Facility Management Market (By Type: Outsourced, In-house; By Component: Solutions, Services; By Industry: Healthcare, Government, Education, Military & Defense, Real Estate, Others; By Deployment Mode: Cloud, On-premises; By Organization Size: Large enterprises, Small and medium-sized enterprises) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2022 – 2030


The global facility management market size was estimated at US$ 1.26 trillion in 2021 and is expected to surpass around US$ 1.9 trillion by 2030 with a registered CAGR of 4.7% from 2022 to 2030.

Facility Management Market Size 2022 to 2030

Growth Factors

The facility management encompasses a variety of services and disciplines aimed at ensuring the functionality, comfort, and efficiency of the built environment including buildings, real estate, and infrastructure. The communications management, operations and maintenance, business continuity, and emergency management as well as environmental responsibility and sustainability are all aspects of facility management. The project management, hospitality and human aspects, real estate and property management, and ergonomics are just a few of the topics covered in this course. Outsourcing facility management services allows businesses to better manage their corporate social responsibilities, comply to health and safety regulations and maintain the overall quality of their core operations. 

The expansion of the facility management market is being fueled by the rising focus of governments in a number of nations on infrastructure development particularly in the construction of ports, railways, airports, and other infrastructural projects. The facility management market is also predicted to increase due to numerous collaborations with several commercial contractors and various government initiatives involving multinational players. As a result, the facility management market is developing in accordance with the expansion of infrastructure.

Governments in both established and emerging countries are investing in the tourist industry as well as a variety of other industries. These tourism related expenditures are assisting in the construction of new infrastructure, which will help the facility management market to flourish. In addition, cloud-based solutions have provided dependable hosting facility management software that minimizes operating costs, improves security, and facilitates collaboration among diverse teams and subsidiaries located throughout the globe. The data can be accessed at any time and from any location. For the sustainability of the facility management market, all of these advantages have resulted in a growth in the use of cloud-based solutions.

Report Scope of the Facility Management Market

Report Coverage Details
Market Size by 2030 USD 1.9 Trillion
Growth Rate from 2022 to 2030

CAGR of 4.7%

Largest Market Asia Pacific
Fastest Growing Region North America
Base Year 2021
Forecast Period 2022 to 2030
Segments Covered Type, Deployment Mode, Industry, Component, Organization Size, Geography
Companies Mentioned Sodexo, Compass Group, Jones Lang LaSalle Incorporated, Johnson Controls International PLC, Dussmann Group, CBRE Group Inc., Aramark, ISS A/S, Tenon Group, Cushman & Wakefield PLC

 

Over the previous two decades, the global penetration of outsourced facility management services has expanded dramatically. Customers nowadays expect their facility management service provider to have a thorough understanding of the company’s goal and the ability to respond to the customer’s individual requirements, which is predicted to drive the global facility management market in the long run. With the growth of the facility management outsourcing market, facility management providers are expanding.

The facility management companies are concentrating their efforts on developing new and inventive methods to make facility assets and services not only relevant but also essential to improving customer experience, business administration, occupational physiology, and supporting their core business. The property management services are tailored to meet the financial goals of property owners in the short and long term. For their customers, service and solution providers create a strategic property operations plan based on a zero-based operating budget and capital plan. The experienced property managers and accounting professionals collaborate closely with engineering sciences staff to monitor and control all running costs in order to get the best potential return on investment.

One of the most important developing facility management market trends is the use of internet of things in facility management. The internet of things uses technology like predictive maintenance to reduce operating expenses while also increasing productivity. The lighting and refrigeration, security and safety alarms, fire suppression systems, and remote monitoring can all be automated via the internet of things. The internet of things solutions is also being offered by a variety of third-party outsourcing organizations such as building management service providers.

The infrastructure investment is a priority for governments in a number of countries. They have begun to make significant investments in the construction of trains and airports. There have been a number of cooperation with a variety of private companies including service providers to keep the infrastructure clean and green. Furthermore, governments are entering into agreements with a number of multinational players to finish and connect their infrastructure both inside and beyond borders. As a result, the facility management market is likely to be driven by the expansion of the infrastructure sector in various nations. Furthermore, service providers all around the world have multiple options for obtaining contracts from the private sector.

Service Insights

In 2021, the hard services segment dominated the facility management market. The key driver driving the hard services segment is the rapid growth of the building and construction industry as a result of increased urbanization around the world. 

