Integrated Facility Management (IFM) Market 2021-2031
Demand for integrated facility management (IFM) is expected to close in on US$ 730 Bn in 2021. As per Persistence Market Research analysis, the market will register steady growth at 4.2% CAGR from 2021 to 2031.
According to the International Facility Management Association (IFMA), facility managers, must, in their capacity, “ensure functionality, comfort, safety, and efficiency of the built environment by integrating people, place, process, and technology.”
Advanced organizations are getting advisory and transaction services, facilities management, and project services under one supplier, and while offering a single point of control. For large corporations, integrated facility management is a proven way for the streamlining of operations and efficient management of tasks.
Companies such as Wipro are providing IFM solutions combining the organization’s functions and facility services into a single platform. This helps in streamlining the communication between business leaders and facility managers, further aiding in increasing the efficiency of buildings and simplifying everyday operations.
Companies are also entering into partnerships with facility managers and operators in order to identify new opportunities, reimagine their businesses, create a digital roadmap, and integrate people, process, and technology.
In evaluation with managing every independent stakeholder and every task numerous times, integrated facility management offers increased visibility leading to quicker responses to requests, effective management of teams, reduction of operation costs, and less downtime for employees. Hence, there has been a rise in demand for IFM solutions and services across different industry verticals.
Key Players:
The report has profiled some of the Important players prevalent in the global like – CBRE, Compass Group, ISS, JLL, Sodexo, Broadcom, IBM Corporation, Oracle Corporation, Accruent, MRI Software, LLC and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Integrated Facility Management (IFM).
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Key Takeaways from Market Study
- North America was the leading market in 2020 in terms of value for IFM. Over the coming years, South Asia and Pacific is expected to be a key market for sustainable revenue.
- Large enterprises are expected to offer higher incremental opportunity during the forecast period.
- There has been a rise in demand for IFM owing to increasing popularity of smart buildings and cloud-based solutions.
- With growing popularity of IFM services, countries in Asia Pacific such as India, China, and Japan are expected to witness potential growth opportunities.
- The market in the U.S. is projected to expand at a CAGR of 4.2% through 2031, and is expected to continue its dominance over the coming years.
- The market in China and India is expected to progress at impressive CAGR of 4.8% and 5.3%, respectively, through 2031.
“Growing popularity of smart buildings is anticipated to drive demand for IFM in mature markets,” says a Persistence Market Research analyst.
Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Arabia, South Africa etc.)
Key Stakeholders
Integrated Facility Management (IFM) Market Manufacturers
Integrated Facility Management (IFM) Market Distributors/Traders/Wholesalers
Integrated Facility Management (IFM) Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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Major Highlights of the Integrated Facility Management (IFM) Market Report:
- The Integrated Facility Management (IFM) Market analysis report offers an in-depth study of the potential market growth opportunities and challenges.
- The report dives deeper into the market and explains the dynamic factors bolstering market growth.
- The report deeply assesses the current, historical market size, market share, and revenue growth rates to offer accurate market projections for the forecast period.
- The report analyzes the Integrated Facility Management (IFM) Market presence across major regions of the world.
- It determines the production & consumption capacities and demand & supply dynamics of each regional market.
- The report further illustrates the intense competition among the key market players and highlights their effective business expansion plans and strategies.
- It provides company overview and SWOT analysis of each of the market players.
Key Questions Answered in This Report.
- What will the Market growth rate in Future?
- What are the key factors driving the global Market?
- Who are the key manufacturers in Market space?
- What are the opportunities and threats faced by the vendors in the global industry?
- What are sales, revenue, and price analysis by regions of industry?
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