The global services to buildings and dwellings market size is expected to grow from $832.42 billion in 2021 to $938.85 billion in 2022 at a compound annual growth rate (CAGR) of 12.8%. The growth in the market 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 services to buildings and dwellings market is expected to reach $1445.06 billion in 2026 at a CAGR of 11.4%.
What is the Global Services to Buildings And Dwellings Market?
The services to building and dwellings market consists of sales of services to building and dwellings and related goods by entities (organizations, sole traders and partnerships) that provide building and dwellings services such as pest control, landscaping, cleaning, etc.
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What drives the Global Services to Buildings And Dwellings Market?
Companies providing services to buildings and dwellings are increasingly using IoT technology for easy monitoring and maintenance of the client sites. IoT helps facility mangers to monitor deficiencies in system, provides information about building and on-going process with help of video surveillance and motion sensors. With automation and control connected to a single device, and intra device communication, monitoring and finding issues in the client site becomes easy. IoT devices placed in buildings are programmed to raise red flags upon system failures and enables service providers to respond promptly avoiding major breakdowns. Amazon Web Services (AWS) introduced IoT device management and offers customized software development and systems for the same. This system makes it easy to register, organize, monitor, and remotely manage IoT devices at scale. In this setting, firms can register intra communication devices individually or in bulk, and manage permissions so that devices remain secure.
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Global Services to Buildings And Dwellings Market Segments
The global services to buildings and dwellings market is segmented:
By Type: Exterminating and Pest Control Services, Janitorial Services, Landscaping Services, Carpet and Upholstery Cleaning Services, Other Services to Buildings and Dwellings
By Mode: Online, Offline
By Application: Commercial, Industrial, Governmental, Institutional, Residential, Municipal
By Geography: The regions covered in the services to buildings and dwellings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Services to Buildings And Dwellings Global Market Report 2022provides market size and growth forecasts for the global services to buildings and dwellings market, global services to buildings and dwellings market share, services to buildings and dwellings market segments and geographies, services to buildings and dwellings market competitive landscape including leading competitors’ revenues, profiles and market shares. The services to buildings and dwellings market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Services to Buildings And Dwellings Industry Playersinclude ABM Industries Inc., Rentokil Initial, BrightView, Rollins, ServiceMaster, TruGreen, Mitie Group PLC, Davey Tree Expert Company, Vonovia SE and Chemed Corp. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
