Facility Management Market

Facility Management Market Size by Type (In-House and Outsourced), Service (Soft and Hard), End-use (Healthcare, Government, IT and Telecommunication, BFSI, Education, Travel and Hospitality, Retail, Military and Defense and Others), Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2023 to 2032

Base Year: 2022 Historical Data: 2019-21
  • Report ID: TBI-13983
  • Published Date: Jan, 2024
  • Pages: 237
  • Category: Information Technology & Semiconductors
  • Format: PDF
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The global facility management market was valued at USD 56.92 Billion in 2022 and grew at a CAGR of 15.69% from 2023 to 2032. The market is expected to reach USD 244.46 Billion by 2032. The growth of the facility management market can be attributed to the rising demand in different applications such as healthcare, government, BFSI, education, etc. Further, the increasing focus on improving infrastructure efficiency and streamlining the production processes has played a pivotal role in the market growth.

Market Introduction:

The instruments and services that maintain the sustainability, safety, and usability of landscapes, structures, real estate and infrastructure are collectively referred to as facilities management. The usage of facilities management varies based on the industry and size of the organization. A professional management discipline, facilities management is centred on the effective and efficient provision of logistics and other building and real estate-related support services. The main goal of facility management is to streamline processes and increase output by helping with all the labour-intensive everyday duties required for a business or individual to run smoothly. In addition, a facilities management service provider manages the leasing, building, occupancy, maintenance, and furniture space and accounts for infrastructure and workspace.

Facility Management Market Size

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Market Dynamics:


Used across different industries: The benefits of workplace and facilities management solutions have been felt by many industries. The need for facility management solutions increases with the industry's growth. Critical project completion, network upgrades, site management, and the upkeep of IT and telecom assets depend heavily on these solutions. Facilities managers in more contemporary factories must add robotics and AI-powered technologies to their to-do list. Banks and other financial organizations manage various portfolios of investments, real estate, and other assets and run multiple offices in various places. Construction companies and real estate agencies use various facility management platforms, such as computer-aided facility management, IWMS, and real estate asset management. Given the benefits that facility management systems offer to the many sectors, an increasing number of industries will use them in the future.


Loss of control: Outsourcing the facility management programme entails giving up some control over certain operations, even though it can relieve numerous burdens. Allowing the facility management organization to manage all or a portion of the program can lead to a loss of control over the business. This acts as a restraint for the facility management market.


Increasing investment in smart city initiatives: A smart city is a platform for connecting, protecting, and improving city residents' lives by leveraging emerging technology's capabilities. As the world's population grows more urbanized, cities' ability to manage resource restrictions and achieve economic and environmental success will be crucial. Governments around the nation are changing as a result of smart city projects. Smart city programmes aim to improve the quality of life in metropolitan areas by drastically improving the administration of resources, city services, and assets through cutting-edge technology and massive volumes of data. To achieve economic, social, and environmental sustainability, smart facilities management, which provides creative solutions, integrates the built environment, the people, and the city's operations.

Regional segmentation analysis:

The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. North America emerged as the most significant Facility Management market, with a 38.77% market revenue share in 2022.

North America region will account for the largest market share with revenue growth. The region has a high demand for facility management across different industries such as retail, IT and telecom, media and entertainment, government, etc. Further, large organizations and SMEs are investing in research and development practices to increase the efficiency of their operations. Investment in the real estate industry regarding the advancement of facility management in countries like the U.S. and Canada is another factor fueling the market's growth.

North America region Facility Management Market Share in 2022 - 38.77%



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Type Segment Analysis

The type segment is divided into in-house and outsourced. The outsourced segment dominated the market, with a share of around 67.92% in 2022. When facilities management is outsourced, operation management and decision-making control are transferred to an external entity. As outsourcing increases efficiency, it can result in cost savings. It can also lower the price of hiring, training, and moving employees.

Service Segment Analysis

The application segment is divided into soft and hard. The hard segment dominated the market, with a share of around 59.11% in 2022. Hard services, in contrast to soft services, are directly tied to the structure of the building and cannot be withdrawn from its premises. Most of these services are mandated by law and guarantee employees' safety, health, and welfare.

End-use Segment Analysis

The end-use segment is divided into healthcare, government, IT and telecommunication, BFSI, education, travel and hospitality, retail, military and defense and others. The healthcare segment dominated the market, with a share of around 29.05% in 2022. The upkeep and supervision of a healthcare facility's construction, security, and operations is known as healthcare facility management. This covers every facet of facility maintenance and applies to any structure that offers healthcare services, such as hospitals, long-term care facilities, clinics, and surgery centres.

Some of the Key Market Players:
  • Trimble Inc.
  • IBM Corporation
  • Oracle Corporation
  • Sap Se
  • FM System Inc.
  • Accruent LLC
  • Ioffice Corporation
  • Planon Corporation
  • Archibus Inc.
  • Ca Technologies Inc.

Report Description: 

Attribute Description
Market Size Revenue (USD Billion)
Market size value in 2022 USD 56.92 Billion
Market size value in 2032 USD 244.46 Billion
CAGR (2023 to 2032) 15.69%
Historical data 2019-2021
Base Year 2022
Forecast 2023-2032
Region The regions analyzed for the market are Asia Pacific, Europe, South America, North America, and Middle East & Africa. Furthermore, the regions are further analyzed at the country level.
Segments Type, Application and End-use

Frequesntly Asked Questions

As per The Brainy Insights, the size of the facility management market was valued 56.92 Billion in 2022 to USD 244.46 Billion by 2032.

Global facility management market is growing at a CAGR of 15.69% during the forecast period 2023-2032.

North America region emerged as the largest market for the facility management.

The market's growth will be influenced by the growing usage of facility management services across industries.

The loss of control can hamper the market growth.

The increasing smart city initiatives by government agencies are providing huge opportunities to the market.

Key players are Trimble Inc., IBM Corporation, Oracle Corporation, Sap Se, FM System Inc., Accruent LLC, Ioffice Corporation, Planon Corporation, Archibus, Inc., Ca Technologies Inc. among others.

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This study forecasts revenue at global, regional, and country levels from 2019 to 2032. The Brainy Insights has segmented the global facility management market based on below mentioned segments:

Global Facility Management Market by Type:

  • In-House
  • Outsourced

Global Facility Management Market by Service:

  • Soft
  • Hard

Global Facility Management Market by End-use:

  • Healthcare
  • Government
  • IT and Telecommunication
  • BFSI
  • Education
  • Travel and Hospitality
  • Retail
  • Military and Defense
  • Others

Global Facility Management Market by Region:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • Asia-Pacific
    • Japan
    • China
    • India
  • South America
    • Brazil
  • Middle East and Africa  
    • UAE
    • South Africa


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