Integrated Facility Management (IFM) Market

Global Market Study on Integrated Facility Management (IFM): Growing Popularity of Smart Buildings & Infrastructure Driving Market Expansion

Integrated Facility Management (IFM) Market Segmented By Integrated Facility Management (IFM) Platforms, Services Solution for IFM for SMEs, IFM for Large Enterprises

Market Snapshot

As per Persistence Market Research’s latest industry analysis on integrated facility management (IFM), global revenue is expected to close in on US$ 730 Bn in 2021. The global market is projected to register steady growth at 4.2% CAGR through 2031.

The IFM industry research indicates 2.9% y-o-y growth in 2021. Cloud-based integrated facility management is set to enjoy a higher market share. On the other hand, demand for on-premise integrated facility management platforms is forecast to rise at 3.7% CAGR over the decade.

Find Out More about the Report Coverage

Companies

  • CBRE
  • Compass Group
  • ISS
  • JLL
  • Sodexo
  • Broadcom 
  • IBM Corporation
  • Oracle Corporation
  • Accruent
  • MRI Software LLC

Key Insights Covered in Integrated Facility Management Industry Survey:

  • Market Estimates and Forecast 2016-2031
  • Key Drivers and Restraints Impacting Market Growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Brand Share and Market Share Analysis
  • Key Product Innovations and Regulatory Climate
  • COVID-19 Impact on Demand for Integrated Facility Management and How to Navigate
  • Recommendation on Key Winning Strategies

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Integrated Facility Management Market Analysis from 2016-2020 Compared to Demand Outlook for 2021-2031

The global integrated facility management market size expanded at 2.4% CAGR from 2016 to 2020, and is estimated to be valued at close to US$ 730 Bn in 2021.

Primary advantages of adopting integrated facility management solutions and services include streamlined operations and simplified processes, reduced cost, improved operational efficiency, reduced management complexity, and improved service delivery, coupled with enhanced ability to share information, and improve global delivery, while driving continuous improvement.

The global market is anticipated to witness growth in revenue from US$ 730 Bn in 2021 to over US$ 1.1 trillion by 2031.

Market Research Methodology - Perfected through Years of Diligence

A key factor for our unrivaled market research accuracy is our expert- and data-driven research methodologies. We combine an eclectic mix of experience, analytics, machine learning, and data science to develop research methodologies that result in a multi-dimensional, yet realistic analysis of a market.

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How are Smart Buildings Affecting Integrated Facility Management Market Outlook?

A flourishing construction market and the desire among private and public sectors to build outstanding infrastructure have added thrust to the integrated facilities management market across the globe. However, the trend of IFM services and solutions is currently limited to larger enterprises, MNCs, and the public sector.

Green commissioning services and efficient integrated facility management service solutions allow organizations to maintain their green certification and thereby abide by the guidelines of the government.

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What are the Key Expansion Strategies Followed by IFM Providers?

Companies operating in the market are delivering advanced, flexible, and cost-effective integrated facility management proactively, and are providing services to help end users maneuver through ever-changing requirements.

With growing popularity of IFM, companies are helping consumers in choosing the right integrated facility management solutions as per their requirements. Companies have been working with different customers in order to understand their needs and further cater to their customized demands, aimed at meeting their frequently-changing industry-specific requirements.

IFM service providers are very experienced in transitions and have detailed plans for moving services without disrupting business unit operations.

integrated-facility-management-ifm-market

Country-wise Insights

Why is Demand for Integrated Facility Management Surging across the U.S.?

According to Persistence Market Research market analysis, overall, integrated facility management spending in the U.S. alone is likely to increase at the rate of 4.2% from 2021 to 2031, with a market value of close to US$ 191 Bn in 2021.

The U.S. will emerge as the largest market for IFM in North America due to strong presence of service providers such as IBM, Oracle Corporation, CBRE, Sodexo, and Compass Group, among others. This is attributed to increase in demand for flexible and advanced integrated facility management solutions across different industry verticals.

Furthermore, the U.S. happens to be a high maturity market and has been securing contracts for two generations now. Growing demand for cloud-based integrated facility management platforms in the region is one of the major factors driving market growth.

Moreover, increasing penetration of smart technology and artificial intelligence is further anticipated to provide the market for integrated facility management solutions with significant growth potential.

Will the U.K. Be a Lucrative Market for IFM Service Vendors?

The market in the U.K. is anticipated to be valued at around US$ 72.5 Bn by 2031. In recent years, the U.K. media landscape has been changing rapidly. Technological advancements are offering significant growth potential for implementation of IFM solutions.

Upcoming technologies such as sensor technologies are opening up new robot applications, which shall increase the total number in facilities maintenance, thereby driving the market growth.

Furthermore, automobiles and transport are also becoming an area of interest for IFM service providers with the growing popularity of driverless cars.

What is Driving Demand for Integrated Facility Management in China?

According to the Persistence Market Research analysis, the market for IFM in China is likely to expand at a CAGR of 4.8%, with a market value of around US$ 45.6 Bn in 2021.

