Facility Management Market to reach USD 56.67 Billion by 2021
Global Event Management Software Market Analysis and Forecast to 2022 | Growth Opportunity Assessment
(EMAILWIRE.COM, June 08, 2018 ) The facility management market is estimated to grow from USD 28.90 Billion in 2016 to USD 56.67 Billion by 2021, at a high Compound Annual Growth Rate (CAGR) of 14.42% during the forecast period. Facility management solutions are gaining significant importance among organizations as they facilitate agility and efficiency in business functioning. The facility management concept comprises software and solutions that enable efficient management and use of work space, real estate, assets, relocation of offices and buildings, and energy management; it standardizes services and streamlines processes. The enterprises are moving beyond the traditional concepts of facility management to address rapid technology changes and today’s business needs that is helping in the increasing adoption of these solutions.
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The report provides detailed insights into the global facility management market, which is segmented by solution, service, deployment type, business size, vertical, and region. The maintenance management solution is observing great opportunities and is gaining significant importance among corporates as it facilitates the integration of specific tools which can be utilized for planning, forecasting, and evaluating maintenance work related to assets, equipment, properties, and any other related facilities
In terms of services, integration and deployment service is to dominate the facility management service market and is expected to contribute the largest market size, whereas managed service is set to grow at the highest rate during the forecast period. Facility management enabled easy installation and deployment of solution and also provides solutions according to the user requirements. This technology has become popular among enterprises and is expected to decide the future of the facility management. Business expansions and increasing investments in facility management across the world and the increasing adoption of these solutions is further fuelling the growth of the facility management market.
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The report covers all the major aspects of the facility management market and provides an in-depth analysis across the regions of North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and Latin America. The market in North America is expected to hold the largest share of the market. The APAC region is projected to have great opportunities in this market and would grow at the highest CAGR by 2021 due to the increasing adoption of facility management solutions in this region and the presence of various developing countries, such as China, India, and the Philippines.
However, there is a lack of managerial awareness, which may act as a restraining factor for the market. The traditional approach of manual workplace management is a tedious process. However, with the gradual increase in the adoption of these solutions and proliferation of their benefits, managers are anticipated to start favoring the use of these solutions for managing daily operations. Facility management market solutions have various benefits such as efficient business operations with easy integration and rapid deployment ability that helps in driving this market.
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About Us:
Research Cosmos is an aggregator of syndicated and bespoke market research, business intelligence and consulting services on gamut of sectors across the globe. We’re associated with world renowned publishers who when combined, serve hundreds of fortune listed companies and publish wide range of insightful reports which cover nook and corner of every industry vertical.
Explore More Information about report @ https://www.researchcosmos.com/reports/global-facility-management-market-analysis-and-forecast-to-2022-growth-opportunity-assessment/2299825
The report provides detailed insights into the global facility management market, which is segmented by solution, service, deployment type, business size, vertical, and region. The maintenance management solution is observing great opportunities and is gaining significant importance among corporates as it facilitates the integration of specific tools which can be utilized for planning, forecasting, and evaluating maintenance work related to assets, equipment, properties, and any other related facilities
In terms of services, integration and deployment service is to dominate the facility management service market and is expected to contribute the largest market size, whereas managed service is set to grow at the highest rate during the forecast period. Facility management enabled easy installation and deployment of solution and also provides solutions according to the user requirements. This technology has become popular among enterprises and is expected to decide the future of the facility management. Business expansions and increasing investments in facility management across the world and the increasing adoption of these solutions is further fuelling the growth of the facility management market.
Request free sample @ https://www.researchcosmos.com/request/2299825
The report covers all the major aspects of the facility management market and provides an in-depth analysis across the regions of North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and Latin America. The market in North America is expected to hold the largest share of the market. The APAC region is projected to have great opportunities in this market and would grow at the highest CAGR by 2021 due to the increasing adoption of facility management solutions in this region and the presence of various developing countries, such as China, India, and the Philippines.
However, there is a lack of managerial awareness, which may act as a restraining factor for the market. The traditional approach of manual workplace management is a tedious process. However, with the gradual increase in the adoption of these solutions and proliferation of their benefits, managers are anticipated to start favoring the use of these solutions for managing daily operations. Facility management market solutions have various benefits such as efficient business operations with easy integration and rapid deployment ability that helps in driving this market.
Check for discount @ https://www.researchcosmos.com/discount/2299825
About Us:
Research Cosmos is an aggregator of syndicated and bespoke market research, business intelligence and consulting services on gamut of sectors across the globe. We’re associated with world renowned publishers who when combined, serve hundreds of fortune listed companies and publish wide range of insightful reports which cover nook and corner of every industry vertical.
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Research Cosmos
Dani Rodriguez
Tel: +1 888 709 8757
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results