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Report Overview
The facility management market was valued at USD 1599.27 Billion in 2024. It is expected to grow at a CAGR of 3.60% from 2025 to 2034, reaching approximately USD 2277.82 Billion by 2034.
2024
Base Year
2018-2024
Historical Period
2025-2034
Forecast Period
- North America, being the largest data centre market region, is expected to extensively utilise energy and utility management services owing to the high power consumption.
- Major companies, such as Intel, Microsoft, and Nike , among others, are increasingly shifting manufacturing facilities from China to other regions, including Europe, Southeast Asia, and Latin America.
- The rapid adoption of renewable energy sources such as natural gas and solar PV is expected to surge the demand for energy and utility management services.
Facility Management Market Competitive Landscape
Some of the major players included in the market are increasingly utilising artificial intelligence and machine learning for improved services
CBRE Group, Inc.
CBRE Group, Inc. is a global commercial real estate services and investment firm, headquartered in Texas, United States. It was founded in 1906 and is one of the largest companies of its kind, offering a broad range of services including property management, investment management, appraisal and valuation, property leasing, strategic consulting, property sales, mortgage services, and development services.
Compass Group
Compass Group is a British multinational contract food service company, headquartered in Surrey, England. With the beginning of its operations in 1994, the company has established itself as the largest contract food service company in the world. Compass Group provides catering and support services in a variety of sectors, including education, healthcare, corporate, and leisure. Their services range from food service to facility management, including cleaning and security services.
Jones Lang LaSalle Inc. (JLL)
Jones Lang LaSalle Incorporated, commonly known as JLL, is a global commercial real estate services company, with its origins dating back to 1783. Headquartered in Illinois, United States, JLL provides a wide range of services such as real estate and investment management, corporate leasing, property management, project and development services, and valuation and advisory services. JLL serves clients in both commercial and residential real estate sectors, offering expertise and strategic advice to help them navigate the property market.
Dusters Total Solutions Services Pvt. Ltd
Dusters Total Solutions Services Pvt. Ltd, often referred to as DTSS, is an Indian facility management services company, founded in 1994. While not as globally renowned as the other firms mentioned, DTSS provides a comprehensive range of services including housekeeping, security, engineering maintenance, and pest control services. It caters to various sectors including corporate offices, educational institutions, malls, hospitals, and industrial facilities, focusing on delivering customised and efficient solutions to meet the specific needs of its clients.
Other key players in the global facility management market are BVG India Limited, ISS Facility Services India Pvt. Ltd., Cushman & Wakefield, Inc., Sodexo, Mace Group, and Flexim Group SA, among others.
Players in the facility management market are increasingly innovating with the integration of the latest technologies such as IoT, AI, machine learning, and automation to improve services for facility management. By adopting these technologies, FM providers can offer more efficient, predictive maintenance services, smarter building management solutions, and enhanced customer experiences. This not only helps in differentiating their services but also in improving operational efficiencies.
Facility Management Market Report Snapshots
Facility Management Market Size
Facility Management Market Trends
Facility Management Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2024, the market attained a value of nearly USD 1599.27 Billion.
The market is assessed to grow at a CAGR of 3.60% between 2025 and 2034.
The market is estimated to witness a healthy growth in the forecast period of 2025-2034 to reach about USD 2277.82 Billion by 2034.
The growth of the market is driven by the inclusion of changes in workplace designs and work culture, rising focus on enhancing efficiency and improving workflow, growing construction activities, and rising infrastructural investments.
The key trends guiding the growth of the market include the growing adoption of integrated facility management (IFM) and the rising shift towards digital technologies.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading types of facility management in the market are in-house and outsourced.
The key players in the market are CBRE Group, Inc., Compass Group, Jones Lang LaSalle Inc., Dusters Total Solutions Services Pvt. Ltd, BVG India Limited, ISS Facility Services India Pvt. Ltd., Cushman & Wakefield, Inc., Sodexo, Mace Group, and Flexim Group SA, among others.
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