China is creating potential growth opportunities for integrated facility management suppliers owing to the booming construction and real estate market in the country. Moreover, cost optimization happens to be one of the major drivers for the growth of integrated facility management solutions and services.

Furthermore, growing protocols and incentives by the government for buildings and other facilities coupled with growing inclination toward sustainability has increased the importance of procuring specialized services from experts in the required areas, thereby driving market growth.

How are Integrated Facility Management Sales Faring across India?

The market in India is anticipated to witness growth in revenue from around US$ 25.9 Bn in 2020 to US$ 45 Bn by 2031. Demand for integrated facility management has increased rapidly in major economies of South Asia and Pacific, including India and Australia & New Zealand, which has created key potential growth opportunities for market participants.

More developed nations such as Australia, Singapore, and Malaysia are major markets for high-end integrated facility management services due to consumers' and governments' emphasis on energy-efficient construction.

In India, there has been steady growth in the adoption of IFM across IT and telecom and healthcare industries. Also, India happens to be a potential market for adoption of large bundled engagement contracts as well as outsourcing of integrated facility management services.

Demand for integrated facility management is projected to show major growth as organizations in the market seek cost-efficient management of their tasks.

Category-wise Insights

Why are Facilities Management Services Witnessing Huge Popularity?

The market is segmented into integrated facility management platforms and services. Integrated facility management platforms are further segmented into cloud-based and on-premise. Whereas, services are further bifurcated into professional services and managed services.

The professional services segment comprises facilities management services, consulting services, integration & implementation services, support & maintenance. The services segment is expected to dominate the global market and account for 63.2% of total market value share.

This can be attributed to rising demand for cost-effective and advanced integrated facility management along with increasing demand for procuring services in order to reduce load and improve efficiency.

Why Do Large Enterprises Hold a Larger Share in the IFM Market?

In terms of enterprise size, the market is segmented into small and medium enterprises (SMEs) and large enterprises. The large enterprises segment is expected to hold a higher share of the market accounting for more than 79% of the market share in 2021, while also creating an incremental opportunity of US$ 268.9 Bn through 2031.

For large corporations, IFM is a demonstrated way for efficient and streamlined management of work. In evaluation with managing every independent stakeholder and every task numerous times, integrated facility management offers increased visibility leading to quicker responses to requests, effective management of teams, reduction of operation costs, and less downtime for employees.

When organizations decide on a single service provider, it means that they outsource their daily business operations to a specialized provider. By procuring the services, the large enterprises are guaranteed better quality of service and improved efficiency.

Why is Integrated Facility Management Popular in the IT & Telecom Industry?

In terms of industry, the market is segmented into government, manufacturing, healthcare, retail & CPG, IT & telecom, education, BFSI, travel & hospitality, and others.

The IT & telecom segment is expected to hold a larger share in the market, having accounted for US$ 159 Bn in 2020, and is poised to increase at a considerable CAGR of 5.7% over the next ten years.

Growth of the IT & telecom segment can be primarily attributed to rising need for managing all services at a single point. With the help of integrated facility management solutions, the IT and telecom industry is capable of managing its various tasks such as asset management, project management, preventive maintenance, on-demand maintenance, and scheduled services among others, with improved efficiency.

Furthermore, increasing investments by major established players in research & development activities are also projected to contribute substantially to market expansion.

Competitive Landscape

According to Persistence Market Research industry analysis, CBRE, Compass Group, ISS, Jones Lang LaSalle IP, Inc., Sodexo, Broadcom, IBM Corporation, Oracle Corporation, Accruent, and MRI Software, LLC are identified as key IFM providers.

Companies involved in integrated facility management are aiming for product innovation and strategic partnerships with other vendors to enhance their portfolios while addressing the demand of an expanding customer pool. Introduction of new products and strategic partnerships are key in this landscape.

  • In March 2019, CCMP Capital Advisors completed the acquisition of BGIS from Brookfield Business Partners. The later company provides a wide range of customized facility management services, energy and sustainability solutions, project delivery services, along with workplace advisory and management, asset management, and real estate services.
  • In July 2018, Fortive completed the acquisition of Accruent. The acquisition is aimed at advancing the later company’s digital strategy and strengthen its business of Field Solutions with an IoT portfolio consisting of connected devices, data analytics, and software enabled workflows. The deal was closed for USD 2 billion and happens to be the largest deal in facilities management software in the year.
  • Companies like Wipro are providing integrated facilities management solution combining the organization’s functions and facility services into a single platform. This helps in streamlining the communication between business leaders and facility managers, thus further aids in increasing the efficiency of buildings and simplifying the everyday operations of the business.

Integrated facility management solutions vendors and service providers are also focusing on entering into partnerships with technology and digital solution providers to target new innovations within the market. This strategy helps companies broaden their geographic reach with additional service portfolios.

