According to a recently published TechSci Research report “United States Facility Management Market By Service, By Application, By Spending Pattern, Competition, Forecast & Opportunities, 2014-2024’’, United States facility management market is projected to reach $ 465 billion by 2024 on account of growing influence of foreign players in the real estate market in the United States, increasing demand for sustainable facility management solutions by utilizing optimum allocation of workforce and rising focus of the government on US services sector. Additionally, facility management service providers are outsourcing services, which is further anticipated to positively influence the country’s facility management market during forecast period. Some of the major companies operating in the market are Compass Group PLC, Sodexo, Inc., CBRE Group, Inc., etc.
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As of 2018, more than 600 organized players were engaged in providing facility management services in the United States. Among services, cleaning services account for the major share in the US facility management market owing to huge and growing real estate sector where cleaning services are mainly required in commercial as well as industrial establishments. South region is the major demand generator for facility management market in the country, due to high population and the presence of a large number of commercial, industrial and residential buildings in this region.
“Growing demand for cyber & information security management, increasing usage of integrated software to collect real time data and booming demand for integrated services is fuelling growth in United States facility management market. Moreover, rising inclination towards sustainable, energy efficient and effective waste management would further steer growth in the market over the coming years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
Browse 42 market data Tables and Figures spread through 82 Pages and an in-depth TOC on “US Facility Management Market”
“United States Facility Management Market By Service, By Application, By Spending Pattern, Competition, Forecast & Opportunities, 2014-2024” has evaluated the future growth potential of US facility management market and provides statistics and information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decision. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in US facility management market.