Facility Management Services Global Market Report 2023 – By Service Type (Hard Services, Soft Services, Other Services), By Component (Solutions, Services), By Deployment Mode (Cloud, On-premises), By Organization (Size Small and Medium Enterprises (SMEs), Large Enterprise), By Industry Vertical (Healthcare, Government, Education, Military And Defense, Real Estate, Other Industry Verticals) – Market Size, Trends, And Market Forecast 2023-2032

Infrastructure as a Service (IaaS) is a cloud-based computing service that provides enterprises with lease servers for remote computing and storage applications. The main types of infrastructure as a service (IaaS) are public cloud, private cloud, hybrid cloud. The public cloud the service provider offers solutions over the public Internet and shared across organizations, while clients use or purchase them on a subscription or a pay-per-usage model. The various industry for IaaS are banking, financial services, and insurance (BFSI), government and education, healthcare, IT and telecom, retail, manufacturing, media and entertainment and others and operations are rechargeable and non-rechargeable. The IaaS are applied in managed hosting, storage as a service, disaster recovery as a service and backup, compute as a service (CaaS), network as a service (NaaS), content delivery services, and high-performance computing as a service (HPcaaS). It is mainly used by small and medium enterprises (SMEs) and large enterprises. The global infrastructure as a service (IaaS) market is segmented - 1) By Deployment Type: Public Cloud, Private Cloud, Hybrid Cloud 2) By Application: Managed Hosting, Storage As A Service, Disaster Recovery As A Service And Backup, Compute As A Service (CaaS), Network As A Service (NaaS), Content Delivery Services, High-Performance Computing As A Service (HPcaaS) 3) By End User: Small And Medium Enterprises (SMEs), Large Enterprises 4) By Industry Vertical: Banking, Financial Services, And Insurance (BFSI), Government And Education, Healthcare, IT And Telecom, Retail, Manufacturing, Media And Entertainment, Other Industry Verticals 5) By Operation: Rechargeable, Non-Rechargeable The global infrastructure as a service (iaas) market size will grow from $81.16 billion in 2022 to $96.93 billion in 2023 at a compound annual growth rate (CAGR) of 19.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global infrastructure as a service (iaas) market is expected to grow to $189.52 billion in 2027 at a CAGR of 18.2%. Rise in cloud adoption across several industry verticals such as banking, financial services and insurance (BFSI), government and education, healthcare, IT and telecom, retail, manufacturing, media and entertainment, and more at a rapid pace is expected to propel the market growth of infrastructure as a service market during the forecast period. Several industries are adopting IaaS owing to benefits such as low cost and improved reliability and scalability. The banking sector is one such where a higher rate of Iaas adoption is witnessed due to the substantial benefits of cloud computing, including data analytics, AI-driven analytics with the machine and deep learning algorithms, agility, and scale. Cloud computing allows banking organizations to make changes and add new functionality quickly. In 2019, according to the Right Scale’s annual State of the Cloud Report, around 94% of enterprises use cloud services among which most enterprises utilize both public and private cloud services, the public cloud was used by 91% of businesses, the private cloud was used by 72%, and hybrid cloud solution was used by 69%. By 2020, 83% of enterprise workloads will be in the cloud. Many organizations expect to increase their cloud spending budget by almost 50%. Thus, the rise in cloud services adoption due to the benefits they offer across various industry verticals is majorly driving the infrastructure as a service market growth. Major players in the infrastructure as a service (IaaS) market are Amazon Web Services Inc., Microsoft Corporation, International Business Machines Corporation (IBM), VMware Inc., Fujitsu Limited, Google Inc., Cisco System Inc., Oracle Corporation, Alibaba Group Holding Limited, Red Hat Inc., ProfitBrick, RedcentricPLC., Savvis, Tencent, Dell, EMC Corporation and Hewlett Packard Enterprise. Privacy and data protection concerns are expected to hinder the growth of infrastructure as a service market during the forecast period. The typical IaaS security threats are data leaks, compromising accounts and authentication bypass, interface and API hacking, cyber-attacks, permanent data loss, lack of awareness about capabilities the cloud offers, vulnerability of applications and abuse of cloud services. According to 2020 Global Networking Trends report published by CisCo., by 2022, more than 50% of enterprise data will be created and processed outside the data center or cloud, an increase from less than 10% in 2019. With the increasing distribution of data, I&O organizations face challenges to provide data protection and management. Thus, the privacy and data protection concern that pose challenges to the service providers are expected to hinder the market growth. Distributed cloud, referred to the availability of public cloud services in different physical solutions while the provider remains responsible for the operation, governance, updates and evolution of the services, is expected to be one of the major opportunities for the development of the infrastructure as a service market. This distributed cloud model is advantageous to the organizations that have faced issues related to the physical locations in the past. This will allow infrastructure and operations organizations to place the public cloud services at the locations of their choice which will attract consumers who are willing to modernize using the public cloud. The rise of Edge cloud computing and