Market Overview

Global Integrated Facility Management (IFM) Market size was evaluated at USD 94.18 Billion in 2022 and is projected to Reached around USD 156.82 Billion by 2030, growing at a CAGR of 7.20% from 2023 to 2030.

Integrated facilities management is when all of the work of managing buildings is done by a single team. This includes contracts, partnerships with suppliers, room management, and planning for an estate. IFM is not a novel idea, but it can feel like one. Think about how the way grounds management is done today has changed. Data is no longer kept in silos; instead, it is organized and put together across the board. The same is true for managing a building. Putting jobs, duties, and resources under different managers is not the answer. IFM puts them together.

A cloud-based solution is a safe way to host software for facility control. It also makes teams and subsidiaries in different places safer and makes it easier for them to work together. This helps organizations lower their running costs. A cloud-based facility management system also has other benefits, such as safe hosting of important data, better security and scalability, and quick disaster recovery. Backups are kept on shared or private platforms hosted in the cloud, which makes it easy for businesses to get back important server data. Secure login makes it easy to get to your data from anywhere with a stable internet link.

Businesses don't fully understand how valuable property management is. The trouble comes from the fact that people don't understand or use the necessary technologies. Many businesses are still using cloud computing tools and have not yet joined the Internet of Things ecosystem. Also, the change from the standard layout of an office to a more modern one is still in its early stages. Facilities management is an important part of business, but companies don't know about new ways to handle it. This makes it hard for organizations to give facilities management departments the same amount of value without getting in the way of their core business processes. Lack of standards is another problem, especially in places with more than one building.

Outsourcing facility management is becoming more and more popular. Organizations are looking at their working models to see how they can create the most value. But before we hire a third party to handle facilities management, we think about the best mix of insourcing and outsourcing based on cost, usefulness, and coverage. The facility management business has grown a lot in places like Europe, the Middle East, and North America, and outsourcing has been a big part of that. This trend is mostly caused by the rising demand for high-quality work experiences and the desire to keep operating costs low.

Market Dynamics

Drivers:Need to improve building efficiency is on the rise

Integrated Facility Management (IFM) systems are in high demand because more and more buildings need to be more energy efficient and use less energy. IFM solutions help cut down on energy use by putting in place efficient strategies for building upkeep, installing energy-efficient lighting, HVAC, and sustainability services.

Getting more people to use IoT and cloud computing

Integrated Facility Management (IFM) systems are becoming more popular as IoT and cloud computing become more popular. IoT devices are used to collect information about how a building works, how much energy it uses, and how its occupants act. This information is then used to make the building work better and use less energy. Cloud computing makes it possible to store, analyze, and handle data in a safe and scalable way, which is important for IFM solutions.

Facility services are becoming more popular to outsource

The Integrated building Management (IFM) market is growing because more and more people want to hire outside companies to handle their building services. By giving facility services to a single vendor, companies can save money and make their operations run more smoothly. Also, outsourcing facility services lets companies focus on what they do best, which increases their efficiency and productivity.

Restraints: Environmental and social concerns

One of the main reasons why integrated facility management (IFM) is becoming more popular is that people are becoming more concerned about the environment and social responsibility. Organizations are becoming more aware of how they affect the environment and society. As a result, they are looking for ways to lower their carbon footprint and act in a more socially responsible way. This has made more groups want IFM services that can help them reach their sustainability goals.

IFM providers can help businesses cut their energy use and carbon emissions by putting in place tools and processes that use less energy. For example, they can help adopt green building practices like using materials that are good for the environment, lighting and HVAC systems that use less energy, and renewable energy sources. IFM providers can also help organizations deal with their waste and use less water, which can lower their impact on the environment even more.

Opportunity: Increasing demand for eco-friendly and energy-efficient buildings

The Integrated Facility Management (IFM) market has a big chance to grow because of the rising demand for sustainable and energy-efficient buildings. As more people learn about how buildings affect the environment, there is a rising demand for green buildings and facilities that use less energy. Integrated facility management is a key part of meeting sustainability goals because it makes sure that buildings are built and run with energy efficiency, waste reduction, and the health of the environment in mind.

IFM service providers can offer options that are good for the environment, such as green cleaning, waste management, and lighting and HVAC systems that use less energy. Also, they can help businesses get sustainability certifications like LEED (Leadership in Energy and Environmental Design) or BREEAM (Building Research Establishment Environmental Assessment Method), which are becoming more important in the market.

IFM providers are also getting more chances as smart building technologies become more popular. Smart building technologies, like Internet of Things (IoT) sensors and building automation systems, let building systems be monitored and controlled in real time. This makes building operation and care more efficient. This can help building owners and managers save a lot of money, and it also gives IFM providers a chance to offer services that add value.

Concentrate on employee satisfaction and well-being

In recent years, there has been a greater focus on how employees feel and how well they are doing at work. This has led to a higher demand for IFM services that focus on these things. Integrated facility management can make a big difference in creating a healthy and supportive work environment, which can lead to higher morale, more production, and more employees staying with the company.

