The Future of Facility Management: Trends, Challenges, and Opportunities
The global facility management market is expected to grow significantly, driven by technological advancements, outsourcing trends, and sustainability.
Facility ManagementOutsourcingSustainabilityTechnological AdvancementsIotAiData AnalyticsReal EstateSep 08, 2024
Frequently Asked Questions
What is the projected growth rate of the global facility management market?
The global facility management market is projected to grow at a CAGR of 5.0% from 2024 to 2031.
What are the key drivers of the facility management market?
The key drivers of the facility management market include outsourcing trends, technological advancements, and sustainability.
What are the major challenges facing the facility management market?
The major challenges facing the facility management market include technological integration and adoption, talent shortage and skills gap, and sustainability and regulatory compliance.
Who are the major players in the facility management market?
The major players in the facility management market include CA Technologies, IBM Corporation, Oracle Corporation, SAP SE, Archibus, Trimble, Accruent, Planon, FM:Systems, Ioffice, and Planon.
What is the expected market size of the global facility management market by 2031?
The global facility management market is expected to reach USD 1993.31 billion by 2031.
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