(PRWEB) June 01, 2014
The report "Facility Management Market by Solutions (CAFM, IWMS, CMMS, BIM, IWMS) & Services - Worldwide Market Forecasts and Analysis (2014-2019)", defines and segments the Facility Management Market into various segments and provides an in-depth analysis and forecasting of revenues. This research report helps to identify the factors driving this market, various restraints, challenges and opportunities impacting it along with the future roadmaps.
Browse 67 market data tables and 39 figures spread through 155 Pages and in-depth TOC on "Facility Management Market"
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MarketsandMarkets expects the Facility Management Market to grow from $24.65 billion in 2014 to $43.69 billion by 2019. This represents a Compound Annual Growth Rate (CAGR) of 12.1% from 2014 to 2019. MarketsandMarkets expects North America to hold the largest market for this market, in terms of geographical regions and over the next five years, it is expected to continue this pace but Asia Pacific and Middle-East and Africa would be the regions with higher growth rates.
The IT based facility management solutions are classified by several industry players and SMEs. These solutions are being classified as Integrated Workplace Management Systems (IWMS), Computer Aided Facility Management (CAFM) solutions, Computerized Maintenance Management Systems (CMMS), Building Information Model (BIM), Enterprise Asset Management, Facility Management Information Systems (FMIS), Computer Integrated Facility Management (CIFM) and Integrated Project Delivery (IPD) Solutions.
MarketsandMarkets broadly segments the Facility Management Market in this report by solutions: Asset Management and Space Management, Capital Project Management, Real Estate Portfolio Management and Lease Administration, Energy Management and Environment Sustainability Management, Maintenance Management, and Others; by services: Design & Integration, Deployment & Maintenance, Consulting, and Managed Services; and by Verticals: Banking, Financial Services, and Insurance (BFSI), Public Sector, Utilities, Aerospace & Defense, Telecommunication & ITES, Manufacturing/supply chain/logistics, Real Estate/Infrastructure, Healthcare, Retail, and Others; and by regions: North America (NA), Europe (EU), Asia Pacific (APAC), Middle East and Africa (MEA) and Latin America (LA).
In terms of geographic regions, North America is the largest revenue generating region across the globe. The primary factor responsible for this high contribution is the developed economies in this region. U.S. is the largest contributor in this region. Since manufacturing and service industries in the region are mature as compared to other regions, the infrastructural development growth is also high which leads to higher demand for IT based facility management solutions. That is why the adoption was observed at an early stage in NA and the investments are also heavier than any other region. Having high economic growths, countries in this region have big budgets for IT spending. All these factors lead this region to be the highest revenue generating region.
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