Free press releases distribution network?

Agency / Source: Frost & Sullivan

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!



Cost Savings Drive End Users in Europe to Embrace Integrated Facilities Management Finds Frost & Sullivan - Although the integrated facilities management (IFM) market is growing, the extent to which end users are embracing the concept of IFM varies significantly by region and vertical
Cost Savings Drive End Users in Europe to Embrace Integrated Facilities Management Finds Frost & Sullivan

 

PRZOOM - /newswire/ - London, United Kingdom, 2010/05/04 - Although the integrated facilities management (IFM) market is growing, the extent to which end users are embracing the concept of IFM varies significantly by region and vertical.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Construction/Architecture/Infra Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

As such, while IFM is already widely adopted among large office sites of international corporations across Europe, it is still in an initial stage in various public sector markets. Common to all end users, the main appeal of switching to IFM lies in the promise of further cost savings. IFM providers that can leverage synergies from the integration of services to help reduce administration, create economies of scale and ultimately provide cost savings to the client's organisation, will benefit from the rising demand for single contact solutions across all the end-user verticals.

New analysis from Frost & Sullivan (buildingtechnologies.frost.com), European IFM Market: Opportunity Analysis by Vertical Customer Sector, finds that the market earned revenues of €11.6 billion in 2008 and estimates this to reach €17 billion in 2015. The end users covered in this research are the public sector, which includes healthcare, education, government and semi-public institutions, as well as the private sector that covers commercial offices, financial services and manufacturing.

"While the government is currently investing in the public sector to mitigate the impact of the economic downturn, debts are mounting and cost pressures will drive the public sector to save wherever possible by adopting outsourcing in the medium and long-term," says Frost & Sullivan Industry Analyst Michael Meyer. "The private sector is quicker to react to the economic slump than the public sector."

Real estate management and facility management have gained greater importance in the boardrooms, especially of financial companies. Cost-saving measures like further outsourcing and tendering for combined services are benefiting the IFM market and cushioning the impact of reduced costs in discretionary spending.

Although the growth of the private sector in the IFM market has been affected by smaller contracts and the economic crisis, it will continue to grow in the long term. During the economic downturn, the growth of the public sector in the IFM market was sustained due to continued spending. Medium- and long-term growth is due to a constantly increasing propensity to outsource as a solution for dealing with amassing debts in the public sector.

However, the United Kingdom's private sector in the IFM market has been maturing for some time, and the challenge for all IFM participants is to reach a balance between being competitive and achieving minimum margins. In the current economic crisis, this challenge has become significant as IFM providers are accommodating requests to reduce spending on services that are seen as discretionary, to avoid risking long-term partnerships with their clients.

The increasing demand for value-added services will continue to drive service integration, especially where synergies with other services can be demonstrated. This is particularly relevant for environmental services as end users demand that their facility managers should also function as their sustainability managers.

"The drive towards energy efficiency offers opportunities for IFM providers with capabilities in environmental services and a way to differentiate their service offer," concludes Meyer.

If you are interested in more information on this study, please send an email to Chiara Carella, Corporate Communications, at chiara.carella[.]frost.com, with your full name, company name, title, telephone number, company email address, company website, city, state and country.

European IFM Market: Opportunity Analysis by Vertical Customer Sector is part of the Building Management Technologies Growth Partnership Services programme, which also includes research in the following markets: Growth Opportunities in the European I-FM Market (2009), European Facility Management Markets: Impact on Growth of Integration and Globalization (2009), Opportunities for Smart Buildings in Europe (2009), and Integrated Facility Management (I-FM) – Customers' Opinions in the Hospital Sector in Europe (2008). All research services 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, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best-practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from 40 offices on six continents.

European IFM Market: Opportunity Analysis by Vertical Customer Sector / M4E7

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Construction/Architecture/Infra Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Agency / Source: Frost & Sullivan

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick PRZOOM - Press & Newswire Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Construction/Architecture/Infra articles,
CATCH Visitors via Your Competitors Announcements!


Cost Savings Drive End Users in Europe to Embrace Integrated Facilities Management Finds Frost & Sullivan

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name PRZOOM - Press & Newswire and LINK as the source.
 
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
Frost & Sullivan |
Contact: Chiara Carella 
+44 (0) 20 7343 8314 chiara.carella[.]frost.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Frost & Sullivan securities in any jurisdiction including any other companies listed or named in this release.

Construction/Architecture/Infra via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!




Read Latest Press Releases From Frost & Sullivan / Company Profile


Read Construction/Architecture/Infra Most Recent Related Press Releases:

PCL Construction Wins Five Top Projects Awards
CIMIC Investment, HLG Awarded A$215M Project in Qatar
CIMIC's CPB Contractors Wins Water Treatment Plant
Business of Design Week 2016 Architects Drafting the Future City
CIMIC's Thiess Awarded Contract Expansion & Extension At Melak
Major Step in Unique Engineering Project as Chernobyl Arch Slides into Place
CIMIC’S CPB Contractors Wins Amberley Base Upgrade Project
VINCI Airports, the Caisse Des Dépôts and Crédit Agricole Assurances Finalise the Acquisition of 60% of Aéroports de Lyon
CIMIC Investment, HLG Awarded AED490m Project in Dubai
PCL Construction Recognized for Building One of America’s Top Roads

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
 
NewswireToday Celebrates 10 Years in Business
Find business coaching, life coaching, executive coaching and corporate coaching, best selling coaching books, ...



PREMIUM Members


Visit  BizJobs.com

Visit  La Bella Bakery Artisan Bakery Arizona

Visit  NAKIVO, Inc.







 
  ©2016 PRZOOM — Limelon Advertising, Co.
Home | About PRZOOM | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneur newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today