According to the report by Expert Market Research (EMR), the global integrated facilities management market size reached a value of USD 108.86 billion in 2023. Aided by the increasing demand for efficient facility management solutions and the growing applications of integrated facilities management (IFM) in various sectors, the market is projected to further grow at a CAGR of 4.7% between 2024 and 2032 to reach a value of around USD 143.08 billion by 2032.
Integrated facilities management (IFM) is a holistic approach to managing a company’s facilities and related services. By consolidating multiple facility services under a single management contract, it aims to improve efficiency, reduce costs, and enhance the quality-of-service delivery. The robust growth of the market is primarily driven by rising demand for streamlined facility management solutions, increasing urbanization, and the expanding applications across various sectors.
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The increasing preference for efficient and cost-effective facility management solutions is driving the global integrated facilities management market growth. With growing awareness of its benefits, such as improved operational efficiency, cost savings, and enhanced service quality, there has been a significant shift towards adopting integrated solutions. Additionally, the rising trend of urbanization and the need for effective management of complex facilities have further contributed to its increasing popularity of in the real estate and commercial sectors.
Its expanding applications of in various sectors also play a significant role in propelling the market. In the corporate sector, it is used to manage office spaces, ensuring optimal utilisation and maintenance of facilities. The healthcare sector utilises it for managing hospital infrastructure, ensuring compliance with safety standards and improving patient care. Moreover, the educational sector relies on it for maintaining school and university facilities, ensuring a conducive learning environment.
The increasing need for efficient and cost-effective facility management solutions is a major driver of the integrated facilities management market. It offers streamlined operations, reduced costs, and enhanced service quality, making it an attractive option for various sectors.
The robust urbanisation and infrastructure development in emerging economies are propelling the demand for integrated facilities management. The need for effective management of complex facilities in urban areas is boosting market growth.
Continuous advancements in facility management technologies, including IoT, AI, and automation, are enhancing the quality and efficiency of IFM services. These innovations are driving market growth by offering superior facility management solutions to consumers.
The trend towards smart building technologies is gaining momentum. Integrated facilities management providers are increasingly adopting IoT, AI, and automation to enhance facility management operations, improve efficiency, and reduce costs.
The trend towards sustainability is gaining traction in the market. Companies are focusing on sustainable facility management practices, including energy management, waste reduction, and eco-friendly operations, to appeal to environmentally conscious consumers, consequently driving up the global integrated facilities management market share.
The growing diversification of integrated facilities management services beyond traditional facility management is driving market growth. Its providers are offering comprehensive solutions, including energy management, space management, and IT services, to meet the evolving needs of clients.
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As per the global integrated facilities management market analysis, North America is a significant market driven by high demand for efficient facility management solutions and robust infrastructure development. Europe is leading the market with a strong focus on innovation and sustainability, with countries like the UK, Germany, and France being major markets. Asia-Pacific is the fastest-growing market, driven by rapid urbanisation, increasing disposable incomes, and the presence of major service providers.
Integrated Facilities Management Market Segmentation
The market can be divided based on end use and region
Market Breakup by End Use
- Public/Infrastructure
- Commercial
- Industrial
- Institutional
- Others
Market Breakup by Region
- North America
- Europe
- Latin America
- Asia Pacific
- Middle East and Africa
Competitive landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global integrated facilities management market. Some of the major players explored in the report by expert market research are as follows:
- Jones Lang LaSalle, IP, Inc.
- Sodexo
- ISS Facility Service
- CBRE
- Compass Group PLC
- Cushman & Wakefield
- Others
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