The facility management software market revenue totaled USD 20,985.1 Million in 2023. The facility management software market is expected to reach USD 72,168.4 Million by 2033, growing at a CAGR of 12.0% for 2023 to 2033.
| Estimated year (2023) Market Value | USD 20,985.1 Million |
|---|---|
| Projected year (2033) Market Value | USD 72,168.4 Million |
| CAGR% (2023 to 2033) | 12.0% |
| Top 5 Vendor Market Share | Around 30% |
Facility management software helps organizations to manage the entire maintenance program. This software is basically designed to help businesses save money and time by efficiently managing their assets, buildings, and occupants. The software helps the facility managers to perform different range of functions which include repair & maintenance management, contractor sourcing and management, parts & supply management, asset management, settlement/payment processing, preventive a maintenance scheduling, work order fulfillment, proposal management, and data analytics. Facility management software accounts for around 45% market share in overall facility management market globally.
Furthermore, facility management software mainly features simplified work order management, software as a service (SaaS) platform, staffing support, spend analysis, third-party integrations, and others. There are two types of software available in the market for business use, which include integrated facility management software and standalone facility management software. The purpose of facility management is to make sure that the facility is fully operational, functional, and maintained.
| Market Statistics | Details |
|---|---|
| Jan–Jun (H1), 2021 (A) | 11.8% |
| Jul–Dec (H2), 2021 (A) | 12.2% |
| Jan–Jun (H1),2022 Projected (P) | 12.1% |
| Jan–Jun (H1),2022 Outlook (O) | 12.3% |
| Jul–Dec (H2), 2022 Outlook (O) | 12.6% |
| Jul–Dec (H2), 2022 Projected (P) | 12.4% |
| Jan–Jun (H1), 2023 Projected (P) | 12.5% |
| BPS Change : H1,2022 (O) - H1,2022 (P) | (+)20 |
| BPS Change : H1,2021 (O) - H1,2021 (A) | (+)50 |
| BPS Change: H2, 2022 (O) - H2, 2022 (P) | (+)20 |
| BPS Change: H2, 2021 (O) - H2, 2022 (A) | (+)40 |
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The facility management software market is estimated to rise at 12.0% CAGR between 2023 and 2033 in comparison with 9.5% CAGR registered during 2018 to 2022. This attributes to the growing adoption of cloud-based facility management software, increase in demand of integrated facility management software, and rise in adoption of AI and IoT in facility management software
North America region is expected to dominate the global facility management software market and expected to reach ~USD 13,047.5 Million by 2033 owing to presence of major facility management software providers and increase in latest technological breakthroughs in the region. Moreover, South Asia & Pacific region is expected to grow at highest CAGR of 17.0% during 2023 to 2033. By enterprise size, large enterprise segment is expected to show the largest market share in 2022. Moreover, SMEs segment is expected to grow at the highest CAGR of 12.7% during 2023 to 2033.
Increase in the technical advancements coupled with the emergence of mobile facility management software is the major factor boosting the market growth. Furthermore, growing focus on energy efficiency improvements and optimization processes are major factors for the growth of facility management software market. The global facility management software market is anticipating to witness an increase in revenue from USD 20,985.1 Million in 2023 to USD 72,168.4 Million by 2033.
North America region accounted to the major market share of 31.7% in 2022. The region is expected to grow by 2.0X during the forecast period. North America region is estimated to grow at a CAGR of 7.3% during the forecast period. North American market is anticipated to create an absolute dollar opportunity of USD 6,599.5 Million during 2023 to 2033.
Owing to the presence of major facility management software vendors coupled with the growing adoption of the emerging technologies are major factors boosting the market growth in North America. Due to the presence of economically advanced and well-established infrastructure countries like USA and Canada, there is huge demand for facility management software. In addition to this, BFSI and IT & telecom verticals are the early adopters, which is expected to contribute the significant market share.
| Country | BPS Change (H2'22 (O) - H2'22 (P)) |
|---|---|
| USA | (+)24 |
| United Kingdom | (+)23 |
| Germany | (+)22 |
| China | (+)25 |
| India | (+)23 |
Facility management software helps organizations to optimize their costs by automating manual processes and reducing inefficiencies in facilities management in the USA had changed BPS of (+)24 BPS units for H2’22(O)-H2’22(P). United Kingdom had a BPS change of (+)23 units because the software helps to streamline operations, improve communication between stakeholders, and reduce the time and resources required to manage facilities.
Germany saw a BPS change of (+)22 units due to facility management software providing real-time data and insights that can be used to make informed decisions regarding facilities management. With increased regulations and standards, facility management software helps organizations to comply with legal and safety requirements in the China market to help a BPS change of (+)25 units.
The software enables organizations to schedule, track and manage maintenance activities, ensuring that facilities are well-maintained and reducing downtime in India allowing the BPS change of (+)23 units.
USA to Remain Dominant Market in North America
The USA market is set to report the largest market share of facilities management software in North America region, and expected to grow at CAGR 7.7% during 2023 to 2033. USA market is anticipated to create an absolute dollar opportunity of USD 5,915.7 Million during 2023 to 2033.
The increasing popularity of outsourcing the facility management solutions is one of the major factor driving the market growth in the region. According to the FMI analysis, around 44% of the facilities management is outsourced in the USA Most of the organizations in USA are shifting towards the outsourcing trend due to its benefits offered, which include time and money savings, broader expertise, and staffing flexibility among others.
Furthermore, outsourcing of facility management is gaining importance in healthcare sector, as it allows healthcare professionals to focus on patient’s caring while also ensuring that the facility functioning is at optimal level. Therefore, these developments and trends are likely to spur the demand for facilities management software in the country.
