SpendEdge Forecasts a Spend Growth of over USD 30 Billion for the Facilities Management Industry
LONDON--(BUSINESS WIRE)--Nov 14, 2019--
SpendEdge, a global procurement market intelligence firm, has announced the release of its Global Facilities Management Industry - Procurement Intelligence Report.
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Global Facilities Management Industry Procurement Intelligence Report. (Graphic: Business Wire)
The rapid adoption rate of web-based technological platforms, an increasing number of multinational projects, and the alliance between integrated facilities management (IFM) vendors and IT and telecom companies are some of the prominent factors that will contribute towards the spend growth of the facilities management industry through 2023.
Currently, the US claims over 65% of the share in the facilities management industry. The growing demand from the manufacturing and healthcare industries and the concentration of integrated service providers will widen the growth prospects for facilities management suppliers in the US. Meanwhile, the growing focus on real-time monitoring of processes, high utilization of resources, and increasing stringency of government regulations on waste management will draw more investments from organizations in Europe into the facilities management industry.
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Other key topics covered in this report are:
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INDUSTRY KEYWORD: CONSTRUCTION & PROPERTY OTHER CONSTRUCTION & PROPERTY
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