NEW YORK, March 19, 2019 /PRNewswire/ -- Global Integrated Facility Management Market By Type (Hard Service & Soft Service), By Resource Type (Critical & Non-Critical), By Solution, By Deployment Type, By End-User, By Region, Competition, Forecast & Opportunities, 2024
Read the full report: https://www.reportlinker.com/p05757896/?utm_source=PRN
Global integrated facility management market stood at $ 84.5 billion in 2018 and is projected to reach $ 127.7 billion by 2024, growing at a CAGR of over 7% during 2019-2024, owing to rising adoption of IoT, changing organizational structure & work management, and increasing development of sustainable infrastructure. Growing presence of many enterprises and increasing demand for connected devices for building automation across various industry verticals are some of the other factors that would drive the market in coming years. An integrated facility management (IFM) system is an information technology (IT) based fiscal and financial management system, which is used by many public and private firms and government entities to commence, spend and supervise their financial statement. The IFM system commences and handles their expenditure, as well as supervises and reports their financial activities.
Improving economic conditions across developing countries are boosting demand for outsourced FM services, which is aiding global integrated facility management services market.Adoption of integrated facility management services is expected to grow in the near term due to rising awareness of integrated facility management services and increasing cross-border presence of integrated facility management service providers.
These cross-border mergers & acquisitions along with the increased customer network and regional coverage are creating significant market opportunities for integrated facility management service providers.
In terms of end users, the market for integrated facility management services has been categorized into BFSI, utilities, aerospace and defense, telecommunication, manufacturing, supply chain & logistics, real estate & infrastructure, healthcare, retail and others. Among the end users, real estate & infrastructure segment dominated the market in 2018 and is expected to maintain its market dominance during the forecast period, primary owing to rapid infrastructure development and rising focus on integrated facility management services.
In 2018, North America lead global integrated facility management market, with the US being the largest market for integrated facility management services, on account of growing real estate sector in the country.Moreover, organized players are increasingly outsourcing facility management services, which is further fueling growth of the US integrated facility management market.
Additionally, integrated facility management service providers are investing in building construction and integrated services, which is anticipated to boost the market in the coming years.
Market consolidation at the global and regional scale is increasingly common in the competitive integrated facility management market. Some of the major players in global integrated facility management market are Compass Group PLC, Sodexo, Inc., CBRE Group, Inc., Cushman & Wakefield, Jones Lang LaSalle Incorporated (JLL), ISS Facilities Services Inc. and others.
Years considered for this report:
Historical Years: 2014-2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020-2024
Objective of the Study:
? To analyze and forecast global integrated facility management market size.
? To classify and forecast global integrated facility management market based on type, resource type, solution, deployment type, end user and regional distribution.
? To identify drivers and challenges for global integrated facility management market
? To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global integrated facility management market.
? To conduct the pricing analysis for global integrated facility management market.
? To identify and analyze the profile of leading players operating in global integrated facility management market.
Some of the major players operating in global integrated facility management market are Compass Group PLC, Sodexo, Inc., CBRE Group, Inc., Cushman & Wakefield, Jones Lang LaSalle Incorporated (JLL), ISS Facilities Services Inc. and others.
The analyst performed both primary as well as exhaustive secondary research for this study.Initially, The analyst sourced a list of service & solution providers across the globe.
Subsequently, The analyst conducted primary research surveys with the identified companies.While interviewing, the respondents were also enquired about their competitors.
Through this technique, The analyst could include the service & solution providers which could not be identified due to the limitations of secondary research. The analyst analyzed the service offerings, distribution channels and presence of all major service & solution providers across the globe.
The analyst calculated global integrated facility management market size using a top down approach, where data for various applications across various end-user segments was recorded and forecast for the future years was made.The analyst sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these service types and applications for getting an appropriate, overall market size.
Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by the analyst.
Key Target Audience:
? Integrated facility management service & solution providers
? Integrated facility management vendors
? Industry associations and experts
? Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as service & solution providers and partners, end users etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, global integrated facility management market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
? Market, by Type:
? Hard Service
? Soft Service
? Market, by Resource Type:
? Market, by Solution:
? Asset & Space Management
? Project Management
? Real Estate Portfolio Management & Lease Administration
? Energy & Environment Sustainability Management
? Maintenance Management
? Market, by Deployment Type:
? Market, by End-User:
? Aerospace & Defense
? Supply Chain & Logistics
? Real Estate & Infrastructure
? Market, by Region:
? North America
? South America
? Middle East & Africa
Company Profiles: Detailed analysis of the major companies operating in global integrated facility management market.
With the given market data, we offers customizations according to a company's specific needs. The following customization options are available for the report:
? Detailed analysis and profiling of additional market players (up to five).
Profit Margin Analysis
? Profit margin analysis in case of direct and indirect sales channel.
Read the full report: https://www.reportlinker.com/p05757896/?utm_source=PRN
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.
Contact Clare: email@example.com
Intl: +1 339-368-6001
These press releases may also interest you