Facility Management:-The facility management market in Chile was witnesses in its increasing stage. In terms of revenue, the market has augmented at appositive double-digit CAGR during the forecast duration. This growth was helped by growing investor activities, the cost hold measures, extraordinary requirement from the several end-user segments, acceptance of the sustainable practices and technological advances, through the growing requirement for the commercial and industrial segment in the region, wherein the market players attained to the requirement of the consumers for both the hard services and soft services. The efficient growth of the construction industry, due to the government’s schedule with the respect to the improvement of the transport infrastructure, energy, and utilities coupled with the affordable housing and investments in the seaports, railways lines and special economic zones has fostered the requirement for the Facility Management Services Market in the region.
Facility Management Market Growth Rate that in the facility service market across the globe was witnesses to be moderately segmented along with the existence of several facility service merchants in the market. Moreover, on the basis of soft services, the cleaning services registered in terms of revenue during the forecast period followed by the security services. The growth in the residential, retail spaces and commercial had spiked the requirement for the cleaning services in the foremost and industrialized regions. Not only has this, in terms of revenue the electromechanical services sector registered during the forecasted period. These services involve a vertical transport system, UPS system, electrical power system, lighting systems, lift management and several others. Fire protection and security systems collectively apprehended the remaining revenue share in the forecasted period in the developed regions.
Furthermore, based on the services, the integrated facility services underwritten a foremost share in the terms of creating revenue for the industry in the review period and are widely required by retail and commercial private segments This was followed by the single and bundled facility management services in the recent past years.
Based on the research, it is predicted that in the market of facility management there are numerous key players which presently functioning more positively for leading the fastest market growth and registering the high value of revenue around the globe and in the respected regions while developing the productivity of the services, decreasing the cost, developing the technologies in the underdeveloped region, increasing the demand and delivering the better consumer satisfaction includes Contrack FM, Enova, EFS Facilities Management, IFMC - Apleona Group, Egypro-FME, CBRE, JLL, Qeema FM, G4S, Savills, ProService, Encorp Facility Management, Emdad Facility Management and Egypt Service, ISS, Jones Lang LaSalle (JLL),Sodexo, Coldwell Banker Richard Ellis (CBRE),Colliers, GrupoEulen,Grupo Facility, All Facility, Linkes Facility, Mancorp,Cushman and Wakefield,Aramark and several others.
In terms of revenue, the Facility Management Market Future Outlookanticipated that the market will increase at a positive CAGR during the review period due to the growth in the requirement for both soft and hard services that will be further increased widely owing to the great growth in the construction, healthcare and tourism across the globe. Therefore, in the coming years, it is anticipated that the market of facility management will increase around the globe with the wide amount of investment by the players for enlarge the enterprises.
Ankur Gupta, Head Marketing & Communications