Facility Management Market Development History, Current Analysis and Estimated Forecast to 2032

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Facility Management Market Development History,
Current Analysis and Estimated Forecast to 2032
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• Industry Insights

• The global facility management market is expected
  to attain robust growth through 2032 owing to the
  increasing demand for value-added services. In
  addition, rising investments in the construction
  industry is likely to propel market growth over
  the review timeline.
• Increased investment in the construction and real
  estate industries around the world is expected to
  boost the market growth. For instance, in May
  2021, the Brazilian government announced plans to
  invest 50 billion in the infrastructure sector.
  As a first step toward economic recovery, the
  nation intends to sell concessions on assets like
  airports, highways, ports, and railways.

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• Based on service, the management service segment
  held around 15 revenue share in 2022 and is
  anticipated to expand substantially from 2023 to
  2032. Management services assist firms in making
  the best use of their facility's resources,
  including space and power. To assist firms in
  achieving quality, cost-efficiency,
  sustainability, and compliance, managed services
  enlist the assistance of qualified specialists
  who can organize various company tasks.
• Under management service, the energy and
  utilities segment is poised to witness more than
  13 CAGR through the forthcoming years credited
  to the expanding tourist and hospitality
  industries. For their operations to be
  successful, businesses in the hotel and tourism
  sectors need a consistent and effective power
  supply. Energy and utility services oversee
  central heating water plants, high voltage
  electric systems, water storage pumping
  facilities, as well as the accompanying
  distribution infrastructure required to convey
  these services within an organization.
• With respect to application, the facility
  management market sector is speculated to grow
  steadily over the review years attributed to the
  global industrialization trend that is
  intensifying the market expansion for facility
  management. Manufacturing companies are
  outsourcing the upkeep of mechanical and
  electrical systems that comply with regulations.

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• Regional Analysis

From the regional perspective, the Latin America
facility management market is set to garner
nearly 713 billion by 2032 ascribed to the
increasing efforts of multinational businesses to
expand in Latin American nations like Colombia
and Chile. The use of facility management
services in educational institutions, including
schools, colleges, and universities, is a result
of the expanding investment in the education
sector.

• Competitive Analysis

• Global facility management market growth will be
  positively affected by the notable presence of
  reputed organizations, such as Aramark
  Corporation, CBRE Group, Inc., Compass Group PLC,
  EMCOR Group, Inc., IBM Corporation, ISS Facility
  Services, Inc, Interserve PLC., OCS Group
  Limited, Oracle Corporation, SAP SE, Serco Group
  Plc, Tenon Group, Sodexo, and Veolia Environment,
  among others.

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