Changing Trends In The Facility Management Market Outlook: Ken Research

The industry of the facility management across the developed region has observed a speedy growth during the few years. The market has augmented in millions during the recent past years at an effective CAGR. The positive growth in the infrastructure industry and booming the hospitality segment in the respective region has developed the requirement for the facilities management services in the region. In addition, the growth in the project activity centered on the tourism, construction of resorts, hotel and budget hotel chains in the kingdoms have upstretched the requirement for the soft and hard services in the respective economy. The positive augment in the real estate market in Saudi Arabia has augmented the quantity of residential and commercial units. This has resulted in the growing requirement for the facilities management services particularly housekeeping services.

Not only has this, But the market of facility management can be majorly sectored based on the types of services suggested such as hard services and soft services. Whereas, the hard services registered the market of facilities management in the developed region with an effective percentage in the revenue during the recent past years. The soft services have added an effective percentage share in the terms of revenues during the recent past years. The positive growth in the construction facilities coupled with the fresh green and energy proficient concept in the design of the shopping center, hospitals, airports, and several others has led to develop in the requirement of the HVAC, functions, and maintenance services, electromechanical services, and fire safety and security system further impacting the facility management market more enormously.

Furthermore, based on the integrated services, bundled services, and single services, an integrated service was the largest underwriter in the market with the handsome amount of percentage share in the revenues of the facilities management industry during the recent past years. In Saudi Arabia, the corporates opt for integrated services in order to restrict the complexity by decreasing the number of services merchants, manage the single point of contact and introduce the financial certainty of the consumers. For instance, the single services have underwritten an effective percentage of shares in the revenues of the industry. The bundled services are the least underwriter in the revenues of the industry.

Although, based on the sector, the residential segment was in led with the effective percentage of share in the facility management in terms of revenue generation during the recent past years. In Saudi Arabia, the government’s initiative following the Arab Spring in 20122 announced the schedule of the construction which led to the growth in the residential segment further growing the requirement of the facility management services Market in this segment. The commercial segment has added an effective percentage of shares in the revenues of the industry. Not only has this, but the hospitality segmented also added an effective share of percentage in the revenues of the facility management industry. Several other segments involve logistics, oil and gas, education and several others. Furthermore, the positioning of the foremost players in the facility management industry. Although, the market has been elevated due to the growing awareness and requirement of the facility management market. Therefore, in the coming years, it is anticipated that the market of facility management will increase around the globe over the near future.

Related Reports:-

Chile Facility Management Market Outlook to 2023 – By Soft Services (Housekeeping, Security, Landscaping and Others); By Hard Services (Electromechanical Services, Operations, and Maintenance Services, Fire Safety and Security Systems); By Integrated Services; and By End User Sectors (Industrial and Public Infrastructure, Retail and Commercial, Hospitality and Residential)

Vietnam Facility Management Market Outlook to 2023 - By Single, Bundled and Integrated Services; By Soft Services (Housekeeping, Security, Landscaping, and Others) and Hard Services (Electromechanical Services, Operations, and Maintenance Services, Fire Safety and Security Systems), By End User Sectors (Commercial, Industrial, Hospitality, Residential, Infrastructure, and Others)

Indonesia Facility Management Market Outlook to 2023 - By Single, Bundled and Integrated Services; By Soft Services (Housekeeping, Security, Landscaping and others ) and Hard Services (Electromechanical Services, Operations, and Maintenance Services, Fire Safety and Security Systems), By End User Sectors (Industrial, Commercial, Residential, Infrastructure, and others)

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Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

Insights Of The Facility Management Services Market Outlook: Ken Research

Facility Management Market:- The facility management services Market are at an increasing stage across the globe and majorly in the developed regions. The industry revenue has augmented at an effective CAGR during the review duration. This growth was suggested by the greater FDI inflows in the respective region, the public segment outsourcing, cost control determinants, effective requirement from the commercial, industrial and several other segments, greater urbanizations and technological advances, along with growing desires for the residential and commercial locations in the respective the region, wherein the market players outfitted to the requirements of the clients for both soft and hard services. The clients in the market are exceedingly price-sensitive and a shortage of consciousness related to the importance of the facility management services have occasioned in the minor amount of infiltration of these services.

