Soft Services Facility Management Market to See High Growth in Upcoming Year by 2028

Posted on May 10 2022 7:42 AM

"Soft Services Facilities Management Market Size, Share & Industry Analysis, By Service Type (In-house and Outsourcing), By Industry Vertical (Healthcare, Government, Education, Military & Defense, Real Estate and Others) and Regional Forecast, 2019-2026 "

The Global “Soft Services Facility Management Industry Share “is expected to grow steadily in the coming years. The report illustrated latest insights into market drivers, restraints, risks and opportunities in the global market. The Soft Services Facility Management Market report shows the credible direction of the market in the coming years along with its estimates. A precise study aims to understand the market price. By analyzing the competitive landscape, the authors of the report have made excellent efforts to help the readers understand the key business strategies that large companies employ to maintain market stability.

The global hard services facility management market size stood at valued at USD 584.55 billion in 2018 and is projected to reach USD 815.50 billion by 2026 exhibiting a CAGR of 4.2% during the forecast period

The report focuses on the Soft Services Facility Management Market size, segment size (mainly covering product type, application, and geography), competitor landscape, recent status, and development trends. Furthermore, the report provides detailed cost analysis, supply chain. Technological innovation and advancement will further optimize the performance of the product, making it more widely used in downstream applications. Moreover, Consumer behavior analysis and market dynamics (drivers, restraints, opportunities) provides crucial information for knowing the .

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Highlights of the Report:

While making the Soft Services Facility Management Market Analysis report, we segmented the market on the basis of product, type, consumption, distribution channel, and region. Based on the segmentation, we made a list of companies and conducted a detailed analysis of their financial positions, product portfolios, and growth strategies. Our next step included the study of core competencies of key players and their market share to anticipate the degree of competition. The bottom-up procedure was conducted to arrive at the overall size of the market.

Industry Developments:

  • October 2019: Lincolnshire Management, a private equity firm based in New York, announced its investment in the Dutch firm Powerhouse and two other closely associated companies. The intention of Lincolnshire is to build a leading national company that will provide remodel, refresh, and facilities management services to blue chip companies across the US.
  • December 2017: With a view entrench its position in the US, the Paris-based ATALIAN Group’s New York-based facility management company ATALIAN Global Services acquired the Suburban Integrated Facilities Resources, a company based in Massachusetts. This acquisition will expand ATALIAN’s soft services portfolio and broaden its business horizons in the US.

List of Key Companies Operating in Soft Services Facility Management Market Include:

  • AMEC Facilities
  • Tenon Group
  • Jones Lang LaSalle Incorporated
  • Compass Group
  • CBRE Group Inc.
  • Johnson Controls International plc.
  • Cushman & Wakefield plc.
  • Aramark
  • ISS A/S
  • Sodexo

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Fusion of Intelligent Technologies and Existing Systems to Elevate Market Potential

Smart and sustainable technologies such as the Internet of Things (IoT) have opened new avenues for businesses to enhance their efficiency and productivity as well as lower operational costs. Office spaces, for example, can install sensors to monitor room temperature, noise level, and carbon dioxide concentration to better regulate power consumption and take measures to improve air quality. Furthermore, integration of modern automation technologies in existing system can turn out to be a beneficial long-term investment. For example, procurement procedures can be automated and optimized, reducing additional expenditure on labor and ensuring high rate of return on investment. Thus, with businesses growing more complex and workplaces expanding in size, the demand for soft services management is likely to rise substantially in the forthcoming period.

Asia-Pacific to Lead the Pack Backed by Speedy Infrastructure Development

With a market size of USD 128.20 billion in 2018, Asia-Pacific is perfectly poised to dominate the soft services facilities management market share in the upcoming years. The primary factor propelling the market growth in this region is the rapid development in infrastructure, which has laid the foundation for the growth of various industry verticals in the region.

In the Middle East & Africa and Latin America regions, the market will be mainly driven by the heavy investments made by governments in these regions in commercial infrastructure projects. In North America and Europe, the market growth will remain stable owing to extensive outsourcing operations by businesses along with strong presence of global service providers in these continents.

Market Segment Analysis -

  • Market Sizing Estimations and Forecasts – By Service Type (Value)
    • In-house
    • Outsourcing
  • Market Sizing Estimations and Forecasts – By Industry Vertical (Value)
    • Healthcare
    • Government
    • Education
    • Military & Defense
    • Real Estate
    • Others (IT & telecommunication, BFSI, etc.)
  • Market Analysis, Insights and Forecast – By Region (Value)
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • Latin America

Impact of COVID-19 Pandemic on Soft Services Facility Management Market

According to latest report from the World Health Organization (WHO), the US, Spain, Italy, France, Germany, the UK, Russia, Turkey, Brazil, Iran, and China are among the worst affected countries due to COVID-19 outbreak. The crisis is hindering the industries worldwide and the global economy is also witnessing a downturn. Due to lockdown, the production volume is decreasing for many sectors. Thus, decline in the operations of industries is restraining the development.

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  • Robust research methodology
  • Comprehensive reports
  • Latest technological developments
  • Value chain analysis
  • Growth dynamics
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  • Regular report updates

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