Integrated Facility Management Market Expansion 2024-2033: Growth Drivers and Dynamics

The integrated facility management global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.

Integrated Facility Management Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.

Market Size –

The integrated facility management market size has grown steadily in recent years. It will grow from $95.19 billion in 2023 to $99.29 billion in 2024 at a compound annual growth rate (CAGR) of 4.3%. The growth in the historic period can be attributed to cybersecurity measures, globalization and outsourcing, cost optimization and efficiency, health and safety concerns, cloud-based solutions..

The integrated facility management market size is expected to see strong growth in the next few years. It will grow to $122.58 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to adoption of low-code or no-code platforms, mobile facilities management apps, focus on cost optimization, resilience and business continuity planning, agile workspaces and flexibility.. Major trends in the forecast period include technological advancements, focus on sustainability and green practices, remote facility management, integration of building information modeling (bim), demand for cloud-based ifm solutions, user experience and workplace well-being..

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Scope Of Integrated Facility Management Market

The Business Research Company’s reports encompass a wide range of information, including:

1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.

2. Drivers: Examination of the key factors propelling market growth.

3. Trends: Identification of emerging trends and patterns shaping the market landscape.

4. Key Segments: Breakdown of the market into its primary segments and their respective performance.

5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.

6. Macro Economic Factors: Assessment of broader economic elements impacting the market.

Market Drivers –

The increasing development of sustainable infrastructure is driving the growth of the integrated facility management (IFM) market. The development of sustainable infrastructure is increasing due to the need for enabling economic and social development, as well as environmental sustainability while preserving human fairness, variety, and natural system performance. The increasing development of sustainable infrastructure will drive the demand for integrated facility management as it provides solutions for responsible contact with the environment to minimize resource depletion or deterioration and ensure the long-term environmental quality of infrastructures. The integrated facility management follows a unique process to make structural, architectural, and operational changes in buildings to reduce the negative impact on their occupants and the environment. For instance, according to The New Climate Economy, a flagship project of the Global Commission on the Economy and Climate, the world is expected to invest $90 trillion in sustainable infrastructure by 2030. These investments are crucial to boosting the economic growth in emerging markets and developing countries in addition to fighting against climate change. Furthermore, the Organization for Economic Co-operation and Development (OCED) predicts that an annual average investment of $6.9 trillion in sustainable infrastructure is required until 2030 for global development. Both instances indicate the increased development of sustainable infrastructure globally. Hence, the increasing sustainable infrastructure development will propel the integrated facility management market growth.

Market Trends –

Product innovations have emerged as the key trend gaining popularity in the 5G chipset market. The major players in the market are developing innovative products for market growth. For instance, in June 2021, Samsung Electronics, a South Korea-based electronics company, developed 3GPP Rel.16 compliant chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G technologies. The new chipsets consist of a second-generation 5G modem System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These are designed to increase power efficiency, boost performance, and reduce the size of 5G solutions.

The integrated facility management market covered in this report is segmented –

1) By Solution: Project Management & Real Estate Portfolio Management & Lease Administration, Asset & Space Management, Maintenance Management, Energy & Environment Sustainability Management, Other Solutions
2) By Deployment Type: On-Premise, Cloud
3) By End-User: Real Estate & Infrastructure, Healthcare, BFSI, Telecomminucation, Manufacturing, Aerospace & Defense, Supply Chain & Logistics, Utilities, Retail, Energy & Resources, Other End Users

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Regional Insights –

North America was the largest region in the integrated facility management market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the integrated facility management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Key Companies –

Major companies operating in the integrated facility management market report are JLL (Jones Lang LaSalle Incorporated), ISS A/S, CBRE Group Inc., Cushman & Wakefield plc, Sodexo S. A., CBM Qatar LLC, International Business Machines Corporation (IBM), Siemens Healthcare Private Limited, ScienceSoft USA Corporation, Biofourmis Care Solutions Pte. Ltd., i2i Systems Inc., Phytel Inc., Wellcentive Inc., TriZetto Corporation, Mediware Human & Social Services Inc., MINES and Associates Inc., Pegasystems Inc., ZeOmega Inc., Atos SE, Happiest Minds Technologies Limited, Infostretch Corporation, Katalon LLC, Larsen & Toubro Infotech Limited (LTI), Nagarro Inc., Tech Mahindra Limited, Compass Group PLC, AHI Facility Services Inc., EMCOR Facility Services, Oracle Corporation, SAP SE, Trimble Inc., Nemetschek SE, Archidata International Inc., UpKeep Technologies Inc., FacilityOne Technologies, OfficeSpace Software Inc.

Table of Contents
1. Executive Summary
2. Integrated Facility Management Market characterstics
3. Integrated Facility Management Market Trends And Strategies
4. Integrated Facility Management Market – Macro Economic Scenario
5. Global Integrated Facility Management Market Size And Growth
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31. Global Integrated Facility Management Market Competitive Benchmarking
32. Global Integrated Facility Management Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Integrated Facility Management Market
34. Integrated Facility Management Market Future Outlook and Potential Analysis
35. Appendix

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