financial Services, and Insurance) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 43: Global: Facility Management (IT and Telecom) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 44: Global: Facility Management (IT and Telecom) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 45: Global: Facility Management (Government and Public Administration) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 46: Global: Facility Management (Government and Public Administration) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 47: Global: Facility Management (Healthcare) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 48: Global: Facility Management (Healthcare) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 49: Global: Facility Management (Education) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 50: Global: Facility Management (Education) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 51: Global: Facility Management (Retail) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 52: Global: Facility Management (Retail) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 53: Global: Facility Management (Energy and Utilities) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 54: Global: Facility Management (Energy and Utilities) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 55: Global: Facility Management (Other Verticals) Market: Sales Value (in Billion US$), 2013 & 2018
Figure 56: Global: Facility Management (Other Verticals) Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 57: North America: Facility Management Market: Sales Value (in Billion US$), 2013 & 2018
Figure 58: North America: Facility Management Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 59: Europe: Facility Management Market: Sales Value (in Billion US$), 2013 & 2018
Figure 60: Europe: Facility Management Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 61: Asia Pacific: Facility Management Market: Sales Value (in Billion US$), 2013 & 2018
Figure 62: Asia Pacific: Facility Management Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 63: Middle East and Africa: Facility Management Market: Sales Value (in Billion US$), 2013 & 2018
Figure 64: Middle East and Africa: Facility Management Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 65: Latin America: Facility Management Market: Sales Value (in Billion US$), 2013 & 2018
Figure 66: Latin America: Facility Management Market Forecast: Sales Value (in Billion US$), 2019-2024

List of Tables

Table 1: Global: Facility Management Market: Key Industry Highlights, 2018 and 2024
Table 2: Global: Facility Management Market Forecast: Breakup by Solution (in Billion US$), 2019-2024
Table 3: Global: Facility Management Market Forecast: Breakup by Service (in Billion US$), 2019-2024
Table 4: Global: Facility Management Market Forecast: Breakup by Deployment Type (in Billion US$), 2019-2024
Table 5: Global: Facility Management Market Forecast: Breakup by Organization Size (in Billion US$), 2019-2024
Table 6: Global: Facility Management Market Forecast: Breakup by Vertical (in Billion US$), 2019-2024
Table 7: Global: Facility Management Market Forecast: Breakup by Region (in Billion US$), 2019-2024
Table 8: Global: Facility Management Market Structure
Table 9: Global: Facility Management Market: Key Players

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