Facilities Support Services Global Market Sees Growth Rate Of 13% Through 2022

The global facilities support services market size is expected to grow from $146.89 billion in 2021 to $165.39 billion in 2022 at a compound annual growth rate (CAGR) of 12.6%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The facilities support services market is expected to reach $256.87 billion in 2026 at a CAGR of 11.6%.

What is the Global Facilities Support Services Market?

The facilities support services market consists of sales of facilities support services and related goods by entities (organizations, sole traders and partnerships) that provide operating staff to perform a combination of support services within a client's facilities. Examples of facilities support services include janitorial, maintenance, trash disposal, guard and security, mail routing, reception, laundry, and related services to support operations within facilities.

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What drives the Global Facilities Support Services Market?

Facilities support activities companies are increasingly using technology to effectively recruit and manage candidates. These technologies offer features such as passive activity tracking, integration with email platforms and maintaining candidate databases. This reduces recruitment time, improves placement quality, and strengthens relationship with clients. Recruitment analytics software also provides helpful business insights for staffing agencies. For example, in North America, 64% of firms use technologies such as an applicant tracking system (ATS) to track candidate activity and about 60% firms use a customer relationship management (CRM) system for business development.

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Global Facilities Support Services Market Segments
The global facilities support services market is segmented:
By Type: Maintenance Services, Security and Guard Services, Reception Services, Other Facilities Support Services
By Mode: Online, Offline
By Deployment Type: On-Premise, Cloud
By Geography: The regions covered in the facilities support services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Facilities Support Services Global Market Report 2022provides market size and growth forecasts for the global facilities support services market, global facilities support services market share, facilities support services market segments and geographies, facilities support services market competitive landscape including leading competitors’ revenues, profiles and market shares. The facilities support services market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Global Facilities Support Services Industry Playersinclude Jones Lang LaSalle Inc., Sodexo, CBRE Group, ISS A/S, Cushman & Wakefield Inc., Atalian Servest, Emcor Group, Alstom SA, ABM Industries Inc. and Grupo ACS. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.