Furthermore, the integrated facility management market is comparatively at an increasing stage in the region and its popularity has positively augmented in the outsourcing of services and an object to attain the cost and operational proficiency, for both the merchants and individuals. The Facility Management Market Growth effectively optimized by both the local corporates and MNCs in the respective region such as Vietnam. Whereas, the local corporates primarily prefer the bundled and single services owing to their insignificant scale of performance additionally, the MNCs prefer integrated facility management (IFM) services in Vietnam.

Although, based on the soft services and hard services, the major regions across the globe predicted to be dominated by the soft services in terms of creating revenue of an effective amount. The improvement in the segments namely robust the requirement for the retail and commercial spaces, real estate, growth in the foreign direct investment and an augment in the commercial activities have bigger the requirement for the soft services in the respective region due to the growth in the requirement for cleaning and security services. On the other hand, the hard services registered the left out share in the entire market of facility management.

However, by the personnel variety, the facility management services market in Vietnam in the recent past years was registered by the services which were delivered through in-house labor to the other corporates in the market. It registered more than the half share in the total revenue in the facility management market, the left share registered by the outsourced personnel. In addition, by the soft services namely housekeeping, security, landscaping and several others, however, the housekeeping services was the greatest underwriter to the soft services industry in the recent past monitored by the landscaping, security services and several other soft services involving the property services, mail delivery services and several other numerous services. The initial growth in the residential, commercial and retail spaces have led to augment in the requirement for the cleaning services in the developed regions.

Based on the future outlook, it is predicted that the industry of facility management revenue will augment at an effective CAGR during the forecast period. The effective growth in the requirement from the multinational consumers is predicted to foster the future requirement for integrated facility management services along with the industrial developments, infrastructure segment being the future penetration segments for the Integrated Facility Management. Nonetheless, effective expansion in the retail, industrial and infrastructure segments’ spending will further growth to the need of the facility management services.

Key Topics Covered in this Report:-

Facility Management Market Research Reports

Facility Management Industry Research Reports

Research Reports on Facility Management

Facility Management Market Analysis

Facility Management Market Future Outlook

Facility Management Market Major Players

Soft and Hard Facility Management Services Market

Facility Management Services Market Revenue

Facility Management Market Growth Rate

Facility Management Market

Facility Management Industry

Facility Management Market Forecast

Facility Management Market in Healthcare

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Related Report:-

Indonesia Facility Management Market Outlook to 2023

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

Landscape Of The Facility Management Market Future Outlook: Ken Research

Facility Management:-The facility management market in Chile was witnesses in its increasing stage. In terms of revenue, the market has augmented at appositive double-digit CAGR during the forecast duration. This growth was helped by growing investor activities, the cost hold measures, extraordinary requirement from the several end-user segments, acceptance of the sustainable practices and technological advances, through the growing requirement for the commercial and industrial segment in the region, wherein the market players attained to the requirement of the consumers for both the hard services and soft services. The efficient growth of the construction industry, due to the government’s schedule with the respect to the improvement of the transport infrastructure, energy, and utilities coupled with the affordable housing and investments in the seaports, railways lines, and special economic zones has fostered the requirement for the Facility Management Services Market in the region.

Facility Management Market Growth Rate that in the facility service market across the globe was witnesses to be moderately segmented along with the existence of several facility service merchants in the market. Moreover, on the basis of soft services, the cleaning services registered in terms of revenue during the forecast period followed by the security services. The growth in the residential, retail spaces and commercial had spiked the requirement for the cleaning services in the foremost and industrialized regions. Not only has this, in terms of revenue the electromechanical services sector registered during the forecasted period. These services involve a vertical transport system, UPS system, electrical power system, lighting systems, lift management, and several others. Fire protection and security systems collectively apprehended the remaining revenue share in the forecasted period in the developed regions.

Furthermore, based on the services, the integrated facility services underwrote a foremost share in the terms of creating revenue for the industry in the review period and are widely required by retail and commercial private segments This was followed by the single and bundled facility management services in the recent past years.

Based on the research, it is predicted that in the market of facility management there are numerous key players which presently functioning more positively for leading the fastest market growth and registering the high value of revenue around the globe and in the respected regions while developing the productivity of the services, decreasing the cost, developing the technologies in the underdeveloped region, increasing the demand and delivering the better consumer satisfaction includes Contrack FM, Enova, EFS Facilities Management, IFMC - Apleona Group, Egypro-FME, CBRE, JLL, Qeema FM, G4S, Savills, ProService, Encorp Facility Management, Emdad Facility Management and Egypt Service, ISS, Jones Lang LaSalle (JLL),Sodexo, Coldwell Banker Richard Ellis (CBRE),Colliers, GrupoEulen,Grupo Facility, All Facility, Linkes Facility, Mancorp,Cushman and Wakefield,Aramark and several others.

