Saudi Arabia integrated
facility management market is bound to experience impressive growth with
anticipated CAGR in the forecast period, 2023-2027, on the account of rising
urbanization and rapidly evolving advancements in the servicing facility
sector. Moreover, the demand for the standardization and simplification of
industrial facilities is surging in the recent years and thus supporting the
growth of the market in the upcoming five years. Integrated
facility management is an IT based financial management system that is used by
private firms, public firms, government authorities to start, monitor, and
manage the assets and finances of their organizations. The system modulates
their expenses and monitors their financial activities related to their
products, services, their assets, their solution protocols altogether. Growing
economical stature of the country, and rapidly increasing number of industries
and multiplying businesses is further aiding the growth of the Saudi Arabia
integrated facility management market.
The Saudi Arabia integrated
facility management market is segmented into type, service,
solution, end-user, organization size, competitional landscape, and regional
distribution. Based on type, the market is divided between hard service and
soft services. Soft services are anticipated to hold the larger shares of the
market in the next five years and dominate the market segment on the account of
increased demand for the various services rendering the asset management,
maintenance and monitoring process. Moreover, soft services from the multiple
market players are supporting the market growth too. Abundances of the market
player in the country and their rapidly increasing number is responsible for
the impressive growth of the Saudi Arabia integrated facility management market
in the upcoming five years.
A partial list of market
player in the Saudi Arabia integrated facility management market includes IBM Middle
East FZ-L.L.C. Saudi Arabia, Oracle Systems Limited - Saudi Arabia, SAP KSA
Software Trading Co.Ltd, Trimble Solutions Saudi Arabia, Jood Facility
Management, Al Borj Facility Management, MEEM Facility Management Co., Boualvard
Facilities Management LLC, Muheel Services For Maintenance Operations LLC, Facilities
Management (FMCO) Saudi Arabia, among others. These market players hold larger
shares of the market than the new market players. With the evolving technology,
it is appropriate to say that the effective research and development of the
technologically advanced instruments and methods to satisfy consumer demands
would support the market growth and benefit the market players as well as the
consumers. New market players may focus on the research and development to
provide such products and services that satisfies the consumer demand as well
as benefits the market players in building their brand value. Other competitive
strategies include mergers & acquisitions and new product developments.
Objective
of the Study:
- To analyze the historical
growth of the market size of Saudi Arabia integrated facility management market
from 2017 to 2020.
- To estimate and forecast the market size of Saudi
Arabia integrated facility management market from 2021 to 2027 and growth
rate until 2027.
- To classify and forecast Saudi Arabia integrated facility
management market based on type, service, solution, end-user, organization
size, competitional landscape, and regional distribution.
- To identify dominant region or segment in the Saudi
Arabia integrated facility management market.
- To identify drivers and challenges for Saudi
Arabia integrated facility management market.
- To examine competitive developments such as
expansions, new product launches, mergers & acquisitions, etc., in Saudi
Arabia integrated facility management market.
- To identify and analyze
the profile of leading players operating in Saudi Arabia integrated facility management market.
- To identify key sustainable strategies adopted
by market players in Saudi Arabia integrated facility management market.
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TechSci Research performed both primary
as well as exhaustive secondary research for this study. Initially, TechSci
Research sourced a list of manufacturers, suppliers, and service providers
across the country. Subsequently, TechSci Research conducted primary research
surveys with the identified companies. While interviewing, the respondents were
also enquired about their competitors. Through this technique, TechSci Research
could include the manufactures which could not be identified due to the
limitations of secondary research. TechSci Research analyzed the manufactures,
distribution channels and presence of all major players across the country.
TechSci Research calculated the market
size of Saudi Arabia integrated
facility management market
using a bottom-up approach, wherein data for various end-user segments was
recorded and forecast for the future years. TechSci Research sourced these
values from the industry experts and company representatives and externally
validated through analyzing historical data of these product types and
applications for getting an appropriate, overall market size. Various secondary
sources such as company websites, news articles, press releases, company annual
reports, investor presentations and financial reports were also studied by
TechSci Research.
Key
Target Audience:
- Integrated facility management manufacturers, end users,
and other stakeholders
- Distributers and suppliers of the products and other
stakeholders
- Organizations, forums, and alliances related to integrated
facility management
- Market research and consulting firms
The study is useful in providing answers
to several critical questions that are important for the industry stakeholders
such as manufacturers, suppliers, end users, etc., besides allowing them in
strategizing investments and capitalizing on market opportunities.
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Attribute
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Details
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Base Year
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2021
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Historical Data
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2017 – 2020
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Estimated Year
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2022
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Forecast Period
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2023 – 2027
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Quantitative Units
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Revenue in USD Million and CAGR for 2017-2021 and 2022-2027
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Report coverage
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Revenue forecast, company share, competitive landscape, growth
factors, and trends
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Segments covered
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·
Type
·
Services
·
Solution
·
End User
·
Organization Size
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Regional scope
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Western Region, Northern and Central Region, Eastern Region,
Southern Region
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Key companies profiled
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IBM Middle East FZ-L.L.C. Saudi Arabia, Oracle Systems Limited
- Saudi Arabia, SAP KSA Software Trading Co.Ltd, Trimble Solutions Saudi
Arabia, Jood Facility Management, Al Borj Facility Management, MEEM Facility
Management Co., Boualvard Facilities Management LLC, Muheel Services For
Maintenance Operations LLC, Facilities Management (FMCO) Saudi Arabia.
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Customization scope
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10% free report customization with purchase. Addition or
alteration to country, regional & segment scope.
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Pricing and purchase options
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Avail customized purchase options to meet your exact research
needs. Explore purchase
options
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Delivery Format
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PDF and Excel through Email
(We can also provide the editable version of the report in PPT/Word format on
special request)
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Report Scope:
In this report, Saudi Arabia integrated facility
management market has
been segmented into following categories, in addition to the industry trends
which have also been detailed below:
- Saudi Arabia Integrated facility
management Market, By Type:
o Hard Service
o Soft Service
- Saudi Arabia Integrated facility
management Market, By Service:
- Building and Property Management
- Cleaning and Hygiene
- Security and Staffing
- IT Support
- Others
- Saudi Arabia Integrated facility
management Market, By Solution:
- Asset & Space Management
- Project Management & Real
Estate
- Portfolio Management & Lease
Administration
- Energy & Environment
Sustainability Management
- Maintenance Management
- Others
- Saudi Arabia Integrated facility
management Market, By End User:
- BFSI
- Utilities
- Aerospace & Defense
- Telecommunication
- Manufacturing
- Supply Chain & Logistics
- Real Estate & Infrastructure
- Healthcare
- Retail
- Energy & Resources
- Others
- Saudi Arabia Integrated facility
management Market, By Organization Size:
- Small Enterprises
- Medium Enterprises
- Large Enterprises
- Saudi Arabia Integrated facility
management Market, By Region:
- Northern & Central
- Southern
- Eastern
- Western
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in Saudi Arabia integrated facility
management market.
Available Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to
five).
Saudi Arabia Integrated facility
management Market is an upcoming report to be released soon. If you wish an
early delivery of this report or want to confirm the date of release, please
contact us at [email protected]