Southeast Asia Facility Management Market to be Dominated by Commercial Sector During the Forecast Period
Government projects and
increasing infrastructure development along with upcoming sports events are
expected to drive the market of the Southeast Asia Facility Management Market in
the forecast period of 2024-2028.
According to
TechSci Research report, Southeast Asia
Facility Management Market - Country Industry Size, Share, Trends,
Opportunity, and Forecast. 2018–2028, the Country Location- based services market
is anticipated to register a robust growth during the forecast period, 2024-2028. Southeast Asia
Facility Management Market has
accelerated the rapid evolution of organizational culture. Businesses are
diversifying their business models and workplace environments. The workplace
culture is influenced by innovation and technological growth. The demand for
remote work, flexible scheduling, and decentralized authority are what are
influencing the organizational culture and work style. The shared beliefs and values
that are part of this culture are also developed by leaders and then
communicated and reinforced via a variety of techniques, ultimately influencing
employee perceptions, behaviours, and comprehension. The organizational culture
establishes the context for all business activities. Hence, shifting corporate
culture and working habits promote the expansion of the FM business. The
expansion of the facility management industry is predicted to be fueled by
these factors.
The International
Facilities Management Association (IFMA) defines facility management as
combining a physical workplace with an organization's workforce and work, which
includes activities like equipment upkeep, space planning, and portfolio
forecasting. These services include things like leadership & strategy, real
estate & property management, project management, quality, human aspects,
emergency planning & business continuity, environmental sustainability, and
others. On the other hand, the study mainly focuses on the technological side
of management services, which includes programmes and other tools that help
boost facility management's efficacy and efficiency.
Browse over XX
market data Figures spread through 80 Pages and an in-depth TOC on " Southeast Asia Facility Management Market”
The Southeast Asia Facility Management Market is segmented into service,
end user, type, industry, sectors and country. Based on service, the market is
further fragmented into property, cleaning, security, support, catering &
others. Based on end user, the market is further split into commercial,
residential and industrial. Based on type, the market is further bifurcated
into hard services and soft services. Based on Industry, the market is
segmented into organized and unorganized. Based on sectors, the market is
segmented into education, healthcare, real estate, banking, hospitality,
housing, and others. Based on Countries, the market is segmented into Vietnam,
Thailand, Singapore, Philippines, Malaysia, Indonesia, Rest of Southeast Asia.
Based on sectors, the market is
segmented into education, healthcare, real estate, banking, hospitality,
housing, and others. During the projected period, the healthcare segment is expected to dominate the
market. The healthcare system has developed into one of the major sectors due
to the increasing number of patients and rising healthcare costs in the public
and private sectors of the healthcare system.
Based on type, the market is further bifurcated into hard services and
soft services, Hard Services Segment to Hold Major Market Share Aided by
Development in Infrastructure Sector A significant portion of the market share
will likely belong to the hard services category as a result of the global
infrastructure market's continued expansion. This industry also includes
cleaning, plumbing and drainage, building fabric maintenance, and other hard
services. The physical framework of the building is linked to these services.
The rapidly expanding building and construction industry as a result of global urbanization
is also a major driver of the hard services market.
Key market
players in the Southeast Asia Facility Management Market:
- Aden Group
- PCS Security and Facility Services
- UEMS Solutions
- Century Properties Management
- UEM Edgenta
- Colliers International
- CBRE Global Workspace Solutions (GWS)
- Jones Lang LaSalle Incorporated (JLL)
Download Free Sample Report
Customers can also request for 10% free
customization on this report.
Smart technologies are more frequently adopted when building owners and
residents are more aware of the advantages of smart FM. Security, project
management, building operations, crowd management, and space planning are
advantages of technology-driven FM services. Smart FM services help users
manage socioeconomic changes like mobile workforces, awareness of climate
change, and security issues.
“The
use of cutting-edge technologies in building services is likewise expanding
quickly. Government rules for energy performance and efficiency are also
pressuring businesses to implement clever and ground-breaking technologies in
order to meet their energy goals. The regulatory environment in SEA is
changing, and players in the building services sector are becoming more and
more aware of the advantages of smart Facility Management. As a result, the
industry as a whole is moving towards the adoption of high-tech solutions” said,
Mr. Karan Chechi, Research Director with TechSci Research, a research based
global management consulting firm.
“Southeast Asia Facility Management Market Segmented By Service (Property, Cleaning, Security, Support, Catering &
Others), By Type (Hard Services and Soft Services), By Industry (Organized, Unorganized), By End
User (Commercial, Residential, Industrial, Public Sector), By Sectors
(Education, Healthcare, Real Estate, Banking, Hospitality, Housing, Others), By
Country, Competition, Forecast and Opportunities, 2028” has
evaluated the future growth potential of Location- based services market and
provides statistics & information on market size, structure, and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Southeast Asia Facility Management Market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]
Web: https://www.techsciresearch.com