multi-cloud computing will eventually result in the rise to the concept of distributed cloud. By 2020, organizations such as Amazon Web Services Outposts, Google Cloud Anthos, and Microsoft Azure Arc., have initiated the edge cloud computing. With the increase in different industry verticals towards cloud-based services, the trend of distributed cloud which overcomes the challenges of physical location constraints will prove to be one of the major opportunities for the market growth during the forecast period. In July 2020, VMware, Inc., a US-based publicly traded software company that provides cloud computing and virtualization software and services, acquired Datrium, Inc. for disaster recovery as a service (DRaaS) and hyperconverged infrastructure (HCI) capabilities for an undisclosed amount. The major advantage from the acquisition is that an end-to-end cloud driven user experience is delivered by the Datrium DRaaS solution in VMware Cloud on AWS. Datrium, Inc., a US-based hybrid cloud computing and data management company that is a global provider of tier 1 hyperconverged infrastructure (HCI) for hybrid clouds that merges tier 1 HCI, scale-out backup and cloud disaster recovery for protection of hybrid cloud infrastructure, for easy administration and higher IO performance. North America was the largest region in the infrastructure as a service (IaaS) market in 2022. Western Europe was the second largest region in the global infrastructure as a service (IaaS) market share. The regions covered in the global infrastructure as a service (IaaS) market analysis are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the infrastructure as a service (IaaS) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The infrastructure as a service (IaaS) market includes revenues earned by entities by providing computer infrastructure on-demand through an internet platform. IaaS refers to providing access to computer infrastructure through networked servers. Establishments providing IaaS host hardware, software, servers, storage and other infrastructure components for their users. These components include networking features, computer hardware, space for data storage, system maintenance, backup and resiliency planning. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The infrastructure as a service (IaaS) market research report is one of a series of new reports from The Business Research Company that provides infrastructure as a service (IaaS) market statistics, including infrastructure as a service (IaaS) industry global market size, regional shares, competitors with infrastructure as a service (IaaS) market share, detailed infrastructure as a service (IaaS) market segments, market trends and opportunities, and any further data you may need to thrive in the infrastructure as a service (IaaS) industry. This infrastructure as a service (IaaS) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Infrastructure inspection refers to the technology that involves collecting and assessing meaningful data about the infrastructure. Infrastructure inspections can include bridges, pipelines, power grids, and other facilities that are essential to the use and safety of structures. The infrastructure inspection is used in analyzing and monitoring tools that help to analyze the state of the infrastructure. The main types of infrastructure inspection are drones, unmanned aerial vehicles (UAVs), crawlers, and submersibles. A crawler refers to a program that visits Web sites and reads their pages and other information in order to create entries for a search engine index. The operations are autonomous or semi-autonomous. The various applications involved pipes, tanks and vessels, sewers, roads and bridges, underwater inspection, wind turbines, nuclear applications, and auxiliary structures. The various end-users included building and construction, oil and gas, power generation, chemicals, petrochemicals, municipal, and general purpose. The global infrastructure inspection market is segmented - 1) By Product Type: Drones, or Unmanned Aerial Vehicles (UAVs), Crawlers, Submersibles 2) By Operation: Autonomous, Semi-Autonomous 3) By Application: Pipes, Tanks and Vessels, Sewers, Roads and Bridges, Underwater Inspection, Wind Turbines, Nuclear Applications, Auxiliary Structures 4) By End-Use: Building and Construction, Oil and Gas, Power Generation, Chemical, Petrochemical, Municipal, General Purpose The global infrastructure inspection market size will grow from $1.95 billion in 2022 to $2.11 billion in 2023 at a compound annual growth rate (CAGR) of 8.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the infrastructure inspection is expected to grow to $2.84 billion in 2027 at a CAGR of 7.7%. The surge in capital investments for structural health monitoring to ensure better maintenance of critical infrastructure is expected to propel the growth of the infrastructure inspection market going forward. Structural health monitoring (SHM) is a set of systems that are installed on full-scale civil infrastructures to assist and inform operators. To ensure structural integrity, ageing bridges, highways, buildings, dams, pylons, tunnels, and other structures are inspected. For instance, in March 2022, according to a report by Govtribe, a US-based company that focuses on government contractors and provides a real-time resource locator, the Federal Government granted the opportunity to Engineer Research and Development Centre (ERDC) for innovative technologies in structural health monitoring to advance structural health monitoring (SHM) technologies and assess the current and future condition and reliability of infrastructure components and systems. The first year was allocated $2 million, with a total budget of $12 million. Therefore, the surge in capital investments for structural health monitoring is driving the infrastructure inspection market growth. Major