International. Research and Markets announced the publication of a new study on the Facility Management market. The report titled "Facility Management Market by Solution, Service, Size, Verticals and Region – Predictions 2020", ensures that in the next 5 years this market will grow to reach revenues of US $49 billion, in contrast to the US$27 billion it currently produces.
"The penetration of Facility Management solutions can be widely seen in sectors such as retail, healthcare, public sector, aerospace and defense, because the infrastructure presents a high growth rate," explain from Research and Markets.
"Technological advancements have supported the growth of the facilities management market. New database technologies enable the exchange of functional data in real time. Real estate portfolio management and maintenance management solutions are the fastest growing in the market," the report said.
Similarly, the study highlights that North America is the largest market currently, but emerging economies in the Asia-Pacific region are expected to have immense growth potential in the coming years.
To access the full report visit www.researchandmarkets.com
