Market Highlights

As indicated by Market Research Future (MRFR's) most recent investigation, the global Unified Facility Management Industry is set to enroll a CAGR of 15% during the figure time frame 2017 to 2023. The valuation of the global market is ready to arrive at USD 70 Bn before the finish of 2023. The flourishing services area combined with the speeding up reception of digitization and robotization across various industry verticals is probably going to increase the global market within a reasonable time-frame.

Unified facility management arrangements enhance the productivity and viability of the business which is projected to affect the development of the market decidedly. The rising reception of Artificial Intelligence (AI) and the Internet of Things (IoT) have additionally prepared for the reception and arrangement of the arrangements. This, thusly, is expected to lean toward the development of the unified facility management market over the audit time frame.

The unified facility management market reverberates solid open doors for development and is probably going to remain profoundly rewarding in the impending years. The central participants are relied upon to benefit from the amazing open doors by carrying out development techniques like consolidations and acquisitions, item portfolio extension, item advancement, and so forth This is relied upon to catalyze the multiplication of the unified facility management market through the projection time frame.

The strengthened interest for the arrangement across various industry verticals like medical care, retail, BHSI, and so forth is another main consideration answerable for contributing towards the development of the market. Notwithstanding, absence of talented staff stays an obstruction to the unified facility management market development.

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Segmentation:

By components, the unified facility management market has been segmented into software, service, and solution.

By deployment type, the global unified facility management market has been segmented into on cloud and on premises.

By applications, the global unified facility management market has been segmented into BFSI, IT & telecom, healthcare, education, and retail.

Regional Outlook:

The Global Unified Facility Management Market, by region, has been segmented into Asia Pacific, North America, Europe and the Rest of the World. North America is poised to retain a dominant share of the global market through the forecast period. The extensive demand for unified facility management solutions across different industries such as health care and real estate among others is projected to drive the growth of the regional market in the foreseeable future.

Europe is an important growth pocket and is expected to witness rapid growth over the next couple of years. Meanwhile, Asia Pacific is estimated to strike the highest CAGR during the review period owing to the growth of the emerging country-level markets such as India, China, Japan, etc. The companies from different industries are deploying the technology for meeting customer needs. This has catapulted the unified facility management market in the region on an upward trajectory.

Competitive Dashboard:

Some of the key players profiled in the report are Trimble Navigation, Ltd. (U.S.), Oracle Corporation (U.S.), Archibus, Inc. (U.S.), Accruent LLC. (U.S.), SAP SE (Germany), CA Technologies (U.S.), International Business Machines Corporation (U.S.), iOffice Corporation (U.S.) Planon Corporation (Netherlands), and FM Systems, Inc. (U.S.).

Industry News:

In September 2018, Aldar Properties, Abu Dhabi, took over Khidmah, a Facility Management (FM) company for serving better services to its direct and indirect customers.

In October 2018, International Business Machine (IBM), an American multinational information technology company, has acquired Red Hat Inc., an American multinational software company providing open-source software products. The deal is worth USD 33 Bn.

In November 2018, ISS Group, a leading global facility management services provider, has assigned Coupa Software, the leader in Business Spend Management (BSM), for transforming procure-to-pay (P2P) process with a user-friendly solution for enhanced efficiency and increased saving.

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Global Unified Facility Management Market, By Components (Software, Service, Solution), By Deployment Type (On Cloud, On Premises), By Applications (BFSI, IT & Telecom, Healthcare, Education, Retail) - Forecast 2027

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