How Has the Computer Aided Facility Management (CAFM) Market Evolved Historically and What is its Current Size?
The computer aided facility management (cafm) market has seen considerable growth due to a variety of factors.
• The computer-aided facility management (CAFM) market has seen solid growth in recent years. It will rise from $1.15 billion in 2024 to $1.26 billion in 2025, reflecting a compound annual growth rate (CAGR) of 9.9%.
This growth is attributed to the integration of building information modeling (BIM), the growing emphasis on sustainability and energy efficiency, demand for centralized facility management solutions, technological advancements in IoT and sensor devices, and increased compliance with regulatory requirements.
What Does Future Hold for The Computer Aided Facility Management (CAFM) Market By 2029?
The computer aided facility management (cafm) market is expected to maintain its strong growth trajectory in upcoming years.
• The computer aided facility management (CAFM) market is expected to reach $1.82 billion by 2029, growing at a CAGR of 9.6%.
The growth is driven by AI/ML adoption, smart building initiatives, demand for cloud-based solutions, remote monitoring, and augmented reality integration. Trends include predictive maintenance, blockchain for data management, mobile-first CAFM apps, and IoT for asset tracking.
What Are The Primary Growth Drivers In The Computer Aided Facility Management (CAFM) Market?
The rise in virtual workplaces is expected to drive growth in the computer-aided facility management market. Virtual workplaces, which are digital spaces where employees collaborate and work remotely, are becoming more popular due to the demand for flexible work arrangements and remote collaboration tools. CAFM systems, which are accessible from any location with an internet connection, enable seamless coordination among facility managers and stakeholders. For instance, in April 2023, the US Bureau of Labor Statistics reported an increase in teleworking establishments, with 42.2% of employees teleworking full-time in 2022, up from 37.4% in 2021. As virtual workplaces become more common, they are fueling the growth of the CAFM market.
What Is The Segmentation Of The Global Computer Aided Facility Management (CAFM) Market?
The computer aided facility management (CAFM) market covered in this report is segmented –
1) By Component: Solution, Services
2) 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
Subsegments:
1) By Solution: Facility Management Software, Maintenance Management Solutions, Space Management Solutions, Asset Management Solutions, Energy Management Solutions, Workplace Management Solutions, Real Estate Management Solutions, Integrated Building Management Systems (Bms)
2) By Services: Consulting Services, Implementation And Integration Services, Training And Support Services, Managed Services, System Customization Services, Cloud Hosting And Saas Solutions, Data Analytics And Reporting Services
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What Trends Are Shaping The Computer Aided Facility Management (CAFM) Market?
Companies in the computer-aided facility management market are integrating artificial intelligence to enhance operational efficiency and decision-making. AI technologies enable better service delivery and streamlined facility management. For example, in March 2024, Auberon Technologies Private Limited, an India-based company, launched Optima, a third-generation computer-aided facility management solution. This AI-driven platform optimizes service delivery, tracks service levels, and enhances customer satisfaction through precise service management.
Who Are the Key Players In The Computer Aided Facility Management (CAFM) Market?
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.
What Are The Regional Insights Into The Computer Aided Facility Management (CAFM) Market?
North America was the largest region in the computer aided facility management (CAFM) market in 2024. 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.
