The computer aided facility management market size has grown strongly in recent years. It will grow from $1.05 billion in 2023 to $1.15 billion in 2024 at a compound annual growth rate (CAGR) of 9.2%. The growth observed in the historical period can be attributed to the adoption of building information modeling (BIM), heightened focus on sustainability and energy efficiency, a surge in demand for centralized facility management solutions, advancements in sensor technology and IoT devices, and an increasing necessity for compliance with regulations.
The computer aided facility management market size is expected to see strong growth in the next few years. It will grow to $1.66 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%. The anticipated growth in the forecast period is driven by the widespread adoption of artificial intelligence and machine learning technologies, the expansion of smart building initiatives, a surge in demand for cloud-based facility management solutions, a growing emphasis on remote monitoring and management capabilities, and the integration of augmented reality and virtual reality tools for facility management. Key trends expected in the forecast period include the emergence of predictive maintenance solutions, the implementation of blockchain for secure facility data management, the proliferation of mobile-first and user-friendly CAFM applications, the integration of Internet of Things (IoT) for real-time asset tracking, and a heightened focus on data analytics for informed decision-making in facility management.
The burgeoning popularity of virtual workplaces is poised to propel the computer-aided facility management market forward. Virtual workplaces, characterized by digital environments facilitating remote collaboration and work tasks, are increasingly favored for their flexibility and remote collaboration capabilities. CAFM systems play a pivotal role in enabling virtual workplace management, accessible remotely from any location with internet connectivity. This enables seamless collaboration and coordination of facility management tasks among stakeholders. For instance, data from the US Bureau of Labor Statistics in April 2023 indicates a notable increase in the percentage of establishments implementing telework, rising from 37.4% in 2021 to 42.2% in 2022. Consequently, the growing traction of virtual workplaces serves as a significant driver for the expansion of the computer-aided facility management market.
Leading players in the computer-aided facility management market are strategically focusing on developing AI-powered solutions to gain a competitive edge. Artificial intelligence (AI) technologies, encompassing machine learning, reasoning, and problem-solving capabilities, are leveraged to enhance operational efficiency and decision-making processes. For instance, in March 2024, Auberon Technologies Private Limited introduced Optima, a third-generation CAFM solution infused with AI-driven features. Optima's AI capabilities elevate asset, facility, and maintenance management by optimizing service delivery and enhancing customer satisfaction through meticulous service level agreement (SLA) tracking and management. This next-gen CAFM solution exemplifies the industry's commitment to harnessing AI for improved efficiency and performance in facility management operations.
In August 2021, MRI Software LLC, a leading real estate software solutions provider based in the United States, completed the acquisition of FSI Ltd for an undisclosed sum. This strategic move by MRI Software signifies a significant expansion of its solution portfolio and strengthens its capacity to cater to the needs of property owners, operators, and contractors with advanced technology for efficient facility management. FSI Ltd, headquartered in the United Kingdom, specializes in the design and development of computer-aided facilities management (CAFM) software solutions.
Major companies operating in the computer aided facility management (CAFM) market are International Business Machines Corporation, Schneider Electric SE, Fortive Corporation, Bentley Systems, Eptura, Brightly Inc., Planon Corporation, Focus Softnet Pvt. Ltd., Idox plc, ServiceChannel Inc., Ramco Systems Ltd., SelectHub, AssetWorks Inc., Verve Systems Private Limited, Facilities Management eXpress (FMX), eMaint Enterprises LLC., Fracttal Tech S.L, Updater Services Limited, CMMS Data Group Inc., VLogic Systems Inc., MicroMain Corporation, Velosi Asset Integrity Ltd., Cryotos Solutions Private Limited, eFacility Inc., MPulse Software Inc.
North America was the largest region in the computer aided facility management (CAFM) market in 2023. The regions covered in the computer aided facility management (CAFM) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the computer aided facility management (CAFM) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Computer-aided facility management (CAFM) entails utilizing software and technology to efficiently manage facility operations and maintenance. CAFM systems are tailored to streamline processes, boost efficiency, and elevate facility performance. The primary aim is to automate and centralize facility management tasks, encompassing buildings, infrastructure, and assets, ensuring their effective operation and upkeep.
The core components of CAFM include software and services, designed to optimize facility operations and maintenance processes. Deployment options range from on-premises to cloud-based solutions, catering to industries such as IT telecom, BFSI, manufacturing, energy, government, healthcare, retail, transportation, and others.
