The Facilities Management Market Report provides accurate data and analyses including market size, forecasts, and market trends to help clients make better business decisions in the facilities management market.
Albany, NY -- (SBWIRE) -- 06/19/2018 -- As per research analysts, the global facilities management market is projected to clock an impressive 13.8% CAGR between 2017 and 2024, for the market to be worth US$1887.19 bn by 2024. The opportunities in the market translated into a revenue of US$762.07 bn in 2017.
By service type, soft services hold dominance with the segment anticipated to hold 62.3% of the overall market by 2024; the growth of soft services segment is mainly because of their growing demand in healthcare, corporate, and government sectors. In terms of industry, corporate segment holds prominence and the trend is estimated to remain this way through 2024. Attributed to the growth of business activities and service offerings, the corporate sector is anticipated to hold 24.0% of the overall market by 2024.
North America, among key regions currently leads the facilities management market due to extensive availability of low-cost and high-quality facilities management service providers in the region.
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Key companies operating in the global facilities management market are Arthur McKay & Co. Ltd., Bilfinger HSG Facility Management GmbH, Bellrock Property & Facilities Management Limited, Broadspectrum (Australia) Pty Limited, and ISS World Services A/S among others.
To present the study, analysts carried out an in-depth and unbiased assessment of the market to serve as a valuable business instrument for its target audiences. The report looks into key trends and technological developments playing a role in the growth of facilities management market between 2017 and 2024. In addition, it also looks into vital market indicators such as growth drivers, challenges, and opportunities that could have a bearing on the growth of the said market between 2017 and 2024. This analysis has been used to gather a complete perspective about the growth of facilities management market and present revenue estimations of the overall market in US$ Bn.
Global Facilities Management Market: Report Highlights
The market study includes a detailed value chain analysis to serve to provide an all-inclusive view of the global facilities management market. Included in the report is Porter's five forces analysis for insights into the competitive dynamics of this market. The study includes market attractiveness analysis, wherein key market segments under different category are benchmarked based on their market size and revenue estimate over the forecast period. Moreover, market attractiveness of every geographic region is presented for complete insights into the competitive dynamics of this market.
The market overview section of the report examines market trends and opportunities prevailing in the facilities management market. Insights into future growth trends and opportunities have been provided as well. In addition, the report also provides insights into business strategies adopted by market leaders in the facilities management market.
Employing industry-best analytical tools and proven assumptions, the study provides a decisive view of the facilities management market over 2017-2024.
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Global Facilities Management Market: Research Methodology
The report is the result of a perfect combination of primary research, secondary research, and in-house expert inputs. Secondary sources reached out include company websites, SEC filings, annual reports, and investor presentations. Some other sources reached out in the secondary research phase are national government documents, statistical databases, market reports, internal and external proprietary databases, government publications, relevant patent and proprietary databases, World Bank databases, and industry white papers.
Primary research involves reaching out industry experts and opinion leaders via e-mail, telephonic interviews, and face to face interviews. Primary interviews are carried out on an ongoing basis to obtain latest market insights and endorse data and analysis. Insights obtained from industry experts during primary interviews offer new and fresh information on important aspects such as market size, market trends, competitive dynamics etc.