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SpendEdge Forecasts a Spend Growth of Over USD 30 Billion for the Janitorial Services Industry

November 21, 2019 GMT
SpendEdge Forecasts a Spend Growth of Over USD 30 Billion for the Janitorial Services Industry
SpendEdge Forecasts a Spend Growth of Over USD 30 Billion for the Janitorial Services Industry

LONDON--(BUSINESS WIRE)--Nov 21, 2019--

SpendEdge, a global procurement market intelligence firm, has announced the release of its Global Janitorial Services Industry – Procurement Intelligence Report.

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Global Janitorial Services Industry Procurement Intelligence Report. (Graphic: Business Wire)

The janitorial services industry is witnessing demand from both the commercial and residential sectors that will increase at an exponential rate. In the commercial sector, window cleaning, vacuuming, floor care, and other services such as kit cleaning and dusting are some of the types of janitorial services that are in high demand. Meanwhile, in the residential sector, factors such as improvement in the purchasing power of the middle-class demography will create the demand for services such as maid services, carpet cleaning, and window cleaning. This will drive the spend momentum of the janitorial services industry at a CAGR of over 4% between 2018-2022.

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In terms of regional category spend, North America holds the majority market share, accounting for approximately 34% of the total spend on janitorial services,” says SpendEdge procurement expert Tridib Bora.

However, in this labor-intensive industry, the increase in employee expenses incurred by suppliers will act as one of the prominent spend accelerators in the janitorial services industry. For buyers, the optimization of procurement spend will be highly dependent on their negotiation and selection strategies with suppliers.

What are the janitorial services price trends that are driving the overall price structure in the global janitorial services industry?

Is your business challenged with price dynamism? You can now get free access to real-time procurement strategies to address such price dynamism and secure your position in the janitorial services industry. To try our procurement platform for free, request a free demo.

What are the scopes of optimizing procurement spend in the janitorial services industry?

SpendEdge’s sample reports are free of charge and contain multiple sections of the report that offer insights into the global and regional price trends, supply market scenario, procurement best practices, and more. Request a free sample of this janitorial services industry procurement intelligence report.

Some of the key topics covered in this report are:

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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/20191121005545/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: PROFESSIONAL SERVICES OTHER PROFESSIONAL SERVICES

SOURCE: SpendEdge

Copyright Business Wire 2019.

PUB: 11/21/2019 10:33 AM/DISC: 11/21/2019 10:33 AM

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