The computer-aided facility management (CAFM) market research report is one of a series of new reports that provides computer-aided facility management (CAFM) market statistics, including computer-aided facility management (CAFM) industry global market size, regional shares, competitors with computer-aided facility management (CAFM) market share, detailed computer-aided facility management (CAFM) market segments, market trends, and opportunities, and any further data you may need to thrive in the computer-aided facility management (CAFM) industry. This computer-aided facility management (CAFM) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The computer-aided facility management (CAFM) market consists of revenues earned by entities such as maintenance management, space planning, and asset tracking. The market value includes the value of related goods sold by the service provider or included within the service offering. The computer aided facility management market also includes sales of CAFM software, IoT sensors, and building management systems. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The computer aided facility management market size is expected to see strong growth in the next few years. It will grow to $1.66 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%. The anticipated growth in the forecast period is driven by the widespread adoption of artificial intelligence and machine learning technologies, the expansion of smart building initiatives, a surge in demand for cloud-based facility management solutions, a growing emphasis on remote monitoring and management capabilities, and the integration of augmented reality and virtual reality tools for facility management. Key trends expected in the forecast period include the emergence of predictive maintenance solutions, the implementation of blockchain for secure facility data management, the proliferation of mobile-first and user-friendly CAFM applications, the integration of Internet of Things (IoT) for real-time asset tracking, and a heightened focus on data analytics for informed decision-making in facility management.
The burgeoning popularity of virtual workplaces is poised to propel the computer-aided facility management market forward. Virtual workplaces, characterized by digital environments facilitating remote collaboration and work tasks, are increasingly favored for their flexibility and remote collaboration capabilities. CAFM systems play a pivotal role in enabling virtual workplace management, accessible remotely from any location with internet connectivity. This enables seamless collaboration and coordination of facility management tasks among stakeholders. For instance, data from the US Bureau of Labor Statistics in April 2023 indicates a notable increase in the percentage of establishments implementing telework, rising from 37.4% in 2021 to 42.2% in 2022. Consequently, the growing traction of virtual workplaces serves as a significant driver for the expansion of the computer-aided facility management market.
Leading players in the computer-aided facility management market are strategically focusing on developing AI-powered solutions to gain a competitive edge. Artificial intelligence (AI) technologies, encompassing machine learning, reasoning, and problem-solving capabilities, are leveraged to enhance operational efficiency and decision-making processes. For instance, in March 2024, Auberon Technologies Private Limited introduced Optima, a third-generation CAFM solution infused with AI-driven features. Optima's AI capabilities elevate asset, facility, and maintenance management by optimizing service delivery and enhancing customer satisfaction through meticulous service level agreement (SLA) tracking and management. This next-gen CAFM solution exemplifies the industry's commitment to harnessing AI for improved efficiency and performance in facility management operations.
In August 2021, MRI Software LLC, a leading real estate software solutions provider based in the United States, completed the acquisition of FSI Ltd for an undisclosed sum. This strategic move by MRI Software signifies a significant expansion of its solution portfolio and strengthens its capacity to cater to the needs of property owners, operators, and contractors with advanced technology for efficient facility management. FSI Ltd, headquartered in the United Kingdom, specializes in the design and development of computer-aided facilities management (CAFM) software solutions.
Major companies operating in the computer aided facility management (CAFM) market are International Business Machines Corporation, Schneider Electric SE, Fortive Corporation, Bentley Systems, Eptura, Brightly Inc., Planon Corporation, Focus Softnet Pvt. Ltd., Idox plc, ServiceChannel Inc., Ramco Systems Ltd., SelectHub, AssetWorks Inc., Verve Systems Private Limited, Facilities Management eXpress (FMX), eMaint Enterprises LLC., Fracttal Tech S.L, Updater Services Limited, CMMS Data Group Inc., VLogic Systems Inc., MicroMain Corporation, Velosi Asset Integrity Ltd., Cryotos Solutions Private Limited, eFacility Inc., MPulse Software Inc.
North America was the largest region in the computer aided facility management (CAFM) market in 2023. The regions covered in the computer aided facility management (CAFM) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the computer aided facility management (CAFM) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Computer-aided facility management (CAFM) entails utilizing software and technology to efficiently manage facility operations and maintenance. CAFM systems are tailored to streamline processes, boost efficiency, and elevate facility performance. The primary aim is to automate and centralize facility management tasks, encompassing buildings, infrastructure, and assets, ensuring their effective operation and upkeep.
The core components of CAFM include software and services, designed to optimize facility operations and maintenance processes. Deployment options range from on-premises to cloud-based solutions, catering to industries such as IT telecom, BFSI, manufacturing, energy, government, healthcare, retail, transportation, and others.
