Global Facility Management Market Overview, 2024-29 [Yahoo! Finance]
International Business Machines Corporation (IBM)
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Source: Yahoo! Finance
Global Facility Management market is anticipated to cross USD 95 Billion by 2029, increasing from USD 57.43 Billion in 2023. The market is expected to grow with 9.54% CAGR by 2024-29. In addition to technological developments, sustainability has emerged as a critical focus area for driving innovation and investment in the worldwide facility management business. Clients are increasingly concerned about climate change, resource scarcity, and environmental effects; thus, they are looking for sustainable facility management solutions that reduce energy usage, carbon emissions, water consumption, and promote green building practices. The global facility management (FM) industry is at the forefront of designing modern urban settings by guaranteeing the smooth operation and maintenance of built infrastructure across several industries around the world. Urbanization, population growth, technological improvements, regulatory requirements, and sustainability goals all contribute to an incr
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