Facility Management Market in UK Size to grow by USD 19.6 billion between 2024-2028
According to a research report “ Facility Management Market in UK” by Type (Soft facility management, Hard facility management) End-user (Commercial, Government, Residential) Geography (Europe)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 19.6 billion, at a CAGR of 4.6% during the forecast period. In the UK facility management market, the trend towards technologically advanced, modern solutions has resulted in a substantial increase in the availability of cloud computing options. These cloud-based solutions facilitate the integration of facilities management services by providing a dependable platform for hosting facilities management software. By employing cloud technology, businesses can enhance security and collaboration among their teams and subsidiaries situated in various locations, ultimately reducing operational expenses. Cloud-based facilities management solutions offer several benefits, including secure data hosting, improved security, scalability, and quicker disaster recovery.
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By Type, the Soft facility management segment is projected to dominate the market size in 2024
The commercial sector is a significant contributor to the UK's facility management market, driven by the demand from various industries including business services, IT, industrial and manufacturing, real estate, and healthcare. The increasing number of multinational corporations and small to medium businesses necessitates the expansion of commercial office spaces in the country. This trend is anticipated to fuel the demand for facility management services in the UK over the forecast period. Office buildings dominate the market share due to the growing preference for secure, convenient, and efficient work environments.
By End-user, Commercial segment is expected to hold the largest market size for the year 2024
The soft services segment holds a substantial share in the UK's facility management market, driven primarily by their cost-effectiveness in comparison to hard services. The minimal technical expertise needed to deliver soft services allows new vendors to enter the market, achieving economies of scale. Soft services encompass essential offerings such as cleaning, transportation (fleet management and goods delivery), catering, and security. The expansion of the UK's facility management soft services sector is underpinned by the increasing demand for services like housekeeping, pest control, landscaping, and waste management.
Europe is forecasted to hold the largest market size by region in 2024
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The Facility Management Market in UK 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 Management market in the UK is a dynamic and evolving industry, encompassing both Hard FM (physical assets and building maintenance) and Soft FM (services such as cleaning, security, and catering). Organisations in the UK are increasingly turning to outsourced solutions for their facility management needs, with companies like JLL, Apogee Corporation, Apleona, Sodexo, and Infraspeak leading the way in providing innovative solutions. The use of technology is transforming the industry, with Building Information Modelling (BIM), Data analytics, Artificial Intelligence (AI), and the Internet of Things (IoT) becoming increasingly important. These technologies enable energy conservation, sustainability, and energy efficiency in buildings, which are key priorities for organisations. The UK's Construction industry contributes significantly to the country's Gross Value Added (GVA), and the Facility Management sector plays a crucial role in maintaining the physical assets and infrastructure. The Royal Institution of Chartered Surveyors (RICS) and Building Owners and Managers Association (BOMA) are key industry bodies driving best practices and standards. The Business and Energy Industrial Strategy (BEIS) is also supporting the sector's growth through initiatives like the Energy Technology List and the Green Business Fund. IoT-based facility management solutions, such as those offered by Infraspeak, are revolutionising the industry by providing real-time data and insights, enabling proactive maintenance and reducing downtime. With a focus on sustainability and energy efficiency, the future of the Facility Management market in the UK looks bright.
Market Research Overview
The Facility Management market in the UK is a dynamic and evolving sector, encompassing a range of customised services for various industries and sectors. Key areas include industrial sites, schools, hospitals, corporate offices, client locations, and commercial properties. With expansion plans, acquisitions, and mergers in the infrastructure and institutional sectors, the demand for Facility Management services continues to grow. Soft FM and Hard FM services are often outsourced or provided in-house, with a focus on Data analytics, Building Information Modelling, Artificial Intelligence, and the Internet of Things (IoT) to optimise energy conservation, sustainability, and energy efficiency. Real estate organisations manage the operations of buildings and physical assets using advanced technologies, including Infraspeak, JLL, Apogee Corporation, and IoT-based facilities. The sector also includes contract foodservice, grounds maintenance, repairs, maintenance, housekeeping, energy, space usage, and visitor and worker management. Key players in the market include RICS, Apleona, Sodexo, BOMA, and BEIS, among others. The UK Facility Management market is expected to continue its growth trajectory, driven by the increasing importance of energy management, sustainability, and the integration of technology in operations. Construction and the Gross Value Added (GVA) of the sector are also key indicators of its economic impact.
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