Global Facility Management Software Market Size By Offering (Solutions, Services), By Deployment Mode (On-Premises, Cloud-based), By End User (IT and Telecom, Banking, Financial Services, and Insurance (BFSI)), By Geographic Scope And Forecast

Facility Management Software Market Size And Forecast

Facility Management Software Market size was valued at USD 2.37 Billion in 2024 and is projected to reach USD 4.49 Billion by 2031, growing at a CAGR of 13.37% from 2024 to 2031.

The increasing focus of governments across several countries on investing in infrastructure development, particularly in the construction of railways, ports, airports, and many other infrastructural things is driving the growth of the Facility Management Software Market. Also, numerous collaborations with multiple private contractors and various government projects with international players are expected to fuel the growth of the Facility Management Software Market. The Global Facility Management Software Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Facility Management Software Market Definition

Facility Management provides a range of disciplines and services to ensure the functionality, safety, comfort, and efficiency of the built environment such as infrastructure, buildings ad ground, and real estate. Facility Management includes various parameters such as Operations and maintenance, Communications management, Emergency management, and business continuity, Environmental stewardship and sustainability Project management, Real estate and property management, Hospitality and Human factors, and ergonomics.

Facility Management is basically divided into two areas, Hard Facility management (Hard FM) and Soft Facility management (Soft FM). Hard facility management deals with physical assets which include heating and cooling, elevators and plumbing whereas, soft facility management deals with tasks performed by people such as lease accounting, catering, security, groundskeeping, and custodial services. Facility management software helps an organization manage the complete repair and maintenance work through a web-based panel. The software is designed to help enterprises save time and cost and manage the building premises efficiently and effectively.

The solution helps ensure productivity, safety, comfort & convenience, and cost-effective operations through the seamless integration of all functionalities in real time. Earlier, facility managers struggled to manage the needs of the organization and incurred high costs for energy, maintenance, and security. Facility managers, therefore, sought ways to streamline their facility management operations due to these challenges. Today, facility managers can smoothly manage various facilities using facility management software that is available in the market.

Global Facility Management Software Market Overview

The increasing focus of governments across several countries on investing in infrastructure development, particularly in the construction of railways, ports, airports, and many other infrastructural things is driving the growth of the Facility Management Software Market. Also, numerous collaborations with multiple private contractors and various government projects with international players are expected to fuel the growth of the market.

However, many businesses are still adopting , some have not yet adopted it, and lack of understanding regarding technology and lack of managerial awareness, and standards are anticipated to hamper the growth of the Facility Management Software Market. The problem originates from a lack of understanding and adopting prerequisite technologies. Many businesses are still adopting systems and have not adopted an IoT ecosystem yet. In addition, their transition from conventional office layouts to a modern setup is still in its infancy.

Despite facility management being an important part of operations, enterprises are unaware of the evolving solutions. This has made it a complex task for organizations to give equal importance to their facility management department without hindering the core business processes. Another problem that arises, particularly in multiple-building facilities, is the lack of standardization. When failures occur, prompt actions are required to maintain access and ensure security.

Global Facility Management Software Market Segmentation Analysis

The Global Facility Management Software Market is segmented on the basis of Offering, Deployment Mode, End User, and Geography.

Facility Management Software Market, By Offering

• Solutions
• Services

To Get Summarized Market Report By Offering-

Based on Offering, The market is segmented into Solutions and Services. The solutions segment is further subdivided as IWMS, BIM, Facility Operations and Security Management, Facility Environment Management, and Facility Property Management and the service segment is further sub-segmented into Professional Services and Managed Services. Among this whole segmentation, the solution segment is expected to hold the largest share of the market. The effective facility management solution, which will enable the management of all facility management processes such as lighting, HVAC, security, emergency and incident, sustainability, waste, and others, is attributed to the segment’s growth.

Facility Management Software Market, By Deployment Mode

• On-Premises
• Cloud-based

Based on Deployment Mode, The market is segmented into On-Premises and Cloud-based. The cloud-based segment is anticipated to exhibit faster growth as compared to on-premises. The segment growth can be attributed to growing consumer inclination towards the adoption of digital media, the emergence and popularity of and , along with several benefits offered by cloud deployments. The companies can either operate on private, public, or hybrid cloud networks.

Facility Management Software Market, By End User

• IT and Telecom
• Banking, Financial Services, and Insurance (BFSI)
• Government and Public Administration
• Healthcare
• Education
• Others

Based on End User, The market is segmented into IT and Telecom, Banking, Financial Services, and Insurance (BFSI), Government and Public Administration, Healthcare, Education, and Others. The growth of facility management software in the IT and Telecom industry can be attributed to the widespread benefits associated with it.

The software enables staff and operations, leading to a higher standard of work. This higher standard of work results in everything from higher revenues to cost savings. It provides more affordable facilities, as well as better budgeting for upkeep and maintenance, better accessibility and versatility to facilitate business growth, improved transparency in business operations and activities as well as secure and reliable facilities that encourage accessibility

Facility Management Software Market, By Geography

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

To Get Summarized Market Report By Geography- 

On the basis of Regional Analysis, The Global Facility Management Software Market is classified into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America possesses the largest share of the market. Rapidly flourishing healthcare and telecom industries, the strong presence of facility management software developing companies in countries such as the U.S. and Canada along with cloud-based deployments are factors propelling the market growth in the region.

The telecommunications industry in the U.S. is one of the most well-developed and advanced markets across the globe. Some of the leading and prominent players in the telecom industry have a strong foothold in the country which include AT&T, Verizon, T-Mobile US, and Lumentum Holdings among others. These players are continuously investing in R&D activities related to technological advancements and product innovation.

Key Players

The “Global Facility Management Software Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are IBM Corporation, Oracle Corporation, SAP SE, Broadcom, Archibus, Trimble Inc., MRI Software LLC, Upkeep Maintenance Management, Nuvolo, Facilio, Service Channel, Infraspeak, Gofmx, Accruent, Planon, FMSystems, zLink Inc., QuickFMS, OfficeSpace Software Inc., and Ioffice.

The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• On May 2020, Oracle partnered with Propre Japan Inc. to help Propre Japan Inc. innovate Propre’s real estate big data platform for 17 countries around the world. This partnership would aid Oracle in expanding its customer base.
• On June 2020, SAP partnered with Honeywell to create a joint cloud-based solution to improve building performance. The key will be built with the Honeywell Forge enterprise performance management solution and the SAP Cloud Platform. Customers would benefit from building performance optimization, such as a lower carbon footprint and lower energy costs, as well as an improved tenant experience, thanks to the solution.
• On June 2020, Sodexo partnered with Bureau Veritas to introduce a hygiene verification label for Sodexo services that gives quality assurance to consumers. This partnership includes on-site facility management and catering services.
• On April 2020, Koch Industries, Inc. completed the acquisition of the remaining portion of Infor from Golden Gate Capital. It implemented Infor solutions across its businesses in enterprise resource planning, human resources, supply chain, asset management, and finance.
• On April 2021, MRI Software acquired Trimble. Trimble’s Manhattan Real Estate and Workplace Solutions were acquired by MRI Software.
• On July 2021, Fortive acquired ServiceChannel. ServiceChannel is a leading provider of multi-site SaaS solutions. Along with Accruent and Gordian, it expanded Fortive’s offering of Facility and Asset Lifecycle workflow solutions.

Report Scope