Integrated Facility Management (IFM) Market 2022-2031
New Study Reports “Integrated Facility Management (IFM) Market 2022, Global Segmentation, Demand, Growth, Trend, Opportunity Forecasts 2031” has been Added on PMR.
Report Overview
The report published on the Integrated Facility Management (IFM) Market is a comprehensive analysis that includes the key parameters and indicators critical in understanding the market. The data from the years 2022 to 2031 has been used to present the market status and size. The study also covers the overall market valuation along with the CAGR for the forecast period. The introductory chapter presents an overview of the Integrated Facility Management (IFM) Market along with the product definition and market scope. The report also analyzes consumer trends regarding the products along with the industry development trends.
Demand for integrated facility management (IFM) is expected to close in on US$ 730 Bn in 2022. As per Persistence Market Research analysis, the market will register steady growth at 4.2% CAGR from 2022 to 2031.
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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).
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.
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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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Integrated Facility Management (IFM) Market – Report Highlights
- A detailed overview of parent market of Integrated Facility Management (IFM) Market
- Changing Integrated Facility Management (IFM) Market dynamics in the industry
- In-depth segmentation of the Integrated Facility Management (IFM) Market
- Historical, current, and projected Integrated Facility Management (IFM) Market size regarding volume and value
- Recent industry trends and developments in Integrated Facility Management (IFM) Market
- Competitive landscape of the Integrated Facility Management (IFM) Market
- Strategies for key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on Integrated Facility Management (IFM) Market performance
- Must-have information for Integrated Facility Management (IFM) Market players to sustain and enhance their market footprint
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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