players in the infrastructure inspection market are Honeybee Robotics, Eddyfi Technologies, Wipro Limited, Xylem Inc., Campbell Scientific Inc., Geokon, Digitexx Data Systems Inc.,, Sisgeo S.r.l., AVT Reliability Ltd, MISTRAS Group, Wipro, Intel Corporation, Lockheed Martin Corporation, Northrop Grumman, DJI, Parrot Drone SAS., and Acellent Technologies Inc. Technological advancement is a key trend gaining popularity in the infrastructure inspection market. Major companies operating in the infrastructure inspection market are focused on developing new technological solutions to strengthen their position. For instance, in May 2022, Toshiba, a Japan-based company operating in infrastructure inspection, develops Infrastructure Inspection AI for detecting anomalies with unprecedented accuracy from a small number of reference images. Instead of requiring real-world training like traditional AI, the technology compares inspection shots against reference images using features from pre-trained deep learning models. The new AI would detect anomalies with high accuracy even when inspection photos are taken from different perspectives than in the reference images because of Toshiba's proprietary rectification technology. This technology also helps to reduce false positives for unusual patterns that are truly normal. In July 2022, DroneBase, a US-based leader in intelligent imaging, acquired U.K.-based Inspection for an undisclosed amount. DroneBase's acquisition of Inspection2 expands DroneBase's AI-enabled inspection capabilities across telecom and transmission and distribution, creating a complete offering for owners, operators, and investors in renewable energy infrastructure and systems. Inspection2 is a UK-based company operating in infrastructure inspection. North America was the largest region in the infrastructure inspection market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this infrastructure inspection market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the infrastructure inspection market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The infrastructure inspection market consists of revenues earned by entities by providing infrastructure inspection that are used in pipes, sewers and wind turbines. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The infrastructure inspection market research report is one of a series of new reports from The Business Research Company that provides infrastructure inspection market statistics, including infrastructure inspection industry global market size, regional shares, competitors with an infrastructure inspection market share, detailed infrastructure inspection market segments, market trends and opportunities, and any further data you may need to thrive in the infrastructure inspection industry. This infrastructure inspection market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Critical infrastructure protection refers to a notion that entails guarding against and protecting against cyber-attacks that can harm or interrupt the services that are offered by critical infrastructures. Protecting critical infrastructure involves both preventing and responding to cyberattacks, as well as preventing them from happening in the first place. The main types of critical infrastructure protection are solutions and services. The solutions to critical infrastructure protection refer to an answer to a problem. It helps us change our negative state into the desired state. The different types of security technologies include network security, physical security, and others that are employed in the commercial sector, telecom, chemical and manufacturing, oil and gas, and other verticals. The global critical infrastructure protection market is segmented - 1) By Component: Solutions, Services 2) By Security Technology: Network Security, Physical Security, Other Security Technologies 3) By Vertical: Commercial Sector, Telecom, Chemical and Manufacturing, Oil and Gas, Other Verticals The global critical infrastructure protection market size will grow from $137.88 billion in 2022 to $146.16 billion in 2023 at a compound annual growth rate (CAGR) of 6.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the critical infrastructure protection is expected to grow to $179.41 billion in 2027 at a CAGR of 5.3%. The rise in the adoption of cloud technology and IoT devices is expected to propel the growth of the critical infrastructure protection market going forward. The Internet of Things (IoT) is a system of physical items that uses software and other technologies to connect to devices and systems over the web for transferring data and using cloud technology for storing and accessing data over the internet instead of a computer hard drive. In critical infrastructure, cloud computing provides confidentiality, integrity, and availability of data and compliance with applicable standards. For instance, according to Rapyder, an India-based cloud services and solutions company, as of November 2020, more than 79% of organizations have adopted multi-cloud technology. Therefore, the increase in the adoption of cloud technology and IoT is driving the demand for critical infrastructure protection market. Major players in the critical infrastructure protection market are BAE Systems plc, Lockheed Martin Corporation, Northrop Grumman Corporation, Honeywell International Inc., Airbus SE, Raytheon Company, Thales Group, Hexagon AB, Johnson Controls International, Teltronic, General Dynamics Corporation, Optasense, Waterfall Security Solutions, Rolta, and SCADAfence. Technological advancements are the key trend gaining popularity in the critical infrastructure protection market. Major companies operating in the critical infrastructure protection sector are focused on developing technologically advanced products to strengthen their market position. For instance, in February 2022, Forcepoint, a US-based