14%+ CAGR - Facility Management Market Growth to 2021 Led by Sustainability Management Solutions
PUNE, India, September 7, 2016 /PRNewswire/ --
The facility management market is forecast to reach $56.67 billion by 2021 from $28.90 billion in 2016 at a CAGR of 14.42% driven by rapid adoption of cloud-based platforms, increased regulatory compliance needs and rapidly changing work culture in organizations which involves technology efficient workforce leading to increased technology deployment.
Complete report on global facility management market spread across 143 pages, profiling 10 companies and supported with 65 tables and 46 figures is now available at http://www.reportsnreports.com/reports/285316-facility-management-market-by-solutions-cafm-iwms-cmms-bim-iwms-services-worldwide-market-forecasts-and-analysis-2014-2019-.html .
The sustainability management solution market accounts for the largest market size during the forecast period. The sustainability management market by solution is estimated to have the largest market size during the forecast period. The sustainability management solution is in demand and is expected to grow and obtain a higher market share in the future, as it helps in improving environmental performance by governing, planning, and tracking sustainability projects across a company's portfolio.
The integration and deployment market is expected to gain traction during the forecast period. The facility management service market includes consulting, integration and deployment, and managed services. The managed service market is seen having great opportunities in the coming years. The integration and deployment service market holds the largest market size among services. Integration and deployment services facilitate rapid deployment of comprehensive facility management solutions for various industry verticals.
Asia-Pacific is projected to grow at the highest rate during the forecast period. North America has captured the largest market share in 2016 and the trend is expected to continue in the coming years. This region is an early adopter of this technology and has witnessed rapid adoption due to the availability of comprehensive solutions. On the other hand, The Asia-Pacific (APAC) facility management market is expected to witness exponential growth and is projected to be the fastest growing region for the global facility management market. This is mainly attributed to the growing requirement of facility management solutions that can be easily integrated and deployed according to user requirements.
The various key vendors profiled in the report includes IBM Corporation (U.S.), Oracle Corporation (U.S.), SAP SE (Germany), Archibus, Inc. (U.S.), Trimble Navigation Ltd. (U.S.), CA Technologies (U.S.), Accruent, LLC (U.S.), Planon Corporation (Netherlands), FM System, Inc. (U.S.) and iOffice Corporation (U.S.). Order a copy of "Facility Management Market by Solution (Asset & Inventory, Workplace & Relocation, Strategic Planning & Project, Sustainability, Real Estate & Lease, Maintenance), Service, Deployment Type, Business Size, Vertical, and Region - Global Forecast to 2021" research report at http://www.reportsnreports.com/purchase.aspx?name=285316 .
This research study answers several questions for the stakeholders, primarily which market segments to focus in next two to five years for prioritizing the efforts and investments. The target audiences of the facility management market report are facility management providers, integration service providers, managed service providers, cloud service providers, professional service (consultancy, training) providers, end users (verticals), facility management service providers (third-party vendors), other IT tools vendors/providers (database, visual dashboards, GIS)and application developers.
On a related note, another research on Enterprise Asset Management Market Global Forecast to 2021 says, the EAM market size is estimated to grow from USD 3.15 billion in 2016 to USD 5.24 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 10.7%. Large enterprises are expected to gain prominent traction during the forecast period. North America is expected to account for the largest market share in 2016; it is also expected to be the fastest-growing region in terms of CAGR. Companies like ABB Group, IFS AB, IBM Corporation, Oracle Corporation, SAP SE, AssetWorks, Genesis Solutions, Infor, Mainsaver, Inc. and Schneider Electric (Invensys) have been profile in this 126 pages research report available at http://www.reportsnreports.com/reports/401531-enterprise-asset-management-market-by-software-applications-linear-assets-non-linear-assets-field-service-management-assets-mro-by-services-by-organization-size-by-verticals-government-utilities-oil-gas-healthcare-and-others-global.html .
Explore more reports on IT & Telecommunication market at http://www.reportsnreports.com/market-research/information-technology/ .
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