Facilities Management Market Size to Grow by USD 660.29 billion | Increasing Demand for Cloud-based Facility Management Solutions to Drive Growth | Technavio
NEW YORK, May 30, 2022 /PRNewswire/ -- The facilities management market will be driven by factors such as the increasing demand for cloud-based facility management solutions. These solutions enable secure hosting of critical data along. It also offers other advantages such as improved security and scalability and quicker disaster recovery. Companies can recover critical server data from backups stored on a shared or private cloud host platform. They can also increase security and collaboration among their teams and subsidiaries present in multiple locations, thereby reducing the operating costs.
- The facilities management market is expected to grow by USD 660.29 bn from2020 to 2025.
- The commercial segment is one of the major contributors to the global facilities management market.
- The facilities management market is fragmented, and the vendors are deploying growth strategies such as price, service, and brand name recognition to compete in the market.
- Reasons to Buy Facilities Management Market Report:
The growth of the facilities management market across Europe, North America, APAC, South America, and MEA
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