Facility Management Market Research Emphasizes Role of Energy Management

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Facility Management Market- (By Offering (Solutions (Integrated Workplace Management System (IWMS), Building Information Modeling (BIM), Facility Environment Management, Facility Property Management, Facility Operations & Security Management), Services (Professional Services, Managed Services)), By Vertical (Banking, Financial Services, And Insurance (BFSI), IT & IETS, Government & Public Sector, Healthcare & Life Sciences, Education, Retail, Manufacturing, Telecom, Construction & Real Estate, Travel & Hospitality, Other Verticals)), Trends, Industry Competition Analysis, Revenue and Forecast To 2034."
According to the latest research by InsightAce Analytic, the Global Facility Management Market is valued at USD 52.96 Bn in 2024 , and it is expected to reach USD 170.04 Bn by the year 2034, with a CAGR of 12.5% during a forecast period of 2025-2034.
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Facility management (FM) encompasses the strategic integration of an organization’s physical infrastructure with its human resources and operational processes. This field includes a broad spectrum of services, ranging from equipment maintenance and space planning to long-term asset lifecycle management. Many organizations outsource FM functions to specialized service providers, enabling them to focus on core business objectives while ensuring that facilities are efficiently managed and daily operations are executed seamlessly.

FM service providers typically deliver a combination of hard services, such as building systems maintenance, soft services including janitorial and reception support, and energy management solutions. The rapid pace of urbanization and the modernization of commercial infrastructure have driven increased demand for professional, comprehensive FM solutions.