Facility management market - Opportunities, Size & Growth Projections
Global Facility Management Market is projected to grow at a Compound Annual Growth Rate (CAGR) of over 11% during 2022-2027 owing to the growing adoption of IoT, change in organization structure & work management, presence of many enterprises, growth in the development of sustainable infrastructure and increasing demand for connected devices for building automation across various industry verticals. Based on organization size, the market has been segmented into Large Small & Midsize. In 2021, the large enterprise segment dominated the market since facility management solutions allow organizations to monitor and regulate complex and huge facility infrastructures. Moreover, growing infrastructure-based developments, increasing demand for sustainable facility management solutions and rising technology integration are some of the other factors that would aid the global facility management market during the forecast period. Some of the leading players in the Glob...