Facility Services Management Market in Middle East Size to grow by USD 50.1 billion between 2024-2028
According to a research report “ Facility Services Management Market in Middle East” by Service (Hard service, Soft service) Type (Outsourced, In-house) Geography (Middle East)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 50.1 billion, at a CAGR of 13.71% during the forecast period. The Middle East's facility services management market has experienced significant growth due to the surge in commercial construction activities over the past few years. End-user industries, including hospitality, are increasingly outsourcing non-core business functions to facility management vendors. Notably, the Middle East has witnessed a rapid expansion of commercial infrastructure in various sectors, such as transport, hospitality, entertainment, and healthcare, since 2022. This growth is driven by the strategic implementation of construction projects in countries like Saudi Arabia and Qatar, which have a long-term vision to enhance their commercial landscapes..
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By Service, the Hard service segment is projected to dominate the market size in 2024
The Facility Services Management Market in the Middle East is experiencing significant growth, driven by increasing infrastructure development and a focus on enhancing operational efficiency in various industries. Key services in demand include building maintenance, HVAC services, and integrated facility management solutions. Market leaders are leveraging advanced technologies such as IoT and AI to offer customized and cost-effective services to clients. The region's economic diversification and investment in sustainable infrastructure are expected to further fuel market expansion.
By Type, Outsourced segment is expected to hold the largest market size for the year 2024
The Facility Services Management Market in the Middle East is experiencing significant growth due to increasing infrastructure development and expanding business sectors. Key services in high demand include building maintenance, HVAC services, and integrated facility management solutions. Market leaders are leveraging advanced technologies such as IoT and AI to enhance service delivery and efficiency. The region's economic diversification and focus on sustainability further boost market potential.
Middle East is forecasted to hold the largest market size by region in 2024
The Facility Services Management Market in the Middle East is experiencing significant growth due to increasing infrastructure development and expanding economies. Key players in this sector include Sodexo, Aramco Services Company, and Dubai Facilities Management. These companies provide integrated services such as building maintenance, energy management, and catering to various industries, including construction, healthcare, and education. The market's future looks promising with ongoing public and private sector investments in infrastructure projects.
The Facility Services Management Market in Middle East growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
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Research Analysis Overview
The Facility Services Management Market in the Middle East is witnessing significant growth, driven by the increasing demand for quality control and assurance in the region's real estate sector. The Middle-income group-housing sector and freehold sectors are particular focus areas, with a strong emphasis on maintaining high standards of quality, environment, safety, health, and lifestyle. Qualitative maintenance of building fabric is crucial for the longevity of assets, and facility management companies are investing in training centers to upskill their workforce. Sustainability is also a key consideration, with a growing focus on implementing green initiatives and building management systems. Building owners and service providers are increasingly turning to advanced technologies such as AI, robotics, mobile solutions, and remote monitoring to enhance the efficiency and effectiveness of their facility management operations. The GCC region is at the forefront of this trend, with many countries investing in the development of sinking funds to support the adoption of these technologies. Construction rental rates in the Middle East are on the rise, making it essential for building owners to ensure the optimal performance of their assets. In-house departments and external service providers are collaborating to leverage computer-aided facility management solutions to streamline operations and improve overall building performance. In conclusion, the Facility Services Management Market in the Middle East is undergoing a digital transformation, with a focus on enhancing quality, sustainability, and efficiency in the region's real estate sector. The adoption of advanced technologies and a commitment to continuous improvement are key drivers of growth in this market.
Market Research Overview
The Facility Services Management Market in the Middle East is witnessing significant growth due to the increasing demand for sustainable solutions in reducing carbon-footprint and managing operating expenses in desert climates. Hydrocarbon-based economies in the region are investing heavily in infrastructure development, including port facilities, airports, roads, and power plants, leading to an increased need for facility services management. Service level management, quality control, and quality assurance are key focus areas for building owners and residents in the Middle-income group-housing sector and freehold sectors. Training centers are being established to enhance the skills of service providers in areas such as quality, environment, safety, health, and lifestyle. Qualitative maintenance of building fabric is crucial for the longevity of assets, and sustainability is becoming a priority. A sinking fund is being considered by many to prepare for asset replacement costs. Society's expectations for service providers to deliver efficient and effective services are driving the market. Large multi-service companies, consortia, and specialist contractors are partnering with in-house departments to provide comprehensive facility services management. Construction rental rates are on the rise, and technology is playing a significant role in the market with the use of AI, robotics, mobile solutions, and remote monitoring building management systems, and computer-aided facility management.
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