The global computer aided facility management (CAFM) market was valued at around US$ 987.5 Million in 2021. The computer aided facility management (CAFM) market is projected to grow at a CAGR of 7.1% to reach a valuation of US$ 2,081.4 Million by 2032.
The report also predicts that the market will be worth US$ 1,047.5 million by 2022 and US$ 2,081.4 million by 2032. CAFM software is growing as a result of technologies such as the Internet of Things (IoT), cloud computing, automation, and others being deployed by facilities management vendors to assist enterprises in working in a data-driven environment.
Big data is transforming the facilities management industry’s maintenance and operation regimes. The technology enables facilities management to gain meaningful insights from a large amount of heterogeneous data collected from various sources. Integration of sensors and IoT provides insights for lowering real estate costs and improving employee experience.
Request a Sample of this Report @
https://www.futuremarketinsights.com/reports/sample/rep-gb-12479
Furthermore, IoT sensors play an important role in identifying spaces that are used on a regular basis in order to adjust cleaning schedules while saving time and money. This allows for cleaner, safer workplaces, as well as smarter, more responsive maintenance. As a result, the adoption of technologies such as big data and IoT is fueling growth.
Key Takeaways: Computer Aided Facility Management (CAFM) Market
- By solution, computer aided facility management software segment is anticipated to account for the leading share 71.2% in the global demand for computer aided facility management during 2032.
- By enterprise size, the adoption of computer aided facility managements in small & medium enterprises is anticipated to increase at a CAGR of 8.6% between 2022 & 2032.
- By industry, the adoption of computer aided facility management in IT & Telecom is anticipated to grow at a CAGR of 9.9% between 2022 & 2032, while manufacturing segment is dominating the market share during the current year 2022.
- North America is expected to lead the market followed by East Asia in 2022. South Asia & Pacific is anticipated to emerge as the fastest growing region between 2022 & 2032.
- Japan computer aided facility management (CAFM) market is expected to progress at a CAGR of 6.0% through 2032.
- In GCC Countries, sales of computer aided facility management (CAFM) solutions are expected to increase at a CAGR of 9.0% over the forecast period.
Increasing Demand for Integrated Facilities Management to Drive CAFM Market
Integrated facilities management is the consolidation of entire facility-related solutions and processes under single unified management group with a single point of contact. It is a proven method for streamlining of operations and task management in large enterprises. It is easy to observe why the facilities management market has been on the rise in terms of technology owing to rising surge for space management, smart infrastructure and cloud based solutions.
With growing importance for enhanced collaboration, improved human resource engagement, accurate reporting and disaster planning the insistence for computer aided facilities management software which serves the consolidated benefits of integrated facilities is predicted to rise, creating an attractive environment for CAFM software market players.
Growing Demand for Smart Facilities Propelling CAFM Market Growth
The CAFM market has seen considerable growth in the recent years owing to the insistence for smart facilities for enhanced employee experience at the workplace. Controlling work environment variables is simply one aspect of facilities management which further includes optimization of workplace and anticipating complications for creating a rational positive experience for employees.
Emergence of smart buildings in large scale enterprises equipped with sensors and technology, has resulted in a higher demand for facilities management services that goes beyond the typical scope of employment with purposeful use of the available space being crucial and essential part in cost and efficiency of the enterprise.
Smart software leverages technologies such AI, machine learning for energy predictions, predictive maintenance and security providing high level of assistance for facility managers while facilitating workforce with the finest experience in workplace management.
Request Customization Available @
https://www.futuremarketinsights.com/customization-available/rep-gb-12479
Computer Aided Facility Management (CAFM) Outlook By Category
By Solution:
- Computer Aided Facility Management (CAFM) Software
- Services
By Enterprise Size:
- Small and Mid-Size Enterprises (SMEs)
- Large Enterprises
By Industry:
- IT & Telecom
- BFSI
- Manufacturing
- Energy & Utilities
- Government & Defense
- Healthcare & Life Sciences
- Retail & CPG
- Transportation & Logistics
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East and Africa (MEA)
Table of Content
1. Executive Summary
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. Pricing Analysis
3.1. Types of Pricing Models
3.2. Average Pricing Benchmark Analysis
4. CAFM Software, Key Trends & Insights
4.1. Business Benefits of CAFM Solution
4.2. Key Features of CAFM Solution
4.3. Maintenance Software Feature Comparison
4.4. What Businesses Consider before implementing CAFM Software
Request for Table Of Content @
https://www.futuremarketinsights.com/toc/rep-gb-12479
About Us
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 favor 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
Browse Other Reports: https://www.futuremarketinsights.com/reports
LinkedIn| Twitter| Blogs
