North America Facility Management Solution Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Component (Software and Services), Deployment (On Premise and Cloud-Based), Enterprise Size (Small and Medium Enterprises and Large Enterprises), and Application (BFSI, Retail, Transport and Logistics, Pharmaceuticals, Government, IT and Telecom, Manufacturing, and Others)
Market Introduction
Facility management is described by the International Facility Management Association (IFMA) as the process of integrating a physical workplace with an organization's people and work, which includes tasks such as equipment maintenance, space planning, and portfolio forecasting. Emergency preparedness & business continuity, environmental sustainability, human aspects, communication, project management, quality, real estate & property management, leadership & strategy, and others are all part of facility management.
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Market Overview and Dynamics
The North America facility management solution market is expected to reach US$ 624.29 million by 2028 from US$ 349.0 million in 2021; it is estimated to grow at a CAGR of 8.7% from 2021 to 2028. Factors such as growing infrastructure sector across North America and better management, productivity, and efficiency with multiple facility management solutions compared to conventional solutions propel the growth of the market. However, the lack of awareness and standardization about facility management solutions hamper the market growth.
Governments across the world invest in infrastructure growth. For instance, as per the Department for Promotion of Industry and Internal Trade, FDIs in the construction development sector (townships, housing, built-up infrastructure, and construction development projects) and construction activities stood at US$ 26.14 billion and US$ 25.38 billion, respectively, between April 2000 and June 2021. In FY2021, infrastructure activities accounted for a 13% share of the total FDI inflows of US$ 81.72 billion. Also, there are several investments observed in the construction of railways, ports, and airports. Significant growth in the real estate sector due to rising focus on a safe, clean, and secure environment is one of the primary factors bolstering the growth of the facility management solution market. Additionally, the growing concept of a green building along with the enactment of the Real Estate (Regulation and Development) Act 2016, which protects home buyers and helps boost the real estate sector, stimulates the market growth. In addition, the booming information technology industry and the growing popularity of e-commerce platforms propel the need for infrastructure and organized spaces, which also fuels the market growth. Apart from this, several companies are using AI (artificial intelligence) and IoT (internet of things) technologies to automate facility management services for energy efficiency audits. Furthermore, the post-pandemic rising emphasis on hybrid workspaces and return-to-the-workplace strategies augment the demand for facility management services to maintain safety and productivity in companies across the region. Therefore, the growing infrastructure sector across North America propels the demand for facility management solutions.
The North America facility management solution market suffered considerable economic losses in the first two quarters of 2020, owing to the high count of COVID-19 positive cases, especially in the US. The economic growth was slowed, which negatively impacted the logistics and supply chain across the region. The COVID-19 pandemic has resulted in economic turmoil owing to subsequent lockdowns. The increasing awareness of clients and rising need for maintenance and security management are expected to drive the North America facility management solution market growth in the coming years. Moreover, governments in the region are investing in facility management services to make the containment zones COVID-19 free. Further, market players are offering end-to-end facility management services to businesses and government sectors, allowing them to work efficiently in restricted areas. Hence, the contribution of facility management service providers during the COVID-19 pandemic boosts the government-initiated schemes for combating the virus spread across North America. Therefore, the market in North America is experiencing a positive impact during the COVID-19 outbreak.
Key Market Segments
Based on component, the North America facility management solution market is bifurcated into software and services. The software segment held a larger market share in 2020 and is estimated to register a higher CAGR in the market during the forecast period.
Based on deployment, the North America facility management solution market is bifurcated into on-premise and cloud-based. The cloud-based segment led the market with a larger share in 2020 and is expected to register a higher CAGR during 2021–2028.
Based on enterprise size, the North America facility management solution market is bifurcated into small and medium enterprises and large enterprises. The large enterprises segment is likely to hold a larger share of the market in the coming years. Moreover, the same segment is expected to register a higher CAGR from 2021 to 2028.
Based on application, the North America facility management solution market is segmented into government, retail, pharmaceuticals, BFSI, transportation and logistics, IT and telecom, manufacturing, and others. The IT and telecom segment held the largest share of the market and is expected to register the highest CAGR during the forecast period.
Major Sources and Companies Listed
A few of the market players associated with the report on the North America facility management solution market are Quickbase, Inc.; Infraspeak; and IBM Corporation.
