Key findings: Integrated facility management
This integrated facility management market intelligence report offers insights into the supply chain margins, supplier cost breakup, strategic sourcing, category pricing dynamics, and risk assessment strategies. An analysis of the top suppliers and current market landscape is also offered in this report.
The spend momentum for integrated facility management market is estimated to increase substantially, owing to the boost in the number of commercial activities in the developing nations. This boost is primarily due to the increasing outsourcing of facility management services by organizations to leverage the expertise in the developing economies within minimal cost. Adoption of advanced analytical tools and IoT is enhancing the supplier’s performance which is improving the feasibility of the category, thereby; propelling its demand. However, shortage of labor is feared to pose as a significant hindrance towards a steady growth of the integrated facility management market. Lack of skilled workforce can potentially fail to meet project deadlines and budget overrides which is impeding the category growth in some of the significant economies across the globe.
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Our reports from the facility management category not only highlight the potential challenges in the market but also recommends suitable procurement and risk assessment strategies to address the same. Insights into strategic sourcing, highlights of the current and future supply market scenario guide buyers to devise profitable and sustainable pricing strategies that facilitate cost savings in the long run.
Insights offered in this integrated facility management sourcing and procurement report will help the buyers understand:
- Global and regional spend potential for the period of 2018-2023
- Pricing models and the factors influencing them
- Strategic sourcing objectives to achieve cost-savings
- Ease of market entry
Analyze the global category spend for integrated facility management
The spend growth rate of this category is directly proportional to the rate of establishment of organizations on a global scale. Such organizations create requirements for a range of integrated facility management services such as the cleaning services segment and security services. Focus on facilitating a hygienic workplace environment, and to upheaval the standard of living is creating substantial demand for both commercial and residential janitorial services, which in turn, is contributing to the category growth. Organizations are resorting to security services to fortify the safety of premises and employees and to pledge adherence to the prevailing stringent government regulations. This is accelerating the category spend growth rate to a significant extent.
Access the complete year-over-year spend growth rate and category spend details by downloading a free sample copy.
This integrated facility management services market intelligence report offers coverage of:
- Regional spend opportunity for suppliers
- Global and regional spend segmentation
- Cost drivers impacting pricing
Optimize category spend for Integrated facility management services
Collaborating with service providers over long-term contracts will facilitate cost savings as well as procure better quality of services in the long run. Buyers are advised to assess the supplier’s track record of long-term engagements. This will aid in determining the viability of engagement with such suppliers for a mutually beneficial relationship over a longer duration.
This integrated facility management sourcing and procurement report also offer coverage of:
- Strategic sourcing and risk assessment insights
- Supply chain margins and the outlook for input costs
- Overview and comparison of pricing models
Assess category spend for the US region
The rise in construction activities in the US is spurring demand for integrated facility management services such as maintenance and property management and cleaning. Organizations are deepening their focus on bolstering the safety of premises and employees and to maintain compliance with the regulations. Consequently, this focus is propelling demand for the security services segment, thereby, boosting the category spend momentum in the US.
Additional information offered in this integrated facility management market intelligence report will help buyers analyze:
- Supplier cost structure in the US
- Margins of suppliers and category cost drivers
- Category spend potential in the US
Build strategies for effective supplier selection
Considering the fact that the lack of skilled labor is posing as a critical category growth barrier, service providers are expected to offer relevant periodic training to their facility management employees. This will enable the employees to cater to the unique needs of buyers. The presence of such trained workforce will ensure a safe, secure, and clean environment at buyer’s facilities.
This integrated facility management sourcing and procurement report identifies the significant costs incurred by suppliers and provides additional information on:
- Supplier ecosystem
- Buyer and supplier KPIs
- Incumbent supplier evaluation metrics
Devise effective category management strategies for integrated facility management services
In a bid to achieve their sustainability goals, most category managers are opting for suppliers who undertake green initiatives such as energy conservation and waste management. This will aid buyers to achieve green certifications for their real-estate domains and enhance their corporate accountability. Subsequently, it will give a significant boost to the buyer’s brand image in the competitive market.
Key insights offered in this integrated facility management market intelligence report will help the buyers identify:
- Critical KPIs for buyers and suppliers
- Category management and strategic sourcing objectives
- Sustainability practices
Determine the spend dynamics for key geographies
In a bid to improve presence in a matured market like in North America, integrated facility management services providers are offering standardized and customized offerings to buyers along with leveraging advanced technologies to reduce TAT and enhance efficiency. This is improving the category growth in this region to a significant extent. A decline in market share in 2023 will offset the initial category growth trend in Europe. This growth is attributed to the ability of integrated service providers in the region to enhance the cost-effectiveness and quality of their services and provide assurance of environmental sustainability to buyers.
Key geographies analyzed in this integrated facility management market intelligence report include the following:
- North America
- South America
Information on the top Integrated facility management services suppliers, strategic sourcing insights, and significant risks faced while procuring Integrated facility management services are offered in this market intelligence report. Download a free sample to access the report’s complete scope of coverage.
Key Features of Report
Procurement Best Practices
Cost Saving Opportunities
Supplier Capability Matrix
Integrated Facility Management Services - Category Spend Analysis
According to our new integrated facility management services sourcing and procurement report, one of the key growth contributors for the global integrated facility management services market is the growing demand from large organizations for cost savings in the management of facilities.
Integrated Facility Management Services – Procurement Best Practices
Buyers must engage with suppliers that can help them define KPIs in service level agreements and adopting assessment tools facilitate inventory optimization. Buyers should engage with suppliers that can help them set standards for operations, pricing, and performance, KPIs must provide tangible goals in terms of the quality of service.
Integrated Facility Management Services - Procurement Challenges
Based on the analysis in this integrated facility management services sourcing and procurement report, a major procurement pain point experienced by the buyers is locating suppliers that can comply with green building certification standards. Our procurement specialists predict that the buyers should engage with the suppliers at the initial stages, based on their compliance with standards associated with green building certification.