IFM providers can give services like air quality monitoring, ergonomic assessments, and training on workplace safety to make sure that workers work in a safe and comfortable place. They can also help companies set up wellness programs, like gyms and healthy food choices, to improve the health and well-being of their employees.

IFM providers can also help companies add technology that helps employees be more productive and healthy, like smart lighting and temperature control systems that make employees more comfortable and use less energy. By focusing on the experience and well-being of employees, IFM providers can set themselves apart in the market and give clients something they can't get anywhere else.

Challenges: High implementation and upkeep expenses

One of the biggest problems that the Integrated Facility Management (IFM) market has to deal with is the high costs of setting up and maintaining the advanced technology and software that is needed for good facility management. Setting up an IFM system can take a lot of money at first, which can be a turnoff for small and medium-sized businesses. Also, the costs of ongoing upkeep and upgrades can be high, making it hard for organizations to keep the system running over time.

IFM also has trouble because there aren't enough skilled people in the area. For IFM to work well, it needs to be put into place by a team of workers with a variety of skills, such as project management, engineering, and facility management. But there aren't enough trained workers on the market, so it's hard for businesses to find the right people to run their facility management operations well.

Major Market Segments Covered

Based on Type

Hard Services

Hard services are things like managing and taking care of a building's real infrastructure. This could include services like building maintenance and repairs, plumbing, electrical, and industrial maintenance, HVAC (heating, ventilation, and air conditioning) maintenance, fire safety systems, and security systems. Hard services are important for the smooth running of a building and for making sure that the people who live there are safe and happy.

Soft Service

Soft services are all about managing and taking care of a building's infrastructure that isn't real. This could include cleaning, catering, taking care of trash, gardening, and getting rid of bugs. Soft services are important for making sure that a building is clean and looks nice, and that the people who live there are healthy and happy.

Other Services

A wide range of specialized services, such as energy management, environmental management, workplace optimization, and space planning, may also be offered. These services can help organizations improve the way they handle their facilities, cut costs, and make their operations more efficient and productive as a whole.

Based on Organization Size

Small and Medium-sized Enterprises (SMEs)

This section is for companies with less than 500 workers. Small and medium-sized businesses (SMEs) are using IFM solutions more and more because these solutions help them save money and work better. Small and medium-sized businesses (SMEs) usually don't have a lot of resources, so outsourcing property management to IFM service providers can be a good idea.

Large Enterprises

This section is for companies with more than 500 workers. IFM solutions can handle the complicated facility management needs of large businesses in an effective way. Large businesses are using IFM solutions more and more because they want to cut costs and run their businesses more efficiently.

Others

This section is for groups that don't fit into the small and medium-sized enterprises or large enterprises categories. These include government agencies, non-profits, and educational institutions. IFM solutions can be used to meet the unique facility management needs of these companies.

Based on Application

Commercial

In this part, we talk about how to run places like office buildings, shopping malls, hotels, restaurants, and other commercial areas. The main goal is to give workers and customers a safe, comfortable, and productive place to work and hang out while maximizing efficiency and cutting costs.

Industrial

In this part, you'll learn how to run places like factories, warehouses, distribution centers, and other industrial areas. The focus is on keeping tools and machinery in good shape, making sure that safety and environmental rules are followed, and making sure that production processes are as efficient as possible.

Other

In this part, we talk about how to run places like hospitals, schools, colleges, government buildings, and other public institutions. The main goal is to give people a clean, healthy, and safe place to live while meeting legal standards and cutting costs.

Regional Insights

Due to the large number of service companies like IBM, Oracle Corporation, CBRE, Sodexo, and Compass Group, the US will become the biggest market for IFMs in North America. This is because there is an increasing need in many industries for flexible, advanced, and integrated facilities management solutions.

Also, the US is a market with a high level of maturity, and there are already two waves of signed contracts. One of the main things driving the growth of the market in this region is the rising demand for cloud-based integrated facility management systems. The market for integrated facility management solutions is also likely to grow a lot because smart technologies and artificial intelligence are becoming more popular.

By 2031, the UK market should be worth about $72.5 billion. In the past few years, the UK media environment has changed quickly. IFM options have a lot of room to grow because of the way technology is getting better.New technologies, like sensor technology, will make it possible to use robots in new ways and increase the number of building maintenance jobs, which will drive the growth of the market.

IFM service providers are also getting more interested in cars and transportation because driverless cars are becoming more famous. The IFM market in China is projected to grow at a CAGR of 4.8% and be worth about $45.6 billion by 2021.China's booming building and real estate markets are giving integrated facility management providers a chance to grow. One of the main reasons for the growth of integrated property management solutions and services is the need to cut costs. Also, as government rules and benefits for buildings and other facilities get stricter and the focus on sustainability grows, it becomes more important to hire professionals who are experts in the fields that are needed. This helps the market grow.

