Artificial Intelligence
Facility Management Market size worth USD 1759.25 Billion, Globally, by 2028 at 5.0% CAGR: Verified Market Research®
The “Global Facility Management Market Size By Offering, By Deployment Mode, By End User, By Geographic Scope And Forecast” report has been published by Verified Market Research®. The report provides an in-depth analysis of the global Facility Management Market, including its growth prospects, market trends, and market challenges
JERSEY CITY, N.J., Sept. 11, 2023 /PRNewswire/ — The Global Facility Management Market is projected to grow at a CAGR of 5.0% from 2021 to 2028, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 1234.55 Billion in 2020 and is expected to reach USD 1759.25 Billion by the end of the forecast period.
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Browse in-depth TOC on “Facility Management Market”
202 – Pages126 – Tables37 – Figures
Global Facility Management Market: Key Players, Market Drivers, and Future Outlook
The global Facility Management Market is poised for significant growth, driven by a combination of market drivers and key industry players who are at the forefront of shaping this dynamic sector. Notable companies such as CA Technologies, IBM Corporation, Oracle Corporation, SAP SE, Archibus, Trimble, Accruent, Planon, FM: Systems, iOffice, and Planon are actively contributing to the market’s expansion.
Facility Management Market Drivers:
Technological Advancements: The Facility Management Market industry is witnessing a rapid integration of advanced technologies, such as Internet of Things (IoT), Artificial Intelligence (AI), and cloud-based solutions. These innovations are revolutionizing the way facilities are managed, enhancing efficiency, reducing costs, and improving overall operational effectiveness.Infrastructure Development: Governments worldwide are intensifying their investments in infrastructure projects, including transportation, healthcare, and educational facilities. This surge in infrastructure development is creating a robust demand for facility management services to ensure the optimal operation and maintenance of these assets.Sustainability Initiatives: Growing environmental concerns and sustainability goals are compelling organizations to adopt sustainable practices in their facilities. Facility Management Market providers are playing a crucial role in helping businesses reduce their environmental footprint, lower energy consumption, and adhere to sustainability standards.Outsourcing Trends: An increasing number of businesses are opting to outsource their facility management operations to specialized service providers. This trend is driven by the desire to focus on core competencies while entrusting facility management experts to handle the complexities of maintaining their infrastructure.Facility Management Market Outlook:
The global Facility Management Market is expected to experience robust growth over the forecast period. As technology continues to evolve and governments worldwide invest in infrastructure, the demand for efficient and sustainable facility management solutions is set to soar. Moreover, the market’s outlook is characterized by:
Increased Adoption of IoT: The integration of IoT devices for real-time monitoring and predictive maintenance is expected to become a standard practice in facility management, enhancing operational efficiency and reducing downtime.Expansion of Cloud-Based Solutions: Cloud-based facility management software is gaining traction, offering scalability, flexibility, and cost-effectiveness. This trend is likely to persist as organizations seek centralized and accessible solutions.Focus on Sustainability: Sustainable facility management practices will remain a priority, driven by regulations and corporate responsibility. Providers will continue to develop solutions that support environmental conservation.Strategic Partnerships: Key players in the Facility Management Market are anticipated to engage in strategic partnerships, acquisitions, and collaborations to broaden their service offerings and global reach.Facility Management Market Key Players:
The global Facility Management Market boasts a roster of influential players, including:
CA TechnologiesIBM CorporationOracle CorporationSAP SEArchibusTrimbleAccruentPlanonFM: SystemsiOfficePlanonThese industry leaders are driving innovation and shaping the future of facility management through their expertise and technological prowess.
To get market data, market insights, financial statements and a comprehensive analysis of the Global Facility Management Market, please Contact Verified Market Research®.
Based on the research, Verified Market Research® has segmented the global Facility Management Market into Offering, Deployment Mode, End User, And Geography.
Facility Management Market, by OfferingSolutionsIWMSBIMFacility Operations and Security ManagementFacility Environment ManagementFacility Property ManagementServicesProfessional ServicesManaged ServicesFacility Management Market, by Deployment ModeOn-premisesCloudFacility Management Market, by End UserBanking, Financial Services, and Insurance (BFSI)IT and TelecomGovernment and Public AdministrationHealthcareEducationRetailEnergy and UtilitiesManufacturingConstruction and Real EstateOthersFacility Management Market, by GeographyNorth AmericaU.SCanadaMexicoEuropeGermanyFranceU.KRest of EuropeAsia PacificChinaJapanIndiaRest of Asia PacificROWMiddle East & AfricaLatin AmericaBrowse Related Reports:
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Healthcare Facility Management Market By Service Type (Hard Services, Soft Services), By End-User (Hospitals and Clinics, Long-Term Care Facilities), By Geography, And Forecast
Building Management System Market By Service Type (Professional Services, Managed Services), By Software (Security Management, Facility Management), By Application (Commercial, Industrial), By Geography, And Forecast
Facility Management Software Market By Offering (Solutions, Services), By Deployment Mode (On-Premises, Cloud-based), By End User (IT and Telecom, Banking, Financial Services, and Insurance (BFSI)), By Geography, And Forecast
Top 7 Facility Management Companies managing properties reliably and professionally
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Artificial Intelligence
Eye Level holds its 2024 Eye Level Math Olympiad for students to test out their math skills.
