Facility Management Market Size, Share and Trends 2025 to 2034

Facility Management Market Size and Growth 2025 to 2034

The facility management market size accounted for USD 1.46 trillion in 2024 and is expected to reach around USD 2.38 trillion by 2034, expanding at a CAGR of 5% from 2025 to 2034.

Facility Management Market Key Takeaways

• In terms of revenue, the market is valued at $1.53 tillion in 2025.
• It is projected to reach $2.38 tillion by 2034.
• The market is expected to grow at a CAGR of 5% from 2025 to 2034.
• Asia Pacific led the global market with the highest market share of 38% in 2024.
• By service, the hard services segment has held the largest market share in 2024.
• By industry, the real estate segment captured the biggest revenue share in 2024.

Asia Pacific Facility Management Market Size and Growth 2025 to 2034

The Asia Pacific facility management market size was estimated at USD 550 billion in 2024 and is predicted to be worth around USD 900 billion by 2034, at a CAGR of 6.1% from 2025 to 2034.

Asia-Pacific dominated the facility management market in 2024. To offer their services to end users and extend their geographical footprint, established important players are focusing on partnering with local players.

Asia Pacific dominated the global facility management market with the largest share in 2024. Rising investments by governments in construction and various ongoing infrastructure projects are creating the need for efficient facility management services for maintenance and optimization of these assets. Growing adoption of smart technologies like artificial intelligence (AI), Internet of Things (IoT) and building automation systems is enhancing operational efficiency and predictive maintenance with improved energy management and real-time monitoring, leading to reduced costs and reliable service delivery. Furthermore, initiatives for smart city development in rising economies and increased emphasis on adopting sustainable practices are expected to boost the market expansion in the upcoming years.

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.

North America is anticipated to witness lucrative growth in the market over the forecast period. Increased focus towards implementation and management of sustainability initiatives provided by facility management services such as waste reduction programs, energy-efficient systems and green building certification like LEED (Leadership in Energy and Environmental Design) and WELL (The WELL Building Standard). Furthermore, increased awareness regarding health and safety in workplaces, integration of advanced technologies like Building Information Modeling (BIM) and data analytics, aging infrastructure creating the need for retrofitting of existing buildings, supportive government initiatives and stringent regulatory frameworks are contributing to the market growth.

Facility Management Market 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.

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.

Market Scope

Service Insights

In 2024, 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 2024 with a 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 2024. 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. 

Facility Management Market Companies 

• 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

Recent Developments

• In May 2025, SPIE, an independent European leading multi-technical services company focused on energy and communications, has been granted the contract for providing technical facility management services to the Commerzbank’s service centre in Frankfurt am Main for an extensive period of six years.  
• In May 2025, FlowPath, a key provider of Computerized Maintenance Management System (CMMS) software, launched its breakthrough Work Order AI Automation Package, designed specifically for serving as a 24/7 digital coordinator. The innovative facility management software leverages customizable AI agents for transforming facility operations with automation of work order management, monitoring and analysis. 
• In January 2025, Krystal Integrated Services Limited (KISL), a Mumbai-based facility management firm, secured contracts with the Airports Authority of India (AAI), Mumbai International Airport Limited (MIAL), and Maha Mumbai Metro Operation Corporation Limited (MMMOCL). Through the contract, Krystal will provide comprehensive services like housekeeping services at Aurangabad Airport and landside security services at Chhatrapati Shivaji Maharaj International Airport 
• 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.
• 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.

Segments Covered in the Report

By Type

• Outsourced
• In-house

By Component

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

By Region

• North America
  
• Latin America
  
• Europe
  
• Asia-pacific
  
• Middle and East Africa