Facility management market is anticipated to grow at a considerable CAGR of 13.5% during the forecast period. The speeding up in the adoption of cloud-based solutions is one of the prime factors affecting and driving the market. Cloud-based facility management software supports in conveniently accessing it from anywhere and at any time, as it significantly improves employee productivity and collaboration. This also supports decreasing the operating costs of organizations as the software enhances better and more effective security, scalability, along with quick disaster recovery. As the backups are stored on cloud host platforms which are either shared or private that enables the organizations in order to recover easily critical server data which in turn is driving the growth of the market.
The key players operating in the global facility management market had been adopting strategies such as new launches to gain major market share. For instance, in November 2021, Oracle Corp. had set forth the opening of its first cloud region in France for the purpose of supporting the increasing cloud computing demands of private and public sector organizations. Additionally, the company provides a broad range of application modernization and cloud strategies in order to support French organizations operating with global competitiveness.
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Market Coverage
- The market number available for – 2021-2030
- Base year- 2023
- Forecast period- 2023-2030
Segment Covered-
- By Component
- By Organization Size
- By Vertical
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape- include IBM Corp., Oracle Corp., SAP Corp., Apleona GmbH, and Planon
Facility Management Market Report Segment
By Component
- Solutions
- Service
By Organization Size
- Large Enterprises
- Small and Medium-sized Enterprises (SMEs)
By Vertical
- BFSI
- IT and telecom
- Healthcare
- Education
- Retail
- Others
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Facility Management Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East & Africa
Company Profiles
- Apleona GmbH
- eFACiLiTY
- Express Facility Management
- COM
- FM:Systems
- Fortive Corp.
- IBM Corp.
- Infor
- iOFFICE
- Nuvolo
- MRI Software LLC
- Oracle Corp.
- Planon
- QuickFMS
- SAP Corp.
- Service Works Global
- Spacewell International
- UpKeep Maintenance Management
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