Facility Management Report 2020 Opportunities, Challenges, Key Players, Trend and Forecast by 2027
Market Scenario:
The global facility management report is predicted to touch USD 60 billion at a 13% CAGR between 2016- 2022, as per the recent Market Research Future (MRFR) analysis. Facility management, simply put, is the process to manage multiple disciplines & operations of a company and ensure smooth functionality of the built environment. This helps to integrate technology, process, place, people, and also helps the company to lay emphasis on their core competencies, which include technology management, property management, project management, operation and maintenance, leadership strategy, finance and business, environmental sustainability, and communication. Inventory management, operation management, project management, maintenance management, and others are its different services. Owing to its alluring features and plentiful benefits, facility management has wide applications in government, IT and telecom, real estate, BFSI, education, manufacturing, healthcare, retail, and other sectors.