Global facilities management services market to grow at a CAGR of around 4% by 2020
Procurement market intelligence analysts have announced the top five leading suppliers for the global facilities management services market in their la
test research report. The facilities management services industry is undergoing transformation with respect to its supply and technology landscape. Suppliers are complying with industry demands by enhancing their operational efficiency through the incorporation of technology into their operations.
This category spend intelligence report is based on the synthesis, analysis, and interpretation of information about the global facilities management services market collected from specialized sources. The analysts have derived insights using a mix of primary and secondary research with an aim to provide a holistic picture of the market.
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Competitive market landscape
The market, highly fragmented in nature, is dominated by large global players. The increasing preference to outsource facilities management services is prompting vendors in the global market to enhance their global reach and service capabilities by involving in mergers and acquisitions.
According to Angad Singh, a category specialist at Technavio, “The global market is currently witnessing an increase in number of multinational and multicultural projects. There is a need to modify the operational procedures to handle cultural differences when service providers engage in projects outside their respective countries. Managing cultural diversity within the workforce and understanding local regulations related to work permits, safety, and emissions are a mandate for an organization to establish long-term relationships in new markets.”
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Top five vendors in the facilities management market space
Sodexo
Sodexo provides services in the domains of facility management and food services in countries across the globe. At present, the company serves more than 75 million people on a daily basis. The company also provides more than 234 services for the benefit of clients’ employees.
Key services: On-site facility management, Personal and home services, and Benefits and reward services
Compass Group
Compass Group is a global leader in providing food services and facilities management support services. K-12 (part of the Compass Group) serves more than two million students every day in the US alone. Approximately, one-third of the top business schools in Europe are served by Compass. The Compass Service Framework was designed by the company to enhance their service capabilities and provide high-quality service to customers.
Key services: FM support services, Food services, Walk-in retail shops, and Project management.
Aramark
Aramark is maintaining approximately 1 billion square feet of facilities across multiple industries worldwide. The company owns over one million square feet of meeting space globally. It also manages over 45 unique world-class residential and day centers across the US and Canada.
Key services: Food services, Facilities services, Uniform services, Hospitality services, and Retail services.
ISS A/S
ISS A/S facility management system generates three million work orders on an annual basis. The company serves almost 140 million square meters of office and industrial space globally on an annual basis. The company caters to a large number of B2B customers across industry sectors. ISS performs 30 billion square meter of cleaning activities globally
Key services: Facility management, Cleaning services, Security services, Catering services, Property services, and Support services.
CBRE Group
With a total workforce of 25,000 EFMs and 13,000+ engineering professionals, CBRE is one of the largest FM service providers across the globe. It caters to a client base of 25.8 million occupants and tenants in the global commercial real estate market. The company employs 300+ HSSE professionals, 40+ OSHA, and 501 trainers for health and safety as well as environmental management.
Key services: Facilities management, Leasing services, Project management, Valuation and advisory, Energy and sustainability, and Asset services.
A more detailed analysis is available in the procurement intelligence report titled, Global Facilities Management Services – Procurement Market Intelligence 2016.
