Global Facility Management Market Overview, By MarketIntelReports 1 | Page 3

Maintenance management solutions to grow at the highest CAGR
The market, by solution, has been segmented into asset and inventory management,
workplace and relocation management, sustainability management, strategic planning and
project management, real estate and lease management, maintenance management and
others (space reservation and incident management). Maintenance management is
expected to witness the highest CAGR during the period 2016 to 2021. Maintenance
management solutions provide standardized tools that are powerful and consistent across
the business and can be used for planning, forecasting, and evaluating maintenance work
related to assets, equipment, properties, and any other related facilities. These benefits are
driving the market and are anticipated to help in propelling the facility management market
at the highest CAGR during the forecast period.
“Managed service market to grow at the highest rate during the forecast period”
The market, by service, has been segmented into consulting, integration and deployment,
and managed service. The managed service segment is expected to grow at the highest
CAGR over the forecast period owing to the rapid adoption of facility management solutions
in both small and medium businesses and large enterprises, which require third-party
assistance for integration, maintenance, and management of solutions.