SEOUL, South Korea, Oct. 17, 2024 /PRNewswire/ — Eye Level is hosting the 2024 Math Olympiad (ELMO 2024), inviting students from grades 1 to 8 worldwide to showcase their math skills. The competition will run from November 9 to December 1, following each country’s schedule across 15 countries.object
This Olympiad, part of the annual Eye Level Math Olympiad series established in 2004, offers students a valuable opportunity to assess and enhance their mathematical abilities. The test lasts approximately one hour and is designed to challenge students across various areas of math skills, covering most arithmetic and critical thinking domains. Questions are tailored to each grade level, allowing students to evaluate their skills objectively.All participants will receive a certificate of participation and a comprehensive analysis of their test results. Official results and winners will be announced in January 2025 on myeyelevel.com, with award ceremonies planned to be held locally for outstanding participants.
Registration is currently open on myeyelevel.com.
About Eye Level
Eye Level is an international provider of supplemental education services in Math and English with more than 2 million students having experienced its programs. Eye Level guides the students to learn at their own pace, and achieve their goals. With a growth-minded learning process, Eye Level helps students build good learning habits that become the foundation of great talent – setting them up for success in school and beyond.
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Artificial Intelligence
n2 Group Advances HPC/AI Portfolio by Acquiring Managed Services Company X-ISS
OXFORD, England, Oct. 17, 2024 /PRNewswire/ — n2 Group, the transformative computing technology investment company, announces the acquisition of high-performance computing (HPC) and AI specialists, X-ISS. The addition of X-ISS expands the Group’s portfolio– joining NAG, VSNi, BioTeam and STAC—as it accelerates advancements in technology and computation, underpinned by innovation, technical excellence, and a focus on long-term growth.
n2 Group invests selectively in technical computing companies with deep business impact in a variety of sectors, providing operational support and a collaborative approach to innovation and business transformation. The addition of X-ISS will further strengthen the Group’s already strong HPC/AI credentials, with NAG, STAC and BioTeam already adding to this space.
X-ISS is a pioneer in Managed Services specifically designed for HPC/AI. With their in-depth understanding of hardware and software complexities within HPC and AI, they deliver highly impactful end-to-end services to clients through the integration, optimization and management of HPC/AI systems. The integration of X-ISS into n2 Group aligns with the Group vision of improving the accessibility, quality and robustness of computing solutions to enable greater productivity in industry.
X-ISS will operate as an autonomous business within the n2 Group, maintaining its brand, identity and ethos. n2 Group’s status as an independent, member-backed organisation with no external financial stakeholders allows X-ISS to continue providing impartial advice based on the technology needs and challenges of its clients. Inter-group synergies will enable greater innovation and collaboration, advancing the Group’s position and long-term HPC/AI market impact.
“X-ISS strengthens the n2 community in the strategically important area of HPC/AI”, said Adrian Scales, Snr Director of Investments and Partnerships at n2 Group. “As a respected boutique HPC service provider, X-ISS is helping clients navigate an increasingly complex landscape in terms of technologies and software integrations with AI and analytics. The acquisition strongly complements the Group’s existing HPC professional services capability, and we are delighted to have them on board.”
“This is an important milestone for X-ISS.”, said Deepak Khosla, CEO X-ISS, “The partnership with n2 Group will enable us to enhance our flagship ManagedHPC solution by leveraging n2’s complementary services and product developments, allowing us to deliver even greater value to our customers. As businesses face increasing challenges with complex technologies like AI and cloud computing, we’re now better equipped to support them with the same quality, passion, and partnership that defines X-ISS. I am excited about the opportunities this can bring for current and future X-ISS customers.”
About n2 Group
At n2 Group we are transforming computing and technology investment with a radical new approach. Our businesses are all established, purpose-driven market-leaders in computing products or services. We stimulate long-term sustainable growth through group-level support in strategy, business development, innovation, and operations. With no shareholders or external financial interests, we reinvest all profits back into the group or to the community, reinforcing our commitment to positive social impact through technological advancements.
n2 Group companies are at the forefront of computing and IT infrastructure, helping clients in various sectors to be more productive, innovative or reduce risk through advanced software and services. Rapidly expanding in high-performance computing, artificial intelligence, and scientific computing, our businesses maintain their unique brands and identities, but benefit from the expanded network available through the group.
n2 Group Companies
• BioTeam: Scientific computing consultancy integrating technologies, data, and cultures to accelerate science.
• NAG: Advanced products and services in algorithms, optimization, high-performance computing and AI.
• STAC: Independent financial services technology research and community events.
• VSNi: Proven statistical solutions and data expertise driving innovation and success.
• X-ISS: Industry leading management and analytics solutions for HPC/AI systems.
For more detailed information and the latest updates, visit n2 Group.
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A New Era of AI-powered Innovation and Industrial Revolution: Driving Integration of Smart Tech into Daily Life.
TAIPEI, Oct. 17, 2024 /PRNewswire/ — The 2024 Taiwan Innotech Expo (TIE) kicked off today at Taipei World Trade Center with a focus on “Smart Tech Island –The New Era of AI.” This year’s event showcases over a thousand advanced technologies and research achievements across six key areas: digital information, data security, precision health, defense, green and renewable energy, and civil and military resilience, heralding a new chapter in the technological evolution of industries.
Online and On-Site Exhibitions Offers Comprehensive Access to the Latest Innovations
TIE 2024 offers a seamless blend of virtual and physical experiences. Visitors can explore technologies, register for events, and plan their visit online before the expo opens. During the expo period, the event website provides essential tools such as e-meeting requests, product maps, and program registration. For those who were unable to attend in person, online attendees can view exhibits and access business negotiation records even after the expo is closed, fostering ongoing collaboration and opportunities. As a leading platform for technological innovation exchanges in Taiwan, TIE 2024 showcases the nation’s advancements in AI and smart technologies. This event is anticipated to drive industry transformation and opens new chapters in technological innovation.
Official Website: https://tie.twtm.com.tw/en
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