The global facility management market reached a value of US$ 70.6 Billion in 2023. As per the analysis by IMARC Group, the leading companies in the facility management market are engaged in mergers and acquisitions (M&A), expansions, joint ventures, and partnerships to gain a competitive edge. As a result, they are integrating advanced technologies, such as artificial intelligence (AI), machine learning (ML), cloud computing, internet of things (IoT), and predictive analytics, in facility management for analyzing a large volume of data to identify patterns and predict maintenance issues. These advanced technologies also enable facility managers to access and manage data and applications from anywhere and improve efficiency or collaboration. They are also used to connect devices or sensors for enabling real time monitoring and control of building systems, such as lighting, security, and heating, ventilation, and air conditioning (HVAC) systems. Moreover, key companies are using robotics to automate repetitive tasks, including cleaning, maintenance, and inspection. They are also incorporating the use of 3D printing and augmented reality (AR) to create spare parts and prototypes on-demand and reduce costs or lead times for facility maintenance. Looking forward, the market value is expected to reach US$ 198.5 Billion by 2032, growing at a CAGR of 11.8% during the forecast period (2024-2032).
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The global facility management market has several major players including IBM Corporation, Oracle Corporation, Trimble Inc., Broadcom, Inc., SAP India Private Limited, ARCHIBUS, Inc., Accruent LLC, Spacewell International NV/SA, Planon Group, iOFFICE, LP., MetricStream, Inc., Fluke Corporation, and Authentic Facility Management, LLC. More information about these companies has been provided below.
Establishment: |
1911 |
Headquarters: |
New York, United States |
Website: |
https://www.ibm.com/ |
International Business Machines Corporation (IBM) refers to a technology company that offers hybrid cloud and artificial intelligence (AI) solutions. It also provides integrated solutions and products that use data and information technology (IT) in industries and business processes. The company commonly produces and sells computer hardware, middleware and software, and provides hosting and consulting services. IBM corporation serves numerous industries, including automotive, banking and financial markets, electronics, energy and utilities, healthcare, life sciences, manufacturing, metals and mining, retail, and telecommunications.
Establishment: |
1977 |
Headquarters: |
California, United States |
Website: |
https://www.oracle.com/ |
Oracle Corporation specializes in developing and marketing enterprise software products and cloud computing solutions. It is committed to embedding sustainability across their enterprise and delivering innovative cloud technology to obtain a meaningful change. It generally sells human capital management (HCM) software, enterprise performance management (EPM) software, and supply chain management (SCM) software.
Establishment: |
1978 |
Headquarters: |
United States |
Website: |
https://www.trimble.com/ |
Trimble Inc. is an American multinational computer software, hardware, and services technology corporation that supports numerous industries, including construction, agriculture, geospatial, natural resources and utilities, governments, transportation, and others. The company creates and provides solutions that enable our customers to do their jobs better, more successfully, efficiently and safely. Its product portfolio consists of GPS receivers, robotic total stations, laser scanning systems, fleet management software, and machine control systems. The company solutions are designed to address complex challenges faced by businesses in today's rapidly evolving market.
Establishment: |
1961 |
Headquarters: |
New York, United States |
Website: |
https://www.broadcom.com/ |
Broadcom Inc is a multinational infrastructure technology leader built on 50 years of innovation, collaboration, and engineering excellence. It designs, develops, and supplies a broad range of semiconductor and infrastructure software solutions. It serves the data center, networking, software, broadband, wireless, storage, and industrial markets. It helps companies worldwide drive enterprise-wide productivity, offering differentiated user experiences and opening new growth opportunities.
Establishment: |
1972 |
Headquarters: |
Walldorf, Germany |
Website: |
https://www.sap.com/ |
SAP SE is a multinational software corporation that specializes in enterprise software to manage business operations and customer relations. It offers enterprise resource planning (ERP), business intelligence, customer relationship management, supply chain management, and human capital management. Its solutions are designed to help businesses optimize their operations, reduce costs, and increase productivity. The company is known for its innovation and commitment to sustainability, and it has been recognized for its efforts to promote diversity and inclusion in the workplace.
