Published by Persistence MarketResearch
Posted on October 7, 2021
5 min readLast updated: January 30, 2026
The integrated facility management market is set to grow at a 4.2% CAGR from 2021 to 2031, driven by smart buildings and cloud solutions.
Demand for integrated facility management (IFM) is expected to close in on US$ 730 Bn in 2021. As per Persistence Market Research analysis, the market will register steady growth at 4.2% CAGR from 2021 to 2031.
According to the International Facility Management Association (IFMA), facility managers, must, in their capacity, “ensure functionality, comfort, safety, and efficiency of the built environment by integrating people, place, process, and technology.”
Advanced organizations are getting advisory and transaction services, facilities management, and project services under one supplier, and while offering a single point of control. For large corporations, integrated facility management is a proven way for the streamlining of operations and efficient management of tasks.
Companies such as Wipro are providing IFM solutions combining the organization’s functions and facility services into a single platform. This helps in streamlining the communication between business leaders and facility managers, further aiding in increasing the efficiency of buildings and simplifying everyday operations.
Companies are also entering into partnerships with facility managers and operators in order to identify new opportunities, reimagine their businesses, create a digital roadmap, and integrate people, process, and technology.
In evaluation with managing every independent stakeholder and every task numerous times, integrated facility management offers increased visibility leading to quicker responses to requests, effective management of teams, reduction of operation costs, and less downtime for employees. Hence, there has been a rise in demand for IFM solutions and services across different industry verticals.
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Key Takeaways from Market Study
“Growing popularity of smart buildings is anticipated to drive demand for IFM in mature markets,” says a Persistence Market Research analyst.
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COVID-19 Pandemic Impact Analysis
The COVID-19 pandemic outbreak has disrupted many industries, including the integrated facility management market. The spread of COVID-19 has affected industries in Europe, Asia, and North America, and partially in the Middle East, Africa, and Latin America.
A lot of industry verticals have been affected during the pandemic. However, there has been a positive impact on the adoption of IFM solutions and services during this crisis. Increase in demand for all facilities under one platform is anticipated to drive market growth. However, factors such as higher cost of management are anticipated to hamper market growth to some extent.
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Market Drivers
Find More Valuable Insights
Persistence Market Research puts forward an unbiased analysis of the global Integrated Facility Management market, providing historical demand data (2016-2020) and forecast statistics for the period 2021-2031.
To understand the opportunities in this space, the market is segmented on the basis of solution (integrated facility management (IFM) platforms (cloud-based and on-premise) and services, (professional services, facilities management services, consulting services, integration & implementation services, and support & maintenance), managed services), enterprise size (SMEs and large enterprises), and industry (government, manufacturing, healthcare, retail & CPG, IT & telecom, education, BFSI, travel & hospitality, and others), across six major regions of the world.
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The post Demand for integrated facility management (IFM) market will register steady growth at 4.2% CAGR from 2021 to 2031 appeared first on Lake Shore Gazette.
The article discusses the growth and demand for integrated facility management (IFM) solutions from 2021 to 2031.
Smart buildings, cloud-based solutions, and the need for streamlined operations drive IFM market growth.
The COVID-19 pandemic increased the adoption of IFM solutions, despite some disruptions in various industries.
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