The France facilities management service market is led by players such as ATALIAN Global Services, Cresa, ISS World Services, Mace, and Sodexo. Intense rivalry persists among these leading players. Currently these players are offering singular and integrated services to end-use companies. In order to sustain competition, players are also concentrating on expanding their portfolios and introducing technologically advanced and innovative facilities management solutions, states a new report by Transparency Market Research (TMR).
According to the research report by TMR, the France facilities management market is expected to rise from US$48.02 bn in 2015 to US$110.4 bn by 2024, expanding at a 9.80% CAGR from 2016 to 2024. By service type, the security service segment not only led in 2015, but is also expected to continue leading throughout 2024. Analysts predict the segment will reach up to US$16.6 bn by 2024. The growing need for manned guarding so as to have access control across industries in France is the main reason behind the growth of the security service segment.
Business services and IT Sector to Continue to Lead in Facilities Management Market
By type of industry, the market is expected to be led by the business services and IT sector. The segment is expected to continue to grow even in the coming years, exhibiting a CAGR of 10.6% between 2016 and 2024. The segment owes its growth to technological advancements in the medical and healthcare fields. The hotel, leisure, and entertainment segment is expected to be the second leading segment and accounted for 11.7% of the market in 2015. The uptake of cleaning services, linen management, catering, logistics and maintenance services in hotel, leisure, and entertainment industry is behind the growth of this segment in France facilities management market.
Trend of Business Outsourcing to Third Parties to Prevail in France Facilities Management Market
The market for facilities management is greatly impacted by the emerging trend of business outsourcing. The realization of the numerous benefits of business outsourcing is driving more and more organizations to outsource their business to third parties. This is helping organizations to save on expenses and reduce considerable costs, in turn boosting the France facilities management market. Another key factor pushing the growth of the market is the increasing demand for standardization of services.
High Cost of Labor to Pose a Challenge for Players in Facilities Management Market in France
On the other hand the high cost of labor is expected to act as a restraint. In addition to this, in the coming years, the implementation of in-house services may restrict the adoption of facilities management services to an extent. All these factors are posing a challenge for facilities management vendors in France. On a bright side, however, it is likely that the France facilities management market will continue to grow despite these hindrances as the demand for property management will persist and so will the need for security.
The information presented in this review is based on a Transparency Market Research report, titled, “Facilities Management Market (Service - Facility/Property Management, Cleaning services, Security services, Property Services, Catering services, Support services, Hygiene & prevention and Logistics & production; Service Sourcing - In-house Services and Outsourced Services; Industry - Pharmaceuticals, Health Care, Business Services and IT, Public Administration, Industry and Manufacturing, Hotel, Leisure, and Entertainment, Retail and Wholesale, Energy & Resources, Food and Beverages, and Transportation and Logistics) - France Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024”
The France Facilities Management Market has been segmented as follows:
France Facilities Management Market, by Services
- Facility/Property Management (Workplace mgmt., risk mgmt., facilities administration)
- Cleaning Services
- Security Services
- Property Services
- Catering Services
- Support Services
- Hygiene & Prevention
- Logistics & Production?
France Facilities Management Market, by Service Sourcing
- In-house Services
- Outsourced Services?
France Facilities Management Market, by Industry
- Health Care
- Business Services and IT (Corporate)
- Public Administration (Government and Public Sector)
- Industry and Manufacturing (Manufacturing)
- Hotel, Leisure, and Entertainment
- Retail and Wholesale (Retail and Commercial)
- Energy & Resources
- Food and Beverages
- Transportation and Logistics
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