Need to manage operations, resources, and assets by businesses has led to increased adoption of facilities management. Smart solutions, backed by IT applications, such as digital data management have contributed significantly towards the growth of facilities management market. In its recently added report titled, 'Facilities Management Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025', Market Research Hub (MRH) collates veritable insights on the impact of recent trends and developments on the growth of the market.
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Advancement in Technology Creates Inroads for Service Providers
Facilities management has evolved in its functionality to address industry specific demands. Service providers are actively involved in enhancement of activities such that they remain need specific. Technological up-gradation is a much sought after business tactic that service providers are harnessing in order to harbor their lead in the market. Also, Service providers are leveraging the benefits of acquisitions as part of growth oriented business strategy. For instance, Arthur McKay & Co Ltd. in its latest venture has acquired Thermotech business, a leading company in HVAC (Heating Ventilation and Air Conditioning). The company is an industry expert in installation and maintenance of heating and air conditioning systems for reputed business profiles. With this acquisition, Arthur McKay & Co Ltd envisions to expand its customer base.
Additionally, technological enabled management systems are pivotal in customer retention and expanding geographical reach. Service providers are keen on the incorporation of advanced software that can address the needs of end-user aptly. A recent report confirmed that Bellrock, an industry veteran has recently bagged a contract with Thurrock Council. The company’s facilities management software business, Concerto has been awarded the contract aimed at accomplishing holistic property maintenance. Concerto’s portal and mobile app is designed to facilitate hassle free operations and access to real time data to ensure seamless management for the client.
Veritable perspectives compiled in the report presents significant insights pertaining to the impact of growth of various segments on the market. In this section, the report portrays important segments of the market which include, service type, industry, and region. Based on service type, the market is segmented as hard services and soft services. On the basis of industry, the market is segmented as corporate, government and public sector, health care, manufacturing, residential and educational institutes, retail and commercial, and others (food, sports, etc.). Based on the detailed account of insights highlighted in the report, readers can comprehend and know about the segments that are major revenue generators in the market, as well as their impact on the growth of the market.
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Besides segmentation, the report is also bifurcated in terms of various regions. On the basis of region, the market is segmented as Europe, North America, South America, Asia Pacific, and Middle East and Africa. Information collated in the report provides a guide to the readers about the impact of various strategies and policies followed by leading companies in different regions. On the basis of these data, market players can understand the current developments and market trends and formulate strategies to gain maximum revenues.
Key Players Identified in Facilities Management Market
Significant insights encapsulated in the report offers vital information on various policies and business strategies applied by leading companies and its influence on the purchase decision of customers. On the basis of these perspectives compiled in the report, leading companies and new players in the market can make precise analysis and core decisions related to investment. Leading companies identified in the market include Arthur McKay & Co Ltd. Bellrock Property & Facilities Management Limited, Bilfinger HSG Facility Management GmbH, Broadspectrum (Australia) Pty Limited, ISS World Services A/S, Knight Facilities Management, Quess Corp Limited, Sodexo, Inc., Spotless Group Limited among others.
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