According to report “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″, the facility management market 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%.
Browse 67 market data Tables and 41 Figures spread through 137 Pages and in-depth TOC on “Facility Management Market”
Early buyers will receive 10% customization on this report.
The major forces driving the facility management market are the emergence of cloud-based solutions. Cloud-based platform allows easy process integration, effective energy utilization, and real-time tracking with inherent safety and security features. The facility management market is growing rapidly because of the increasing number of end users opting for high-business performance and efficient business decisions.
Maintenance management solutions to grow at the highest CAGR
The market, by solution, has been segmented into asset and inventory management, workplace and relocation management, sustainability management, strategic planning and project management, real estate and lease management, maintenance management and others (space reservation and incident management). Maintenance management is expected to witness the highest CAGR during the period 2016 to 2021. Maintenance management solutions provide standardized tools that are powerful and consistent across the business and can be used for planning, forecasting, and evaluating maintenance work related to assets, equipment, properties, and any other related facilities. These benefits are driving the market and are anticipated to help in propelling the facility management market at the highest CAGR during the forecast period.
“Managed service market to grow at the highest rate during the forecast period”
The market, by service, has been segmented into consulting, integration and deployment, and managed service. The managed service segment is expected to grow at the highest CAGR over the forecast period owing to the rapid adoption of facility management solutions in both small and medium businesses and large enterprises, which require third-party assistance for integration, maintenance, and management of solutions.
APAC is expected to dominate the facility management market during the forecast period
The facility management market segments the global market on the basis of regions, which include North America, Asia-Pacific (APAC), Europe, the Middle East and Africa (MEA), and Latin America. North America is expected to hold the largest share of the facility management market in 2016 due to the technological advancements and early adoption of facility management solutions across a large number of verticals in this region. The market in APAC is expected to grow at the highest CAGR between 2016 and 2021. The primary driving forces for this growth are changing work culture in organizations and rapidly deployable cloud-based solutions in various industries in the APAC countries, especially India, China, and Japan.
Request Sample Pages – http://www.marketsandmarkets.com/requestsample.asp?id=1030
The report also encompasses different strategies, such as mergers & acquisitions, partnerships & collaborations, and product developments, adopted by major players to increase their share in the market. Some of the major technology vendors include 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.).
MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, “RT” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Company Name: MarketsandMarkets
Contact Person: Rohan
Email: email@example.com, firstname.lastname@example.org
Address:701 Pike Street, Suite 2175
Country: United States