Establishment: |
1983 |
Headquarters: |
Texas, United States |
Website: |
https://archibus.com/ |
ARCHIBUS, Inc. is a global provider of integrated workplace management systems (IWMS) and real estate portfolio management software. It offers a comprehensive suite of solutions that help organizations manage their facilities, real estate, assets, and environmental sustainability initiatives. Its solutions are utilized by companies in different industry verticals, including healthcare, education, government, and commercial real estate. The company is committed to delivering its customers with the tools they need to optimize their operations, reduce costs, and increase productivity.
Establishment: |
1995 |
Headquarters: |
United States |
Website: |
https://www.accruent.com/ |
Accruent, LLC serves a wide range of industries in 150+ countries around the world. It sells database software and technology, cloud-engineered systems, and other ERP software products, such as human capital management (HCM) software, customer relationship management (CRM) software, and enterprise performance management (EPM) software. It also produces product lifecycle management (PLM) software, supplier relationship management (SRM) software, supply chain management (SCM) software, and business technology platform (BTP) software. These products are designed for the complex needs of specific industries, including corporate real estate, healthcare, higher education, public sector, retail, telecom, and utilities.
Establishment: |
1989 |
Headquarters: |
India |
Website: |
https://spacewell.com/ |
Spacewell International NV/SA is a global provider of digital workplace solutions that help organizations optimize their real estate portfolio, increase productivity, and improve employee satisfaction. It is one of the leading providers of integrated workplace management systems (IWMS) and smart building solutions. Its solutions are designed to enable data-driven decision-making and provide real-time insights into building performance, occupancy, and employee well-being. Its offerings include facility management software, sensor technology, space management tools, and mobile applications.
Establishment: |
1982 |
Headquarters: |
United States |
Website: |
https://planonsoftware.com/ |
Planon Software Development B.V. is a global market-leading smart sustainable building management software company that connects buildings, people and processes. The company helps reduce the complexity coming from the divergence of multiple independent systems and thus empowers all building stakeholders with actionable and meaningful insights. Its solutions are rich in functionality and built on cutting-edge cloud-based technology, which allows to easily scale and extend the preferred property technology across domains at any time.
Establishment: |
2002 |
Headquarters: |
United States |
Website: |
https://www.iofficecorp.com/ |
iOFFICE, Inc. is a leading provider of cloud-based workplace management solutions that help organizations optimize their workspaces, streamline operations, and improve employee productivity. It sells space management software, move management tools, service request systems, and employee engagement solutions. Its solutions are designed to provide real-time insights into workplace performance, space utilization, and employee engagement. The company serves customers in various industries, including healthcare, government, education, and commercial real estate.
Establishment: |
1999 |
Headquarters: |
California, United States |
Website: |
https://www.metricstream.com/ |
MetricStream Inc. is a leading provider of governance, risk, and compliance (GRC) solutions that help organizations manage their risks, regulatory compliance, and corporate governance. Its solutions are designed to enable businesses identify and mitigate risks, ensure regulatory compliance, and improve overall operational efficiency. Its offerings involve enterprise risk management software, internal audit management software, compliance management software, and vendor risk management software. The company is known for its innovation and commitment to customer success.
Establishment: |
1948 |
Headquarters: |
United States |
Website: |
https://www.fluke.com/ |
Fluke Corporation is a global leader in the manufacturing and distribution of electronic test tools and software. It established itself as a trusted brand for professionals in a variety of industries, including electrical, HVAC, and process industries. Its products are designed to be rugged, reliable, and accurate, with a focus on safety and ease of use. Its offerings include digital multimeters, thermal imaging cameras, electrical testers, and calibration equipment.
Establishment: |
1997 |
Headquarters: |
Abu Dhabi |
Website: |
https://afmanagement.ae/ |
Authentic Facility Management, LLC aims to provide integrated solutions to ensure the personal, residential and commercial projects are fully covered with customized solutions for all clients as a trusted facility management company. It is characterized by its commitment to quality, reliability, and transparency in all its operations. It hires skilled and experienced professionals who are equipped with the latest tools and techniques to ensure that the facilities they manage are in optimal condition.
About Author:
Shree Basu Shree Basu is an experienced content writer with a passion for researching about diverse markets, ranging from technology to chemistry to agriculture. She has around two years of experience in different aspects of market research and has worked with multiple startups and enterprises in the B2B, B2C, and retail industries. In her free time, Shree enjoys reading, feeding stray animals, and watching crime documentaries |
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