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The facilities management market size is forecast to increase by USD 826.91 billion at a CAGR of 9.61% between 2023 and 2028. The market is experiencing significant growth due to several key drivers. One of the primary factors is the increasing demand for cost-effective solutions, leading to the adoption of cloud-based facilities management systems. The advent of the Internet of Things in facilities management is another major trend, enabling data-driven decisions and improved performance.
Budgetary constraints continue to be a significant issue, necessitating the need for efficient task management, cleaning services, and extended asset lifespan. The evolution of AI in facilities management is transforming the industry, with the deployment of AI-powered facilities solutions becoming increasingly common. Integration of these technologies is essential for smart FM solutions to optimize square footage and enhance overall performance.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Service
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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