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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Facility Management Services Market Growth
Facility management services refer to services which ensure the safety, comfort, operability, and sustainability of buildings, grounds, and infrastructure, among other facilities. Such services use a set of tools and systems that facilitate various facility-related operations such as lease management, project planning, and energy management, among others.
The surge in the development of commercial and government infrastructure across developed and emerging economies is heightening the application of facility management services to maintain valuable assets, optimise space management, and reduce overall operations and maintenance costs. The increasing development of smart buildings, along with the rising installation of advanced HVAC systems, is further bolstering the growth of the facility management services market.
Facility Management Services Market Report Snapshots
Facility Management Services Market Size
Facility Management Services Market Growth
Facility Management Services Market Trends
Facility Management Services Market Share
Facility Management Services Companies
Facility Management Services 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
The market reached a value of nearly USD 1453.1 billion in 2023.
The market is estimated to grow at a CAGR of 5.8% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of around USD 2413.6 billion by 2032.
The surge in the development of commercial and government infrastructure, the increasing adoption of cloud-based facility management solutions by end users, and growing safety concerns across offices and commercial spaces are the major drivers of the market.
The key trends in the market include the growing collaborations between leading market players to develop ground-breaking smart integrated facility management solutions and the integration of facility management services with advanced technologies, such as IoT, 5G, digital twin, and data analytics, among others.
Soft services, hard services, and management services, among others, are the different services considered in the market report.
In-house and outsourced are the major types of facility management services covered in the market report.
CBRE, Inc., Compass Group PLC, Jones Lang LaSalle (JLL), Dusters Total Solutions Services Private Limited, BVG India Limited, FMS pbc, Facility Services Management, Inc., ISS A/S, Cushman & Wakefield, Inc., Sodexo, Mace Group I.C.S Limited, and Flexim Group SA, among others, are the key facility management services market players.
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