software company, launched Forcepoint One, a cloud platform developed with zero trust and SASE (secure access service edge) technologies. This product enables organizations to protect their infrastructures by managing one set of policies from a single console. Users can manage a wide variety of security services while reducing costs and managing over 50-point products. This platform is an all-in-one security platform that is simplified for traditional and remote workforces and allows them controlled access to information on the web, cloud, or in any private applications. In May 2022, Parsons Corp., a US-based technology company focused on defense, intelligence, security, and infrastructure engineering, acquired Xator Corporation for $400 million. Through this acquisition, Xator would increase Parsons' customer base by bringing distinct technical capabilities in critical infrastructure protection, counter unmanned aircraft systems, intelligence and cyber solutions, biometrics, and global threat assessment and operations. Also, it is expected to increase Parsons' footprint in the Special Operations Command, the intelligence community, federal civilian clients, and international critical infrastructure markets while opening up new customer access at the State Department. Xator Corporation is a US-based provider of mission-focused solutions addressing critical infrastructure protection, enterprise technology and cybersecurity, mission and training, and national security requirements. North America was the largest region in the critical infrastructure protection market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the critical infrastructure protection market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the critical infrastructure protection market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The critical infrastructure protection market includes revenues earned by entities by providing security solutions that protect computers and networks that control essential services such as power generation, telecommunication, and healthcare. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The critical infrastructure protection market research report is one of a series of new reports from The Business Research Company that provides critical infrastructure protection market statistics, including critical infrastructure protection industry global market size, regional shares, competitors with a critical infrastructure protection market share, detailed critical infrastructure protection market segments, market trends and opportunities, and any further data you may need to thrive in the critical infrastructure protection industry. This critical infrastructure protection market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The composable infrastructure refer to the framework for decoupling device resources so that they can be treated as services. The device resources that can be treated as services include physical computing, storage and network fabric resources. The composable infrastructure aims to be cost-effective by reducing waste and the amount of time taken to deploy a new application. The main type of composable infrastructure include software and hardware. Composable infrastructure abstracts compute, storage, and networking resources from their physical locations and allow the software to manage them via a web-based interface. They are deployed in public, private, and hybrid cloud infrastructures. The end-users of composable infrastructure include BFSI, it & telecom, government, healthcare, manufacturing, and other verticals. The global composable infrastructure market is segmented - 1) By Component Outlook: Software, Hardware 2) By Cloud: Public, Private, Hybrid 3) By Vertical: BFSI, IT & Telecom, Government, Healthcare, Manufacturing, Other Verticals The global composable infrastructure market size grew from $3.81 billion in 2022 to $5.49 billion in 2023 at a compound annual growth rate (CAGR) of 44.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of the global composable infrastructure is expected to grow to $27.22 billion in 2027 at a CAGR of 49.2%. The increased demand for agile IT infrastructure is driving the growth of the composable infrastructure market. The demand for agile IT infrastructure is growing mainly due to the need for promoting business growth, reducing costs, and improving team performance. In addition, companies can adopt new technologies faster, take advantage of deployment options, and accelerate the building of web applications with the help of agile IT infrastructure. This increasing demand for agile IT infrastructure will create a significant demand for composable infrastructure as it enables an agile IT environment within the enterprises by offering the best application performance possible, reducing underutilization and overprovisioning, and creating a more agile, cost-effective data center. For instance, according to the blog article Agile Adoption Statistics for 2022 published in August 2021 by a platform for remote jobs GoRemotely, 71% of companies use agile approaches while 60% of companies have seen growth in their profits after implementing the agile approach. Agile approaches are used in 80% of federal IT projects. In addition, the US government lost $32 billion due to failed IT projects, indicating a need for agile IT infrastructure. Therefore, the increasing demand for agile IT infrastructure will propel the composable infrastructure market growth. Major players in the composable infrastructure market are Lenovo, One Stop Systems Inc., Liqid Inc., Inspur, Western Digital Corporation, Hewlett Packard Enterprise Development LP, Dell Inc., DriveScale Inc., TidalScale Inc., Cloudistics Inc., Quanta Computer Inc., Cisco, and Comport Technology Solutions. Technology advancement is a key trend gaining popularity in the composable infrastructure market. The market is