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SpendEdge Forecasts a Spend Growth of over USD 30 Billion for the Facilities Management Industry

November 14, 2019
SpendEdge Forecasts a Spend Growth of over USD 30 Billion for the Facilities Management Industry
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.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191114005270/en/

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.

Want to know what are the price trends that are changing the procurement outlook in the facility management industry? Get a free demo of our procurement platform to get regular and real-time insights into price trends, procurement strategies, supply market scenarios, and many more on this industry.

Key Findings:

Is your business facing similar challenges? With SpendEdge, you can now get free access to real-time procurement strategies and secure your position in the facilities management industry. To try our procurement platform for free, request a free demo.

Other key topics covered in this report are:

Now buy one report and get a 50% discount on the second or, download the free sample of this facilities management industry procurement intelligence report.

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About SpendEdge:

SpendEdge shares your passion for driving sourcing and procurement excellence. We are the preferred procurement market intelligence partner for 120+ Fortune 500 firms and other leading companies across numerous industries. Our strength lies in delivering robust, real-time procurement market intelligence reports and solutions. To know more, https://www.spendedge.com/request-free-proposal

View source version on businesswire.com:https://www.businesswire.com/news/home/20191114005270/en/

CONTACT: SpendEdge

Anirban Choudhury

Marketing Manager

US: +1 630 984 7340

UK: +44 148 459 9299

https://www.spendedge.com/contact-us

KEYWORD:

INDUSTRY KEYWORD: CONSTRUCTION & PROPERTY OTHER CONSTRUCTION & PROPERTY

SOURCE: SpendEdge

Copyright Business Wire 2019.

PUB: 11/14/2019 07:30 AM/DISC: 11/14/2019 07:31 AM

http://www.businesswire.com/news/home/20191114005270/en