The vendor landscape
of the Facilities
Management
(FM) Market
is characterized by the presence of industry leaders Sodexo, Inc. and
ISS World Services A/S. Transparency Market Research reveals that
these two companies, along with Broadspectrum (Australia) Pty Limited
and Bilfinger HSG Facility Management GmbH, together accounted for
only 28% of the global market in 2015, indicating that there is
significant scope for other service providers to strengthen their
position in the FM services market.
“Cross-border
mergers and acquisitions with expanding regional coverage and
customer network hold immense opportunities for FM service providers
owing to the expansion of business activity across the globe,” a
TMR analyst predicts.
TMR finds that an
increasing number of companies have been providing bundled facilities
management services – a combination of soft and hard FM services –
in order to improve the efficiency of business processes and deliver
quality and valued services to their clients.
“Bundled
facilities management services have proven to be extremely useful in
strengthening long-term relationships between the service provider
and the client,” says a TMR analyst. Several companies in the U.K.,
for instance Northampton-based 14forty FM Support Services and
London-based G4S plc, have been dedicatedly providing a variety of
bundled FM services such as security, cleaning, reception, food and
hospitality, and workplace management. This has enabled an enhanced
level of professional development and cross-service efficiencies of
facilities management services.
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On the other hand,
total FM services have also gained much traction in recent years.
“These single-point delivery services have successfully helped
improve services and bring down overall cost,” the author of the
study observes. “Companies have also found that total FM services
provide central control to the entire facilities management and
minimize complexities among various services.”
Tackling Cost
Issues with Facilities Management
As more and more
companies aim toward reduction in maintenance and operation costs,
facilities management has emerged as the ideal solution for firms in
the short, medium, and long term. FM services have been supporting
companies in reducing capital expenditure and increasing investments
in primary services, a goal which most organizations strive for.
Energy consumption
is also a major hiccup in most business activities since excessive
consumption of acts as an added operating cost. By developing an
integrated design for business operations, FM services held companies
curb energy usage and improve overall performance.
Facilities
management outsourcing services have emerged as an alternative for
firms that want to focus solely on their core functions and business
strategies. In the short and medium term, the adoption of outsourced
FM services is likely to have a moderate impact. However, TMR
predicts that these services will have a significant impact on
companies in the long run. “This can be attributed to the
increasing number of third-party contracts for FM outsourcing and the
surging adoption of facilities management services in regions such as
Europe, North America, and Asia Pacific,” the analyst states.
The opportunity in
the facilities management market is set to rise at a 13.6% CAGR over
the course of the forecast period, TMR finds. This means an increase
from US$606.4 bn in 2015 to US$1,887 bn by 2024.
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and analyze information.
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experts so that it always reflects the latest trends and information.
With extensive research and analysis capabilities, Transparency
Market Research employs rigorous primary and secondary research
techniques to develop distinctive data sets and research material for
business reports.
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