Global Facilities Support Services Market Trends And Strategies Of Major Players In The Facilities Support Services Market 2021-2030
29 Jun, 2021
The facilities support services market consists of sales of facilities support services and related goods by entities (organizations, sole traders and partnerships) that provide operating staff to perform a combination of support services within a client’s facilities. Examples of facilities support services include janitorial, maintenance, trash disposal, guard and security, mail routing, reception, laundry, and related services to support operations within facilities.
Global Facilities Support Services Market Size And Drivers:
The global facilities support services market is expected to grow from $155.26 billion in 2020 to $170.77 billion in 2021 at a compound annual growth rate (CAGR) of 10%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $235.38 billion in 2025 at a CAGR of 8%. Rapid urbanization is the main driver of the market.
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Trends In The Global Facilities Support Services Market
Facilities support activities companies are increasingly using technology to effectively recruit and manage candidates. These technologies offer features such as passive activity tracking, integration with email platforms and maintaining candidate databases. This reduces recruitment time, improves placement quality, and strengthens relationship with clients. Recruitment analytics software also provides helpful business insights for staffing agencies. For example, in North America, 64% of firms use technologies such as an applicant tracking system (ATS) to track candidate activity and about 60% firms use a customer relationship management (CRM) system for business development.
Global Facilities Support Services Market Segments:
The global facilities support services market is further segmented based on type, mode and geography.
By Type: Maintenance Services, Security & Guard Services, Reception Services, Other Facilities Support Services
By Mode: Online, Offline
By Geography: The global facilities support services market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Western Europe is the largest region in the global facilities support services market, accounting for 35% of the market in 2020.
Read More On The Report For The Global Facilities Support Services Market At:https://www.thebusinessresearchcompany.com/report/facilities-support-services-global-market-report-2020-30-covid-19-impact-and-recovery
Facilities Support Services Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides facilities support services market overviews, analyzes and forecasts market size and growth for the global facilities support services market, facilities support services market share, facilities support services market players, facilities support services market segments and geographies, facilities support services market’s leading competitors’ revenues, profiles and market shares. The facilities support services market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.