Facility Management Market 2021, Share, Manufacturers, Regions, Type and Application, Opportunities, Challenges Forecast to 2030

In a recent published report, Kenneth Research has updated the market report for Facility Management Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Facility Management Market products.

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Global Facility Management Market to reach USD 78.7 billion by 2025. Global Facility Management Market valued approximately USD 28.39 billion in 2016 is forecasted to grow with a healthy growth rate of more than 11.96% over the forecast period 2018-2025. The major factors speculated to augment the markets are changing focus to virtual workplace and mobility, requirement to maintain regulatory and environmental compliance, rising development of the sustainable infrastructure and emergence of the SaaS deployment model. Dependency on the in-house facility management team and lack of managerial awareness is one of the key restraining factors of the Market. Lack of skills & expertise and integration of facility management with legacy ERP systems is the major challenge prevalent in the Market. Facility management is a professional management discipline focused upon the efficient and effective delivery of support services for the organizations which it serves.

The regional analysis of Global Facility Management Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world in terms of Market share. The increasing number of public-private partnership projects in the North America region is complimenting the growth rate. Whereas, owing to rapid economic growth in countries such as China, India, and Japan, Asia Pacific region is also expected to exhibit higher growth rate / CAGR over the forecast period 2018-2025.

The objective of the study is to define Market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the Market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

Major market players in Facility Management Market are Jadetrack, IBM, Emaint, Oracle, Maintenance Connection, SAP, Hippo Cmms, Archibus, Apleona, Trimble, Indus Systems, CA Technologies, iOFFICE, Accruent, Autodesk, Planon, Metricstream, FM Systems, MCS Solutions, Facilities Management Express, FSI, and so on.

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Facility Management Market Segmentation:
By End-User:
*Healthcare
*Government & Defense
*Telecom & IT
*Banking, Financial Services, and Insurance (BFSI)
*Education
*Retail
*Energy & Utilities
*Construction
*Manufacturing
*Others

By Component:
*Solution
o Facility Operations & Security Management
o Integrated Workplace Management System
o Facility Environment Management
o Building Information Modelling
o Facility Property Management
*Services
o Auditing & Quality Assessment
o Deployment & Integration
o Support & Maintenance
*Consulting
o SLA Management

By Region:
North America
*USA
*Canada
Europe
*Germany
*U.K.
*France
*Italy
*Rest of Europe
APAC
*China
*India
*Japan
*Rest of Asia-Pacific
RoW
*Latin America
*Middle East & Africa

Download Sample of This Strategic Report: https://www.kennethresearch.com/sample-request-10078437

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