DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Facility Management Market by Solution (Asset & Inventory, Workplace & Relocation, Strategic Planning & Project, Sustainability, Real Estate & Lease, Maintenance), Service, Deployment Type, Business Size, Vertical and Region- Global Forecast to 2021" report to their offering.
The facility management market size is estimated to grow from USD 28.90 billion in 2016 to USD 56.67 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 14.42%.
This growth is due to the changing work culture in organizations which involves technology efficient workforce leading to increased technology deployment.
The sustainability management market by solution is estimated to have the largest market size during the forecast period. The sustainability management solution is in demand and is expected to grow and obtain a higher market share in the future, as it helps in improving environmental performance by governing, planning, and tracking sustainability projects across a company's portfolio.
The facility management service market includes consulting, integration and deployment, and managed services. The managed service market is seen having great opportunities in the coming years. The integration and deployment service market holds the largest market size among services. Integration and deployment services facilitate rapid deployment of comprehensive facility management solutions for various industry verticals.
North America has captured the largest market share in 2016 and the trend is expected to continue in the coming years. This region is an early adopter of this technology and has witnessed rapid adoption due to the availability of comprehensive solutions. On the other hand, The Asia-Pacific (APAC) facility management market is expected to witness exponential growth and is projected to be the fastest growing region for the global facility management market. This is mainly attributed to the growing requirement of facility management solutions that can be easily integrated and deployed according to user requirements.
The various key vendors profiled in the report are as follows:
- IBM Corporation (U.S.)
- Oracle Corporation (U.S.)
- SAP SE (Germany)
- Archibus, Inc. (U.S.)
- Trimble Navigation Ltd. (U.S.)
- CA Technologies (U.S.)
- Accruent, LLC (U.S.)
- Planon Corporation (Netherlands)
- FM System, Inc. (U.S.)
- iOffice Corporation (U.S.)
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Facility Management Market Analysis, By Solution and Service
8 Facility Management Market Analysis, By Deployment Type
9 Facility Management Market Analysis, By Business Size
10 Facility Management Market Analysis, By Vertical
11 Geographic Analysis
12 Competitive Landscape
13 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/bt6rd8/facility