Facilities Management Market Research Reports Analysis and Trends
Facilities Management Current Trends
The global FM industry's market is expected to reach the value of $394.69 billion by the end of 2017, according to Global Industry Analysts, and they report that the current global recession throws a temporary dampener on growth patterns, the facilities management market is expected to recover poise with recovery in world economy, growing emphasis on modernization of office spaces, the continued trend towards outsourcing, and revival in construction and the real estate industries. The US is a mature facility services market. Anyway this sector is still taking advantage of cost-cutting programs. In order to reduce fixed costs more and more facility services like cleaning, catering or security are outsourced in times of crises. The share of total external facility services will increase from 48.4% in 2010 to 51% in 2014, and this is expected to lead to a market growth of external facility services of 4.2% per year from 2010 till 2014. In addition, the enhanced service levels are often considered pre-requisites for success in 2014, with differentiation increasingly elusive as standards in the industry continue to rise. Among Asia-Pacific countries, India woke up to facilities management services when companies started outsourcing their non-core activities to different vendors. Non-core services would refer to activities in the likes of cleaning, maintenance, housekeeping, electrical and plumbing and other multifarious issues. Biggies would generally outsource these activities to vendors as an initiative for cost cutting move.
Major Facilities Management Companies