In terms of revenue, the Facility Management Market Future Outlook anticipated that the market will increase at a positive CAGR during the review period due to the growth in the requirement for both soft and hard services that will be further increased widely owing to the great growth in the construction, healthcare, and tourism across the globe. Therefore, in the coming years, it is anticipated that the market of facility management will increase around the globe with a wide amount of investment by the players for enlarging the enterprises.

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Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

Facility Management Market | Facility Management Services Market Revenue: Ken Research

Facility Management Industry:-The industry of real estate is gaining efficient consideration with the more developed in the technology and with the segment of facility management in the present time. Whereas, the Facility Management Market has converted into a more improved platform with significant advancement in the technology at a large scale in the respective region as it is the richest market and involves a wide amount of transactions that might be done among the economies also. The facility management is an energetic profession that incorporates numerous disciplines to authorize the comforts, functionality, safety, and proficiency to create the surrounding by participating the people, technology, place, and procedures. Furthermore, the Major players in this market is playing an important role in attaining the handsome value of the market share and dominating the highest market growth across the globe, while introducing the e-commerce platform for accomplishing the increasing requirement of the potential buyers and proposing effective services.

Although, propelling the requirement for the facility management services are the initiation of the co-working office market. Co-working spaces focus to generate a cooperative observation for its residents and facility management services that aim at the conveyance of this through the well-organized management of the operation, cost submission through the technology interface and wellness, processes will be more sought after. Therefore, in the coming years, with effective applications, the market of facility management is predicted to increase around the globe more significantly over the recent few years.

Moreover, the Facility Management Industry will observe the magnitudes when most construction happenings move towards developing markets. Growing antagonism coming from the fresh players in the emerging markets will force businesses to search for superior differentiation and to be advanced in how they modify their business models and deliver the extra worth to clients. Furthermore, with the robots doing the whole thing from supervising the routine jobs to functioning compound operations, artificial intelligence (AI) is no lengthier a distant dream. The facility management service suppliers that utilize artificial intelligence can become value-added partners by providing maintainable solutions in an industry that is extraordinary cost, great expense, and weight maintenance.

With the help of various technologies such as Virtual Reality, the user does not have to run from one place to another to view their property and assure that they do not have to wait till it is constructed to visualize it.  This technology will generate an effective tool for all the key players and will boost the market of real estate with a positive requirement. Moreover, with the huge development in technology, the Facility Management Market Growth Rate will expand across the globe with increasing innovations in the applications.

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Chile Facility Management Market Outlook to 2023

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Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249

The facility management market is still relatively nascent and initial growth stage. The market of the facility management market growth was helped by the business outpouring of the multinational corporates, especially in the BPO industry, along with the aspects such as developed healthcare and growing building efficiency in some locations. The integrated facility management dissemination is cheaper owing to the preference for the individual and bundled services by the most end-users, particularly local corporates. However, as the number of MNCs rise in the respective region, the requirement IFM is also predicted to rise.

Based on the market segmentation, the soft services registered the market of the facility management in the Philippines as compared to the hard services in 2017. The improvement in the segments namely real estate, commercial and residential due to Build, Build, Build program has improved the requirement for the soft services in the Philippines country due to the growth in the requirement for cleaning and security services. However, the sector of hard services has a lower share as several organizations tend to link the equipment OEM for servicing, in case equipment demand to be fixed, or several other maintenances is demanded. The single services and bundles services underwritten more to the Facility management market and compared to the integrated facility management services Market.

The Single or bundled services are primarily desired by the local businesses in the region. The local businesses do not yet distinguish the value they can get from the IFM. Not only has this, but the multinational consumers in the Philippines also choose the IFM owing to it is more price proficient. FM corporates have been delivering the soft and hard services to the commercial complexes over the year and the effective augment in this segment have generates the wide potential for the FM corporates. This was followed by the residential segment, healthcare segment, industrial segment and infrastructure in the terms of revenue.

