United States Facility Management market is anticipated to register a robust CAGR during the forecast period.
Growing interest of governments of several countries in investing in infrastructure development, especially in the construction of railways, ports, airports and many other infrastructures, is boosting the growth of the facilities management software market. Numerous collaborations with some private contractors and various government projects with international players are also expected to boost the market growth. Facilities management is basically divided into two areas: hard facilities management (hard FM) and soft facilities management (soft FM).Hard facilities management deals with physical assets such as heating and cooling, elevators, and plumbing, while soft facilities management deals with human-performed tasks such as lease accounting, catering, security, groundskeeping, and custodial services. Facility management software helps businesses manage their entire repair and maintenance operations from her web-based panel.Government projects to propel the demandAs a part of united bid which features United States, Mexico & Canada to jointly host the 2026 Men’s FIFA World Cup. Out of the 16 venues in the North American continent for the world cup, 11 of them lie in the US. None of the stadiums that hosted the 1994 World Cup in the US will be used for the 2026 edition. Moreover, Miami, one of the hosts for the World Cup shall be provided with USD 5 million from Enterprise Florida for preparing the city for the mega event. As investments are set to be in millions of dollars, it is expected to thrive the facility management market in the country. Download FREE Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=1401 United States will host Summer Olympics 2028 at Los Angeles after winning the bid in the year 2016. It is estimated that the total cost of spending for the games will be around USD 6.9 billion. The government has already started work on transportation projects including Airport Metro Connector connecting the Metro system to the Los Angeles International Airport (LAX) and the Metro D (Purple) Line which will be nearby to the Games Village. The last time Los Angeles hosted the games was in 1984, so the city needs a much new and upgraded infrastructure in comparison to the last time. As Olympic games are expected to have athletes from around 200 countries along with their spectators, demand for facility management is expected to rise during the forecast period. In the year 2021, US had announced to release a whopping amount of USD 1.2 trillion as a part of its infrastructure package. Under this package, new infrastructure projects and upgradation of the existing ones shall be announced related to airports, metro and rail projects. These new projects are expected to propel the facility management in the forecast period.
Latest Trends in United States Facility Management Market
In the year 2019, CBRE has launched Plans Pro. It is an enterprise Software-as-a-Service (SaaS) Testfit 3D visualization tool that helps large enterprise users make better and faster decisions related to new and existing spaces with custom design criteria. Plans Pro is designed for professional users and can be used across all industries and property types, including office, industrial, retail, and healthcare. Plans Pro offers a wide range of integrated contract-based services, including facility management, project management, transaction management and management consulting.
Increase in Cybercrime
Security concerns related to device and network security are among the factors restraining the market growth. Increased security breaches and growing threats from cybercriminal groups have created skepticism and hindered the growth of the market. at risk of being damaged.
Recent Developments
- In the year 2021, CBRE Group, Inc. announced the acquisition of Turner & Townsend Holdings Limited wherein CBRE has acquired a 60% ownership interest. Turner & Townsend provides program management, cost consultancy, project management and advisory consulting services for clients in 46 countries.SOS International received a potential 5 year and USD17.9 million contract from US Central Command to maintain and maintain secure facilities at McDill Air Force Base and Al-Udeid Air Base in Tampa, Florida.
Market Segmentation
United States Facility Management market is segmented on the basis of service, end user, type, industry, and sectors. Based on service, the market is further fragmented into property, cleaning, security, support, catering & others. Based on end user, the market is further split into commercial, residential and industrial. Based on type, the market is further bifurcated into hard services and soft services. Based on Industry, the market is segmented into organized and unorganized. Based on sectors, the market is segmented into education, healthcare, real estate, banking, hospitality, housing, and others.
Market players
Major market players in the United States Facility Management market are CBRE Group, Inc., Cushman & Wakefield plc, Sodexo, Inc., Jones Lang LaSalle Incorporated, Emeric Facility Services, ISS Facility Services, Inc., Guardian Service Industries, Inc., SMI Facility Services, Shine Management & Facility Services, and AHI Facility Services, Inc.
AttributeDetailsBase Year2022Historic Data2018– 2021Estimated Year2023Forecast Period2024 – 2028Quantitative UnitsRevenue in USD Million and CAGR for 2018-2022 and 2023-2028Report coverageRevenue forecast, company share, growth factors, and trendsSegments coveredServiceTypeIndustryEnd UserSectorsRegional scopeSouth, West, Mid-West, North-EastKey companies profiledCBRE Group,Inc., Cushman & Wakefield plc, Sodexo, Inc., Jones Lang LaSalle Incorporated, Emeric Facility Services, ISS Facility Services, Inc., Guardian Service Industries, Inc., SMI Facility Services, Shine Management & Facility Services, AHI Facility Services, Inc.Customization scope10% free report customization with purchase. Addition or alteration to country, regional & segment scope.Pricing and purchase optionsAvail customized purchase options to meet your exact research needs. Explore purchase optionsDelivery FormatPDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
In this report, United States Facility Management Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
- United States Facility Management Market Overview
6.1. Industry Structure & Stakeholders6.2. Porter’s Five Force Analysis6.3. Assumption & Rationale for United States Facility Management Market6.4. Market Size & Forecast6.4.1. By Value6.5. Market Share & Forecast6.5.1. By Service (Property, Cleaning, Security, Support, Catering & Others)6.5.2. By Type (Hard Services and Soft Services)6.5.3. By Industry (Organized and Unorganized)6.5.4. By End User (Commercial, Residential, Industrial and Public Sector)6.5.5. By Sectors (Education, Healthcare, Real Estate, Banking, Hospitality, Housing, Others)6.5.6. By Region6.5.7. By Company6.6. United States Facility Management Market Map
- United States Property Management Market Outlook
7.1. Market Size & Forecast7.1.1. By Value7.2. Market Share & Forecast7.2.1. By Type7.2.2. By Industry7.2.3. By End User7.2.4. By Region
- United States Cleaning Management Market Outlook
8.1. Market Size & Forecast8.1.1. By Value8.2. Market Share & Forecast8.2.1. By Type8.2.2. By Industry8.2.3. By End User8.2.4. By Region
- United States Security Management Market Outlook
9.1. Market Size & Forecast9.1.1. By Value9.2. Market Share & Forecast9.2.1. By Type9.2.2. By Industry9.2.3. By End User9.2.4. By Region
- United States Support ManagementMarket Outlook
10.1. Market Size & Forecast10.1.1. By Value10.2. Market Share & Forecast10.2.1. By Type10.2.2. By Industry10.2.3. By End User10.2.4. By Region
- United States Catering ManagementMarket Outlook
11.1. Market Size & Forecast11.1.1. By Value11.2. Market Share & Forecast11.2.1. By Type11.2.2. By Industry11.2.3. By End User11.2.4. By Region
- Price Point Analysis (Cost of Spending in United States)
12.1. Plumbing12.2. Painting12.3. AC Service12.4. Electrical Service12.5. Pest Control12.6. Masonry Service
- Market Dynamics
13.1. Drivers13.1.1. Preparation for 2026 FIFA World Cup13.1.2. 2028 Summer Olympics13.1.3. Infrastructural Package13.2. Challenges13.2.1. Increase in Cybercrime
- Market Trends & DevelopmentsPolicy and Regulatory Landscape
15.1. Historical Evolution of Regulation15.2. Current Guidelines15.3. Licensing / Certification Requirements