Marketing news today

Global Facility Management Market is estimated to reach $58.7 billion by 2025, forecast to grow at a CAGR of 10.8% during 2020-2025. Increasing penetration of outsourced facility management services has increased significantly on a global scale over the last two decades. Nowadays customers expect their facility management service provider to have intimate knowledge of the corporate mission, and the competency to address the customer’s specific needs, which is expected to drive the market in the long term. Facility management providers are expanding with their expansion of the facility management outsourcing market. The facility management providers are majorly focusing on finding new and innovative ways to make facility assets and services not only relevant but also critical to enhancing the customer’s experience and enabling their core business. Key Takeaways • North America and Western Europe have the highest market penetration for integrated facility management in 2018. • High secu...