witnessing the use of advanced technologies for composable infrastructure solutions such as SSD technology in storage hardware with advanced algorithms to increase the life of the devices for increased efficiency and productivity. Many companies operating in the composable infrastructure market are focused on developing and offering advanced composable infrastructure hardware or software solutions to strengthen their market position. For instance, in April 2022, Inspur Information, a global leading provider of IT infrastructure solutions introduced a new generation of Enterprise NVMe SSDs based on an innovative NAND algorithm that increases flash memory lifespans by 40% and achieves 1.6 million IOPS per drive via PCIe 4.0 ultra-wide channel and ZNS (Zoned Namespace) storage. This SSD technology was critical in Inspur's storage system’s performance and improved Inspur's core storage competitiveness in terms of system-level joint debugging and optimization, reliability, and performance. This is essential to achieve the composable infrastructure within the enterprises by enabling efficient storage for the faster deployment of applications. In September 2020, Fungible Inc., a US-based pioneer in data-centric computing acquired the assets of Cloudistics for an undisclosed amount. This acquisition brings together the strengths of both companies with highly complementary core competencies to enhance the development of composable hyper disaggregated data center infrastructure. Cloudistics is a US-based company providing a cloud software platform. North America was the largest region in the composable infrastructure market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the composable infrastructure market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the composable infrastructure market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The composable infrastructure market includes revenues earned by entities by providing various composable infrastructure services such as managing physical servers, storage, network components, and allocation of resources to leverage operations of data centers. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The composable infrastructure market research report is one of a series of new reports from The Business Research Company that provides composable infrastructure market statistics, including composable infrastructure industry global market size, regional shares, competitors with a composable infrastructure market share, detailed composable infrastructure market segments, market trends and opportunities, and any further data you may need to thrive in the composable infrastructure industry. This composable infrastructure market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Real estate refers to the process of building, renting, buying, and selling properties, both residential and commercial. Developers earn a profit by adding value to the land by creating buildings or improvements, and rezoning. The real estate agencies are responsible for guiding the buyer through all the related paperwork. The main types of real estate are real estate rental, real estate agency, and brokerage. Renting real estate, also referred to as hiring or letting, is a contract in which a fee is paid in exchange for the temporary use of a good, service, or property that belongs to someone else. The different modes include online, and offline and involve various property types such as fully furnished, semi-furnished, and unfurnished. The global real estate market is segmented - 1) By Type: Real Estate Rental, Real Estate Agency and Brokerage 2) By Mode: Online, Offline 3) By Property Type: Fully Furnished, Semi-Furnished, Unfurnished Subsegments Covered: Residential Buildings And Dwellings Rental Services, Non-Residential Buildings Rental Services, Mini warehouses And Self-Storage Units Rental Services, Other Rental Services, Residential Buildings And Dwellings Brokers, Non-Residential Buildings Brokers, Mini warehouses And Self-Storage Units Brokers, Other Brokers The global real estate market size will grow from $3694.47 billion in 2022 to $3976.18 billion in 2023 at a compound annual growth rate (CAGR) of 7.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of real estate market is expected to grow to $5209.84 billion in 2027 at a CAGR of 7.0%. The real estate market's growth will be aided by stable economic growth forecasted in many developed and developing countries. The International Monetary Fund (IMF) predicts that the global real GDP growth will be 3.7% over 2019 and 2020 and 3.6% from 2021 to 2023. Recovering commodity prices, after a significant decline in the historic period is further expected to aid the market growth. Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than developed markets in the forecast period. For instance, according to official data from the World Bank, the GDP of India increased to reach $3173.40 billion in 2021, compared to $2667.69 billion in 2020. Major companies in the real estate market include Mitsui Fudosan Co. Ltd., Daito Trust Construction Co. Ltd., Brookfield Asset Management, American Tower Corporation, Sun Hung Kai Properties Limited, CapitaLand Limited, Realogy Holdings Corp., Xiamen C&D, Simon Property Group Inc and Berkshire Hathaway Inc. The outbreak of COVID-19 disease (COVID-19) has acted as a massive restraint on the real estate market in 2020 as the need for services offered by these establishments declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People's Republic of China, and spread globally including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in a decline in economic activity with countries entering a state of 'lockdown' and the outbreak had a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the real estate market will recover from the shock across the forecast period as it is a 'black swan event and not related to ongoing