Press Release

Cleaning Services to Continue Dominating US Facility Management Market through 2024

Increasing outsourcing of facility management services by organized players, rising investments in commercial buildings and related technologies along with growing demand for commercial space to drive US facility management market through 2024

According to a recently published TechSci Research report United States Facility Management Market By Service, By Application, By Spending Pattern, Competition, Forecast & Opportunities, 2014-2024’’, United States facility management market is projected to cross $ 465 billion by 2024 on account of growing influence of foreign players in the real estate market in the United States, increasing demand for sustainable facility solutions by utilizing optimum allocation of workforce, rising focus of the government on US service sector and surging demand for sustainable and energy efficient green building solutions. Moreover, facility management service providers are outsourcing services which allows the players to achieve strategic advantage along with rising demand for commercial space are further expected to positively influence United States facility management market during forecast period. Compass Group PLC and Sodexo, Inc. are the leaders in United States facility management market followed by EMCOR Group, Inc., Cushman & Wakefield, etc. As of 2018, there are more than 600 organized players providing facility management services in the United States.

Browse 7 market data Tables and 39 Figures spread through 95 Pages and an in-depth TOC on "US Facility Management Market"

Among services, cleaning services account for the major share in United States facility management market, owing to the presence of huge commercial sector and large number of high rise buildings in the country. All three sectors, i.e., residential, commercial and industrial require cleaning services. South region is the major demand generator for facility management in the country, on account of high population along with the large number of commercial, industrial and residential buildings in the region.

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“Factors like growing demand for cyber & information security management, increasing usage of integrated softwares to collect real time data, surging demand for integrated services and rising focus on digital transformation of services are fuelling growth of United States facility management market. Moreover, rising inclination towards sustainable, energy efficient and effective waste management would further steer growth in the market over the coming years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

 United States Facility Management Market By Service, By Application, By Spending Pattern, Competition, Forecast & Opportunities, 2014-2024” has evaluated the future growth potential of US 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 decision. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in US facility management market.

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TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.


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