From about $25.9 billion in 2020 to $45 billion in 2031, the Indian market is expected to grow. New Zealand is giving market participants big chances for growth.Developed countries like Australia, Singapore, and Malaysia are some of the biggest markets for advanced integrated facility management services. This is because customers and governments in these countries are putting a lot of emphasis on energy-efficient building. In India, the IT, telecom, and healthcare businesses are all using IFM more and more. India could also be a place where large-scale bundled contracting deals and outsourcing of integrated facilities management services are used. Demand for integrated facilities management is likely to grow a lot as companies in the market look for more cost-effective ways to run their operations.

Scope Of Report

Key Vendors

• IBM
• Oracle
• SAP
• Trimble
• Accruent
• MRI Software
• Planon
• Service Channel
• Service Works Global
• FMX
• Causeway Technologies
• Spacewell
• iOFFICE
• FSI
• ARCHIBUS
• Archidata
• JadeTrack
• UpKeep Maintenance Management
• Apleona
• FacilityONE Technologie sand Others

1. IBM

IBM said that as scientists, developers, and engineers, they don't just work, but also make things. They also said that they make things with both their partners and their rivals. IBM wants to work with people who are looking for ways to make the world work better through technology, infrastructure, software, and advice. IBM also said that they are here to help every artist turn their "what if" into "what is," and they want to make something that will change everything.

2. Oracle

It was said that they are a cloud technology business that offers computing infrastructure and software to help organizations around the world become more effective and creative. They also made the only independent database in the world to protect clients' information. Oracle Cloud Infrastructure was made to offer better speed, more security, and lower costs. It also makes it easy for businesses to move workloads between their own systems and the cloud. Oracle Cloud applications give business owners access to modern apps that help them come up with new ideas, grow in a sustainable way, and become more resilient. Their work not only changes the business world, but it also protects governments and moves scientific and medical study forward. Millions of people, including nonprofits and businesses of all kinds, use their tools to streamline supply chains, make human resources (HR) more human, quickly adapt to new financial plans, and connect data and people around the world.

3. SAP

SAP has said that their goal is to help the world run better and make people's lives better. They said they would come up with new ideas to help their customers run as well as possible, and they offered to help each customer become a best-run business. SAP designs solutions to encourage innovation, advance equality, and share opportunities across cultures and boundaries. They think that by working together with their customers and partners, businesses can be changed, economies can grow, societies can be helped, and the environment can be kept safe.

4. Trimble

Trimble is changing the way the world works by making goods and providing services that link the real and virtual worlds. Customers can improve efficiency, quality, safety, and sustainability with the help of core technologies in positioning, modeling, connectivity, and data analytics. Trimble's software, hardware, and services are changing industries like agriculture, construction, geospatial, and transportation. These industries are using Trimble's purpose-built products and business lifecycle solutions to improve their work.

5. Accruent

Accruent is the world's top provider of intelligent solutions for the built environment. This includes real estate, integrated technology systems, and the physical and digital assets that they link. Accruent continues to set new standards for how organizations can use data to change how they handle their facilities and assets and is changing how people and systems work together. Accruent has major offices in Austin, New Orleans, London, and Amsterdam. It serves more than 10,000 customers in more than 150 countries. These customers come from a wide range of businesses.

Key Market Updates

• May 2020 Accruent, a leading provider of built environment management solutions, today announced enhancements to its cloud-based manufacturing solution designed to improve access to critical asset information for technicians and engineers working in manufacturing plants and other asset-intensive facilities.

• In September 2022, Aldar Properties PJSC ("Aldar") announced that it would fully acquire Spark Security Services, the UAE's leading provider of manned security services, expanding its platform for real estate and integrated facility management.

• In October 2022, German company Apleona entered into an agreement to acquire Dublin-based Acacia Facilities Holdings and its subsidiary Acacia Facilities Management.

Market Segmentation

By Type

• Hard Service
• Soft Service
• Other

By Organization Size

• Small and Medium-sized Enterprises
• Large Enterprises
• Other

By Application

• Commercial
• Industrial
• Other 

Global Integrated Facility Management (IFM) Market Regional Insights

• 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

Conclusion

The market for Integrated Facility Management (IFM) is projected to grow a lot in the next few years because more people are using cloud-based solutions, more people want sustainable and energy-efficient buildings, and more attention is being paid to employee experience and well-being. High implementation and upkeep costs, as well as the need for skilled workers, are also problems for the market. But the growing need for integrated solutions, the growing trend of outsourcing site management services, and the rise of "smart buildings" are all things that are likely to help the market grow. The market is divided into business, industrial, and other segments based on how they are used. As the need for efficient and cost-effective facility management grows, it's likely that the commercial section will lead the market. Overall, the Integrated Facility Management (IFM) market has a lot of room to grow, and market players are focused on expanding their service offerings to meet the growing demand.