or fundamental weaknesses in the market or the global economy. Gen Z (born between the mid-1990s and early 2000s) is the next generation of renters after the millennials and they are predicted to spend more than any other generation on rental services in their lifetime. Gen Z is highly dependent on technology and relies more on the internet and social media to make purchasing and lifestyle decisions. Since Gen Z has experienced technology their entire lives, leasing and marketing campaigns for real estate rental services should incorporate the use of technology to reach this generation where they are most active such as on apps, on social media, or any other internet source. Gen Z makes up almost one-quarter of the U.S. population therefore, the real estate rental services market is expected to witness growth from this generation in the five years from 2019 to 2023 Asia-Pacific was the largest region in the real estate market in 2022. North America was the second-largest region in the real estate market. The regions covered in the real estate market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the real estate market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The real estate market consists of revenues earned by entities that are engaged in providing services such as residential buildings and dwellings rental, non-residential buildings rental services, non-residential buildings rental services, mini-warehouses, and self-storage unit rental services. The real estate market includes establishments such as builders, developers, lessors of real estate, and property management companies. This market also includes managing, selling, renting, buying, and appraising real estate for others. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The real estate market research report is one of a series of new reports from The Business Research Company that provides real estate market statistics, including real estate industry global market size, regional shares, competitors with a real estate market share, detailed real estate market segments, market trends and opportunities, and any further data you may need to thrive in the real estate industry. This real estate market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Real estate rental refers to properties used as dwellings or provided on rent to rental occupants, or tenants, for temporary use by the property owners. The rent of goods or services is governed by a rental agreement or contract between an owner of a product and an end-user where payment is made by the end user for the temporary use of the product. The main types of real estate rental are residential buildings and dwellings rental services, non-residential buildings rental services, mini-warehouses, self-storage unit rental services, and other rental services. Residential rental property is defined as a dwelling bought by an investor and occupied by tenants under a lease or other sort of rental arrangement. The different modes include online, and offline and involve various property types such as fully furnished, semi-furnished, and unfurnished. The global real estate rental market is segmented - 1) By Type: Residential Buildings And Dwellings Rental Services, Non-Residential Buildings Rental Services, Mini warehouses And Self-Storage Units Rental Services, Other Rental Services 2) By Mode: Online, Offline 3) By Property Type: Fully Furnished, Semi-Furnished, Unfurnished The global real estate rental market size will grow from $2,375.91 billion in 2022 to $2,561.84 billion in 2023 at a compound annual growth rate (CAGR) of 7.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of real estate rental market is expected to grow to $3,388.85 billion in 2027 at a CAGR of 7.2%. The elevated home prices are expected to increase the demand for real estate rental market. Due to the pandemic-induced lockdown and rising interest rates, housing prices are seeing a jump. Real estate rentals provides an alternative accommodation option for people who cannot buy a home, increasing the demand for rental units. For example, house prices rose by more than 5% in 23 countries out of the 60 countries in the IMF’s (International Monetary Fund) global house price index for 2020 as compared to 2019. Also in 2022, in India, Delhi- National Capital Region (NCR) saw the highest increase in residential prices at 10% year-on-year (YoY), followed by Ahmedabad and Hyderabad with 9% and 8% YoY increase, respectively from 2021." Therefore, the elevated home prices are expected to contribute to the demand for real estate rental market. Major companies in the real estate rental market report include Daito Trust Construction Co. Ltd., Brookfield Asset Management, American Tower Corporation, Sun Hung Kai Properties Limited, CapitaLand Limited, Mitsui Fudosan Co. Ltd., Xiamen C&D, Simon Property Group Inc., Digital Realty Trust Inc., and Leopalace21 Corporation. Real estate agents are increasingly using new technologies such as online listing, video, and virtual reality (VR), to provide better services to clients and strengthen the buyer-agent relationship. With advancements in technology, the role of real estate agents is shifting from just an information arbitrators to local market experts and service providers. Online real estate listing services such as Zillow and realtor.com provide housing databases and information on tax and purchase history. Technologies such as video, VR tours, and e-signing services also streamline real estate transactions. For instance, in June 2021, Cartus Corporation, a real estate services company based in the United States, launched a new technology-enabled global personnel solution under its Language and Intercultural Solutions business line. The new digital learning environment, as well as Language and Intercultural Solutions, assists employees in traveling and relocating to new locations, as well as coaching them through some of the most critical transitions in their professional and personal Asia-Pacific was the largest region in the real estate rental market in 2022. North America was the second-largest region in the real estate rental market share. The regions covered in the real estate rental market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the real estate rental market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The real estate rental market consists of revenues earned by entities that rent, lease, and allow the use of buildings and or land such as serviced offices and co-working spaces. The rental agreement is a document used for the occupying of space (either commercial or residential) for a period of time in exchange for monthly rent. This market also includes managing, selling, renting, buying, and appraising real estate for others. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The real estate rental market research report is one of a series of new reports from The Business Research Company that provides real estate rental market statistics, including the real estate rental industry global market size, regional shares, competitors with a real estate rental market share, detailed real estate rental market segments, market trends and opportunities, and any further data you may need to thrive in the real estate rental industry. This real estate rental market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Building finishing is specialized construction work related to the plastering, pointing, painting, varnishing, white and colour washing, or distempering in a building. The main types of building finishing contractors are drywall and insulation contractors; painting and wall-covering contractors; flooring contractors; tile and terrazzo contractors; finish carpentry contractors; and other building finishing contractors. Drywall and insulation contractors specialise in drywall, plaster, and building insulation. The building finishing services are provided by large chain companies and independent contractors and are available in various modes, such as online and offline. The building finishing contractors are involved in various applications, such as residential construction, non-residential building construction, utility system construction, and others. The global building finishing contractors market is segmented - 1) By Type: Drywall And Insulation Contractors, Painting And Wall Covering Contractors, Flooring Contractors, Tile And Terrazzo Contractors, Finish Carpentry Contractors, Other Building Finishing Contractors 2) By Application: Residential Building Construction, Nonresidential Building Construction, Utility System Construction, Other Applications 3) By Service Provider: Large Chain Companies, Independent Contractors 4) By Mode: Online, Offline The global building finishing contractors market grew from $1,297.59 billion in 2022 to $1,380.11 billion in 2023 at a compound annual growth rate (CAGR) of 6.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The building finishing contractors market is expected to grow to $1730.32 billion in 2027 at a CAGR of 5.8%. The population profile of most countries is becoming older, which is increasing the demand for elderly-friendly infrastructure. For instance, according to World Health Organization (WHO), an specialized government agency, between 2020 to 2050, the number of people with 80 years of age or older is expected to triple and reach to 426 million and by 2050, the number of people aged 60 and over will double to reach 2.1 billion. Houses and the wider surroundings had to be adapted to be made safer and more inclusive. Local shops and town centres had to be made more accessible and had to be made accessible to the elderly. Public transport facilities also had to be revised based on the increased demand from the elderly. This will result in increased demand for building finishing contractors activity during the forecast period. Major companies in the building finishing contractors market include Fletcher Building Ltd., NCI Building Systems Inc., Interserve Plc. Health and safety issues have always been a major concern in the building finishing contractors industry. Construction activities always face worker safety issues with them working at height, working in confined spaces, working underground and close proximity to falling materials; handling loads manually; handling hazardous substances; using plant and equipment; fire and exposure to live cables. For instance, according to 25 Construction Safety Statistics for 2021, the American construction industry comprises 6% of the US workers but witnesses around 20% of the fatalities, the highest number of fatalities compared to any other industry. Inadequate safety and health measures have a negative impact on both the construction and built environments, resulting in fatalities, injuries, and diseases. Predictive analytics is playing a prominent role in the building finishing contractors market to simplify risk management, manage financials and resources, and allocate budgets. Predictive analytics refers to a technique used to process large data sets and infer actionable information and behavioural patterns. The software analyses data collected from subcontractors, materials suppliers, and design plans to examine and control risk factors. Predictive analytics helps the project manager to predict and avoid delays in manpower availability and equipment shortages; collects weather data; and predicts the conditions for the company to take preventive actions against weather changes to avoid loss of material and labour costs. Some of the software tools used by building finishing contractors include GanttPRO, Acculynx, Jonas Premier, CoConstruct, Buildertrend, Knowify, Procore, PlanGrid, ProCOntractor, and BIM 360. Asia-Pacific was the largest region in the building finishing contractors market in 2022. Western Europe was the second-largest region in the building finishing contractors market. The regions covered in the building finishing contractors report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the building finishing contractors market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, and Vietnam. The building finishing contractors market includes revenues earned by entities by drywall and insulation contractors, painting and wall covering contractors, flooring contractors, tile and terrazzo contractors, finish carpentry contractors, and other building finishing contractors. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The building finishing contractors market research report is one of a series of new reports from The Business Research Company that provides building finishing contractors market statistics, including building finishing contractors industry global market size, regional shares, competitors with a building finishing contractors market share, detailed building finishing contractors market segments, market trends and opportunities, and any further data you may need to thrive in the building finishing contractors industry. This building finishing contractors market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The building inspection services market consists of the sales of building inspection services by entities (organizations, sole traders and partnerships) that evaluate all aspects of the building structure and component systems and prepare a report on the physical condition of the property, generally for buyers or others involved in real estate transactions. The main types of services in building inspection services are home inspection services, specific element inspection services, commercial building inspection services and others. Home inspection is enlisting the help of specialised firms or licenced personnel to conduct a complete examination of the property in order to identify any structural or mechanical problems. The different source types include in-house services, outsourced services and is used in various applications such as residential, commercial, others. The global building inspection services market is expected to grow from $11.35 billion in 2021 to $12.82 billion in 2022 at a compound annual growth rate (CAGR) of 13.0%. The growth in the building inspection services 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 market is expected to reach $19.75 billion in 2026 at a CAGR of 11.4%. Rising urbanization around the world is expected to drive the building inspection services market. Increase in number of individuals moving to urban areas for employment, better lifestyles, and opportunities led to an expansion in urban areas. According to the United Nations Department of Economic and Social Affairs, about 4.4 billion people live in urban areas in 2020 and is projected to rise to 6.7 billion by 2050. Urbanization has increased the availability of affordable housing, infrastructure, and essential services. As infrastructure grows, it requires laws and legislation to determine the safety of buildings to prevent hazards and to provide the public with safe buildings that building inspection services can help with. Thus, increasing urbanization is a major factor that contributes to the growth of the demand for building inspection services market. Labor shortage is expected to hinder the building inspection services market. Finding labor for conducting building inspections is difficult particularly with specific skills. For instance, the San Jose’s fire department, in September 2020, reported there is a shortage of staff for conducting fire audits for new buildings. In 2019, the Philadelphia Department of Licenses and Inspections called for 800 more inspectors for building inspections. This staff crunch directly affects the reputation as they fail to cater to timely service and the revenue of the company as they are unable to take up more numerous inspections and thereby hinder the building inspection services market. Companies and governments are developing and employing drones for building inspections. Drones, also known as unmanned aerial vehicles (UAVs) or unmanned aircraft systems (UASs) are a flying robot that can be controlled remotely or independently operated through software-controlled flight plans in its embedded systems, working in conjunction with onboard sensors and GPS systems. Drones enable building inspections safer, faster as well as more cost-effective. In October 2020, Singapore analytics and acoustic technologies company H3 Zoom. AI started using drones for building inspection and facility management after realizing that the city's highly urban environment delayed digital technology disruption. Moreover, in September 2020, New York City Council has passed a bill to explore the use of drones for building facade inspections. In December 2020, Applus+, a Sapin based company that provides testing and inspection services acquired SAFCO Group for an undisclosed amount. Through this acquisition Applus+ will be able to increase its service portfolio in Middle East. SAFCO Group is a Saudi Arabia based company that provides building inspection services. Major players in the building inspection services market are AmeriSpec Inspection Services, HouseMaster Home Inspections, National Property Inspections, Pillar to Post Home Inspectors and WIN Home Inspections. The regions covered in the building inspection services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the building inspection services market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global building inspection services market is segmented - 1) By Service: Home Inspection Services, Specific Element Inspection Services, Commercial Building Inspection Services, Others 2) By Application: Residential, Commercial, Others 3) By Sourcing Type: In-house services, Outsourced services