Unified Facility Management Market to Touch USD 168.6 Billion at 8.30% CAGR by 2030 – Report by Market Research Future (MRFR)

Market Analysis:

According to MRFR “Global Unified Facility Management Market, By Components, By Deployment Type, By Applications – Forecast 2030.” The global unified facility management market will touch USD 168.6 billion at an 8.30% CAGR by 2030, as per the recent Market Research Future report.

Key Players:

Key players in the unified facility management market report include:

• Oracle Corporation (U.S.)
• International Business Machines Corporation (U.S.)
• Archibus Inc. (U.S.)
• SAP SE (Germany)
• Technologies (U.S.)
• Trimble Navigation Ltd. (U.S.)
• iOffice Corporation (U.S.)
• Accruent LLC. (U.S.)
• Planon Corporation (Netherlands)
• Systems Inc. (U.S.)

Scope of the Report – Unified Facility Management Market:

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Market Segmentation:

The global unified facility management is bifurcated based on applications, deployment type, and components.

By components, the market is segmented into solution, service, and software.

By deployment type, the market is categorized into on-premises and on cloud.

By applications, the market is categorized into retail, education, healthcare, IT, telecom, and BFSI.

Market Drivers: 

Rising Focus on Sustainability to Boost Market Growth 

The rising focus on sustainability will boost market growth over the forecast period. UFM services allow facility owners in implementing sustainable practices such as water conversation, waste management, and energy-efficient lighting systems thus largely cutting down the environmental impact.

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Market Opportunities:

Trend for IoT Powered Smart Buildings to offer Robust Opportunities 

The growing trend for IoT-powered smart buildings will offer robust opportunities for the unified facility management market in the forecast period. The UFM service providers offer advanced monitoring, energy management solutions, and predictive maintenance.

Restraints and Challenges: 

Lack of Awareness to act as Market Restraint 

The lack of awareness about UFM solutions, concerns about data security, and high initial investment cost may act as market restraints over the forecast period.

COVID-19 Analysis: 

The COVID-19 epidemic hastened focus on cleanliness and safety, resulting in burgeoning need for services like contactless access control and enhanced sanitation. UFM providers had to adapt to such new needs by implementing strict safety and health protocols. Besides, automation solutions and remote monitoring have gained significance to enhance efficiency and reduce human contact. While COVID-19 initially had presented challenges, this has also resulted in growth and innovation in the unified facility management sector.

Browse In-depth Market Research Report (100 Pages, Charts, Tables, Figures) Unified Facility Management Market – https://www.marketresearchfuture.com/reports/unified-facility-management-market-4248

Regional Analysis: 

North America to Spearhead Unified Facility Management Market 

North America will spearhead the unified facility management market over the forecast period for the presence of technologically and economically countries like Canada and the US. The latest technologies, and strong financial situation are boding well for the market growth. This region boasts of an array of developed countries having well-established infrastructure which produce ample demand for the unified facility management solutions. Another reason is the growing number of IoT gadgets in the unified facility management. The increasing awareness level amid consumers concerning the plethora of perks of the IoT technology coupled with the willingness of spending huge amounts on IoT tool installation and tech is fostering the expansion of the UFM market in North America.

APAC to Have Admirable Growth in Unified Facility Management Market 

The APAC region will have admirable growth in the market over the forecast period for the growing population, increasing urbanization, adoption of the smart city initiatives, and infrastructure development. India, followed by Japan and China have the utmost market share.

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