Facilities Management (FM) Market Report to 2026 - Latest Trends and Advancement Outlook
Category: #technology  By Rahul Varpe  Date: 2021-08-02
  • share
  • Twitter
  • Facebook
  • LinkedIn
Facilities Management (FM) Market Report to 2026 - Latest Trends and Advancement Outlook

Facilities Management (FM) Market in the Latin America will witness substantial growth over the coming years. In fact, the region accounted for a market share of over 10% in 2019 owing to rise in construction activities and infrastructure development.

Request for a sample copy of this research report @ https://www.decresearch.com/request-sample/detail/4403

The Facilities Management (FM) Market is set to witness notable growth over the forecast time period owing to the increasing need for electrical equipment maintenance. The flourishing construction sector worldwide, in tandem with the rising demand for hard services across industrial complexes and the expanding real estate sector will also contribute to increasing facilities management industry size.

Meanwhile civil service segment will witness substantial growth over the coming years. In 2019, the segment witnessed a Facilities Management (FM) Market share of over 30%. This growth is ascribed to boom in global construction industry.

Facilities management includes a range of disciplines as well as services to ensure the safety, comfort, functionality, and efficiency of a built environment. It is also termed as facilities management systems and software. Immense amounts of data termed as IoT data is mainly generated from built environments through smart devices, meters, gauges, and sensors.

With respect to the service landscape, the Facilities Management (FM) Market is categorized into management services, hard services, and soft services. The services segment is further classified into specialized services, mechanical, civil, and electrical. Among these, electrical service segment will witness a CAGR of more than 9.1% through the analysis timeframe owing to increasing need for electrical equipment maintenance.

Request for customization @ https://www.decresearch.com/roc/4403

MEA is expected to crop up as a vital revenue pocket for the Facilities Management (FM) Market. Estimates claim that the Middle East & Africa facilities management market will witness a CAGR of around 8.9% through the estimated time frame. This anticipated growth is attributed to the rising real estate sector and extensive outsourcing of soft services.

Meanwhile, the education application segment in Facilities Management (FM) Market is likely to witness a CAGR of around 10.9% over the forecast time period owing to increasing demand for soft services in education sector.

Hard services generally relate to the physical part of the building which cannot be removed. These services are often required by the law, to make sure that safety as well as welfare of customers and employees are met. The hard services segment is further classified into security, landscaping, laundry, and cleaning. Among these, laundry segment is slated to witness a CAGR of more than 7.9% through the forthcoming time period. Growing trend of same day laundry pickup and drop services are driving the growth of the segment.

Meanwhile, the education application segment is likely to witness a CAGR of around 10.9% over the forecast time period owing to increasing demand for soft services in education sector.

Browse complete table of content (TOC) of this report @ https://www.decresearch.com/toc/detail/facilities-management-market  

In terms of application, the overall facilities management market is segmented into healthcare, transportation, education, commercial, industrial, and government & public sector. Among these, industrial application segment is expected to register momentous gains over the coming time period. In 2019, the segment held a Facilities Management (FM) Market share of over 18% owing to rising demand for hard services across industrial complexes.

Related Reports: -

https://www.marketwatch.com/press-release/3d-rendering-market-analysis-size-drivers-restraints-opportunities-and-threats-by-2026-2021-07-19

https://www.marketwatch.com/press-release/mobile-mapping-market-analysis-size-drivers-restraints-opportunities-and-threats-by-2026-2021-07-19

  • share
  • Twitter
  • Facebook
  • LinkedIn

About Author

Rahul Varpe

Rahul Varpe    

Rahul Varpe currently writes for Technology Magazine. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products ...

Read More >>

More News By Rahul Varpe

Manufacturers to Benefit from Lucrative Profitable Avenues in the Global Intelligent Transportation System (ITS) Market
Manufacturers to Benefit from Lucrative Profitable Avenues in the Global Intelligent Transportation System (ITS) Market
By Rahul Varpe

The robust proliferation of the Internet of things, big data, analytics, and mobile technology has positively impacted the growth of ITS market since the last half a decade or so. The automotive industry, which is expanding at an unprecedented pace, ...

Demand for U.S. Quick Lube Equipment Market to Increase Substantially from Key End use Industry Sectors
Demand for U.S. Quick Lube Equipment Market to Increase Substantially from Key End use Industry Sectors
By Rahul Varpe

The U.S. quick lube equipment industry is set to record commendable growth in the ensuing years, due to the surging demand for dispensing consoles owing to their benefits in the management of different oils and lubricants cleanly, safely, and in a co...

Global Automotive Air Intake Manifold Market Revenue to Record Robust Growth in the Coming Years
Global Automotive Air Intake Manifold Market Revenue to Record Robust Growth in the Coming Years
By Rahul Varpe

In the automobile industry, fuel efficiency holds substantial importance as it could significantly influence a company’s auto sales. As a vehicle’s weight increases, its rolling resistance and inertia increases which in turn hampers the o...