Persistent efforts undertaken by small, medium, and large enterprises to reduce their operational costs by the means of improved efficiency of each utility will ensure the facilities management market to continue to flourish during the forecast period of 2016 to 2024. This report on the global facilities management market takes 2015 as base year and provides historical data from 2014 to showcase how the demand has evolved in the recent past and what will be its scenario going forward. Facility management includes the maintenance of support services and helps in enhancing the quality of basic business procedures. These systems integrate customers and employees, places, systems, technology, and processes to achieve the desired results. During the forecast period of 2016 to 2024, the market for facilities management is projected to expand at a robust CAGR of 13.6%.

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This report on the global facilities management market provides analysis for the period 2016–2024, wherein 2015 is the base year and the period from 2016 to 2024 is the forecast period. Data for 2015 has been included as historical information. The report covers market dynamics including drivers, restraints opportunities, and trends expected to influence the facilities management market growth during the said period. Increasing demand of outsourcing services are playing a major role in driving the global facilities management market The study provides a comprehensive analysis on market growth throughout the above forecast period in terms of revenue estimates (in US$ Bn), across different geographies.

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Some of the targeted audiences of this market are facility management providers, managed service providers, clod service providers, integration service providers, professional service providers such as consultancy and training, end use verticals, facilities management service providers, and application developers.

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Some of the key factors augmenting the demand in the global facilities management market are: rising levels of outsourcing in building management, growth in infrastructure development, value proposition offered to building owners, growing real estate and property management market in emerging economies in Asia Pacific, changing working culture in a number of organizations, growing emphasis on environmental and regulatory compliances, and the emergence of cloud-based solutions. On the other hand, factors such as lack of managerial awareness, lack of adequate technological skillset, responsiveness to technology evolution, rising labor cost, and high market saturation will obstruct the market from attaining its true potential.