Edison, NJ -- (SBWIRE) -- 03/04/2019 -- Facility management service is a bunch of maintenance services that are utilized by companies, organizations and housing societies towards an integrated approach to the various day to day activities and maintenance management. The facility management companies ensure that the part under their control or management is run smoothly, efficiently and economically with the implementation of professional quality of daily services such as Auditing and Quality Assessment, Support and Maintenance etc. The factors like increasing demand of cloud technology solutions like SaaS deployment model, rising need of IoT and connected devices for building automation are propelling the market growth.

The market for Facilities Management Services is anticipated to clock a CAGR of 13.8% between 2019 and 2024.

This market research report looks into and analyzes the Global Facilities Management Services Market and illustrates a comprehensive evaluation of its evolution and its specifications. Another aspect that was considered is the cost analysis of the main products dominant in the Global Market considering the profit margin of the manufacturers.

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Major Key Players in This Report Include,
Oracle (United States), Archibus (United States), CA Technologies (United States), Accruent (United States), Planon Corporation (United States), Ioffice (United States), Trimble, Inc. (United States), IBM Corporation (United States), FM Systems, Inc. (United States) and SAP SE (Germany)

Demand for reduced operational costs is driving the growth of the facilities management market worldwide, as is the increasing adoption of outsourced services by industrial applications. Delivery systems such as bundled facility management services and total facilities management services are adopted by companies to reduce costs and maintain centralized control through a complete service cycle. Adoption of facilities management services is expected to grow in the near term due to increasing awareness of facilities management services, and increasing cross-border presence of facility management service providers. Thus, cross-border mergers and acquisitions along with increased customer network and regional coverage can be foreseen as significant market opportunities for facilities management service providers.

The regional analysis of Global Facilities Management Services 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. Whereas, owing to rising no. of research activities in countries such as China, India, and Japan, Asia Pacific region is also expected to exhibit higher growth rate the forecast period 2019-2025.

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The Global Facilities Management Services Market in terms of investment potential in various segments of the market and illustrate the feasibility of explaining the feasibility of a new project to be successful in the near future. The core segmentation of the global market is based on product types, SMEs and large corporations. The report also collects data for each major player in the market based on current company profiles, gross margins, sales prices, sales revenue, sales volume, photos, product specifications and up-to-date contact information.

Table of Content
1. Market Overview
1.1. Introduction
1.2. Scope/Objective of the Study
1.2.1. Research Objective
2. Executive Summary
2.1. Introduction
3. Market Dynamics
3.1. Introduction
3.2. Market Drivers
3.2.1. Emergence of SaaS deployment model and IoT
3.2.2. Increasing adoption of smart connected devices for building automation
3.2.3. Rising number of commercial and residential buildings such as shopping malls, hotels, hospitals and offices
3.3. Market Challenges
3.3.1. Dearth of skilled experts
3.4. Market Trends
3.4.1. Rising need to maintain environmental and regulatory compliance
4. Market Factor Analysis
4.1. Porters Five Forces
4.2. Supply/Value Chain
4.3. PESTEL analysis
4.4. Market Entropy
4.5. Patent/Trademark Analysis
5. Global Facilities Management Services, by Type, Application and Region (value) (2013-2018)

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