Global Market for Facilities Management is Projected to Reach US$698.8 Billion by 2020

Expanding Commercial Infrastructure in Developing Regions Drives the Global Facilities Management Market, According to New Report by Global Industry Analysts, Inc.

GIA announces the release of a comprehensive global report on Facilities Management markets. Global market for Facilities Management is projected to reach US$698.8 billion by 2020, driven by recovering residential and commercial construction activity, focus on reducing building operating costs, and increasing trend toward outsourcing of facility management operations.

Referred to as  provision and management of services that support the core activities of an organization, demand for facilities management (FM) services is gaining momentum worldwide. Given the growing need among various organizations to create efficiencies, reduce costs and enhance service delivery, demand for FM services is poised to witness growth in the coming years. Steady rise in global GDP, and improvement in construction activity across the world, is currently driving gains in the market. Future growth in the market will be driven by increased outsourcing of FM activities to third party service providers. Emphasis on cost containment and growing complexity of facility management related to security and property management, are key factors spurring demand for third party FM services. Other important growth drivers include rising demand for cross-border FM services, increasing focus on health, sanitation and wellbeing, and rising awareness over the benefits of FM services. Popularity of green building practices is also helping support demand for FM services.

Evolution of strategic integrated FM services, which combine both planning and management, represents a major trend in the market. Increasing adoption of FM services in new end-use industry verticals such as infrastructure, education and healthcare markets is expected to bring in new opportunities for growth. Technology advancements poised to benefit the market in the near term include active management analytics, hosted building management software, building information modeling, building automation system, geographic information systems, and computer assisted facility maintenance and biometrics. Computer-Aided Facility Management (CAFM) is expected to witness strong demand supported by the proliferation of cloud computing technology which offers shared computing resources to customers on demand.

As stated by the new market research report on Facilities Management, Europe represents the largest market worldwide. Asia-Pacific ranks as the fastest growing market with a projected CAGR of 4.4% over the analysis period. Growth in the region is led by healthy gains in GDP growth, increasing number of commercial and industrial establishments, stable infrastructure investments in education and healthcare, growing focus on building asset and space management, and increasing adoption of IT enabled solutions.

Key players covered in the report include ABM Industries Incorporated, Amey Plc, Aramark Corporation, Bellrock Limited, Bilfinger Europa, Bouygues Energies & Services, Carillion Plc, Cofely, EMCOR Group Inc., Elior, Fluor Corporation, Globe Williams International, Interserve PLC, ISS UK, Johnson Controls Inc., Kier Facilities Services Limited, MITIE Group Plc, Sodexo, Turner Facilities Management Ltd., and VINCI Facilities, among others

The research report titled “Facilities Management: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides market estimates and projections in US dollars for all major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, and Rest of Europe), Asia-Pacific, and Rest of World.

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