Integrated Facility Management Market Report Scope

Attribute

Details

Forecast Period

2021-2031

Historical Data Available for

2016-2020

Market Analysis

US$ Billion for Value

Key Countries Covered

  • US
  • Canada
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia
  • China
  • Japan
  • South Korea
  • India
  • Thailand
  • Malaysia
  • Indonesia
  • Australia
  • New Zealand
  • GCC Countries
  • Turkey
  • South Africa

Key Market Segments Covered

  • Solution
  • Enterprise Size
  • Industry
  • Region

Key Companies Profiled

  • CBRE
  • Compass Group
  • ISS
  • JLL
  • Sodexo
  • Broadcom
  • IBM Corporation
  • Oracle Corporation
  • Accruent
  • MRI Software, LLC

Report Coverage

  • Market Forecasts
  • Vendor Share Analysis
  • Competition Intelligence
  • DROT Analysis
  • Market Dynamics and Challenges
  • Strategic Growth Initiatives

Customization & Pricing

Available upon Request

Category Segmentation of Integrated Facility Management Industry Research

Solution

  • Integrated Facility Management (IFM) Platforms
    • Cloud-based
    • On-Premise
  • Services
    • Professional Services
      • Facilities Management Services
      • Consulting Services
      • Integration & Implementation Services
      • Support & Maintenance
    • Managed Services

Enterprise Size

  • IFM for SMEs
  • IFM for Large Enterprises

Industry

  • IFM for Government
  • IFM for Manufacturing
  • IFM for Healthcare
  • IFM for Retail & CPG
  • IFM for IT & Telecom
  • IFM for Education
  • IFM for BFSI
  • IFM for Travel & Hospitality
  • Others

FAQs Answered in Market Study

  • What is the global market size for integrated facility management?

    The global integrated facility management market is currently valued at around US$ 707.2 Bn.

  • At what rate did demand for integrated facility management increase in the last five years?

    Demand for integrated facility management increased at 2.4% CAGR from 2016 to 2020.

  • What are the key market trends shaping the demand for IFM?

    Market players are focused on introducing technological improvements and offering cost-effective integrated facility management solutions and services to help enterprises improve their productivity and offer flexibility.

  • Which countries are key producers of integrated facility management?

    According to Persistence Market Research analysis, the U.S., U.K., China, Japan, and Germany are key countries producing integrated facility management solutions.

  • What is the North America growth outlook for sales of integrated facility management?

    North America is dominating the global market for integrated facility management, accounting for 36.7% market share, and this regional market is set to expand at a CAGR of 4%.

  • Who are the top 5 integrated facility management providers and what is their market share?

    CBRE, Compass Group, ISS, Jones Lang LaSalle IP, Inc., and Sodexo are top IFM providers, and are likely to account for over 53% of the global market share.

  • At what rate will demand for integrated facility management rise in across Europe?

    The European market for IFM is expected to rise at a CAGR of 4.3% from 2021 to 2031.

  • Which are the top five countries driving integrated facility management demand?

    Leading countries driving demand for integrated facility management are the U.S., U.K., China, Japan, and India.

  • What are the market statistics for integrated facility management in Japan and South Korea?

    Demand for IFM in Japan and South Korea is expected to account for 35.6% and 19.1% value share, respectively, in the East Asia market.

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  • What research methodology is followed by Persistence Market Research?

    Persistence Market Research follows a methodology that encompasses the demand-side assessment of the market and triangulates the same through supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions. Request a detailed methodology.

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Media Release

- FAQs -

The global integrated facility management market is currently valued at around US$ 707.2 Bn.
Demand for integrated facility management increased at 2.4% CAGR from 2016 to 2020.
Market players are focused on introducing technological improvements and offering cost-effective integrated facility management solutions and services to help enterprises improve their productivity and offer flexibility.
According to Persistence Market Research analysis, the U.S., U.K., China, Japan, and Germany are key countries producing integrated facility management solutions.
North America is dominating the global market for integrated facility management, accounting for 36.7% market share, and this regional market is set to expand at a CAGR of 4%.
CBRE, Compass Group, ISS, Jones Lang LaSalle IP, Inc., and Sodexo are top IFM providers, and are likely to account for over 53% of the global market share.
The European market for IFM is expected to rise at a CAGR of 4.3% from 2021 to 2031.
Leading countries driving demand for integrated facility management are the U.S., U.K., China, Japan, and India.
Demand for IFM in Japan and South Korea is expected to account for 35.6% and 19.1% value share, respectively, in the East Asia market.
The global integrated facility management market is currently valued at around US$ 707.2 Bn.
Demand for integrated facility management increased at 2.4% CAGR from 2016 to 2020.
Market players are focused on introducing technological improvements and offering cost-effective integrated facility management solutions and services to help enterprises improve their productivity and offer flexibility.
According to Persistence Market Research analysis, the U.S., U.K., China, Japan, and Germany are key countries producing integrated facility management solutions.
North America is dominating the global market for integrated facility management, accounting for 36.7% market share, and this regional market is set to expand at a CAGR of 4%.
CBRE, Compass Group, ISS, Jones Lang LaSalle IP, Inc., and Sodexo are top IFM providers, and are likely to account for over 53% of the global market share.
The European market for IFM is expected to rise at a CAGR of 4.3% from 2021 to 2031.
Leading countries driving demand for integrated facility management are the U.S., U.K., China, Japan, and India.
Demand for IFM in Japan and South Korea is expected to account for 35.6% and 19.1% value share, respectively, in the East Asia market.

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