Facilities Management Global Market Report 2022: Facility Managers Focus on Specifically Designed Office Spaces As Remote Learning/Working Becomes the Norm - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--Nov 4, 2022--

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.

Select Competitors (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

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. 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)

2. FOCUS ON SELECT PLAYERS

3. 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

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

UNITED STATES

CANADA

JAPAN

CHINA

EUROPE

FRANCE

GERMANY

ITALY

UNITED KINGDOM

REST OF EUROPE

ASIA-PACIFIC

REST OF WORLD

IV. COMPETITION

Companies Mentioned

• 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/2m8gei

View source version on businesswire.com:https://www.businesswire.com/news/home/20221104005380/en/

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SOURCE: Research and Markets

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