Key Highlights
- The global facilities management market was valued at approximately $1.2 trillion in 2022
- The Asia-Pacific region is expected to grow at the highest CAGR of 6.8% from 2023 to 2030
- 65% of FM companies report increased demand for sustainable and green building management services
- The average facilities management contract length is between 3 to 5 years
- 78% of FM service providers expect automation and IoT to significantly impact operations over the next five years
- Facilities management accounts for approximately 35% of a building’s total operational costs
- 47% of companies have adopted CMMS (Computerized Maintenance Management System) solutions to optimize maintenance processes
- 29% of FM companies report that energy management is their top sustainability goal
The facilities management industry is experiencing a transformative surge, with a $1.2 trillion global market growth driven by a rising demand for sustainability, automation, and innovative technology, poised to reshape how buildings are managed worldwide.
Contract and Service Duration
- The average facilities management contract length is between 3 to 5 years
Contract and Service Duration Interpretation
Demand and Customer Preferences
- 65% of FM companies report increased demand for sustainable and green building management services
- 47% of companies have adopted CMMS (Computerized Maintenance Management System) solutions to optimize maintenance processes
- 29% of FM companies report that energy management is their top sustainability goal
Demand and Customer Preferences Interpretation
Market Growth and Size
- The global facilities management market was valued at approximately $1.2 trillion in 2022
- Facilities management accounts for approximately 35% of a building’s total operational costs
Market Growth and Size Interpretation
Regional Trends and Opportunities
- The Asia-Pacific region is expected to grow at the highest CAGR of 6.8% from 2023 to 2030
Regional Trends and Opportunities Interpretation
Technological Adoption and Automation
- 78% of FM service providers expect automation and IoT to significantly impact operations over the next five years
Technological Adoption and Automation Interpretation
Sources & References
- Reference 1IBISWORLDResearch Publication(2024)Visit source
- Reference 2FUTUREMARKETINSIGHTSResearch Publication(2024)Visit source
- Reference 3FMIINSIGHTSResearch Publication(2024)Visit source
- Reference 4SMARTCITIESWORLDResearch Publication(2024)Visit source
- Reference 5BENCHMARKINGResearch Publication(2024)Visit source
- Reference 6FACILITIESNETResearch Publication(2024)Visit source
- Reference 7ENERGYResearch Publication(2024)Visit source