Global Integrated Facility Management Market to Cross $ 127 Billion by 2024
Growing construction sector
and technological advancements to drive global integrated facility management
market through 2024.
According
to TechSci Research report, “Global
Integrated Facility Management Market By Type, By Resource Type, By
Solution, By Deployment Type, By End-User, By Region, Competition, Forecast
& Opportunities, 2024”, integrated facility management market,
globally, is projected to surpass $ 127 billion by 2024, on account of growing IoT
adoption and increasing demand for connected devices for building automation
across various industry verticals. Some of the other key factors that would
have a positive impact on global integrated facility management market are
growing presence of many enterprises, rising development of sustainable
infrastructure, and changing organizational structure & work management.
Browse 210 market data Figures and Tables spread
through 110 Pages and an in-depth TOC on "Global Integrated Facility
Management Market"
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By deployment mode, the integrated facility management
market has been categorized into on-premises and cloud. Of these segments, cloud
category is expected to grow at the fastest rate during forecast period, owing
to increasing cloud storage capacity and advancements in the field of cloud
computing technology. In coming years, Asia-Pacific integrated facility
management market is anticipated to register the fastest growth, on account of
increasing construction activities and booming end-user sectors in the region.
The market for integrated facility management in the Asia-Pacific region is
also gaining impetus due to growing outsourcing culture and acceptance of
higher-value integrated facility management proposition among MNCs and large
corporations. Japan, India and China are the leading markets for facility
management in the Asia-Pacific region.
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“Rising
number of commercial and residential buildings in major cities is expected to
push global integrated facility management market. Demand for reduced
operational costs and increasing adoption of outsourced services by industrial
applications is driving facility management market worldwide. Smart City initiative
in several developed and developing nations coupled with booming IT sector is
likely to positively influence global integrated facility management market over
the course of next five years.”, said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
“Global Integrated
Facility Management Market By Type, By Resource Type, By Solution, By
Deployment Type, By End-User, By Region, Competition, Forecast &
Opportunities, 2024” has evaluated the future growth potential of global integrated
facility management market and provides statistics and information on market
size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges and opportunities in global integrated
facility management market.
About TechSci Research
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