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The Global Facility Management Market size is expected to reach $79.0 billion by 2023, rising at a market growth of 15% CAGR during the forecast period. The International Facility Management Association (IFMA) defines facility management as the practice that coordinates physical workplace with the people and work of the organization encompassing various forms of activities such as equipment maintenance, space planning, and portfolio forecasting. The growth of the facility management market is driven due to rapid growth in the adoption of cloud-based solutions, change in organization structure & work force management, and introduction of novel solutions by the key players.
Based on Types, the market report segments the Facility Management Market into Solution and Services Based on Organization Sizes, the Global Facility Management market segments the market into Small & Medium Enterprises and Large Enterprises. Solutions type is further segmented into Asset Management, Workplace & Relocation Management, Strategic Planning Management, Real Estate & Lease Management, Maintenance Management, and Others. Based on Deployment Types, the market report segments the market into Cloud and On-Premise. Based on Verticals, the market report segments the Facility Management Market into BFSI, Government, Healthcare, Manufacturing, Retail, Telecom & IT, Real Estate, and others. Based on Regions, the Global Facility Management market segments the market into North America, Europe, Asia Pacific, Latin America Middle East and Africa.The Facility Management Market Analysis report covers the competition analysis of key stake holders of the Global Facility Management Market. Key companies profiled in the report include Archibus, Inc., Accruent, LLC, CA Technologies, Inc., iOffice Corporation, FM Systems, Inc., IBM Corporation, Planon Corporation, Oracle Corporation, SAP SE, and Trimble, Inc.
Europe Facility Management Market
LAMEA Facility Management Market