Facilities Support Services Market Characteristics
The facilities support services market consists of the 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.
Competitive Landscape of the Facilities Support Services Market
Major players in the global facilities support services market include Sodexo, Compass Group, ISS A/S, CBRE Group, Aramark.
Facilities Support Services Market Size
The facilities support services market size is expected to significantly grow at a high CAGR during the forecast period. The growth in the facilities support services market is due to the rapid urbanization and growing need of support by businesses.
However, the market for facilities support services is expected to face certain restraints from several factors such as technological risks and lack of skilled labour.
Facilities Support Services Market Segmentation
The global facilities support services market is further segmented based on type and geography.
By Type - The facilities support services market is segmented into maintenance services, security & guard services and reception services market.
By Geography - The global facilities support services industry is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the Asia-Pacific facilities support services market accounts for the largest share in the global facilities support services market.
Trends in the Facilities Support Services Market
Adoption of emerging technologies to recruit and integration with email platforms and maintaining candidate databases are the major trends witnessed in the facilities support services market.
Potential Opportunities in the Facilities Support Services Market
With emerging technologies and rapid economic growth, the scope and potential for the global facilities support services market is expected to significantly rise in the forecast period.
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