Facility Management Market

Analysts at GMI Research estimates that the Facility Management Market was worth USD 44.1 billion in 2022, and forecast to touch USD 119.8 billion in 2030, growing at a CAGR of 13.3% from 2023-2030.

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Key Drivers and Emerging Trends

Increasing investment in real estate and construction industries stands to be one of the major factors fueling the facility management market size. Rapid digitalization and growing adoption of the Internet of Things (IoT) and cloud-based software will boost the market growth. Increasing adoption of facility management solutions for optimum management of resources and organizational assets is projected to drive the market further. Moreover, the advent of Integrated Facility Management (IFM) is further driving the market expansion, owing to the ability of IFM to improve productivity by facilitating repetitive operations and incorporating all office-related functions under a single management team.

With the increasing globalization and technological innovations, the work culture across companies has changed, which has thus augmented the demand for decentralization of authority, work from home, and flexible timings, driving the facility management market share. Besides this, the use of solutions to generate a safe working environment, minimize energy costs and asset tracking along with the enforcement of government policies to encourage infrastructural automation, and the increasing demand for software-as-a-service (SaaS) deployment model, are anticipated to pave the way for market. The facility management market report projects that the Rapid expansion across the tourism and hospitality industries, growing demand for cloud-based facility management solutions and surging demand for facility management systems incorporated with intelligent software are projected to strengthen the market growth over the upcoming years. However, lack of awareness levels and standardization might hamper the Facility Management Market Size.

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Type – Segment Analysis

Outsourcing segment is anticipated to lead the facility management market over the forecast period. The growing prominence of facility management outsourcing owing to the rising installation costs of in-house facilities management and the complicated task of administering a vast array of services is one of the major factors propelling the segment growth. For example, as per the iSS annual report, the penetration of outsourced facility has shown a drastic increase in 2000 and touched 4-5% by the end of 2018. Moreover, Outsourcing has increased by 50 percent of the total facilities management market in various regions, including Middle East, Europe, and North America, which will boost the market growth.

Service Line – Segment Analysis

Support service line is predicted to hold a larger share in the facility management market over the forecast period, owing to their growing use of services to improve the working environment and increase the efficiency of the business. As per the Facility Management Market analysis, rising competition and the economic pressure faced by the players is supporting facility management services to raise the quality of the business operations, driving the market growth.

End-Use Industry Segment Analysis

Healthcare end-use industry is expected to hold a larger share over the forecast period, because of the growing adoption of healthcare facility management services as precautionary measures in several nations. Moreover, the government industry is likely to witness a faster CAGR in the market, primarily because of the growing emphasis of government on investing in its infrastructural sector.

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Regional – Segment Analysis:

Asia Pacific is predicted to lead the market over the upcoming years, owing to the increasing adoption of advanced technologies like the Internet of Things. The growing emphasis of leading firms to enter into a strategic partnership with players to offer their services to end-users and expand their presence will bolster the regional growth. As per the “International Facility Management Association” China is the has huge potential and capital accumulation for investing in services and offers a wide variety of services, including clean room management, defects liability management, building maintenance (preventative & corrective), thus driving the demand for facility management services. The facility management market growth is attributed to the intensified government emphasis to develop smart cities and large public facilities, which include malls, airports, universities, hospitals, and seaports. The rapidly growing construction sector across Asian countries, such as India and China, will also support industry progression in Asia.

North American market is expected to hold a larger share over the forecast period, because of the rising demand for latest technologies like artificial intelligence, Internet of Things, robot adoption, and others. The existence of economically and technologically advanced nations like the United States and Canada will further bolster the segment size. Moreover, the accelerating adoption of cloud-based platforms has bolstered the demand for cloud facility management solutions in the region.

Top Market Players

Various notable players operating in the market include Sodexo, CBRE, iSS, Compass Group PLC, Aramark, Jones Lang LaSalle IP, Inc., Cushman & Wakefield, Tenon, Johnson Controls., and Dussmann Group, among others. 

Key Developments:

• • In 2021, Fortive acquired ServiceChannel, a leading vendor of multi-site software as a service (SaaS). Along with Accruent and Gordian, it decided to expand the Fortive’s portfolio of Facility and Asset Lifecycle workflow solutions.
  • In 2020, Oracle collaborated with Propre Japan Inc. Oracle Japan will help Propre Japan Inc. with the development of Propre’s real estate big data platform, which will be accessible in 17 nations across the world. Oracle’s client base would grow as a result of this agreement.
  • In 2020, Koch Industries, Inc. finalised the procurement of remaining share of Infor from Golden Gate Capital. Koch was a leading client which incorporated Infor solutions throughout its companies in areas including human resources, enterprise resource planning, supply chain, asset management, and finance, in addition to being an Infor investment since 2017.
  • In 2020 – Sodexo entered into a strategic partnership with Bureau Veritas to launch a hygiene verification label for Sodexo service offering quality assurance to consumers. This partnership includes on-site facility management and catering services. The label was launched in the U.K., France, The U.S., Canada, and then rolled out in other nations across the globe.
  • In 2019, CBRE provided Novartis International AG services, which is a leading pharmaceutical company across the globe. This helped the other company to expand the estate portfolio and more sales.
  • In 2019, iSS entered into 5 year partnership with the professional services form in Nordics. Moreover this contract will help in creating a string presence in the Nordic region.

Segments Covered in the Report:

The global Facility management market has been segmented based on type, service line, end-use industry, and regions. Based on type, the market is segmented into in house and outsource. Based on service line, the market is segmented into support, catering, security, cleaning, and property. Based on end-use industry, the market is segmented into IT, manufacturing, FMCG, infrastructure, healthcare, retail, and others.

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Key questions answered in this research report:

• • At what pace is global facility management market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Facility management market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global facility management market?
  • Which type generated maximum revenues in 2021 and identify the most promising type during the forecast period?
  • What are the various service line areas of global facility management market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Facility management Market by Type

• • In House
  • Outsource

Global Facility management Market by Service Line

• • Support
  • Catering
  • Security
  • Cleaning
  • Property

Global Facility management Market by End-Use Industry

• • IT
  • Manufacturing
  • FMCG
  • Infrastructure
  • Healthcare
  • Retail
  • Others

Global Facility management Market by Region

• • North America Facility management Market (Option 1: As a part of the free 25% customization)

    • By Type
    • By Service Line
    • By End-Use Industry
    • US Market All-Up
    • Canada Market All-Up

  • Europe Facility management Market (Option 2: As a part of the free 25% customization)

    • By Type
    • By Service Line
    • By End-Use Industry
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up

  • Asia-Pacific Facility management Market (Option 3: As a part of the free 25% customization)

    • By Type
    • By Service Line
    • By End-Use Industry
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up

  • RoW Facility management Market (Option 4: As a part of the free 25% customization)

    • By Type
    • By Service Line
    • By End-Use Industry
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Facility management (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Sodexo
  • CBRE
  • iSS
  • Compass Group PLC
  • Aramark
  • Jones Lang LaSalle IP, Inc.
  • Cushman & Wakefield
  • Tenon
  • Johnson Controls
  • Dussmann Group