Global $59.59 Bn Facility Management Markets, 2022-2027 by Service, Solution, Vertical, Deployment, Geography, Competitive Analysis, COVID-19 Impacts - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global Facility Management Market (2022-2027) by Service, Solution, Vertical, Deployment, Geography, Competitive Analysis, and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.

The Global Facility Management Market is estimated to be USD 35.14 Bn in 2022 and is projected to reach USD 59.59 Bn by 2027, growing at a CAGR of 11.14%.

Market dynamics are forces that impact the prices and behaviors of the Global Facility Management Market stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors.

There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.

As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding the growth and reducing the risks.

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Company Profiles

Some of the companies covered in this report are Accruent, Apleona, Archibus, Broadcom, Causeway Technologies, Facilio, Upkeep Technologies, etc.

Market Segmentations

• By Service, the market is classified into Auditing & Quality Assessment, Consulting, Deployment & Integration, Service Level Agreement Management, and Support & Maintenance.
• By Solution, the market is classified into Building Information Modeling, Facility Environment Management, Facility Operations & Security Management, Access Control, Facility Property Management, and Integrated Workplace Management System.
• By Vertical, the market is classified into Banking, Financial Services, & Insurance, Construction & Real Estate, Education, Energy & Utilities, Government & Public Administration, Healthcare, IT & Telecom, Manufacturing, and Retail.
• By Deployment, the market is classified into Cloud and On-Premises.
• By Geography, the market is classified into Americas, Europe, Middle-East & Africa and Asia-Pacific.

Market Dynamics

Drivers

• Growing Need to Maintain Environmental and Regulatory Compliance
• Shift of Focus towards Virtual Workplace and Mobility
• Increase in Demand for Integrated Facility Management to Achieve Economies of Scale
• Increase in Adoption of IoT And AI in Facility Management Solutions

Restraints

• Lack of Managerial awareness and Dependency on the in House Facility Management Team

Opportunities

• Increasing Adoption of IoT & Connected Buildings and Integration With BIM
• Implementation of the Digital Twin Technology for Facility Asset Management

Challenges

• Integration of Facility Management with Legacy ERP Systems
• Lack of Skills and Expertise

Company Profiles

• Accruent
• Apleona
• Archibus
• Broadcom
• Causeway Technologies
• Facilio
• Facilities Management eXpress
• Fluke
• FM: Systems Group
• Fortive
• IBM
• Infor
• iOffice
• MRI Software
• OfficeSpace Software
• Oracle
• Planon
• SAP
• Satnav Technologies
• Service Works Global
• ServiceChannel
• Spacewell
• Trimble
• Upkeep Technologies

For more information about this report visit https://www.researchandmarkets.com/r/u5uxiw