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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.
Global Facility Management Market Trends
The integration of artificial intelligence, machine learning, and IoT has been at the forefront of transforming facility management services. These technologies enable predictive maintenance, which anticipates and addresses issues before they become problematic, thereby reducing downtime and associated costs. Smart operations, facilitated by AI and machine learning, optimise building systems to enhance efficiency and service delivery.
The growing global emphasis on sustainability has significantly influenced the facility management market expansion. This trend involves adopting green practices such as implementing energy-efficient systems, reducing waste, and sourcing materials sustainably. The aim is to minimise the environmental footprint of facilities while complying with increasingly stringent regulatory requirements. Sustainable practices not only contribute to environmental conservation but also lead to significant cost savings over time, particularly through reduced energy and resource consumption.
Furthermore, data collected from IoT devices can be analysed using AI to optimise energy consumption, directly contributing to sustainability efforts. Predictive maintenance ensures that systems operate at peak efficiency, reducing unnecessary energy use and prolonging the life of equipment, which aligns with sustainability by minimising waste.
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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