The global facility management market is growing at a considerable CAGR of 13.5% during the forecast period. The major factor that is augmenting the growth of the global facility management is an increase in demand for facility management solutions integrated with intelligent software. Moreover, growing changes in the structure of an organization along with work management and growing adoption of the Internet of Things (IoT) are also estimated to be the other important factors that are contributing significantly towards the growth of the market. However, lack of awareness regarding facility management solution and services is major factors constraints that are hindering the growth of the global facility management market across the globe.
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The COVID-19 pandemic in the major economies had disrupted working due to lockdown restrictions. However, the global facility management was positively affected by the COVID-19 pandemic since December 2019. As the facility management had supported in order to create a safe work environment. Additionally, the company had taken all the necessary steps for the purpose of reducing the adverse impact of this COVID-19 pandemic with the support of facility management.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Facility Management Market Report Segment
By Component
- Solutions
- Service
By Organization Size
- Large Enterprises
- Small and Medium-sized Enterprises (SMEs)
By Vertical
- BFSI
- IT and telecom
- Healthcare
- Education
- Retail
- Others
Global Facility Management Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global facility management market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where in the market.
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