Skip to main content

Soft Services Facilities Management Market to Hit USD 635.13 billion by 2026; Growing Emphasis on Energy Efficiency in Urban Spaces to Boost the Market: Fortune Business Insights™

Written by Customer Service on . Posted in Mergers And Acquisitions.

Pune, April 17, 2020 (GLOBE NEWSWIRE) — The global soft services facilities management market size is projected to touch USD 635.13 billion by 2026, exhibiting a CAGR of 5.2% during the forecast period. Rising government-backed investments in building smart cities will play a crucial role in the growth of this market, according to the Fortune Business Insights™ report, titled “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 idea behind developing smart cities is to efficiently manage and conserve energy as well as promote use of clean and renewable energy sources. The UN Habitat estimates that urban areas are responsible for around 55% of the global greenhouse gas (GHG) emissions. The Energy and Resources Institute (TERI) opines that smart cities will emerge as clusters of smart energy management, providing a viable cure for this situation. In this context, the market for soft services stands to benefit as these services can further augment efficient energy usage in urban agglomerations, driving the soft services facilities management market trends as a result.As per the report, the value of this market stood at USD 425.53 billion in 2018. Additionally, the report provides answers to the following questions:Which factors are driving and restraining the market?Which regions are expected as the most lucrative for the market?Who are the key market players and what are their most preferred strategies?How are the current industry trends influencing the market?How has the market been segmented and how are the segments, individually and collectively, shaping the growth of the market?Fusion of Intelligent Technologies and Existing Systems to Elevate Market PotentialSmart 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 DevelopmentWith 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.Portfolio Expansion to be the Key Focus Area for Market PlayersThe soft services facilities management market analysis suggests that major players in this market are investing all their energy in diversifying their portfolio of services. To that end, these players are investing in other companies, acquiring smaller players, and enhancing their R&D capacity.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 Companies Covered in the Soft Services Facilities Management Market Report:AMEC FacilitiesTenon GroupJones Lang LaSalle IncorporatedCompass GroupCBRE Group Inc.Johnson Controls International plc.Cushman & Wakefield plc.AramarkISS A/SSodexoIntroductionDefinition, By SegmentResearch ApproachSourcesExecutive SummaryMarket DynamicsDrivers, Restraints and OpportunitiesEmerging TrendsKey InsightsMacro and Micro Economic IndicatorsConsolidated SWOT Analysis of Key PlayersPorter’s Five Force AnalysisGlobal Soft Services Facilities Management Market Analysis, Insights and Forecast, 2015-2026Key Findings / SummaryMarket Sizing Estimations and Forecasts – By Service Type (Value)In-houseOutsourcingMarket Sizing Estimations and Forecasts – By Industry Vertical (Value)HealthcareGovernmentEducationMilitary & DefenseReal EstateOthers (IT & telecommunication, BFSI, etc.)Market Analysis, Insights and Forecast – By Region (Value)North AmericaEuropeAsia PacificMiddle East & AfricaLatin AmericaTOC Continued..!!!
Facility Management Market Size, Share & Industry Analysis, By Service Type (Hard Services, Soft Services, and Others Services), By Industry (Healthcare, Government, Education, Military & Defense, Real Estate and Others) and Regional Forecast, 2019-2026Hard Services Facility Management Market Size, Share & Industry Analysis, By Service Type (Outsourced and In-house), By Industry Vertical (Healthcare, Government, Education, Military & Defense, Real Estate and Others) and Regional Forecast, 2019-2026Robotic Process Automation (RPA) Market Size, Share & Industry Analysis, By Deployment (On-premise, Cloud), By Application (Administration and Reporting, Customer Support, Data Migration & Capture Extraction, Analytics, and Others), By Operation (Rule-based, Knowledge-based), By Industry (Retail, Manufacturing and Logistics Industry, BFSI, Healthcare, IT and Telecom, Hospitality, and Others), and Regional Forecast, 2019-2026Robotic Vacuum Cleaners Market Size, Share and Industry Analysis By Type (Floor Vacuum Cleaner, Window Vacuum Cleaner, Pool Vacuum Cleaner), By Application (Household and Commercial), By Operation Mode (Self-Drive & Remote Control), By Distribution Channel (Online & Offline), By Price (Below US$ 150, US$ 150 – 300, US$ 300 – 500, Above US$ 500) and Regional Forecast, 2019 – 2026
About Us:Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in. Contact Us:
 Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune – 411045, Maharashtra, India.
Phone:
 US: +1-424-253-0390
UK: +44-2071-939123
APAC: +91-744-740-1245
Email: sales@fortunebusinessinsights.com
Fortune Business Insights™
LinkedIn | Twitter | Blogs

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.