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Global Integrated Facilities Management Market Offers Immense Potential Says Frost & Sullivan - Continued trend towards outsourcing and service integration will sustain growth momentum - BuildingTechnologies.Frost.com
Global Integrated Facilities Management Market Offers Immense Potential Says Frost & Sullivan

 

PRZOOM - /newswire/ - London, United Kingdom, 2013/01/15 - Continued trend towards outsourcing and service integration will sustain growth momentum - BuildingTechnologies.Frost.com.

   
 
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As the concept of integrated facility management (IFM) becomes increasingly understood and demanded by end users across the globe, numerous opportunities are opening up for suppliers from a variety of backgrounds.

New analysis from Frost & Sullivan (buildingtechnologies.frost.com) Global IFM Market, finds that the market earned revenues of $64.20 billion in 2011 and estimates this to reach $96.17 billion in 2017. This will mean IFM will increase its penetration of the total global outsourced FM market from around 12% in 2011 to over 15% by 2017.

"The global IFM market is in growth mode, not just in the emerging markets but also in the more mature markets," noted Frost & Sullivan Partner John Raspin. "The economic crisis has further heightened awareness about outsourcing in both private and public sectors in the more mature markets."

Despite high growth rates, revenues generated by IFM in emerging markets like India and China remain comparatively small. This is because outsourcing is considered cost intense and the concept of integrated solutions remains little understood.

Frost & Sullivan believes that the more mature markets of North America and Europe will still account for more than two thirds of global IFM revenues in 2017. The demand for further cost savings and single contact solutions will continue to drive service integration in mature markets.

These trends are reinforced when synergies with other services can be demonstrated and cost savings achieved. Besides, the demand for value-add services, such as energy management, present IFM providers who have these capabilities with the opportunity to differentiate their service offering.

"Many leading FM players have enhanced their integrated offering capabilities and will continue to do so," added Raspin. "The benefits of such a strategy become even more tangible as intensifying competition among suppliers highlights the need for greater differentiation."

Mature IFM markets are characterised by intense competition. The challenge for many FM participants, therefore, will be to reach a balance between being competitive and achieving reasonable margins.

If you are interested in more information on this study, please send an email with your contact details to Chiara Carella, Corporate Communications, at chiara.carella[.]frost.com.

Global IFM Market is part of the Building Management Technologies. Frost & Sullivan’s related research services include: Indian Facility Management Services Market, Australian Market for Facility Management in Remote Sites, and Facility Management for Government Institutions in Australia. All research included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.

About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.

Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organisation prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

Contact Us: Start the discussion | Join Us: Join our community | Subscribe: Newsletter on "the next big thing" | Register: Gain access to visionary innovation

Global IFM Market / M82B-19

 
 
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Global Integrated Facilities Management Market Offers Immense Potential Says Frost & Sullivan

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Contact: Chiara Carella 
+44(0)20 7343 8314 / +44(0)75 3301 7689 (mobile) chiara.carella[.]frost.com
 
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