Fm Software Market | Contrive Datum Insights

The global FM Software Market size was valued at USD 1290.43 Billion in 2022 and is projected to reach USD 1922.12 Billion by 2030, growing at a CAGR of 5.0% from 2022 to 2030.

FM Software Market Overview:

FM Software Market helps organizations manage the entire maintenance program. The software basically aims to help businesses save money and time by efficiently managing their assets, buildings and occupants. The software helps facility managers perform a diverse range of functions including repair and maintenance management, contractor procurement and management, parts and supply management, asset management, billing/payment processing, preventive maintenance planning, work order fulfillment, proposal management and data analysis . FM software holds approximately 45% market share in the overall FM market globally.

Moreover, the key features of FM software are simplified work order management, software-as-a-service (SaaS) platform, staffing support, spend analytics, third-party integrations, and more. There are two types of software commercially available in the market, integrated FM software and stand-alone FM software. The purpose of FM is to ensure the full operation, function and maintenance of facilities.

FM Software market size estimates and forecasts are provided in terms of sales volume (K units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global FM Software market in detail. Regional market sizes related to products by type, by application, and by player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and other global crisis.

The global FM Software market is the professional and accurate study of various business perspectives such as major key players, key geographies, divers, restraints, opportunities, and challenges. This global research report has been aggregated on the basis of various market segments and sub-segments associated with the global market.

Industry News and Key Developments

• In April 2019, IBM collaborated with Sund & Bælt, IBM was already offering IBM Maximo for Civil Infrastructure solution; it further extended the IBM Maximo portfolio to provide deep industry and task-specific functionality to help organizations manage, monitor, and administer their infrastructure assets.
• In May 2020, Oracle partnered with Propre Japan Inc. Oracle Japan would help Propre Japan Inc. to innovate Propre’s real estate big data platform for 17 countries around the world. This partnership would help Oracle expand its customer base.
• In June 2020, SAP partnered with Honeywell to create a joint cloud-based solution that would improve building performance. The solution will be based on Honeywell Forge enterprise performance management solution and SAP Cloud Platform. The solution would enable customers to benefit from building performance optimization, including reduced carbon footprint and lower energy costs, along with improved tenant experience.
• In October 2019, Trimble partnered with British Heart Foundation (BHF). BHF selected Trimble’s Manhattan Integrated Workplace Management System (IWMS) to streamline its real estate management of 750 shops and stores across the UK. This partnership would expand the customer base of Trimble Buildings.
• In July 2021, Fortive acquired ServiceChannel . ServiceChannel is a leading provider of SaaS-based multi-site solutions. It expanded Fortive’s offering of Facility and Asset Lifecycle workflow solutions, alongside Accruent and Gordian.

Top Key Players include in the FM Software Market are
IBM, Oracle, SAP, Archibus, Trimble, CA Technologies, Accruent, Planon, FM:Systems, Ioffice, Maintenance Connection, MCS Solutions, Jadetrack, Metricstream, Facilities Management Express, Emaint, Hippo Cmms, Apleona, FSI, Indus Systems, Autodesk, Nemetsch, and others.

The FM Software market research report is categorized based on type, applications and region.

On the Basis of Type:

• Cloud Based
• On-Premises

On the Basis of Application:

• SMEs
• Large Enterprises

On the Basis of Region:

Geographically, the global FM Software market has been analyzed in various regions such as North America, Latin America, Middle East, Asia-Pacific, Africa, Europe, and India. The global FM Software region is dominating this market in the upcoming future.

North America accounted for a major market share of 31.7% in 2021. The region is expected to grow by 2.0 times during the forecast period. The North America region is projected to grow at a CAGR of 7.3% during the forecast period. The North American market is projected to create an absolute dollar opportunity of USD 6,599.5 million during 2022-2032.

Presence of major facility management software vendors coupled with growing adoption of emerging technologies are the major factors driving the growth of the market in North America. Due to the advanced economy and well-developed infrastructure in countries such as the United States and Canada, there is a huge demand for facility management software. Apart from this, BFSI and IT & telecom verticals are early adopters and are expected to contribute a significant market share.

Further the regions are divided into countries as follows

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Denmark
• Finland
• Iceland
• Sweden
• Norway
• Benelux Union
• Belgium
• The Netherlands
• Luxembourg
• Rest of Europe
• Asia-Pacific
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Indonesia
• Thailand
• Malaysia
• Singapore
• Rest of Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

FM Software Market report scope

What is the CAGR of the global FM Software market?

The FM Software Market is growing at a CAGR of 5.0% During Forecast Period.

Which region would offer high growth for vendors in the FM Software market?

North America accounted for a major market share of 31.7% in 2021.

Which Is the Most potential market segment?

By Types- Cloud Based, On-Premises

By Applications - SMEs, Large Enterprises, Others

Which are the top industry players in the market?

IBM, Oracle, SAP, Archibus, Trimble, CA Technologies, Accruent, Planon, FM:Systems, Ioffice, Maintenance Connection, MCS Solutions, Jadetrack, Metricstream, Facilities Management Express, Emaint, Hippo Cmms, Apleona, FSI, Indus Systems, Autodesk, Nemetsch