DUBLIN--(BUSINESS WIRE)--The "Global Integrated Facility Management Market By Type (Hard Service & Soft Service), By Resource Type (Critical & Non-Critical), By Solution, By Deployment Type, By End-User, By Region, Competition, Forecast & Opportunities, 2024" report has been added to ResearchAndMarkets.com's offering.
The global integrated facility management market stood at $ 84.5 billion in 2018 and is projected to reach $ 127.7 billion by 2024, growing at a CAGR of over 7% during 2019-2024, owing to rising adoption of IoT, changing organizational structure & work management, and increasing development of sustainable infrastructure.
Growing presence of many enterprises and increasing demand for connected devices for building automation across various industry verticals are some of the other factors that would drive the market in coming years. An integrated facility management (IFM) system is an information technology (IT) based fiscal and financial management system, which is used by many public and private firms and government entities to commence, spend and supervise their financial statement. The IFM system commences and handles their expenditure, as well as supervises and reports their financial activities.
Improving economic conditions across developing countries are boosting the demand for outsourced FM services, which is aiding the global integrated facility management services market. Adoption of integrated facility management services is expected to grow in the near term due to rising awareness of integrated facility management services and increasing cross-border presence of integrated facility management service providers. These cross-border mergers & acquisitions along with the increased customer network and regional coverage are creating significant market opportunities for integrated facility management service providers.
In terms of end-users, the market for integrated facility management services has been categorized into BFSI, utilities, aerospace and defense, telecommunication, manufacturing, supply chain & logistics, real estate & infrastructure, healthcare, retail and others. Among the end-users, real estate & infrastructure segment dominated the market in 2018 and is expected to maintain its market dominance during the forecast period, primary owing to rapid infrastructure development and rising focus on integrated facility management services.
In 2018, North America led the global integrated facility management market, with the US being the largest market for integrated facility management services, on account of growing real estate sector in the country. Moreover, organized players are increasingly outsourcing facility management services, which is further fueling growth of the US integrated facility management market. Additionally, integrated facility management service providers are investing in building construction and integrated services, which is anticipated to boost the market in the coming years.
Market consolidation at the global and regional scale is increasingly common in the competitive integrated facility management market.
Some of the major players in the global integrated facility management market are Compass Group PLC, Sodexo, Inc., CBRE Group, Inc., Cushman & Wakefield, Jones Lang LaSalle Incorporated (JLL), ISS Facilities Services Inc. and others.
Years considered for this report:
- Historical Years: 2014-2017
- Base Year: 2018
- Estimated Year: 2019
-
Forecast Period: 2020-2024
Key Topics Covered:
1. Product Overview
2. Research Methodology
3. Executive Summary
4. Voice of Customer
4.1 Factors considered while selecting a supplier
4.2 Product awareness and applicability & usage analysis
4.3 Challenges/issues faced post purchase
4.4 Unmet needs
5. Global Integrated Facility Management Market Outlook
5.1 Market Size & Forecast
5.1.1. By Value
5.2 Market Share & Forecast
5.2.1. By Type (Hard Service & Soft Service)
5.2.2. By Resource Type (Critical & Non-Critical)
5.2.3. By Solution (Asset & Space Management, Project Management, Real Estate Portfolio Management & Lease Administration, Energy & Environment Sustainability Management, Maintenance Management and Others)
5.2.4. By Deployment Type (On-premises & Cloud)
5.2.5. By End-User (BFSI, Utilities, Aerospace and Defense, Telecommunication, Manufacturing, Supply Chain & Logistics, Real Estate & Infrastructure, Healthcare, Retail and Others)
5.2.6. By Region (Asia-Pacific, Europe, North America, South America and Middle East & Africa)
5.2.7. By Company (2018)
5.3 Market Attractiveness Index (By Type, By Resource Type, By Solution, By Deployment Type, By End User and By Region)
6. North America Integrated Facility Management Market Outlook
6.1 Market Size & Forecast
6.1.1. By Value
6.2 Market Share & Forecast
6.2.1. By Type
6.2.2. By Resource Type
6.2.3. By Solution
6.2.4. By Deployment Type
6.2.5. By End User
6.2.6. By Country
6.3 United States Integrated Facility Management Market Outlook
6.4 Canada Integrated Facility Management Market Outlook
6.5 Mexico Integrated Facility Management Market Outlook
7. Asia-Pacific Integrated Facility Management Market Outlook
7.1 Market Size & Forecast
7.1.1. By Value
7.2 Market Share & Forecast
7.2.1. By Type
7.2.2. By Resource Type
7.2.3. By Solution
7.2.4. By Deployment Type
7.2.5. By End User
7.2.6. By Country
7.3 Australia Integrated Facility Management Market Outlook
7.4 Japan Integrated Facility Management Market Outlook
7.5 South Korea Integrated Facility Management Market Outlook
7.6 China Integrated Facility Management Market Outlook
7.7 India Integrated Facility Management Market Outlook
7.8 Singapore Integrated Facility Management Market Outlook
7.9 Malaysia Integrated Facility Management Market Outlook
8. Europe Integrated Facility Management Market Outlook
8.1 Market Size & Forecast
8.1.1. By Value
8.2 Market Share & Forecast
8.2.1. By Type
8.2.2. By Resource Type
8.2.3. By Solution
8.2.4. By Deployment Type
8.2.5. By End User
8.2.6. By Country
8.3 United Kingdom Integrated Facility Management Market Outlook
8.4 Russia Integrated Facility Management Market Outlook
8.5 France Integrated Facility Management Market Outlook
8.6 Italy Integrated Facility Management Market Outlook
8.7 Germany Integrated Facility Management Market Outlook
9. Middle East & Africa Integrated Facility Management Market Outlook
9.1 Market Size & Forecast
9.1.1. By Value
9.2 Market Share & Forecast
9.2.1. By Type
9.2.2. By Resource Type
9.2.3. By Solution
9.2.4. By Deployment Type
9.2.5. By End User
9.2.6. By Country
9.3 South Africa Integrated Facility Management Market Outlook
9.4 UAE Integrated Facility Management Market Outlook
9.5 Saudi Arabia Integrated Facility Management Market Outlook
9.6 Egypt Integrated Facility Management Market Outlook
10. South America Integrated Facility Management Market Outlook
10.1 Market Size & Forecast
10.1.1. By Value
10.2 Market Share & Forecast
10.2.1. By Type
10.2.2. By Resource Type
10.2.3. By Solution
10.2.4. By Deployment Type
10.2.5. By End User
10.2.6. By Country
10.3 Brazil Integrated Facility Management Market Outlook
10.4 Argentina Integrated Facility Management Market Outlook
10.5 Chile Integrated Facility Management Market Outlook
11. Market Dynamics
11.1 Drivers
11.2 Challenges
12. Market Trends & Developments
13. Competitive Landscape
13.1 Competition Outlook
13.2 Company Profiles
13.2.1. Basic Details
13.2.2. Financials (As reported)
13.2.3. Supply Chain Analysis
13.2.4. Key Market Focus and Geographical Presence
13.2.5. Planned Investments
13.2.6. Pricing of Target Products
13.2.7. Market positioning
13.3 Global Players Profiled (Leading Companies)
13.3.1 Compass Group PLC
13.3.2 Sodexo, Inc.
13.3.3 CBRE Group, Inc.
13.3.4 Cushman & Wakefield
13.3.5 Jones Lang LaSalle Incorporated (JLL)
13.3.6 ISS Facilities Services Inc.
14. Strategic Recommendations
For more information about this report visit https://www.researchandmarkets.com/r/gxs2ef
