Facility Management Market Projected to Reach USD 121.73 Billion By 2030
According to Custom Market Insights (CMI), The Global Facility Management Market size was estimated at USD 48.49 Billion in 2021 and is expected to hit around USD 121.73 Billion by 2030, poised to grow at a compound annual growth rate (CAGR) of 12.5 % from 2022 to 2030. Facility management is a professional management discipline aiming to provide efficient and effective delivery and logistics with other supportive services by intelligent people. The integration of the physical workplace with an organization’s people and work, including the tasks such as maintenance of equipment, planning, and spaces, and portfolio forecasting. Facility management basically ensures the functionality, comfort, safety, sustainability, and efficiency of the building and the surrounding infrastructure of the work. The facility management services include emergency preparation and business continuity, environmental sustainability, human aspects, communication, project managemen...