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The market has experienced substantial growth due to the growing focus of businesses on improving their core competencies and the integration of the Internet of Things (IoT). This integration of the IoT supports the utilisation of smart building technologies, which help improve energy efficiency, optimise space usage, and enable predictive maintenance. Within buildings, IoT devices such as smart sensors and meters are strategically placed to monitor energy consumption patterns. By utilising IoT technology, automation, and intelligent controls, it is possible to dynamically regulate lighting, heating, ventilation, and air conditioning (HVAC) systems. This enables organisations to achieve optimal energy efficiency without compromising on the comfort of occupants.
The facility management sector is increasingly prioritising sustainability, placing a strong emphasis on the adoption of green building practices. This involves implementing energy-efficient technologies, reducing waste, and implementing environmentally friendly practices in order to obtain and uphold green building certifications, which can boost the North America facility management market value.
As the demand for environmentally friendly and sustainable office infrastructure continues to rise, facility management providers are broadening their range of services to meet these requirements. Furthermore, green building certifications, such as LEED (Leadership in Energy and Environmental Design), BREEAM (Building Research Establishment Environmental Assessment Method), or ENERGY STAR, are becoming increasingly important, influencing the North America market. These certifications serve as a widely recognised standard for sustainable building practices and showcase a dedication to environmental responsibility, exerting a positive influence on the market.
North America Facility Management Market Size
North America Facility Management Market Growth
North America Facility Management Market Trends
North America Facility Management Companies
North America 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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In 2023, the market reached an approximate value of USD 352.22 billion.
The market is estimated to grow at a CAGR of 6.2% between 2024 and 2032.
The market is estimated to witness a healthy growth during 2024-2032 to reach around USD 610.39 billion by 2032.
The demand for facility management is driven by the increasing focus of businesses on improving efficiency and streamlining building operations, efforts towards enhancing core-competencies, and rising preference for outsourcing.
The increasing integration of data analytics and artificial intelligence (AI) in building infrastructure to support energy efficiency and predictive maintenance and the rising emphasis on sustainable building practices and certifications are some of the major market trends.
The major regional markets are the United States of America and Canada.
The different end-uses are commercial, public/infrastructure, and industrial.
The major players in the market are Cushman & Wakefield Plc, Emeric Facility Services, CBRE, Inc., Jones Lang LaSalle IP, Inc., Express Facility Management, FacilityONE Technologies LLC, AHI Facility Services, Inc., ISS A/S, Shine Facility Services, LLC, and Guardian Service Industries, Inc., among others.
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