The Facility Management market in the
past was highly dominated by soft services but technological advancement has
led to the increasing demand for hard services during the review period
(2011-2017).
The
facility management companies have started using technologies as the use of
cutting edge tools, combined with rising demand for smart platforms, have
created a considerable demand for Computer Aided Facility Management (CAFM)
platforms. CAFM software provides facility management companies with
administrative real time information which help them to track, manage, report
and plan assets and facilities. CAFM helps in easing asset management, planned
maintenance, corrective maintenance and helping all stakeholders to make
collaborative informed decisions.
Facility
Management (FM) market in Oman has witnessed robust growth during the review
period; however, the market is still in its growth stage. The market is highly
fragmented with large number of players operating within the FM industry. The
contracts are majorly awarded to the inside based contractors. The FM market in
the past was highly dominated by soft services but technological advancement
has led to the increasing demand for hard services during the review period.
The
major growth drivers for the industry include the booming real estate market,
growing construction industry, increasing number of shopping malls and
supermarkets and expanding hospitality sector. The focus on Green Buildings
aligned to Vision 2030 has also created opportunities for FM services in the
country through the development of large scale projects.
The
commercial sector in Oman has been growing in recent years and is expected to
grow further with the 9th Five Year Development plan and Vision 2020 of the
country. Industrial sector has given a boost to the commercial sector in Oman
with various projects developing in this sector, having a positive impact on
the Oman Facility Management market. Moreover the rising retail sector is one
of the growth drivers for growth in the commercial sector.
The
primary challenge faced by the industry is the lack of awareness of FM services,
resulting in low penetration. In addition, under-developed outsourcing,
regulatory issues, low level of investment, low availability of skilled labor
and dependency on foreign expats are some of the other major challenges for the
facility management market.
The
report titled “Oman
Facility Management Market Outlook to 2022 – By Soft Services (Housekeeping,
Landscape Access and Façade Access, Security, Others) and By Hard Services
(HVAC, Electromechanical, Operational and Maintenance, Fire Safety and
Security)” believe that
the commercial sector in Oman has been growing and is expected to augment
further given the 9th Five Year Development plan and Vision 2020 of the
country. The market is expected to register a positive CAGR of 6.9% in terms of
revenue during the forecast period 2018-2022E. The market is further expected
to be driven by the rising competition from new companies entering the market.
Key Topics Covered in the Report
Facility
Management Services Industry
Oman
Facility Management Growth
Oman
Facility Management Trends
Soft
Facility Management Market Oman
Cleaning
Services Market in Oman
Electromechanical
Services Market Oman
Major
Companies Oman Facility Management
Facility
Management Market Middle East
Facility
Management Market GCC
Facility
Management Industry the Gulf
Muscat
Facility Management Market
Middle
East Facility Management Association
For more information on the research report,
refer to below link:
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