Integrated Facility Management Market is expected to grow at a robust CAGR
Global
Integrated Facility Management Market is expected to grow owing to services to
oversee contracts, evaluate vendor performance, and ensure the delivery of
services that meet organizational standards throughout the forecast period.
According
to TechSci Research report, “Integrated
Facility Management Market - Global Industry Size, Share, Trends,
Opportunity, and Forecast 2018-2028”, the Global Integrated Facility
Management Market is expected to register robust growth during the
forecast period.
Organizations are continually seeking ways to reduce operational costs and
enhance resource allocation. IFM services offer opportunities for cost savings
by centralizing and streamlining facility management functions. Predictive
maintenance and data-driven insights help minimize downtime and improve
efficiency, further reducing operational expenses.
The
integration of advanced technologies, such as the Internet of Things (IoT),
artificial intelligence (AI), and data analytics, presents opportunities for
IFM providers to offer innovative solutions. These technologies enable
real-time monitoring, predictive maintenance, and data-driven decision-making.
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over XX market data Figures spread through XX Pages and an in-depth TOC on the "Global
Integrated Facility Management Market."
Based
on type, the
Hard Service segment is expected to dominate the market during the forecast
period. Hard services often include energy management and conservation
initiatives to optimize energy usage, reduce utility costs, and minimize
environmental impact. This may involve the implementation of energy-efficient
technologies, monitoring energy consumption, and conducting energy audits.
Security hard services include the management and maintenance of access control
systems, surveillance cameras, alarms, and other security measures. These
systems are crucial for safeguarding the physical assets and occupants of a
facility. Hard service providers are responsible for ensuring that facilities
comply with relevant safety regulations and building codes. They conduct
inspections, maintain safety systems, and address issues to minimize risks and
liability. Stringent regulations related to building safety, energy efficiency,
and environmental sustainability are driving demand for hard services to ensure
compliance. Organizations seek hard service providers who can navigate these
regulations effectively. The hard service segment is expected to continue
growing as organizations increasingly recognize the value of proactive
maintenance, safety, and sustainability. The integration of advanced
technologies, such as IoT and AI, is expected to play a significant role in the
evolution of hard services, offering more data-driven decision-making and
predictive maintenance capabilities. As regulatory requirements become more stringent,
the demand for compliance-related services within the hard service segment is
also likely to increase. Overall, hard services remain a crucial component of
the Global IFM Market, contributing to the efficient and safe operation of
facilities across various industries.
Based
on service, the Building & Property Management segment is projected to
dominate the market throughout the forecast period. Space management is crucial
for optimizing workspace and ensuring that it aligns with an organization's
needs. Building and property management services help organizations analyze
space utilization, plan office layouts, and implement changes to enhance
productivity and reduce costs. Managing external service providers,
contractors, and vendors is another key aspect of building and property
management. This includes overseeing contracts, evaluating vendor performance,
and ensuring that services are delivered to meet the organization's standards.
Increasingly, building and property management services are focused on
sustainability and energy efficiency. This includes implementing green building
practices, monitoring energy consumption, and implementing strategies to reduce
a building's environmental footprint. The global emphasis on sustainability and
environmental responsibility is driving organizations to adopt green building
practices and energy-efficient solutions. Building and property management
services help clients achieve their sustainability goals. The Building and Property Management segment
is expected to see continued growth as organizations recognize the importance
of efficient real estate and property management. Sustainability and energy
efficiency are likely to remain key drivers, as organizations seek to reduce
their environmental impact. As organizations expand their real estate
portfolios and demand more customized solutions, the Building and Property
Management segment is poised for growth and innovation in the Global IFM
Market.
Key
market players in the Global Integrated Facility Management Market are:-
- JLL
Inc (Jones Lang LaSalle IP, Inc)
- ISS
A/S (International Service System)
- CBRE
Group Inc
- Cushman
& Wakefield plc
- Sodexo
- Compass
Group plc.
- Aramark
Corporation
- Coor
Service Management Holding AB
- Mitie
Group PLC
- MacLellan
Integrated Services, Inc.
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“The
Global Integrated Facility Management Market in North America is poised to be
the dominant force in the industry. The United States, in particular, is a
major market for IFM services. The country's diverse industry sectors,
including commercial, healthcare, education, and manufacturing, contribute to
the growth of IFM services. Moreover, Canada is also witnessing a steady
adoption of IFM solutions. North America is at the forefront of technological
innovation. The adoption of IoT, data analytics, and automation is driving the
IFM market in the region, enabling predictive maintenance, real-time
monitoring, and smarter decision-making for facility management.” said Mr.
Karan Chechi, Research Director with TechSci Research, a research-based global
management consulting firm.
“Integrated
Facility Management Market - Global Industry Size, Share, Trends, Opportunity,
and Forecast, 2018-2028 Segmented By Type (Hard Service and Soft Service), By
Service (Building & Property Management, Cleaning & Hygiene, Security
& Staffing, IT Support and Others), By Solution (Asset & Space
Management, Project Management & Real Estate Portfolio Management &
Lease Administration, Energy & Environment Sustainability Management,
Maintenance Management and Others), By End-User (BFSI, Utilities, Aerospace
& Defense, Telecommunication, Manufacturing, Healthcare and Others), By
Region, and By Competition,” has evaluated the future growth
potential of Global Integrated Facility Management 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 Global Integrated Facility Management Market.
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