The computer-aided facility management (CAFM) market research report is one of a series of new reports that provides computer-aided facility management (CAFM) market statistics, including computer-aided facility management (CAFM) industry global market size, regional shares, competitors with computer-aided facility management (CAFM) market share, detailed computer-aided facility management (CAFM) market segments, market trends, and opportunities, and any further data you may need to thrive in the computer-aided facility management (CAFM) industry. This computer-aided facility management (CAFM) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The computer-aided facility management (CAFM) market consists of revenues earned by entities such as maintenance management, space planning, and asset tracking. The market value includes the value of related goods sold by the service provider or included within the service offering. The computer aided facility management market also includes sales of CAFM software, IoT sensors, and building management systems. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Computer Aided Facility Management (CAFM) Market Characteristics3. Computer Aided Facility Management (CAFM) Market Trends and Strategies32. Global Computer Aided Facility Management (CAFM) Market Competitive Benchmarking33. Global Computer Aided Facility Management (CAFM) Market Competitive Dashboard34. Key Mergers and Acquisitions in the Computer Aided Facility Management (CAFM) Market
4. Computer Aided Facility Management (CAFM) Market - Macro Economic Scenario
5. Global Computer Aided Facility Management (CAFM) Market Size and Growth
6. Computer Aided Facility Management (CAFM) Market Segmentation
7. Computer Aided Facility Management (CAFM) Market Regional and Country Analysis
8. Asia-Pacific Computer Aided Facility Management (CAFM) Market
9. China Computer Aided Facility Management (CAFM) Market
10. India Computer Aided Facility Management (CAFM) Market
11. Japan Computer Aided Facility Management (CAFM) Market
12. Australia Computer Aided Facility Management (CAFM) Market
13. Indonesia Computer Aided Facility Management (CAFM) Market
14. South Korea Computer Aided Facility Management (CAFM) Market
15. Western Europe Computer Aided Facility Management (CAFM) Market
16. UK Computer Aided Facility Management (CAFM) Market
17. Germany Computer Aided Facility Management (CAFM) Market
18. France Computer Aided Facility Management (CAFM) Market
19. Italy Computer Aided Facility Management (CAFM) Market
20. Spain Computer Aided Facility Management (CAFM) Market
21. Eastern Europe Computer Aided Facility Management (CAFM) Market
22. Russia Computer Aided Facility Management (CAFM) Market
23. North America Computer Aided Facility Management (CAFM) Market
24. USA Computer Aided Facility Management (CAFM) Market
25. Canada Computer Aided Facility Management (CAFM) Market
26. South America Computer Aided Facility Management (CAFM) Market
27. Brazil Computer Aided Facility Management (CAFM) Market
28. Middle East Computer Aided Facility Management (CAFM) Market
29. Africa Computer Aided Facility Management (CAFM) Market
30. Computer Aided Facility Management (CAFM) Market Competitive Landscape and Company Profiles
31. Computer Aided Facility Management (CAFM) Market Other Major and Innovative Companies
35. Computer Aided Facility Management (CAFM) Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Computer Aided Facility Management (CAFM) Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on computer aided facility management (CAFM) market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase:
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- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
- Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for computer aided facility management (CAFM) ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The computer aided facility management (CAFM) market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) by Component: Solution; Services2) by Deployment: on-Premises; Cloud
3) by Industry: IT and Telecom; Banking, Financial Services, and Insurance(BFSI); Manufacturing; Energy and Utilities; Government and Defense; Healthcare and Life Sciences; Retail and CPG; Transportation and Logistics; Other Industries
Key Companies Mentioned: International Business Machines Corporation; Schneider Electric SE; Fortive Corporation; Bentley Systems; Eptura
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- International Business Machines Corporation
- Schneider Electric SE
- Fortive Corporation
- Bentley Systems
- Eptura
- Brightly Inc.
- Planon Corporation
- Focus Softnet Pvt. Ltd.
- Idox plc
- ServiceChannel Inc.
- Ramco Systems Ltd.
- SelectHub
- AssetWorks Inc.
- Verve Systems Private Limited
- Facilities Management eXpress (FMX)
- eMaint Enterprises LLC.
- Fracttal Tech S.L
- Updater Services Limited
- CMMS Data Group Inc.
- VLogic Systems Inc.
- MicroMain Corporation
- Velosi Asset Integrity Ltd.
- Cryotos Solutions Private Limited
- eFacility Inc.
- MPulse Software Inc.
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | June 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 1.15 Billion |
Forecasted Market Value ( USD | $ 1.66 Billion |
Compound Annual Growth Rate | 9.7% |
Regions Covered | Global |