The research finds that the expansion of the facility management services market is fuelled by factors such as increased industrialisation and urbanisation, increased residential and non-residential building, and increased awareness of asset protection. Furthermore, several facility management service providers, such as CBRE Group, Quess Corp Ltd, and others, are working to integrate sustainable development, technology, infrastructure, people, and real estate to achieve optimum efficiency.

As a result, the global facility management services market is predicted to rise as people become more conscious of the importance of protecting their assets or properties. However, the lack of trained personnel and resources in emerging nations, as well as a lack of managerial awareness and reliance on in-house facility management teams, are impeding the demand for facility management services.

Infrastructure investment

The facility management system will benefit from growth in the infrastructure sector. Infrastructure investment is a priority for governments in a number of countries. They have begun to make significant investments in the construction of trains, ports, airports, and other infrastructure.

There have been a number of cooperations with a variety of private companies, including service providers, to keep the infrastructure sustainable. Furthermore, governments are entering into agreements with a number of multinational players to finish and connect their infrastructure both inside and beyond borders.

As a result, the facility management services market is likely to be driven by the expansion of the infrastructure sector in various nations. Furthermore, service providers all around the world have a plethora of options for obtaining contracts from the private sector.

Limiting factors

However, one of the issues limiting the facility management services market outlook is security worries about the integrity of devices and networks. Increasing security breaches and cyber crime group threats are causing distrust, which is harming industry growth.

Key points

Some of the main take away market indicators from the research, according to Future Market Insights include the following predictions:

• By 2023, the outsourced facility management services market in the United States is expected to reach US$ 200 billion. Outsourcing income is increasing in the healthcare and education industries in the United States.

• By 2027, the electrical segment is likely to contribute for 20% of the customer base in the United Kingdom.

• The Asia Pacific facility management services adoption rate is expected to grow at a rate of over 15% until 2027. Increased government measures to help smart cities are a feature of the APAC sector. The number of large public facilities, such as airports, malls, universities, hospitals, and seaports, is growing in tandem with the development of smart cities, which has boosted demand for facility management services.

• The rapidly expanding building sector in Asian countries like India and China would also help the business advance in Asia.

• The security segment of the facility management services market in Japan is expected to grow at a CAGR of more than 15% until 2027. Organisations will need to recruit qualified security staff to safeguard themselves from potential hostile attacks or criminal operations on their premises, which will fuel industry growth.