Summary
The Global Integrated Facilities Management IFM Market is expected to witness a CAGR of xx% over the forecast period 2020-2026 and is expected to reach US$ xx million in 2026, from US$ xx million in 2019.
Overview -
An integrated facility management system is an IT-based financial and fiscal management system, which is adopted by many pubic firms, private firms, and government organizations to commence, spend, and supervise their financial statement. It also manages and supervises its expenditures and other financial activities. There are various services included under this such as data migration, integration, deployment, consultancy, and managed services. The global integrated facilities management facilities IFM market focuses on six regions namely North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. The global integrated facilities management IFM market is expected to witness significant growth during the forecast period, owing to improvement in economic conditions.
Market Drivers -
Improved economic conditions coupled with rising manufacturing industries in emerging economies is expected to drive growth of the global integrated facilities management IFM market during the forecast period. According to the World Bank, the world economic growth is expected to register growth rate of 2.5% in 2020, slightly up from 2.4 in 2019. Furthermore, according to Trading Economics, Indian Manufacturing Production accounts for 18% of GDP. Emerging economies such as China, Brazil, and India are witnessing significant growth in the economy thereby boosting the adoption of integrated facilities management in these countries. Thus, these factors are expected to drive market growth in the near future. Moreover, advancements in technology, especially in cloud computing is expected to propel the global integrated facilities management IFM market growth over the forecast period.
Market Restraint -
Lack of awareness regarding IFM among consumers and less effective promotion of the same are expected to restrain growth of the global integrated facilities management IFM market over the forecast period.
Regional Insights -
Among regions, North America is expected to witness lucrative growth in the global integrated facilities management market during the forecast period. This is owing to the early adoption of IFM in the region, especially in the U.S. Moreover, Asia Pacific is expected to register a significant growth rate over the forecast period, owing to high growth of manufacturing industries in the region.
Competitive Section -
Key companies operating in the global integrated facilities management market are CushmanWakefield, Compass Group, ISS Facilities Services, Sodexo, JLL, and CBRE Group.
Key Development -
Key players operating in the market are focused on contracts and agreements, in order to enhance the market presence. For instance, in October 2017, Compass Group UK & Ireland, a subsidiary of Compass Group, entered into for soft financial management with Capita.
The Integrated Facilities Management IFM Market report highlights product development and growth strategies such as merger and acquisition adopted by market players along with SWOT Analysis, PEST and Porter’s Five Forces analyses of the Integrated Facilities Management IFM Market, which highlight the strengths, weaknesses, opportunities, and commination of key companies. Moreover, the report offers two distinct market forecasts, one from the perspective of the producer and another from that of the consumer.
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers.
The Key Manufacturers covered in this Report:-
- Compass Group
- Sodexo
- CBRE Group
- CushmanWakefield
- JLL
- ISS Facilities Services
- ...
By the Product Type, the market is primarily segmented into:
- Asset & Space Management
- Project Management
- Real Estate Portfolio Management & Lease Administration
- Energy & Environment Sustainability
- Maintenance Management
- Others
By Applications, the market is segmented into:
- BFSI
- Real Estate & Infrastructure
- Healthcare
- Utilities
- Other
The Report covers the following Regions:
- North America
- United States
- Canada
- Mexico
- Asia Pacific
- China
- Japan
- South Korea
- India
- Australia
- Indonesia
- Thailand
- Malaysia
- Philippines
- Vietnam
- Europe
- Germany
- France
- UK
- Italy
- Russia
- Central & South America
- Middle East & Africa
- Turkey
- GCC Countries
- Egypt
- South Africa
Objective of the Integrated Facilities Management IFM Market Report:
- To assess the size of the market by value and volume
- Analyze the Integrated Facilities Management IFM Market in terms of regions and major countries
- Highlight recent developments and trends in the market
- Offer perceptive data regarding major market players in terms of key developments, strategies, and product portfolio
- Determine share of the Integrated Facilities Management IFM Market in terms of various segments such as by product type, application, and end-user
- Offer accurate projection of the market for the forecast period using state-of –the-art tools and the current primary and secondary research approaches
- Discuss major factors that impact growth of the Integrated Facilities Management IFM Market
The Integrated Facilities Management IFM Market engages the readers with all pivotal approaches to understand their position in the industry based on revenue or sales growth. The report efficiently evaluates the Integrated Facilities Management IFM Market from various dimensions to deliver an end-product that is informative, elaborate, and accurate and includes detailed market segmentation, regional analysis, and competition in the market. The information in the report is backed by annual company reports, financial reports, press releases, regulatory databases, government documents, and statistical databases.
For the data information by region, company, type and application, 2019 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Key Stakeholders:
- Material suppliers/wholesalers
- Market Distributors/traders
- Regulatory bodies
- Research organizations, and consulting firms
- Commercial research & developments (R&D)
- Trade associations and industry bodies
- Importers and exporters
- End-use industries
Available Customizations:
Custom research is one of the most crucial components of the business strategy that helps an organization gain insight into specific business sector, aligned with its specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.
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