Reasons to buy the report
- Determine prospective investment areas based on a detailed trend analysis of North America facility management solution market over the next years.
- Gain an in-depth understanding of the underlying factors driving demand for different addictions therapeutics segments in the top spending countries and identify the opportunities offered by each of them.
- Strengthen your knowledge of the market in terms of demand drivers, industry trends, and the latest technological developments, among others.
- Identify the major channels driving the North America facility management solution market, providing a clear picture of future opportunities that will help analyze, resulting in revenue expansion.
- Channelize resources by focusing on the ongoing programs undertaken by the different countries within the North America facility management solution market.
NORTH AMERICA FACILITY MANAGEMENT SOLUTION MARKET SEGMENTATION
By Component
- Software
- Services
By Deployment
- On Premise
- Cloud-based
By Enterprise Size
- Small and Medium Enterprises
- Large Enterprises
By Application
- BFSI
- Retail
- Transport and Logistics
- Pharmaceuticals
- Government
- IT and Telecom
- Manufacturing
- Others
By Country
- US
- Canada
- Mexico
Company Profiles
- Axonator Inc.
- Facilitron, Inc.
- FM:Systems
- Hippo CMMS
- IBM Corporation
- Infraspeak
- Quickbase, Inc
- ServiceChannel
- Upkeep Maintenance Management
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 North America Facility Management Solution Market – By Component
1.3.2 North America Facility Management Solution Market – By Deployment
1.3.3 North America Facility Management Solution Market – By Enterprise Size
1.3.4 North America Facility Management Solution Market – By Application
1.3.5 North America Facility Management Solution Market – By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Facility Management Solution Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Facility Management Solution Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Infrastructure Sector
5.1.2 Managing Better Productivity and Efficiency with Multiple Facility Management Solutions
5.2 Market Restraints
5.2.1 Lacking Awareness and Standardization about Facility Management Solutions
5.3 Market Opportunities
5.3.1 Surging Demand for Cloud-Based Facility Management Solutions
5.4 Future Trends
5.4.1 Rising Trend of Outsourcing Facility Management Operations
5.5 Impact Analysis of Drivers and Restraints
6. Facility Management Solution Market –North America Market Analysis
6.1 North America Facility Management Solution Market Overview
6.2 North America Facility Management Solution Market Forecast and Analysis
7. Facility Management Solution Market Analysis – By Component
7.1 Overview
7.2 Facility Management Solution, by Component (2020 and 2028)
7.3 Software
7.3.1 Overview
7.3.2 Software: Facility Management Solution Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Services
7.4.1 Overview
7.4.2 Services: Facility Management Solution Market – Revenue and Forecast to 2028 (US$ Million)
8. Facility Management Solution Market – By Deployment
8.1 Overview
8.2 Facility Management Solution, by Deployment (2020 and 2028)
8.3 On-Premise
8.3.1 Overview
8.3.2 On-Premise: Facility Management Solution Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Cloud-Based
8.4.1 Overview
8.4.2 Cloud-Based: Facility Management Solution Market – Revenue and Forecast to 2028 (US$ Million)
9. Facility Management Solution Market – By Enterprise Size
9.1 Overview
9.2 Facility Management Solution, by enterprise size (2020 and 2028)
9.3 Small and Medium Enterprises
9.3.1 Overview
9.3.2 Small and Medium Enterprises: Facility Management Solution Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Large Enterprises
9.4.1 Overview
9.4.2 Large Enterprises: Facility Management Solution Market – Revenue and Forecast to 2028 (US$ Million)
10. Facility Management Solution Market – By Application
10.1 Overview
10.2 Facility Management Solution, by Application (2020 and 2028)
10.3 Banking, Financial Services and Insurance (BFSI)
10.3.1 Overview
10.3.2 BFSI: Facility Management Solution Market – Revenue and Forecast to 2028 (US$ Million)
10.4 Retail
10.4.1 Overview
10.4.2 Retail: Facility Management Solution Market – Revenue and Forecast to 2028 (US$ Million)
10.5 Transport and Logistics
10.5.1 Overview
10.5.2 Transport and Logistics: Facility Management Solution Market – Revenue and Forecast to 2028 (US$ Million)
10.6 Pharmaceuticals
10.6.1 Overview
10.6.2 Pharmaceuticals: Facility Management Solution Market – Revenue and Forecast to 2028 (US$ Million)
10.7 Government
10.7.1 Overview
10.7.2 Government: Facility Management Solution Market – Revenue and Forecast to 2028 (US$ Million)
10.8 IT and Telecom
10.8.1 Overview
10.8.2 IT and Telecom: Facility Management Solution Market – Revenue and Forecast to 2028 (US$ Million)
10.9 Manufacturing
10.9.1 Overview
10.9.2 Manufacturing: Facility Management Solution Market – Revenue and Forecast to 2028 (US$ Million)
10.10 Others
10.10.1 Overview
10.10.2 Others: Facility Management Solution Market – Revenue and Forecast to 2028 (US$ Million)
11. Facility Management Solution Market –North America Analysis
11.1 North America: Facility Management Solution Market
11.1.1 Overview
11.1.2 North America Facility Management Solution Market, Revenue and Forecast to 2028 (US$ million)
11.1.3 North America Facility Management Solution Market Breakdown, By Component
11.1.4 North America Facility Management Solution Market Breakdown, By Deployment
11.1.5 North America Facility Management Solution Market Breakdown, By Enterprise Size
11.1.6 North America Facility Management Solution Market Breakdown, By Application
11.1.7 North America Facility Management Solution Market Breakdown, by Country
11.1.7.1 US Facility Management Solution Market, Revenue and Forecast to 2028
11.1.7.1.1 US Facility Management Solution Market Breakdown, By Component
11.1.7.1.2 US Facility Management Solution Market Breakdown, By Deployment
11.1.7.1.3 US Facility Management Solution Market Breakdown, By Enterprise Size
11.1.7.1.4 US Facility Management Solution Market Breakdown, By Application
11.1.7.2 Canada Facility Management Solution Market, Revenue and Forecast to 2028
11.1.7.2.1 Canada Facility Management Solution Market Breakdown, By Component
11.1.7.2.2 Canada Facility Management Solution Market Breakdown, By Deployment
11.1.7.2.3 Canada Facility Management Solution Market Breakdown, By Enterprise Size
11.1.7.2.4 Canada Facility Management Solution Market Breakdown, By Application
11.1.7.3 Mexico Facility Management Solution Market, Revenue and Forecast to 2028
11.1.7.3.1 Mexico Facility Management Solution Market Breakdown, By Component
11.1.7.3.2 Mexico Facility Management Solution Market Breakdown, By Deployment
11.1.7.3.3 Mexico Facility Management Solution Market Breakdown, By Enterprise Size
11.1.7.3.4 Mexico Facility Management Solution Market Breakdown, By Application
12. Impact of COVID-19 Pandemic on Facility Management Solution Market
12.1 Overview
12.2 North America: Impact Assessment of COVID-19 Pandemic
13. Facility Management Solution Market - Industry Landscape
13.1 Market Initiative
14. Company Profiles
14.1 Axonator Inc.
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 Facilitron, Inc.
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 FM:Systems
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 Hippo CMMS
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 IBM Corporation
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 Infraspeak
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 Quickbase, Inc.
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 ServiceChannel
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 Upkeep Maintenance Management
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
15. Appendix
15.1 About The Insight Partners
15.2 Glossary
LIST OF TABLES
Table 1. North America Facility Management Solution Market, Revenue and Forecast To 2028 – By Component (US$ million)
Table 2. North America Facility Management Solution Market, Revenue and Forecast To 2028 – By Deployment (US$ million)
Table 3. North America Facility Management Solution Market, Revenue and Forecast To 2028 – By Enterprise Size (US$ million)
Table 4. North America Facility Management Solution Market, Revenue and Forecast To 2028 – By Application (US$ million)
Table 5. North America Facility Management Solution Market, Revenue and Forecast To 2028 – By Country (US$ million)
Table 6. US Facility Management Solution Market, Revenue and Forecast to 2028 – By Component (US$ million)
Table 7. US Facility Management Solution Market, Revenue and Forecast to 2028 – By Deployment (US$ million)
Table 8. US Facility Management Solution Market, Revenue and Forecast to 2028 – By Enterprise Size (US$ million)
Table 9. US Facility Management Solution Market, Revenue and Forecast to 2028 – By Application (US$ million)
Table 10. Canada Facility Management Solution Market, Revenue and Forecast to 2028 – By Component (US$ million)
Table 11. Canada Facility Management Solution Market, Revenue and Forecast to 2028 – By Deployment (US$ million)
Table 12. Canada Facility Management Solution Market, Revenue and Forecast to 2028 – By Enterprise Size (US$ million)
Table 13. Canada Facility Management Solution Market, Revenue and Forecast to 2028 – By Application (US$ million)
Table 14. Mexico Facility Management Solution Market, Revenue and Forecast to 2028 – By Component (US$ million)
Table 15. Mexico Facility Management Solution Market, Revenue and Forecast to 2028 – By Deployment (US$ million)
Table 16. Mexico Facility Management Solution Market, Revenue and Forecast to 2028 – By Enterprise Size (US$ million)
Table 17. Mexico Facility Management Solution Market, Revenue and Forecast to 2028 – By Application (US$ million)
Table 18. Glossary of Terms, Facility Management Solution Market
LIST OF FIGURES
Figure 1. Facility Management Solution Market Segmentation
Figure 2. Facility Management Solution Market Segmentation -Country
Figure 3. Facility Management Solution Market Overview
Figure 4. Facility Management Solution Market, By Component
Figure 5. Facility Management Solution Market, By Deployment
Figure 6. Facility Management Solution Market, By Enterprise Size
Figure 7. Facility Management Solution Market, By Application
Figure 8. Facility Management Solution Market, Country
Figure 9. North America PEST Analysis
Figure 10. Facility Management Solution Market Ecosystem Analysis
Figure 11. Expert Opinion
Figure 12. Facility Management Solution Market Impact Analysis of Drivers and Restraints
Figure 13. North America Facility Management Solution Market, Forecast and Analysis (US$ Mn)
Figure 14. Facility Management Solution Market Revenue Share, by Component Type (2020 and 2028)
Figure 15. Software: Facility Management Solution Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Services: Facility Management Solution Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Facility Management Solution Market Revenue Share, by Deployment (2020 and 2028)
Figure 18. On-Premise: Facility Management Solution Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Cloud-Based: Facility Management Solution Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Facility Management Solution Market Revenue Share, by Enterprise Size (2020 and 2028)
Figure 21. Small and Medium Enterprises: Facility Management Solution Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Large Enterprises: Facility Management Solution Market– Revenue and Forecast to 2028 (US$ Million)
Figure 23. Facility Management Solution Market Revenue Share, by Application (2020 and 2028)
Figure 24. BFSI: Facility Management Solution Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Retail: Facility Management Solution Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Transport and Logistics: Facility Management Solution Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Pharmaceuticals: Facility Management Solution Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Government: Facility Management Solution Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. IT and Telecom: Facility Management Solution Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. Manufacturing: Facility Management Solution Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. Others: Facility Management Solution Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. North America Facility Management Solution Market, Revenue and Forecast to 2028 (US$ million)
Figure 33. North America Facility Management Solution Market Breakdown, By Component, 2020 & 2028 (%)
Figure 34. North America Facility Management Solution Market Breakdown, By Deployment, 2020 & 2028 (%)
Figure 35. North America Facility Management Solution Market Breakdown, By Enterprise Size, 2020 & 2028 (%)
Figure 36. North America Facility Management Solution Market Breakdown, By Application, 2020 & 2028 (%)
Figure 37. North America Facility Management Solution Market Breakdown, by Country, 2020 & 2028 (%)
Figure 38. US Facility Management Solution Market, Revenue and Forecast to 2028 (US$ million)
Figure 39. Canada Facility Management Solution Market, Revenue and Forecast to 2028 (US$ million)
Figure 40. Mexico Facility Management Solution Market, Revenue and Forecast to 2028 (US$ million)
Figure 41. Impact of COVID-19 Pandemic in North American Country Markets
- Axonator Inc.
- Facilitron, Inc.
- FM:Systems
- Hippo CMMS
- IBM Corporation
- Infraspeak
- Quickbase, Inc
- ServiceChannel
- Upkeep Maintenance Management
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