Facility Management Market size was valued at US$ 51.61 Bn . in 2021 and the total revenue is expected to grow at CAGR 11.20% , reaching nearly US$ 107.29 Bn in  2029.

Facility Management Market Overview:

Maximize Market Research's 2023-2029 Global Report delves into an extensive and tailored examination of the Facility Management Market industry, specifically emphasizing the global market trends projected for the forecast period.

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Facility Management Market Scope:

The worldwide " Facility Management Market" study looks at important industry factors including progress, segmentation, growth prospects, opportunities, challenges, and competitive analysis. The segmentation analysis focuses on revenue and forecast by region, kind, and application for the period 2023-2029. This study investigates the market size, development status, and forecast, as well as a company profile. It also provides information on the competitive climate as well as data from the most important firms.

Facility Management Market Drivers:

Cloud-based facility management offers reduced operating costs, secure hosting of critical data, quick disaster recovery, improved security, and scalability. These factors are expected to drive market growth.

Outsourcing of facility management is continuously growing in popularity and before outsourcing they review the mix of insourcing, outsourcing on basis of cost, capability, and coverage. Outsourcing is contributing significantly to market growth.

Increased investment in infrastructure by governments in several countries and signing contracts with players to link and complete their infrastructure internally and globally as well is driving the market growth of facility management.

Facility Management Market Segmentation:

by Solutions

Facility Property Management
Integrated Workplace Management System
Facility Environment Management
Facility Operations & Security Management
Building Information Modeling

by Services

Consulting
SLA Management
Deployment & Integration
Auditing & Quality Assessment
Support & Maintenance

by Deployment Type

Cloud
On-Premises

by Organization Size

Small & Medium Enterprises
Large Enterprises

by Vertical

BFSI
Education
IT & Telecom
Publications & Research
Retail
Manufacturing
Healthcare
Government & Public Administration
Energy & Utilities
Construction & Real Estate
Others

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Facility Management Market Key Players: The key players are

1. IBM
2. Oracle
3. SAP
4. Trimble
5. Accruent
6. MRI Software
7. Planon
8. ServiceChannel
9. Service Works Global
10. FMX
11. Causeway Technologies
12. FM: Systems
13. Space well
14. iOFFICE
15. FSI
16. ARCHIBUS
17. Archidata
18. JadeTrack
19. UpKeep Maintenance Management
20. Apleona
21. FacilityONE Technologies
22. OfficeSpace Software
23. Facilio
24. eFACiLiTY
25. eMaint
26. Axxerion USAFAQS


Regional Analysis:

This comprehensive " Facility Management Market" study encompasses critical industry elements such as progression, segmentation, growth prospects, challenges, opportunities, and competitive analysis. The segmentation analysis primarily focuses on revenue forecasts categorized by region, type, and application spanning from 2021 to 2027. This evaluation scrutinizes market size, developmental status, forecasts, and company profiles, offering insights into the competitive landscape and data sourced from major industry players.

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COVID-19 Impact Analysis on Facility Management Market: