Facility management comprises management methods and techniques of building management and infrastructure management of an organization to ensure the functionality of the built environment. The major factors contributing towards the growth are the growing need for maintaining the environmental and regulatory compliance and the demand for single integrated facility management.
According to Market Research Future, the global facility management services market has been segmented into services, deployment, organization size, industry vertical, and region.
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Other players in the market include iOFFICE Corp. (U.S.), Maintenance Connection Inc. (U.S.), JadeTrack Inc. (U.S.), MetricStream Inc. (U.S.), Facility Management eXpress LLC. (U.S.), eMaint (U.S.), Hippo CMMS. (Canada), FSi Limited (England), Indus Systems, Inc. (U.S.), Autodesk, Inc. (U.S.), NEMETSCHEK SE (Germany), Archidata Inc. (Canada), OfficeSpace Software Inc. (U.S.), FacilityONE Technologies LLC (U.S.), and Apleona GmbH (Germany).
The global Facility Management Market services is estimated to grow at a significant rate during the forecast period from 2017 to 2023. Among these regions, the market was led by North America due to technological advancements in the region and early adoption of the technology. One of the major factors contributing to the growth of the facility management market in North America is the growing adoption of software in enterprises and government and public sectors. North America, due to early adoption of this technology, has experienced a high market share in the facility management services market.
Europe is one of the technically advanced regions in terms of adoption of new technologies. The region has the highest number of industrial and manufacturing plants thereby requiring facility management services to manage facility/plant related operations. The market in Europe is expected to show a decent growth during the forecast period. At present, the market is holding the second spot in terms of market share. One of the major reasons for the matured growth of the facility management market in Europe is due to rise in automation and adoption of solutions catering to automation.
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