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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

Integrated Facility Management Market Outlook (2023-2033)

As of 2023, global demand for the integrated facility management market estimated to be US$ 1,01,631.3 Mn and is forecasted to have a sales revenue of US$ 2,19,517.7 Mn by the end of 2033. This huge jump is because, over the course of the next ten years, the integrated facility management market is predicted to progress at a CAGR of 7.8%.

The integration of facility management activities under a single, unified team is referred to as integrated facility management. Contracts, partnerships, management of space, rooms and halls, and real estate planning are all part of this.

Facilities management is an essential component of running a successful business. As a result, incorporating a facilities manager into the day-to-day operations of your business will be essential.

The significance of integrated facility management is that facilities managers will organize, coordinate, and manage office space, as well as supervise contractors and plan any disruptions to minimize the impact on office activities. A good facilities manager will boost your company's overall operational efficiency. They will give your employees the tools they need to do their jobs well and will make your company's day-to-day operations run smoothly.

In the current global environment, the industry is ideally situated to benefit from infrastructure investment. The majority of the services associated with the business, performances, and market expansion are represented by the market preference for remodeling existing structures. To maintain clean and green infrastructure, such as the development of smart buildings, government organizations in emerging countries enter into contracts with a variety of private contractors, including service providers and multinational companies.

In terms of the regional market landscape, the market in North America held a dominant market share of 28.7% in the global landscape in 2022 and is expected to retain its dominant position throughout the forecast period. Meanwhile, demand for integrated facility management market in Europe region holds a 25.1% value share in global market in 2022.

Attributes Key Insights

Integrated Facility Management Market Size (2023)

US$ 1,01,631.3 Mn

Projected Market Value (2033)

US$ 2,19,517.7 Mn

Global Market Growth Rate (2023-2032)

7.8%

IFM for Large Enterprises Market Share (2022)

58.90%

US Market Share (2022)

14.5%

IFM for Manufacturing Market Share (2022)

14.40%

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

Industry-wise, the market is divided into the following categories: BFSI, education, government, manufacturing, healthcare, retail & CPG, retail & CPG, travel & hospitality, and others. A bigger market share is forecasted for the IT & telecom sectors. The growing requirement for managing all services at one location can be primarily responsible for the expansion of the IT and telecom sectors.

The IT and telecom industries may manage their different responsibilities, such as asset management, project management, maintenance services, on-demand maintenance, and scheduled services, among others, with increased efficiency with the use of integrated facilities management systems. Additionally, it is forecasted that large established companies will significantly contribute to market expansion by increasing their investments in R&D activities.

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Is the U.S. Integrated Facility Management Market a Remunerative One?

“Investments in smart technology and artificial intelligence Development to Create New Opportunities”

The U.S. is the most lucrative market for integrated facility management in the North American region and is expected to maintain this position across the forecast period as well.

Due to the significant presence of service providers like IBM, Oracle Corporation, CBRE, Sodexo, and Compass Group, among others, the U.S. will become the largest market for IFM in North America. This is driven by a growth in demand across numerous industrial verticals for adaptable and sophisticated integrated facilities management solutions.

Additionally, the U.S. market is highly mature and has been securing contracts for the past two generations. One of the key factors propelling market expansion in the region is the rising demand for cloud-based integrated facility management platforms.

Further, it is expected that the market for integrated facility management solutions would have tremendous development potential as smart technology and artificial intelligence continue to expand.

In 2022, the U.S. Integrated Facility Management companies helped the country to account for a dominant share of 14.5% in the global marketplace.

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How Will Integrated Facility Management Demand Fare in China?

“Growing real estate and construction industries to Provide Attractive Business Scope”

Due to its growing real estate and construction industries, China is presenting prospective growth prospects for integrated facility management suppliers. Additionally, one of the key forces behind the expansion of integrated facilities management systems and services is cost efficiency.

Furthermore, the significance of hiring specialist services from subject-matter experts has expanded due to expanding government guidelines and incentives for buildings and other facilities as well as a growing trend toward sustainability, which is fuelling market expansion.

The China integrated facility management market is estimated to expand at an impressive 16.1% CAGR over the next ten years.

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Which Countries in Europe have the high global Markets for Integrated Facility Management?

“Germany to be Opportune Regional Markets”

Germany is anticipated to grow significantly during the next ten years. It is a result of the government's adoption of preventative measures in various cities around the nation. By implementing these preventative steps, service organizations will be able to improve their workforce, productivity, and sales.

Integrated facility management of Germany in 2022 Value share in the global market is 10.1%.

Category-wise Insights

Which Enterprise Size Holds a Larger Share in the IFM Market?

“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 enterprise segment is expected to hold a higher share of the market accounting for more than 58.9% of the market share in 2022.

IFM has been proven to be an effective and efficient method of managing work in large businesses. When compared to managing each independent client and job several times, integrated facility management gives enhanced visibility that results in speedier replies to requests, effective team management, lower operating expenses, and flawless employee downtime.

Organizations that select a single service provider do so in order to delegate their ongoing business activities to a specialist. Large businesses can be assured of higher service quality and increased productivity by contracting for the services.

Competitive Landscape

The global integrated facility management market's key players are focusing on business strategies such as mergers and acquisitions and geographical The introduction of new products and strategic partnerships are key in this landscape.

  • In September 2022, Aldar Properties PJSC ("Aldar") stated that it is expanding its platform for managing properties and integrated facilities by fully acquiring Spark Security Services, a top provider of manned guarding security services in the UAE.
  • In Oct 2022, German business Apleona has signed an agreement to acquire Dublin-headquartered Acacia Facilities Holdings and its subsidiary Acacia facilities management.

Recent developments related to key players providing Integrated Facility Management have been tracked by the analysts at Persistence Market Research, which will be accessible in the full report.

Integrated Facility Management Market Report Scope

Attribute Details

Forecast Period

2023-2033

Historical Data Available for

2017-2022

Market Analysis

US$ Mn for Value

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East and Africa (MEA)

Key Countries Covered

  • United States
  • Canada
  • Brazil
  • Mexico
  • Germany
  • U.K.
  • France
  • Spain
  • Italy
  • China
  • Japan
  • South Korea
  • India
  • Indonesia
  • Malaysia
  • Singapore
  • Australia
  • New Zealand
  • Turkey
  • South Africa
  • GCC Countries

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

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Key Segments of Integrated Facility Management Market Research

Solution:

  • Integrated Facility Management (IFM) Platforms
  • 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

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East and Africa (MEA)

- Companies Covered in This Report -

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

- Frequently Asked Questions -

In 2023, demand for integrated facility management markets for a valuation of US$ 1,01,631.3 Mn.

The globally integrated facility management market is estimated at 7.8% CAGR through 2033.

The market for integrated facility management is forecasted to climb to US$ 2,19,517.7 Mn by 2033-end.

Demand for Integrated Facility Management in India is projected to rise at 9.2% CAGR over the next ten years.

In 2022, the North American integrated facility management market held a dominant market share of 28.7%.

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