Sarasota, FL -- (SBWIRE) -- 04/30/2019 -- Zion Market Research has published a new report titled "Facility Management Services Market by Facility Management Services (In-House, Outsourced, and Integrated), by Solution (Integrated Workplace Management System, Building Information Modeling, Facility Operations and Security Management, Facility Environment Management, and Lease Accounting and Real Estate Management), by Service (Consulting, Auditing and Quality Assessment, Support and Maintenance, and Service Level Agreement Management), by Deployment Mode (Cloud-Based and On-Premises), by Organization Facility Management Type (Small and Medium Enterprises and Large Enterprises), and by Vertical (IT and Telecom, Healthcare, Retail, Manufacturing, Construction and Real Estate, Banking, Financial Services, and Insurance (BFSI), Government and Public Administration, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2027". According to the report, the global facility management services market was approximately USD 1,314 billion in 2018 and is expected to generate around USD 2,127.4 billion by 2027, at a CAGR of around 5.5% between 2019 and 2027..

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The increasing demand for integrated facility management owing to the growing awareness regarding the benefits associated with the adoption of integrated facility management is expected to boost the growth of the global facility management services market over the forecast time period. Furthermore, the rising concerns regarding corporate social responsibility due to various legislative requirements to decrease ecological footprint is further expected to drive the facility management services market in the upcoming years globally. However, the presence of unorganized players delivering low-cost services is restraining the facility management services market growth.

Based on facility management type, the facility management services market includes in-house, outsourced, and integrated. Integrated facility management is expected to show the fastest CAGR over the forecast time period, owing to the growing software need to achieve economies of scale.

By solution, the market includes integrated workplace management system, building information modeling, facility operations, and security management, facility environment management, and lease accounting and real estate management. The facility operations and security management segment held a major market share in 2018, due to the rising software demand from various organizations to manage different operational areas, such as facility lighting, video surveillance and access control, HVAC, and emergency incident management.

By service, the market includes consulting, auditing and quality assessment, support and maintenance, and service level agreement management. The service level agreement management segment is expected to witness significant growth in the future.

By deployment mode, the market is bifurcated into on-premises and cloud-based. The cloud-based segment held a major market share in 2018, due to the increasing software demand from various industries. By organization facility management type, the market includes large enterprises and small and medium enterprises.

By vertical, the facility management services market includes IT and telecom, healthcare, retail, manufacturing, construction and real estate, banking, financial services, and insurance (BFSI), government and public administration, and others. The government and public administration held a major market share in 2018, due to the increasing demand for facility management services in the sector.

By region, Asia Pacific held a major share of the global facility management services market in 2018 and the region is expected to show the fastest CAGR over the forecast time period as well. This regional growth can be attributed to the rising industrialization and outsourcing of MNC operations to emerging economies like China and India. The North American facility management services market accounted for a substantial revenue share in 2018 globally.

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Some key players operating in the global facility management services market include Accruent, Apleona HSG GmbH, ARCHIBUS, Inc., Archidata Inc., Autodesk Inc., CA Technologies, FM Systems, IBM, iOFFICE, ISS, JadeTrack Inc., NEMETSCHEK INC., OfficeSpace Service Inc., ONE FM, Oracle, Planon, SAP SE, SatNav Technologies, Sodexo, Trimble Inc., and Trivalor.

This report segments the global facility management services market into:

Global Facility Management Services Market: Facility Management Services Analysis

In-House
Outsourced
Integrated

Global Facility Management Services Market: Solution Analysis

Integrated Workplace Management System
Building Information Modeling
Facility Operations and Security Management
Lighting Control
HVAC Control
Video Surveillance and Access Control
Emergency and Incident Management
Facility Environment Management
Sustainability Management
Waste Management
Facility Property Management
Lease Accounting and Real Estate Management
Asset Maintenance Management
Relocation Management
Reservation Management

Global Facility Management Services Market: Service Analysis

Consulting
Auditing and Quality Assessment
Support and Maintenance
Service Level Agreement Management

Global Facility Management Services Market: Deployment Mode Analysis

Cloud-Based
On-Premises

Global Facility Management Services Market: Organization Facility Management Type Analysis

Small and Medium Enterprises
Large Enterprises

Global Facility Management Services Market: Vertical Analysis

IT and Telecom
Healthcare
Retail
Manufacturing
Construction and Real Estate
Banking, Financial Services, and Insurance (BFSI)
Government and Public Administration
Others

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Global Facility Management Services Market: Regional Analysis

North America
The U.S.
Europe
UK
France
Germany
Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa