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Increasing smart city initiatives are expected to drive innovation in facility management services manufacturing, driving the market during the forecast period.

The global facility management services market is expected to grow from $1,361.71 billion in 2022 to $1,562.42 billion in 2023 at a compound annual growth rate (CAGR) of 14.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The facility management services market is expected to reach $2,557.57 billion in 2027 at a CAGR of 13.1%.

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Global Facility Management Services Market Segments Include:

• By Service Type: Hard Services, Soft Services, Other Services
• By Component: Solutions, Services
• By Deployment Mode: Cloud, On-premises
• By Organization Size: Small and Medium Enterprises (SMEs), Large Enterprise
• By Industry Vertical: Healthcare, Government, Education, Military And Defense, Real Estate, Other Industry Verticals
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global facility management services market in 2021.

Major Market Players in the facility management services market include Atalian Servest AMK Limited, BVG India Limited, CBRE Group Inc., EMCOR Group Inc., ISS A/S World, Knight FM, Quess Corporation Ltd.

Forecast for the facility management services market, trends for the facility management services market, facility management services market share, facility management services market outlook, facility management services market insights, facility management services market report, facility management services market overview, facility management services industry, facility management services market analysis, facility management services market growth, facility management services mart. This also provides continuous customer service, integrates technology, people, and processes in ways that provide an exceptional employee experience, and transforms traditional workspaces into tech-enabled spaces.

The Facility Management Services Global Market Report 2023 provides a facility management services market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The facility management services market forecast analyzes facility management services market size, facility management services market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Facility management services are a process that integrates people, place, process, and technology to ensure the functionality, comfort, safety, and efficiency of buildings and grounds, infrastructure, and real estate. It entails hiring an outside service provider to manage and maintain the building, as well as perform several non-core business functions for the corporation.

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