The Facility Management Industry is exceedingly concentrated. ISS Facility Services Phils Inc. is the market frontrunner and has the uppermost market share in the Facility Management market in the Philippines based on the revenue in 2017. This was followed by JLL (Philippines) Inc., Sodexo (On-Site Services), Atalian Global Services, Centuary Property Management Inc., Santos Knight Frank and Mansion Maintenance Company. These market players contend in the FM market in The Philippines based on the Price of services, quality and knowledge of services, track record and previous history within the industry and subdivisions serviced. Corporates are beginning to get more disturbed with the culture of inclusion within the Facility Management Company and the Corporate Social Responsibility activities commenced by them and involve that constraint too in their merchant selection procedure.

Additionally, the future viewpoint of the industry is constructive due to the increasing BPO industry in the Philippines which is anticipated to boom the requirement for both soft and hard Facility Management services. Effective rise in the demand from multinational clients is likely to effectively propel the future requirement for IFM services in the Philippines with commercial office buildings and industrial plants being the coming dissemination segments for IFM services. The growth in construction, tourism and healthcare industries in the across the globe will positively augment the requirement of FM services by these industries. Therefore, in the coming years, it is anticipated that the market of facility management will increase across the globe over the coming decades.

Key Topic Covers in the Report:-

Facility Management Services Market Revenue

Facility Management Market Growth Rate

Facility Management Market

Facility Management Industry

Facility Management Market Growth Forecast

Soft and Hard Facility Management Services Market

Facility Management Market in Healthcare

Growing Trends In The Worldwide Facility Management Market Outlook: Ken Research

Facility Management Market: - The effective advancement of the infrastructure has been leading to the growth in the requirement of services such as housekeeping, façade cleaning, protection, and several others. This has concluded into the growth in soft facility management services. The Soft and Hard facility management services Market have unmistakably registered the facility management market generally owing to the fact that these services have been registered in almost every commercial organization, residential apartments in the urban locations and several other spaces. Whereas, the India facility management market has been infiltrated with the extraordinary competition arising from the existence of both international and domestic players in the market.

Additionally, technological advancements in building automation, the handsome growth in the real estate with a growing number of commercial and residential projects, sophisticated preference towards, innocuous and clean environment and professional conduct of services, as well as inexpensive pressures, have been significantly fluctuating the market.

In Kuwait, the facility management service market is at the embryonic stage. The market has effectively observed strong growth over the past five years. The facilities management industry has started increasing with the subcontracting of soft services such as cleaning, housekeeping and several others in Kuwait Facilities Management is management the chastisement that helps and developed the core company progressions and intensifications return on investment by result-oriented usage of the resources, services, and activities, vivacious to the triumph of any organization. The advancements in the technology have been impending people to transfer towards accepting the facilities management.

Sideways, the requirement for Facilities management services has also effectively augmented due to the increasing requirement of concierge, man-guarding, maintenance, and housekeeping services in commercial buildings and shopping complexes and professionalism in the management of all the facilities with growing regards towards cleanliness. Moreover, effective growth in the number of super and hypermarkets in the country has also completely squeezed the requirement for the facilities management services in Kuwait.

Not only has this, but the increasing preferences of the populace to live in a clean and secure environment which will be skillfully managed will also boom up the requirement for the facilities management services. The significant increase in the hotel industry in the country will trigger the requirement for HVAC services, security, cleaning, housekeeping, and several other facilities management services.

Whereas, in Oman, the significant growth in the project activity positioned on the tourism and the commercial segment has elevated the requirement for the Soft and Hard facility management services market in the region, leading to a constructive impression on the facilities management market. An increasing number of foreign expatriates in Oman has positively obstructed the growth of the industry.

As the facilities management market in Oman is scrappy, it will deliver the enormous opportunity to worldwide and local players to tap this market with the assist of technology advancements and increasing the awareness among Omanis towards FM services. Enormous growth in the construction, tourism and healthcare industries in the country will augment the requirement for FM services. Therefore, in the coming years, it is predicted that the market of facility management will increase across the globe more enormously over the coming years.

Related Reports by Ken Research:-

Vietnam Facility Management Market Outlook to 2023

Egypt Facility Management Market Outlook to 2023

Australia Facility Management Market Outlook to 2023

Indonesia Facility Management Market Outlook to 2023

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Sales@kenresearch.com

+91-9015378249