The facility management software market revenue totaled US$ 20,985.1 Million in 2023. The facility management software market is expected to reach US$ 72,168.4 Million by 2033, growing at a CAGR of 12.0% from 2023 to 2033.
According to the analysis, the market will exceed a valuation of US$ 20,985.1 Mn by the end of 2022 and reach US$ 64,277.8 Mn by 2032. According to FMI, technological developments and the introduction of facility management automation technologies have boosted industry growth.
These technologies have become increasingly important in boosting economic competitiveness and driving solution demand. The facilities management software captures and secures data using automated technologies. Furthermore, the rise of robots and automated machines in numerous verticals is propelling market expansion.
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The key sectors that use facility management solutions to conduct corporate procedures easily include healthcare, travel and hospitality, education, and manufacturing. Facility management software is gradually reshaping the market as a result of improvements in cloud-based software. The expenditure as well as the time necessary in handling papers for businesses such as healthcare and real estate have been decreased with the help of this facility management software.
Key Takeaways: Facility Management Software Market
- By deployment mode, the on-premises FMS segment is anticipated to account for the leading share of 4%in the global demand for facility management software in 2032.
- By type, the integrated software segment is anticipated to account for the leading share of 4%in the global demand for facility management software in 2032.
- By enterprise size, the adoption of facility management software in small & mid-sized enterprises is anticipated to grow at a CAGR of 7% between 2022 & 2032.
- By industry, the adoption of facility management software in travel & hospitality is anticipated to grow at a CAGR of 7% between 2022 & 2032, while the healthcare segment is currently dominating the market share.
- North America is expected to lead the market followed by Europe in 2022. South Asia & Pacific is anticipated to emerge as the fastest growing region between 2022 & 2032.
- The market in Japan is expected to progress at a CAGR of 7% through 2032.
- In GCC Countries, sales are expected to grow at a CAGR of 8% over the forecast period.
Demand for Facility Management from Modern Workspaces
Facility management software evolution has completely transformed the way how businesses operate. For the modern workspaces, it became a necessity to have the facility management software to run the operations in an efficient manner. All businesses involve several operations to be performed, with the growing technological advancement these business procedures can be handled efficiently with the usage of facility management software.
The software helps the facility managers to optimally utilize the assets, reduce the space which results to the decrease in the maintenance cost, by saving the money and also time. Furthermore, the software also helps in managing the multiple facilities simultaneously. Therefore, the use of the facility management software increases the overall productivity of the businesses, which in turn is boosting the market growth.
Key Players
- IBM
- Broadcom (CA Technologies)
- Oracle Corporation
- SAP SE
- Archibus
- Trimble
- Accruent
Changing Organization Culture and Workstyle
The culture of most of organizations is evolving in a fast pace with globalization. Major companies are diversifying their operations and work culture. Technical innovation and advancement positively influence the work culture. Smart workplaces equals to the smart insights. The benefits of Internet-enabled management systems are compelling. A common reporting platform can generate an easily accessible information and also helps in identifying the faults, and guide regarding the performance issues among others.
Furthermore, facility management software also helps in managing the space and help in forecasting the future needs. Therefore, most of the organizations are inclined towards adopting technically advanced solutions which motivates the facility management software providers to come up with product innovation, in turn boosting the market growth.
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Facility Management Software Outlook by Category
By Deployment Mode:
- On-premise FMS
- Cloud-based FMS
By Type:
- Integrated Software
- Standalone Software
By Enterprise Size:
- Small and Mid-Sized Enterprises (SMEs)
- Large Enterprises
By Industry:
- Healthcare
- Travel & Hospitality
- Manufacturing
- Education
- Transportation & Logistics
- Government
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East and Africa (MEA)
Table of Content
1. Executive Summary | Facility Management Software Market
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product Innovation / Development Trends
4. Pricing Analysis
4.1. Pricing Analysis, By
4.1.1. Subscription Pricing Model
4.1.2. Perpetual Licensing
4.2. Average Pricing Analysis Benchmark
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