DUBLIN--(BUSINESS WIRE)--The "Saudi Arabia Facility Management Market By Service, By Type, By End User, By Sectors, By Region, Competition, Forecast & Opportunities, 2017-2027" report has been added to ResearchAndMarkets.com's offering.
Saudi Arabia Facility Management Market was valued at USD23.30 billion in 2021 and is anticipated to generate robust growth during the forecast period with a CAGR of 6.97% owing to the growing focus on outsourcing, rapidly increasing internet of things (IoT) market, technology integration, etc.
Increasing Attention to Sustainability
To ensure the nation's long-term development, Saudi Arabia has started to promote environmentally friendly solutions to reduce energy use and limit greenhouse gas emissions. Saudi Arabia wants to promote the building of green structures as a result. Green building is the practice of constructing a structure utilizing resource and environmentally friendly practices at every stage of its lifecycle, including construction, use, maintenance, repair, and demolition.
The Saudi Arabian government has contributed significantly to the nation's green-building culture. Green building projects with Leadership in Energy and Environmental Design (LEED) certification has been registered in Saudi Arabia. With the aid of facility management experts, it should be simple to implement the smart building solutions that are expressly required by the LEED certification in the project design.
In addition, using skilled and experienced executives is typically required for developing compliance. Because of this, big businesses prefer to have their properties managed and maintained by facility management companies. The facility management market is predicted to grow as a result of these anticipated transformations.
Growing Attention to Outsourcing
Due to growing corporate sector competition and a desire to concentrate on core competencies, there is ample interest in outsourced facility management services to support the nation's facility management industry. The expense of commercial space, the lifespan of plants and equipment, energy consumption, technical maintenance, and other sectors are just a few of the advantages of outsourcing. Consequently, there is a greater need for facility management services. This trend is also being driven by the demand for elevated workplace experiences and reduced operating costs.
The Booming Market for the Internet of things (IoT)
The term "Internet of Things" (IoT) refers to a vast ecosystem in which linked gadgets and services gather, exchange, and process data to adapt and change lifestyles. Cyber-physical systems are deeply rooted in IoT, strengthening intelligent infrastructure by enhancing service delivery. IoT-powered intelligent infrastructure has various advantages that result in high cost and efficiency savings. These data-driven strategies, supported by network connections and linked devices, are anticipated to grow in popularity in the facilities management industry.
Facility Management in Building Design Integration
Building design in Saudi Arabia is increasingly taking facility management into account, enabling architects to create straightforward structures that will be easy to maintain over time. Early in the design process, facility managers are approached for input on lifespan cost estimates, landscaping, alarm and fire systems, and best practises for project area utilization.
In building design, facilities management aims to reduce the overall cost of these services throughout the structure. Additionally, facility management integration aids in the seamless organization by assisting owners in managing and controlling the facility with the least amount of disruption. Consequently, the building's overall life will be prolonged, and the Saudi Arabia Facility Management Market will grow.
Market Segmentation
Saudi Arabia Facility Management Market, By Service:
- Property
- Cleaning
- Security
- Support
- Catering
- Others
Saudi Arabia Facility Management Market, By Type:
- Soft Services
- Hard Services
- By Soft Services (Cleaning Services, Security Services, Health Safety & Waste Management Services, Catering Services, Others)
- By Hard Services (Preventive Maintenance, Mechanical, Electrical and Plumbing, Structural Maintenance, HVAC and Asset Management, Others)
Saudi Arabia Facility Management Market, By Industry:
- Unorganized
- Organized
Saudi Arabia Facility Management Market, By End User:
- Commercial
- Residential
- Public Sector
- Industrial
Saudi Arabia Facility Management Market, By Sectors:
- Housing
- Hospitality
- Real Estate
- Healthcare
- Education
- Banking
- Others
Key Topics Covered:
1. Service Overview
2. Research Methodology
3. Executive Summary
4. Impact of COVID-19 on Saudi Arabia Facility Management Market
5. Voice of Customer
6. Saudi Arabia Facility Management Market Overview
7. Saudi Arabia Property Facility Management Market Overview
8. Saudi Arabia Cleaning Facility Management Market Overview
9. Saudi Arabia Security Facility Management Market Overview
10. Saudi Arabia Support Facility Management Market Overview
11. Saudi Arabia Catering Facility Management Market Overview
12. Riyadh Facility Management Market Overview
13. Contracting & Pricing Mechanism
14. Price Point Analysis (Cost of Spending in Saudi Arabia)
15. Market Dynamics
16. Market Trends and Developments
17. Policy and Regulatory Landscape
18. Saudi Arabia Economic Profile
19. Saudi Arabia Facility Management Market, Upcoming Mega Projects Driving Growth
20. Riyadh Facility Management Market, Upcoming Mega Projects Driving Growth
21. Cost Breakup of Major Projects in Saudi Arabia
22. Facility Management Value Chain
23. Overview on Demand vs. Supply Gap
24. Key Pain Points for Customers & Facility Management Companies
25. Saudi Arabia Facility Management Market, Key Stakeholders
26. Third Party Manpower Resources for Facility Management Projects
27. Saudi Arabia Facility Management Market, Major Players
28. Major Clients of Leading Players
29. List of International Facility Management Companies
30. Benchmarking of Major Facility Management Players
31. Company Profiles
32. Strategic Recommendations
33. About the Publisher & Disclaimer
Companies Mentioned
- Saudi EMCOR Company Ltd (EFS Facility Management)
- Muheel Services for Maintenance & Operations LLC
- Khidmah LLC
- Enova Facilities Management Services LLC
- Saudi Binladin Group Operation & Maintenance
- Musanadah Facilities Management Co. LTD
- Al Mahmal Facilities Services
- Al Khozama Facility Management Services
- Five Moons Company Ltd
- Takamul AlOula Facility Management
- Al Borj Facility Management
- Sodexo Saudi Arabia LLC
- Jones Lang LaSalle Saudi Arabia Limited
For more information about this report visit https://www.researchandmarkets.com/r/baey8j
