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Facility Management Market 2019: Comprehensive Analysis by Top Key Companies, Industry Growth, Size, Share, Market Insights, Sales Volume and Forecast to 2024

Facility

The “Facility Management Market” research report 2019 delivers comprehensive information about the market ranging from the establishment to the predictable growth trend. Facility Management market report provides brief analytical data of the market contenders globally using advanced methodological approaches, such as SWOT analysis, production chain, cost, sales margin, financial details, recent developments. Facility Management market report also offers market competitors that includes detailed company profiles along with company product specifications.

Market Overview:

  • The facility management market was valued at USD 35.92 billion in 2018, and is expected to reach a market value of USD 72.43 billion by 2024, registering a CAGR of 12.51% during the forecast period of 2019–2024.
  • – Facility management (FM) includes management methods and techniques for building management, infrastructure management for an organization and also the means of overall harmonization of the work environment in an organization. This system standardizes services and streamlines processes for an organization.
  • – The increased spending on the infrastructural aspect can be cited as one of the major drivers for the growth of the FM market. Moreover, the increasing focus on optimization processes and energy efficiency improvements are the main driving forces for the development of the facility management market.
  • – Along with this, real estate, manufacturing, retail, and the public sector are also a few industry verticals which have witnessed high infrastructural growth. These verticals mentioned above constitute the primary end users of facility management solutions, owing to the growing need for integrating data from operational facilities into other business applications.
  • – However, security concerns related to the safety of devices and networks is one of the factors restraining the market growth. Increasing security breaches and growing threats of cybercrime groups are creating skepticism, thus affecting the growth of the market.

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    In Facility Management Market Report, Following Companies Are Covered:

  • Archibus Inc.
  • CA Technologies
  • FM System Inc.
  • IBM Corporation
  • iOffice Corporation
  • Oracle Corporation
  • Planon Corporation
  • SAP SE
  • Satnav Technologies
  • Trimble Navigation Ltd

    Facility Management Market 2019 report will help the industry aspirants in arranging their strategies. The measurements offered in this report will be an exact and helpful manual to shape the business development. Additionally, will Provide historical data along with a future forecast and detailed analysis and also expected opportunities.

    Scope of the Report:

  • Facility management encompasses multiple disciplines to ensure the functionality of the built environment by integrating people, place, process, and technology. Also, facility management is the coordination of a facility’s operations meant to make the organization as a whole more effective at what it does. The facility management is applied in various industry verticals like retail, education, and healthcare, among others as per the need of the business.

    Reasons for Buying Facility Management Market Report:

    • This report provides pin-point analysis for changing competitive dynamics
    • It provides a forward looking perspective on different factors driving or restraining market growth
    • It provides a five-year forecast assessed on the basis of how the market is predicted to grow
    • It helps in understanding the key product segments and their future
    • It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
    • It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments

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    Key Market Trends:

    Integrated Facility Management to Witness Higher Growth Rate

    – Integrated facility management is a method of combining many (or all) of the office related services and processes under one vendor and management team. IFM streamlines internal and vendor-related communication, simplifying day-to-day operations management, and improving productivity in the organization.
    – With multiple vendors working on different components of the organization, redundancy and overlap are inevitable. Costs are also an important factor of concern as different teams spend their time and money on initiatives that do not align with the company’s future goals. With IFM, inefficiency and unnecessary expenditure become easy to identify, since there is greater visibility.
    – The North American region has largely set the global standard for integrated facility management (IFM) services, owing to the home presence of large contract management and real estate firms. The North American market has a presence of large nationally and internationally operating IFM companies from the backgrounds of technical FM, property management, and support services.

    North America Occupies the Largest Market Share

    – Latest technological breakthroughs in the North American region have assisted the advancement of facility management solutions that makes the overall processes highly efficient and significantly improve accuracy in various applications.
    – There have been a series of new solutions, mergers and acquisitions in the North American region to take advantage of this opportunity. The primary driver behind these investments are the continuous evolution and increasing application of new technologies to unlock enormous volumes that were previously considered non-commercial.
    – With these series of investments, IT and telecom, BFSI, real estate, and healthcare applications in North America are set to boom over the next five years.

    The Research Document Will Answer Following Questions Such as:

    • What are the cutting-edge technologies responsible for driving the growth of the market?
    • What are the main applications of the market? What are the growth prospects to the market applications into the market?
    • At what stage of development are the key market products?
    • What are the shortcomings that has to face to become commercially viable? Is their growth and commercialization dependent on cost declines or technological/application breakthroughs?
    • What is the outlook for the industry?
    • What difference does performance characteristics of Facility Management create from those of established entities?

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    Detailed TOC of Facility Management Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Introduction to Market Drivers and Restraints
    4.3 Market Drivers
    4.3.1 Emergence of Cloud-Based Services
    4.3.2 Changing Work Culture in Organizations
    4.4 Market Restraints
    4.4.1 Lack of Managerial Awareness
    4.5 Value Chain Analysis
    4.6 Industry Attractiveness – Porter’s Five Forces Analysis
    4.6.1 Threat of New Entrants
    4.6.2 Bargaining Power of Buyers/Consumers
    4.6.3 Bargaining Power of Suppliers
    4.6.4 Threat of Substitute Products
    4.6.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Type
    5.1.1 Single
    5.1.2 Bundled
    5.1.3 IFM
    5.2 By Service
    5.2.1 Professional Services
    5.2.2 Managed Services
    5.3 By Solution
    5.3.1 Strategic Planning and Project Management
    5.3.2 Workplace and Relocation Management
    5.3.3 Sustainability Management
    5.3.4 Maintenance Management
    5.3.5 Other Solutions
    5.4 By End User
    5.4.1 IT and Telecommunications
    5.4.2 Healthcare
    5.4.3 Retail
    5.4.4 Education
    5.4.5 BFSI
    5.4.6 Other End Users
    5.5 Geography
    5.5.1 North America
    5.5.2 Europe
    5.5.3 Asia-Pacific
    5.5.4 Latin America
    5.5.5 Middle East & Africa

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 Archibus Inc.
    6.1.2 CA Technologies
    6.1.3 FM System Inc.
    6.1.4 IBM Corporation
    6.1.5 iOffice Corporation
    6.1.6 Oracle Corporation
    6.1.7 Planon Corporation
    6.1.8 SAP SE
    6.1.9 Satnav Technologies
    6.1.10 Trimble Navigation Ltd

    7 INVESTMENT ANALYSIS

    8 MARKET OPPORTUNITIES AND FUTURE TRENDS

     

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