Facility Management Services Market Size By Type (Soft Services and Hard Services), By Application (Commercial Buildings, Government Buildings, and Residential Buildings), By Geographic Scope And Forecast

Report Highlights

Facility Management (FM) Services Market Insights

Facility Management (FM) Services Market was valued at USD 1,209.7 Billion in 2019 and is projected to reach USD 1,991.3 Billion by 2027, growing at a CAGR of 5.95% from 2020 to 2027.

The Facility Management (FM) Services Market report provides a holistic evaluation of the market for the forecast period. The report comprises various segments as well as an analysis of the trends and factors that are playing a substantial role in the market. These factors; the market dynamics involve the drivers, restraints, opportunities, and challenges through which the impact of these factors in the market are outlined. The drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market. The Facility Management (FM) Services Market study provides an outlook on the development of the market in terms of revenue throughout the prognosis period.

Global Facility Management (FM) Services Market Overview

The Facility Management (FM) Services Market has emerged as the fastest-growing market. This can be attributed to several factors, such as increasing investment in IT infrastructure across the globe, reduced operating and capital expenditure for maintaining equipment and in-house staff, and operational effectiveness. Increasing investment in real estate and property management market is the key factor driving the growth of the global market.

This report provides an all-inclusive environment for the analysis of the Facility Management (FM) Services Market. The market estimates provided in the report are the result of in-depth secondary research, primary interviews, and in-house expert reviews. These market estimates have been considered by studying the impact of various social, political, and economic factors along with the current market dynamics affecting the Facility Management (FM) Services Market growth.

Along with the market overview, which comprises the market dynamics the chapter includes Porter’s Five Forces analysis which explains the five forces: namely buyers’ bargaining power, suppliers’ bargaining power, the threat of new entrants, the threat of substitutes, and degree of competition in the Facility Management (FM) Services Market. It explains the various participants, such as system integrators, intermediaries, and end-users within the ecosystem of the market. The report also focuses on the competitive landscape of the Facility Management (FM) Services Market.