Facility Management Market to Surpass US$ 153 Bn, Registering Staggering 12.5% CAGR by 2032

NEW YORK, June 21, 2022 /PRNewswire/ -- Total sales in the facility management market are poised to reach around US$ 47.5 Bn in 2022. Exhibiting growth at a CAGR of 12.5%, the global facility management market is projected to be valued around US$ 153 Bn by 2032.

Advent of Industrial Internet of Things (IIoT) is boosting the requirement for advanced business technologies and new regulatory policies in emerging economies. This is likely to create lucrative opportunities for facility management players.

In addition to this, rising workflow in across various industries is propelling the demand for technologies such as big data analytics and cloud computing to manage operational activities and private details. This is expected to increase investments in facility management services in the forthcoming years.

For Critical Insights on this Market, Get A Sample Report!

https://www.factmr.com/connectus/sample?flag=S&rep_id=7227

Rising focus on improving operation efficiency, client experience, and protecting vital information is compelling industries to adopt management services, thereby propelling the demand for facility management.

Also, ongoing establishment of smart city projects in developing countries increases the demand for cleaning and maintenance services, thereby creating prospects for growth in the market.

Growing demand for data management and security in the IT and telecom, banking, financial services, and insurance (BFSI), real estate, and healthcare industries is expected to bolster sales in market.

Key Takeaways:

Growth Drivers:

Restraints:

Request Methodology & Get a Glimpse of Our Expertise

https://www.factmr.com/connectus/sample?flag=RC&rep_id=7227

Competitive Landscape:

Key manufacturers profiled in the global facility management market are incorporating modern technologies such as cloud computing and automation into their product line to expand their business. They are also adopting inorganic strategies such as collaborations, partnerships, and mergers to strengthen their global footprint.

For instance,

Key Companies Profiled by Fact.MR

More Valuable Insights on Facility Management Market

Fact.MR in its latest study analyses key drivers, opportunities, and other factors promoting the growth in the facility management market during the forecast period of 2022 to 2032. This study also offers a detailed analysis of the facility management market through segmentation as follows:

By Component Type:

By Deployment Mode:

By Organization Size:

By Vertical:

By Region:

Interested to Procure The Data? Inquire here

https://www.factmr.com/connectus/sample?flag=EB&rep_id=7227

Key Questions Covered in the Facility Management Market Report

Explore Fact.MR's Coverage on the Technology Domain

Application Transformation Market Study: Sales of application transformation are estimated to surpass US$ 13.5 Bn in 2022. Growth is attributed to increasing requirements for legacy modernization among industries to improve their cross-platform collaborations, reduce operational cost, and maintain data consistency.

Digital Experience Platform Market Study: Growing trend of endorsing products and services through online channels is compelling business enterprises to switch to digital platforms. This is anticipated to drive digital experience platform sales at a CAGR of 10.2%.

Business Rules Management System Market Study: Altering business policies with constant formalization in corporate activities is anticipated to widen the scope of implementation of business rules management system. However, the need for skilled professionals to manage business rules and regulations might restrain the growth in the market.

Sales Performance Management Software Market Study: Numerous enterprises are extensively adopting sales performance management (SPM) software to decline the processing time of sales data and identify errors in operations. This is anticipated to augment the sales of sales performance management software at 11.6% CAGR over the assessment period.

Sales Engagement Software Market Study: Growing demand for automation to enhance visibility and increasing enterprise mobility to enhance agent performance and engagement is facilitating the growth in the market. Driven by this, the demand for sales engagement software is projected to exceed US$ 29.6 Bn by the end of 2032. 

Marketing Automation Market Study: Sales generation and customer retention are gaining huge popularity with increasing penetration of digitization. In addition to this, growing need to retain customers or users for business growth, and rising need for an informed advertising strategy are estimated to accelerate the demand for marketing automation solutions.

Predictive Maintenance Market: The global predictive maintenance market is anticipated to garner an absolute dollar growth of US$ 39.3 Billion by 2032. Increasing demand to reduce operation and maintenance costs is expected to fuel the market growth during the forecast period.

e-Learning Apps Market: This detailed market research estimates that global revenue from e-Learning apps will nearly double from 2022 to 2032, reaching US$ 476.5 billion at the end of 2032 at a high compound annual growth rate (CAGR) of 7.1%.

Data Acquisition (DAQ) System Market: The data acquisition system market is expected to grow on account of growing human machine interface applications, which is expected to hold a significant share during the forecast period.

About Fact.MR

Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. Spanning a wide range – from automotive & industry 4.0 to healthcare, technology, chemical and materials, to even the most niche categories. 80% of Fortune 1000's trusts us in critical decision making.

Contact: 

Mahendra Singh
US Sales Office
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E: [email protected]
Follow Us: LinkedIn | Twitter

Logo: https://mma.prnewswire.com/media/713666/FactMR_Logo.jpg