The TechSci Research report titled "United States Facility Management Market - By Region, Competition Forecast & Opportunities, 2018-2028" predicts a robust growth for the United States Facility Management Market from 2023-2028. Facility Management (FM) is a multidisciplinary profession that integrates people, processes, places, and technology to ensure the functionality, safety, comfort, and efficiency of the built environment. The responsibility of FMs is to maintain an organization's most valuable assets such as equipment, buildings, and environments that house personnel, inventory, and other operational elements that contribute to revenue.
The adoption of facilities management solutions in corporate, residential, and educational sectors is projected to increase over the forecast period, driven by the need to reduce operating costs and improve efficiency. The global facility management market is also being driven by the growing demand for disinfection, cleaning, spot sterilization, and workplace-specific disinfection standards, as well as the increasing popularity of Software-as-a-Service (SaaS) and cloud-based facility management solutions. The facility management market is further boosted by the rapid growth of the construction industry worldwide, which is being fueled by population growth and industrialization. Facility management software is widely used to reduce maintenance and management costs of various facilities and enhance convenience and safety for people.
The United States Facility Management Market has been categorized into various segments including service, type, industry, end user, and sectors. Services offered by the market include property, cleaning, security, support, catering, and others. End users are further classified as commercial, residential, industrial, and public sector, with the commercial segment expected to dominate the market during the projected period. This segment serves business purposes through the construction of new offices and industrial facilities, with service providers offering basic building infrastructure such as maintenance, cleaning, and repairs. The Northeastern United States has witnessed a surge in flexible workplaces with sustainable IT infrastructure, promoting the adoption of green technology. The use of sustainable detergents, chemicals, equipment, and technology has also led to the growth of the professional cleaning services segment.
Based on sectors, the market is segmented into education, healthcare, real estate, banking, hospitality, housing, and others. During the projected period, the healthcare segment is expected to dominate the market.. The healthcare system has developed into one of the major sectors due to the increasing number of patients and rising healthcare costs in the public and private sectors of the healthcare system. According to data released by the Centers for Medicare and Medicaid Services (CMS), US national health care spending is expected to reach nearly USD6.0 trillion by 2027. Healthcare spending is growing tremendously, with various facilities being developed in hospitals and clinics for the benefit of patients. In the United States, the healthcare industry (hospitals, nursing homes, etc.) is increasingly outsourcing facility management services to specialize third-party facility management providers. The number of Americans aged 65 and over is projected to nearly double from 52 million in 2018 to 95 million by 2060, rising from 16% to 23% of the total population. A higher percentage of older people in the population require more healthcare services than the young ones. Such issues can be handled efficiently using facility management services, which are expected to grow during the forecast period.
Browse over XX market data Figures spread through 70 Pages and an in-depth TOC on the "United States Facility Management Market"
Customers can also request for 10% free customization on this report.
Key market players in the United States Facility Management Market: -
- CBRE Group, Inc.
- Cushman & Wakefield plc
- Sodexo, Inc.
- Jones Lang LaSalle Incorporated
- Emeric Facility Services
- ISS Facility Services, Inc.
- Guardian Service Industries, Inc.
- SMI Facility Services
- Shine Management & Facility Services
- AHI Facility Services, Inc
"The United States shows potential with its infrastructure with several government initiatives & projects. As the US is set to host the two most important global sporting events during the forecast period, one being 2028 summer Olympics and other one being FIFA 2026 world cup, the FM market is set to have a ton of projects. Healthcare has always been a key issue in the country and any additional initiative will only boom the industry," said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“United States Facility Management Market By Service (Property, Cleaning, Security, Support, Catering & Others), By Type (Hard Services and Soft Services), By Industry (Organized, Unorganized), By End User (Commercial, Residential, Industrial, Public Sector), By Sectors (Education, Healthcare, Real Estate, Banking, Hospitality, Housing, Others) By Region, Competition Forecast & Opportunities, 2018-2028,” has evaluated the future growth potential of United States Facility Management Market and provides statistics & 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 decisions. Besides the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities United States Facility Management Market.
About TechSci Research:
TechSci Research is a research based management consulting firm providing market research and advisory solutions to its customers worldwide, spanning a range of industries. TechSci Research’s core values are value, integrity and insight. Led by a team of dynamic industry experts, TechSci Research provides its customers with high value market research and advisory services that helps them identify new market opportunities, growth engines and innovative ways to capture the market share. As a result, TechSci’s client leads rather than follow market trends. Not bound by legacy, TechSci’s cutting-edge research model leverages its decades of research knowledge and an increased use of technology as engines of innovation to deliver unique research value. Provided as an alternative to traditional market research, TechSci Research reports do not just deliver data and knowledge rather highlights the insights in a more usable and interactive format for its clients.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Comments