The soft services segment, on the other hand, is predicted to develop at the quickest rate in the future years. Increased investments in waste management, wastewater management, energy management, and other green energy management industries have contributed to the growth of the segment. 

Industry Insights

The real estate segment dominated the facility management market in 2021 with market share of around 30%. The real estate sector is expected to be driven by continued growth in the building industry around the world over the projected period.

The government industry segment is fastest growing segment of the facility management market in 2020. In the global facility management market, the government sector is predicted to increase at a steady pace. This is due to the government’s emphasis on infrastructure development. 

Region Insights

Asia-Pacific dominated the facility management market in 2021. To offer their services to end users and extend their geographical footprint, established important players are focusing on partnering with local players.

Facility Management Market Share, By Region, 2021 (%)

North America, on the other hand, is expected to develop at the fastest rate during the forecast period. With the implementation of new technologies such as internet of things, artificial intelligence, robot adoption, and others, the facility management market in North America is predicted to rise steadily.

Key Developments

  • Sodexo and Bureau Veritas launched a hygiene verification mark for Sodexo services in June 2020, providing consumers with quality assurance. This collaboration includes on site facility management and culinary services.
  • In August 2019, ISS signed a five-year agreement with a prominent Nordic professional services organization.
  • Oracle teamed with Propre Japan Inc. in May 2020. Oracle Japan assist Propre Japan Inc. in developing Propre’s real estate big data platform, which will be available in 17 countries across the world.
  • Fortive purchased ServiceChannel in July 2021. ServiceChannel is a leading provider of multi-site software as a service. Along with Accruent and Gordian, it increased Fortive’s offering of facility and asset lifecycle workflow solutions.
  • Trimble was acquired by MRI Software in April 2021. Manhattan Real Estate and Workplace Solutions was acquired by MRI Software from Trimble.

Some of the prominent players in the global facility management market include:

  • Sodexo
  • Compass Group
  • Jones Lang LaSalle Incorporated
  • Johnson Controls International PLC
  • Dussmann Group
  • CBRE Group Inc.
  • Aramark
  • ISS A/S
  • Tenon Group
  • Cushman & Wakefield PLC

Segments Covered in the Report

By Type

  • Outsourced
  • In-house

By Component

  • Solutions
    • IWMS
    • BIM
    • Facility Operations and Security Management
      • Lighting Control
      • HVAC Control
      • Video Surveillance and Access Control
      • Emergency and Incident Management
    • Facility Environment Management
      • Sustainability Management
      • Waste Management
    • Facility Property Management
      • Lease Accounting and Real Estate Management
      • Asset Maintenance Management
      • Workspace and Relocation Management
      • Reservation Management
  • Services
    • Hard Services
      • Electrical
      • Civil
      • Mechanical
      • Specialized Hard Services
      • Others
    • Soft Services
      • Cleaning
      • Laundry
      • Landscaping
      • Security
      • Others
    • Other Services
      • Contract Management
      • Energy & Utilities
      • Maintenance Planning & Control
      • Others

By Industry

  • Healthcare
  • Government
  • Education
  • Military & Defense
  • Real Estate
  • Others

By Deployment Mode

  • Cloud
  • On-premises

By Organization Size

  • Large enterprises
  • Small and medium-sized enterprises (SMEs)

By Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Malaysia
    • Philippines
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East & Africa (MEA)
    • GCC
    • North Africa
    • South Africa
    • Rest of the Middle East & Africa

Frequently Asked Questions

What is the current size of facility management market?
According to Precedence Research, the global facility management market size was reached at US$ 1.26 trillion in 2021 and is anticipated to rake US$ 1.9 trillion by 2030.
The global facility management market is expected to drive growth at a CAGR of 4.7% from 2022 to 2030.
The major players operating in the facility management market are Sodexo, Compass Group, Jones Lang LaSalle Incorporated, Johnson Controls International PLC, Dussmann Group, CBRE Group Inc., Aramark, ISS A/S, Tenon Group, and Cushman & Wakefield PLC.
A significant driver of the facility management market expansion is the reduction of operational costs as a result of optimum resource utilization. These solutions aim to improve decision making abilities by increasing transparency in organizational processes.
Asia-Pacific region will dominate the facility management market during the forecast period.
  • Report Code:1624
  • Category:ICT
  • No. of Pages:150+
  • Format:PDF/PPT/Excel
  • Status:Published

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