New York, Sept. 14, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the publication of the “Integrated Facility Management Global Market Report 2022” – https://www.reportlinker.com/p06319480/?utm_source=GNW
The global integrated facilities management market is expected to grow from $87.86 billion in 2021 to $94.18 billion in 2022 at a compound annual growth rate (CAGR) of 7.20%. The integrated facilities management market is expected to reach $119.55 billion in 2026 at a compound annual growth rate (CAGR) of 6.15%.
The Integrated Facilities Management market includes integrated facilities management sales by entities (organizations, individual merchants and partnerships) which refers to the integration of all facilities management activities under a single system and unified team. . Facilities management includes tools and services to support the operation, security and sustainability of buildings, landscapes, infrastructure and real estate.
Integrated Facilities Management (IFM) improves operational efficiency, generates savings, and leverages program data across an enterprise to better achieve business goals. Contracts, supplier partnerships, space management and real estate planning are part of integrated facilities management.
Major types of integrated facility management solutions include project management and real estate portfolio management and lease administration, asset and space management, maintenance management, property sustainability management energy and environment, etc. They are deployed on-premises or in the cloud in industries ranging from real estate and infrastructure, healthcare, bfsi, telecommunications, manufacturing, aerospace and defense, supply chain and logistics, utilities, retail, energy and resources, etc.
North America was the largest region in the integrated facility management market in 2021. Asia-Pacific is expected to be the fastest growing region during the forecast period.
Regions covered in the Integrated Facility Management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle- East and Africa.
The Integrated Facilities Management Market research report is part of a series of new reports that provide statistics on the Integrated Facilities Management market, including the global market size of the management industry Integrated Facilities Management, regional shares, competitors with Integrated Facilities Management market share, detailed segments of the Integrated Facilities Management market. , market trends and opportunities, and any other data you may need to thrive in the Integrated Facility Management industry. This Integrated Facilities Management Market research report provides a comprehensive perspective of everything you need, with an in-depth analysis of current and future industry scenarios.
The increasing development of sustainable infrastructure is driving the growth of the integrated facility management (IFM) market. Sustainable infrastructure development is increasing due to the need to enable economic and social development, as well as environmental sustainability while maintaining human equity, variety, and performance of the natural system.
The growing development of sustainable infrastructure will drive the demand for integrated facility management as it provides solutions for responsible contact with the environment to minimize resource depletion or deterioration and ensure the long-term environmental quality of facilities. infrastructure. Integrated Facility Management follows a unique process for making structural, architectural and operational changes to buildings to reduce the negative impact on their occupants and the environment.
For example, according to The New Climate Economy, a flagship project of the World Commission on the Economy and Climate, the world should invest $90 trillion in sustainable infrastructure by 2030. These investments are key to driving growth. economy in emerging markets and developing countries in addition to combating climate change.
Additionally, the Organization for Economic Co-operation and Development (OCED) predicts that an average annual investment of $6.9 trillion in sustainable infrastructure is needed through 2030 for global development. Both examples point to the increased development of sustainable infrastructure globally. Hence, the growing development of sustainable infrastructure will propel the growth of the integrated facility management market.
Technological advancement is a key trend gaining popularity in the integrated facility management market. Technological advances such as artificial intelligence (AI) are implemented in integrated facility management solutions to enable optimal space management.
AI-based technologies use computer systems to perform complex activities once performed by humans through their functionalities such as speech recognition, visual perception, and decision making. These tools can collect, store and analyze large sets of data in seconds, allowing facility managers to be more proactive in managing asset performance and send an automatic update if something goes wrong.
These tools replace many monotonous and time-consuming facility management tasks. The major players are focusing on offering AI-based integrated facility management solutions to strengthen their market position.
For example, in January 2020, the American multinational technology company IBM integrated artificial intelligence (AI) into its TRIRIGA solution to help real estate and facilities management professionals make better use of office space and offer a more attractive working environment. One of the best integrated workplace management systems in the world, TRIRIGA, includes TRIRIGA Building Insights, as well as WIFI and/or IoT sensor occupancy data with freshly integrated AI. It helps businesses and facility managers better understand how they can use space more efficiently in their businesses.
In December 2019, FM:Systems Group, LLC, a North Carolina-based facility and workspace management solutions provider, acquired the Asure Workplace Management product portfolio for an undisclosed amount. This acquisition is expected to strengthen FM:Systems’ workspace management portfolio and strengthen its market position worldwide.
Asure Software is an American provider of workspace management software and solutions.
The countries covered in the Integrated Facility Management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea South, the United Kingdom and the United States.
Read the full report: https://www.reportlinker.com/p06319480/?utm_source=GNW
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