Global Integrated Facilities Management Market to Grow at a CAGR of 4.7% in the Forecast Period of 2024-2032

The global integrated facilities management market is growing and is expected to witness a healthy growth in the coming years as well. The leading regions in the market include the United States, Australia, the United Kingdom, France, Germany, New Zealand, and Spain. The facilities management market significantly drives the growth of the integrated facilities management market.  The North America facility management market is majorly being driven by its end-use industries like pharmaceutical, oil, gas, CPG, BSFI, chemical, etc. The increasing multinationals in regions like the Asia Pacific are resulting in a surplus demand for outsourced facility management market. The rapidly growing economies of these regions are also propelling the market growth of integrated facilities management.

In 2018, CBRE (NYSE: CBRE), one of the key players, announced its acquisition of a Kentucky-based consulting firm, named Noveen Consulting. Noveen is focussed on providing healthcare facilities. It helps healthcare owners optimise the economics of operating as well as owning healthcare facilities. Noveen Consulting’s acquisition will enable the expansion of CBRE’s healthcare facility management portfolio.

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Market Analysis by Service Type, Application, and Regions:

• The sourcing models under facilities management include in house FM, single FM, bundled FM, and Integrated FM.
• Based on service, facility management covers hard and soft service.
• Integrated facilities management finds end use in public/infrastructure, commercial, industrial, institutional, and others.
• The regional markets include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The growing demand for facilities management is driving the demand for integrated facilities management market.
• The increasing FM sourcing, as well as IFM strategy, is providing a push to the integrated facilities market.
• The ever-increasing construction sector is propelling the growth of the industry further, especially in developing regions like Asia Pacific and Latin America.
• The rising number of multinationals in emerging regions like the Asia Pacific and some countries of the Middle East and Africa are driving the market growth further.

Key Offerings of the Report:

• The EMR report provides an overview of the global integrated facilities management market for the periods (2018-2023) and (2024-2032).
• The report also offers the historical (2018-2023) and forecast (2024-2032) markets for the end use and regions of integrated facilities management.
• The EMR report provides a SWOT analysis as well as a cost analysis of market.

The major key players in the global integrated facilities management market include Jones Lang LaSalle, IP, Inc., Sodexo, ISS Facility Service, CBRE, and Compass Group PLC, Cushman & Wakefield, among others. The comprehensive report covers their market share, capacity, and latest developments like mergers and acquisitions and capacity expansions.

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