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Press Release
As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
According to a new report by EMR titled, ‘Global Integrated Facilities Management Market Report and Forecast 2021-2026’, the global integrated facilities management market reached a value of approximately USD 749 billion in 2020. It is expected to grow at a CAGR of 7% between 2021 and 2026 to attain a value of nearly USD 1051 billion by 2026.
The global integrated facilities management market is growing and is expected to witness a healthy growth in the coming years as well. The leading regions in the market include the United States, Australia, the United Kingdom, France, Germany, New Zealand, and Spain. The facilities management market significantly drives the growth of the integrated facilities management market. The facility management markets in North America, as well as Europe, grew at a healthy rate in 2020. The North America facility management market is majorly being driven by its end-use industries like pharmaceutical, oil, gas, CPG, BSFI, chemical, etc. The increasing multinationals in regions like the Asia Pacific are resulting in a surplus demand for outsourced facility management market. The rapidly growing economies of these regions are also propelling the market growth of integrated facilities management.
In 2018, CBRE (NYSE: CBRE), one of the key players, announced its acquisition of a Kentucky-based consulting firm, named Noveen Consulting. Noveen is focussed on providing healthcare facilities. It helps healthcare owners optimise the economics of operating as well as owning healthcare facilities. Noveen Consulting’s acquisition will enable the expansion of CBRE’s healthcare facility management portfolio.
Market Analysis by Service Type, Application, and Regions:
Key Findings of the Report:
Key Offerings of the Report:
The major key players in the global integrated facilities management market include Jones Lang LaSalle, IP, Inc., Sodexo, ISS Facility Service, CBRE, and Compass Group PLC, Cushman & Wakefield, among others. The comprehensive report covers their market share, capacity, and latest developments like mergers and acquisitions and capacity expansions.
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