According to the Facility Management Software Market analysis by Future Market Insights (FMI), the demand registered in the market will grow at a CAGR of 12.0% from 2022-2032.
The report also forecasts that the market will surpass a valuation of ~US$ 20,985.1 Million by the end of 2022 and reach ~US$ 72,168.4 Million by 2032. As per FMI, technological advancements and the introduction of automation systems for facility management have positively impacted market growth.
These technologies have become significant in improving economic competitiveness, thereby driving the solution demand. The facility management software uses automated tools to capture and secure the data. Additionally, the rise of robots and automated machinery in various verticals is also responsible for driving market growth.
Request a Sample of this Report @
https://www.futuremarketinsights.com/reports/sample/rep-gb-15030
Healthcare, travel & hospitality, education, and manufacturing are the major sectors using facility management solutions to handle business processes easily. Due to advancements in cloud-based software, facility management software is transforming the market gradually. With the help of this facility management software, the expenditure as well as the time required in managing the documents for industries such as healthcare and real estate have reduced.
Key Takeaways: Facility Management Software Market
- By deployment mode, the on-premises FMS segment is anticipated to account for the leading share of 4 %in the global demand for facility management software in 2032.
- By type, the integrated software segment is anticipated to account for the leading share of 4% in the global demand for facility management software in 2032.
- By enterprise size, the adoption of facility management software in small & mid-sized enterprises is anticipated to grow at a CAGR of 7% between 2022 & 2032.
- By industry, the adoption of facility management software in travel & hospitality is anticipated to grow at a CAGR of 7% between 2022 & 2032, while the healthcare segment is currently dominating the market share.
- North America is expected to lead the market followed by Europe in 2022. South Asia & Pacific is anticipated to emerge as the fastest growing region between 2022 & 2032.
- The market in Japan is expected to progress at a CAGR of 7% through 2032.
- In GCC Countries, sales are expected to grow at a CAGR of 8% over the forecast period.
Demand for Facility Management from Modern Workspaces
Facility management software evolution has completely transformed the way how businesses operate. For the modern workspaces, it became a necessity to have facility management software to run the operations in an efficient manner. All businesses involve several operations to be performed, with the growing technological advancement these business procedures can be handled efficiently with the usage of facility management software.
The software helps the facility managers to optimally utilize the assets, and reduce the space which results to a decrease in maintenance cost, by saving money and also time. Furthermore, the software also helps in managing multiple facilities simultaneously. Therefore, the use of facility management software increases the overall productivity of businesses, which in turn is boosting market growth.
Ask An Analyst @
https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-15030
Key Players
- IBM
- Broadcom (CA Technologies)
- Oracle Corporation
- SAP SE
- Archibus
- Trimble
- Accruent
Changing Organization Culture and Workstyle
The culture of most organizations is evolving at a fast pace with globalization. Major companies are diversifying their operations and work culture. Technical innovation and advancement positively influence the work culture. Smart workplaces are equal to smart insights. The benefits of Internet-enabled management systems are compelling. A common reporting platform can generate easily accessible information and also helps in identifying the faults, and guide regarding performance issues among others.
Furthermore, facility management software also helps in managing the space and help in forecasting future needs. Therefore, most of the organizations are inclined towards adopting technically advanced solutions which motivates the facility management software providers to come up with product innovation, in turn boosting the market growth.
Facility Management Software Outlook by Category
By Deployment Mode:
- On-premise FMS
- Cloud-based FMS
By Type:
- Integrated Software
- Standalone Software
By Enterprise Size:
- Small and Mid-Sized Enterprises (SMEs)
- Large Enterprises
By Industry:
- Healthcare
- Travel & Hospitality
- Manufacturing
- Education
- Transportation & Logistics
- Government
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East and Africa (MEA)
Table of Content
1. Executive Summary | Facility Management Software Market
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product Innovation / Development Trends
4. Pricing Analysis
4.1. Pricing Analysis, By
4.1.1. Subscription Pricing Model
4.1.2. Perpetual Licensing
4.2. Average Pricing Analysis Benchmark
Request for Customization @
https://www.futuremarketinsights.com/customization-available/rep-gb-15030
About Future Market Insights, Inc.
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments on the basis of Source, Application, Sales Channel, and End Use over the next 10 years.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
