How much is the facilities support services market worth, and how is it expected to expand?
The facilities support services market size has grown strongly in recent years. It will grow from $185.62 billion in 2024 to $204.08 billion in 2025 at a compound annual growth rate (CAGR) of 9.9%. The growth in the historic period can be attributed to focus on core competencies, outsourcing trend, cost efficiency, technological advancements.
The facilities support services market size is expected to see strong growth in the next few years. It will grow to $294.37 billion in 2029 at a compound annual growth rate (CAGR) of 9.6%. The growth in the forecast period can be attributed to health and safety compliance, aging infrastructure, energy efficiency, economic recovery. Major trends in the forecast period include sustainability and green practices, smart building technology, remote monitoring and management, digital transformation, cybersecurity concerns.
Get Your Free Sample of The Global Facilities Support Services Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=2225&type=smp
Which industry factors have accelerated the facilities support services market’s expansion?
The rising number of multinational companies (MNCs) supported the growth of the facilities support services market going forward. A multinational corporation (MNC) is a large corporation that operates in its home country and produces or sells goods or services in various countries. Multinational companies often have a presence in multiple countries and regions. Managing facilities across various locations can be complex and challenging. Facilities support services providers offer a one-stop solution for MNCs to maintain and manage their facilities consistently across different geographies. This simplifies operations and ensures uniform standards of facility management. For instance, in August 2024, according to the Australian Bureau of Statistics, an Australia-based national statistical agency, the number of new business registrations in 2023-2024 grew by 436,018, exceeding the previous year’s increase of 406,365 businesses in 2022-2023. Therefore, the rising number of multinational companies (MNCs) is driving the growth of the facilities support services market.
What are the primary segments of the facilities support services market?
The facilities support services market covered in this report is segmented –
1) By Type: Maintenance Services, Security And Guard Services, Reception Services, Other Facilities Support Services
2) By Mode: Online, Offline
3) By Deployment Type: On-Premise, Cloud
Subsegments:
1) By Maintenance Services: Building Maintenance, Electrical Maintenance, HVAC Maintenance, Plumbing Maintenance, Elevator Maintenance
2) By Security And Guard Services: On-site Security Guards, CCTV Monitoring, Access Control Services, Event Security Services
3) By Reception Services: Front Desk Management, Visitor Management, Concierge Services
4) By Other Facilities Support Services: Cleaning And Janitorial Services, Waste Management Services, Landscaping Services, Pest Control Services, Catering And Vending Services
Order your report now for swift delivery
https://www.thebusinessresearchcompany.com/report/facilities-support-services-global-market-report
Which firms are leading the facilities support services market?
Major companies operating in the facilities support services market include Jones Lang LaSalle Inc., Sodexo, CBRE Group, ISS A/S, Cushman & Wakefield Inc., Atalian Servest Group Limited, Emcor Group, Alstom SA, ABM Industries Inc., Grupo ACS., ABM Industries Inc., Aramark Corporation, Compass Group Plc, Group 4 Securicor plc, International Service System World, Mitie Group plc, United Group Limited, Allied Universal, Anixter International Inc., ATALIAN Global Services Inc., BGIS Global Integrated Solutions Canada LP, Bilfinger SE, Colliers International Group Inc., DTZ Investment Management Limited, ENGIE SA, Eurest Services, Inc., FacilitySource LLC, GDI Integrated Facility Services Inc., Groupe CRIT SA, Johnson Controls International plc, KBR Inc., OCS Group Limited, SNC-Lavalin Group Inc., Veolia Environnement SA.
Which market trends are set to define the future of the facilities support services market?
Facilities support activities companies are increasingly using technology to effectively recruit and manage candidates. These technologies offer features such as passive activity tracking, integration with email platforms, and maintaining candidate databases. This reduces recruitment time, improves placement quality, and strengthens the relationship with clients. Recruitment analytics software also provides helpful business insights for staffing agencies. For example, in North America, 64% of firms use technologies such as an applicant tracking system (ATS) to track candidate activity and about 60% of firms use a customer relationship management (CRM) system for business development.
Which geographic trends are shaping the facilities support services market, and which region has the highest market share?
Western Europe was the largest region in the facilities support services market in 2023. Asia-Pacific was the second-largest region in the facilities support services market. The regions covered in the facility support services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Facilities Support Services Market Report 2025 Offer?
The facilities support services market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Facilities support services encompass essential management functions that provide operational personnel for various support activities within a client’s premises. These services ensure the functionality, safety, and sustainability of buildings, grounds, and infrastructure. By maintaining real estate effectively, facilities support services contribute to a well-managed and efficient environment.
Purchase the exclusive report now to unlock valuable market insights:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=2225
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
