Facilities Management Market Predicted to Be Worth $2 Trillion By 2025

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Facilities Management Market Projected to Exceed
2 Trillion By 2025 Global Market Insights
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• Facilities Management Market Scenario

• Facilities Management Market size is expected to
  exceed USD 2 trillion by 2025. The rising
  investments in smart city projects across the
  world have led to the growing demand for
  facilities management services.
• The growing tourism and hospitality industry have
  led to the rising demand for FM services across
  hotels, restaurants, and entertainment centers
• The increase in investments in the real estate
  and construction industry across the globe is
  supporting the market growth. For instance, in
  2017, the Canadian government issued an
  additional funding of USD 81.2 billion across
  five priority infrastructure streams including
  public transit, trade, green, social, and
  transportation.

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• The slow adoption of outsourced FM services can
  restrict market growth as the enterprises are
  inclined toward the use of in-house management
  staff. The in-house facilities management team
  may lack the required skillset and training
  required for performing specific operations,
  which may result in an inefficient approach
  toward the management of valuable assets of the
  organization.
• The hard service segment is expected to hold a
  major share by 2025 due to the development of
  smart homes and offices. These smart homes and
  offices include different physical assets such as
  electrical and mechanical equipment, elevators,
  fire safety systems, and HVAC systems. Such
  systems require frequent maintenance to support
  their uninterrupted operations.

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• Regional Analysis

• The proliferation in smart city development
  projects in Asia Pacific and the MEA is expected
  to drive market growth

• Competitive Analysis

• The major companies operating in the market are
  focusing on securing government contracts for FM
  services to enhance their profitability.
• Some of the major companies operating in the
  market are CA Technologies, CB Richard Ellis
  (CBRE), Aramark, Colliers International, EMCOR
  Group, Inc., and G4S plc

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