How AI and IoT Are Revolutionizing the Facility Management Market
Facility Management Market Overview: Surging Demand for Integrated Facility Solutions The global facility management (FM) market is undergoing transformative growth, fueled by the expanding real estate sector, escalating complexity in infrastructure, and a sharp pivot toward operational efficiency. As organizations increasingly outsource non-core functions to specialist providers, the demand for Integrated Facility Management (IFM) solutions is surging. In 2024, the market was valued at USD 1,388.01 billion, and it is forecasted to reach USD 2,534.9 billion by 2031, reflecting a compound annual growth rate (CAGR) of 9.0% . The rise of digitally enabled smart buildings , corporate ESG initiatives, and increased infrastructure investment across developing economies are central to this momentum. Additionally, government support for privatization and outsourcing of facility services is reinforcing public sector reliance on specialized FM solutions. Request Sample Report PDF (inclu...