The soft services facilities management market has shown strong growth in recent years, increasing from $541.75 billion in 2023 to $587.95 billion in 2024, with a compound annual growth rate (CAGR) of 8.5%. This growth is attributed to cost reduction pressures, globalization, increasingly stringent health, safety, and environmental regulations, economic expansion, and improved service quality expectations. The market is expected to continue expanding, reaching $850.91 billion by 2028, at a CAGR of 8.7%. This anticipated growth will be driven by the increasing complexity of facilities management needs, rising demand for integrated service solutions, and advancements in technology and service delivery methods.
Global Soft Services Facilities Management Market Key Driver
The high rate of infrastructure development is expected to drive the growth of the soft services facilities management market. This growth is fueled by increased government investments and public-private partnerships aimed at economic development and urban modernization. Soft services facilities management ensures the maintenance, cleanliness, security, and overall functionality of construction sites and completed projects. The Office for National Statistics reported that annual construction new orders rose from $92,997 million in 2021 to $103,580 million in 2022. The soft services facilities management market, valued at $8 billion in 2023, is anticipated to expand to $10 billion in 2024 and reach $15 billion by 2028, driven by the robust infrastructure development.
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Global Soft Services Facilities Management Market Segments
The soft services facilities management market covered in this report is segmented –
1) By Type: Office Support And Landscaping Services, Cleaning Services, Catering Services, Security Services, Other Soft Facilities Management (FM) Services
2) By Service Type: In-house, Outsourcing
3) By End User: Commercial, Institutional, Public Or Infrastructure, Industrial, Other End Users
By Geography:The regions covered in the soft services facilities management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Asia-Pacific was the largest region in the soft services facilities management market in 2023.
Major Soft Services Facilities Management Industry Players
Compass Group, CBRE Group, Johnson Controls International plc, Sodexo S.A, Jones Lang LaSalle Incorporated, G4S Secure Solutions, Allied Universal, Aramark, OCS Group, Ecolab Inc., Securitas AB, ISS World, EMCOR Group Inc., Updater Services (UDS), Cushman And Wakefield plc., Cintas Corporation, Mitie Group, Apleona HSG, Tenon Group, Continuum Services, Camelot Facility Solutions, Knight Facilities Management Inc., Entire Facilities Management, Spotless Group Holdings Limited, BESIX Group
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Soft Services Facilities Management Market Overview
Soft services facilities management involves the management and delivery of non-technical services within a facility, focusing on enhancing the comfort, cleanliness, and aesthetics of the environment. This non-technical support service and other support functions contribute to the overall well-being and operational efficiency of the facility.
Soft Services Facilities Management Global Market Report 2023 provides data on the global soft services facilities management market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The soft services facilities management market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