Germany will be one of the prominent country in Europe region during forecasted period
Germany accounted the major market share in 2022 in the European facility management software market. Correspondingly, it is anticipated that Germany will grow with a considerable CAGR of 10.7% during 2023 to 2033, its market accounts for the largest consumption of facilities management software with the market value of USD 1,214.5 Million in 2022. Germany market is anticipated to create an absolute dollar opportunity of USD 2,139.2 Million during 2023 to 2033.
Rising urbanization coupled with growing industrialization is the major factor responsible for the market growth in the country. In Germany, the manufacturing segment accounted around 21% of revenue share in 2022.
The manufacturing units in Germany, to follow safety and securing protocols & rules, most of them outsource the maintenance of mechanical and electrical services which are aligned with guidelines of government. Manufacturing factories try to majorly focus on their core business therefore they adopt facility management software to improve their work efficiency and overall productivity.
Based on type, the facilities management software is segmented into integrated software and standalone software. Further, standalone software is segmented into sustainability and environment management, workplace and move management, maintenance management, security management, asset, property and real estate management, and others.
Among these, integrated software accounted the major market share in 2022 and is anticipated to continue the supremacy during the forecast period. The market size of integrated software segment is anticipated to grow by 3.3X during forecast period.
Moreover, the segment is set to register the highest growth at the rate of 12.8% CAGR during 2023 to 2033. Integrated software segment is anticipated to create an absolute dollar opportunity of USD 26,732.6 Million during 2023 to 2033.
Major advantages of adopting integrated facility management software include simplified processes and streamlined operations, enhanced operational efficiency, reduced cost, reduced complexity management, and improved service delivery, with better ability to share information, while driving continuous improvement.
Therefore, due to its offered benefits over standalone software, integrated facility management software is gaining importance across the globe, which in turn is boosting the market growth.
Based on enterprise size, the market segmented into SMEs and large enterprises. Among which large enterprises accounted for the highest market share in 2022. Moreover, market size of large enterprises segment is anticipated to expand up to 2.9X during 2023 to 2033.
Whereas, the SMEs segment is set to register the highest growth rate of around 12.7% during 2023 to 2033. SMEs segment is anticipated to create an absolute dollar opportunity of USD 21,704.9 Million during 2023 to 2033.
After the pandemic, most of the SMEs have accelerated their businesses by digital transformation processes.
Number of SMEs are increasing across the world and are more likely to be focused on strengthening their digital capabilities. Growing awareness of the benefits of facilities management software among the SMEs is the major factor for the segment to grow at the highest CAGR.
SMEs are adopting facility management software, as are result of this, there is a frequent usage of cloud-based software in their business operations. Due to a lack of authentication, some cloud-based software can be vulnerable.
SMEs are encouraged by various government initiatives to go digital, therefore, the demand for the facilities management software in SMEs is expected to rise in the near future.
Based on industry segment, the healthcare sector will be a dominating segment during the forecast period. The market size of healthcare segment is anticipated to expand up to 4.6X during 2023 to 2033.
Moreover, the segment is set to register the highest growth rate of 16.4% during 2023 to 2033. Healthcare segment is anticipated to create an absolute dollar opportunity of USD 13,196.3 Million during 2023 to 2033
Healthcare facilities operate 24/7 without exception, where the maintenance team ensures to offer healthcare facilities with high-quality patient care and ensures the facility is prepared for emergencies.
Facilities management software benefits the healthcare facility managers by offering improved patient satisfaction, optimized energy consumption, and meet regulatory requirements among others.
Therefore, growing technical advances results in increase in the demand for better healthcare facilities. Additionally, growing initiatives from government, which results in the need of integrated healthcare systems. These are some of the major key factors boosting the growth for global facility management software market in healthcare industry.
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Facility management software market players are concentrating on mergers and acquisitions and new product development. They are also focusing on the product innovation to bring a similar or greater level of expertise to enhance their presence in the market. Some of the key developments in the facilities management market are mentioned below:
| Attribute | Details |
|---|---|
| Market value in 2023 | USD 20,985.1 Million |
| Market CAGR 2023 to 2033 | 12.0% |
| Share of top 5 players | Around 30% |
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | USD Million for Value |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia & Pacific; and the Middle East & Africa |
| Key Countries Covered | USA, Canada, Germany, United Kingdom, France, Italy, Spain, Russia, China, Japan, South Korea, India, Malaysia, Indonesia, Singapore, Australia & New Zealand, GCC Countries, Turkey, North Africa and South Africa |
| Key Segments Covered | Deployment Mode, Type, Enterprise Size, Industry, and Region |
| Key Companies Profiled |
IBM; Broadcom (CA Technologies); Oracle Corporation; SAP SE; Archibus; Trimble; Accruent; Planon; FM:Systems; Ioffice |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
From 2018 to 2022, the market advanced at a CAGR of 9.5%.
The growth potential of the market is 12% through 2033.
The key market players are IBM, Broadcom (CA Technologies), and Oracle Corporation.
The market is valued at USD 20,985.1 million in 2023.
The market is poised to stay attractive, projecting USD 72,168.4 million by 2033.
North America region accounted for a market share of 31.7% in 2022.
Integrated software accounted for the a substantial shares in the market.
| Industry Estimated Size in 2024 | USD 1,131.20 million |
|---|---|
| Projected Industry Value in 2034 | USD 2,218.90 million |
| Value-based CAGR from 2024 to 2034 | 7.00% |
| Market Expected Value (2023) | USD 4.2 billion |
|---|---|
| Market Forecast Value (2033) | USD 12.2 billion |
| Market Expected CAGR (2023 to 2033) | 11.4% |
| Estimated Value (2023) | USD 1,636.3 Million |
|---|---|
| Projected Value (2033) | USD 4,215.1 Million |
| CAGR (2023 to 2033) | 9.1% |
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Facility Management Software Market
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