Market Highlights
As indicated by Market Research Future (MRFR's) most recent examination, the global unified facility management market analysis is set to enroll a CAGR of 15% during the estimate time frame 2017 to 2023. The valuation of the global market is ready to arrive at USD 70 Bn before the finish of 2023. The flourishing administrations area combined with the speeding up reception of digitization and robotization across various industry verticals is probably going to expand the global market within a reasonable time-frame.
Unified facility management arrangements intensify the productivity and viability of the business which is projected to affect the development of the market decidedly. The rising reception of Artificial Intelligence (AI) and the Internet of Things (IoT) have additionally made ready for the reception and arrangement of the arrangements. This, thus, is expected to lean toward the extension of the unified facility management market analysis over the survey time frame.
The unified facility management market analysis resounds solid open doors for development and is probably going to remain exceptionally rewarding in the impending years. The central members are relied upon to profit by the potential open doors by carrying out development methodologies like consolidations and acquisitions, item portfolio extension, item advancement, and so on This is relied upon to catalyze the expansion of the unified facility management market through the projection time frame.
The increased interest for the arrangement across various industry verticals like medical care, retail, BHSI, and so forth is another central point liable for contributing towards the extension of the market. In any case, absence of talented faculty stays an obstruction to the unified facility management market development.
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Segmentation:
By components, the unified facility management market has been segmented into software, service, and solution.
By deployment type, the global unified facility management market has been segmented into on cloud and on premises.
By applications, the global unified facility management market has been segmented into BFSI, IT & telecom, healthcare, education, and retail.
Regional Outlook:
The Global Unified Facility Management Market analysis, by region, has been segmented into Asia Pacific, North America, Europe and the Rest of the World. North America is poised to retain a dominant share of the global market through the forecast period. The extensive demand for unified facility management solutions across different industries such as health care and real estate among others is projected to drive the growth of the regional market in the foreseeable future.
Europe is an important growth pocket and is expected to witness rapid growth over the next couple of years. Meanwhile, Asia Pacific is estimated to strike the highest CAGR during the review period owing to the growth of the emerging country-level markets such as India, China, Japan, etc. The companies from different industries are deploying the technology for meeting customer needs. This has catapulted the unified facility management market in the region on an upward trajectory.
Competitive Dashboard:
Some of the key players profiled in the report are Trimble Navigation, Ltd. (U.S.), Oracle Corporation (U.S.), Archibus, Inc. (U.S.), Accruent LLC. (U.S.), SAP SE (Germany), CA Technologies (U.S.), International Business Machines Corporation (U.S.), iOffice Corporation (U.S.) Planon Corporation (Netherlands), and FM Systems, Inc. (U.S.).
Industry News:
In September 2018, Aldar Properties, Abu Dhabi, took over Khidmah, a Facility Management (FM) company for serving better services to its direct and indirect customers.
In October 2018, International Business Machine (IBM), an American multinational information technology company, has acquired Red Hat Inc., an American multinational software company providing open-source software products. The deal is worth USD 33 Bn.
In November 2018, ISS Group, a leading global facility management services provider, has assigned Coupa Software, the leader in Business Spend Management (BSM), for transforming procure-to-pay (P2P) process with a user-friendly solution for enhanced efficiency and increased saving.
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Global Unified Facility Management Market, By Components (Software, Service, Solution), By Deployment Type (On Cloud, On Premises), By Applications (BFSI, IT & Telecom, Healthcare, Education, Retail) - Forecast 2027
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