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Study Values Facility Management Market at $1.12 Trillion

Included in the findings is data showing that FM remains the most developed in Europe and North America, but with other significant global opportunities.

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Recently, the International Facility Management Association joined Global FM in sharing a detailed new study that estimates the annual worth of the global facility management market to be 1.12 trillion.

"The most compelling visions of the future include smart buildings and cities that require smart professionals to run them,” said IFMA president and CEO, Tony Keane. “The demand for facility services is growing globally, and independently of regional variations in the current levels of FM market development.”

Included in the findings is data showing that FM industry remains the most developed in Europe and North America while tremendous opportunities can be found elsewhere if regional challenges can be met. These challenges include an undersupply of labor and FM industry fragmentation.

In April of this year, IFMA and the Royal Institution of Chartered Surveyors (RICS) announced a collaboration to address both of these challenges by supporting unification through a shared career map and sharing of research and training assets.

For more information on Global FM, visit www.globalfm.org. Additional data on the collaboration can be found at www.ifma.org/ricscollaboration.

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