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Facilities Management Market size is set to grow by USD 826.91 billion from 2024-2028, Increasing demand for cloud-based facilities management solutions boost the market, Technavio

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NEW YORK, May 23, 2024 /PRNewswire/ — The global facilities management market size is estimated to grow by USD 826.91 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 9.61% during the forecast period.

For more insights on the forecast market size and historic data (2018 – 2022) – Request a sample report!

Facilities Management Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 9.61%

Market growth 2024-2028

USD 826.91 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

8.97

Regional analysis

North America, APAC, Europe, South America, and Middle East and Africa

Performing market contribution

North America at 37%

Key countries

US, China, India, Germany, and France

Key companies profiled

ABM Industries Inc., Atlas Facilities Management Ltd., CBRE Group Inc., Coor Service Management Holding AB, Cushman and Wakefield Plc, International Business Machines Corp., ISS AS, Johnson Controls International Plc, Jones Lang LaSalle Inc., Mitie Group Plc, OCS Group International Ltd., Quess Corp. Ltd., Securitas AG, Serco Group Plc, ServiceMax Facility Management Pvt. Ltd., SIS Ltd., SMS Integrated Facility Services Pvt. Ltd., The Brinks Co., Aramark, and Sodexo SA

Market Driver

The facilities management market is experiencing significant growth due to the integration of IoT and Industry 4.0 technologies. IoT networks, comprised of sensors, thermostats, and actuators, enable data-driven decisions, enhancing performance and extending asset lifespan. Predictive maintenance, a key IoT application, uses real-time data for equipment condition monitoring, reducing operational costs and boosting productivity.

Facilities management encompasses hard services like HVAC systems, electrical installations, and plumbing, as well as soft services such as management and compliance. AI-Powered solutions streamline operations, ensuring quick response to emergencies and maintaining regulatory compliance. Investments in efficient facilities management contribute to organizational success, fostering employee satisfaction and retention. Outsourcing to specialized firms can optimize resources and enhance cost-effectiveness, promoting sustainability and industry growth.

Market Challenges

In the facilities management market, small organizations in growing economies confront significant budget limitations, compelling them to seek investment in strategic assets aligned with their organizational goals. Despite this, they may forego professional facilities management services from reputable providers, leading to subpar services. Consequences include increased maintenance and operational costs, negatively impacting profitability. Additionally, escalating labor costs, particularly in the North American region, hinder market expansion during the forecast period. To refine and optimize operations, organizations prioritize operational excellence, customer satisfaction, and innovation. Advanced technologies, such as AI-enabled solutions, predictive analytics, and automation, are adopted to streamline processes, promote sustainable practices, and enhance the overall client experience.SPIE and optimization measures are implemented to ensure superior technical facility performance, utilizing cutting-edge technologies and digital building operations for transparent energy control systems and hazard management. The transformative shift towards advanced facilities management practices aims to reduce costs, improve efficiency, and address client needs effectively.

Research report provides comprehensive data on impact of trend, driver and challenges – Request a sample report!

Segment Overview

Service1.1 Soft services1.2 Hard servicesEnd-user2.1 Commercial2.2 Government2.3 ResidentialGeography3.1 North America3.2 APAC3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 Soft services- In the Facilities Management Market, the service segment represents a significant investment and strategic asset in achieving organizational goals. This segment, which includes soft services such as housekeeping, transportation, catering, and security, refines and optimizes operational excellence by enhancing customer satisfaction and promoting innovation and improvement.

Soft services contribute to a superior facility environment, enabling businesses to streamline processes, adopt sustainable practices, and leverage advanced technologies like AI-enabled solutions, predictive analytics, and automation. These measures aim to optimize operations, reduce costs, and enhance the overall client experience.

The market for outsourced facilities management continues to grow and develop, with a transformative shift towards digital building operations, transparent energy control systems, hazard management, and optimization measures. SPIE, a leading player in this field, focuses on the adoption of cutting-edge technologies and management practices to meet client needs and improve efficiency.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

The Facilities Management (FM) market encompasses organizations that specialize in managing and optimizing the operational excellence of an entity’s physical assets. These firms focus on refining and improving efficiency, productivity, and cost-effectiveness in various industries through the implementation of advanced technologies and sustainable practices.

By offering management services for both hard services, such as maintenance and repairs, and soft services, like employee satisfaction and customer service, these solution providers contribute significantly to organizational goals. The FM industry’s growth is driven by the need for outsourcing non-core activities, the pursuit of strategic assets, and the desire for innovation and improvement to meet client needs. Sustainability and control are essential benefits of FM, ensuring long-term performance, service delivery, and adherence to industry growth.

Market Research Overview

The Facilities Management (FM) market encompasses the optimization and maintenance of physical workplaces and infrastructure. This includes operations such as real estate management, building maintenance, and essential services like security, catering, and cleaning. The FM industry leverages technology to improve efficiency and productivity, with solutions like Internet of Things (IoT) sensors, computerized maintenance management systems (CMMS), and building automation systems (BAS) gaining popularity.

The market is driven by factors such as increasing demand for energy efficiency, the need for workplace safety, and the growing trend towards outsourcing FM services. Additionally, the integration of artificial intelligence (AI) and machine learning (ML) technologies is expected to revolutionize the industry by enabling predictive maintenance and optimizing resource utilization.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ServiceSoft ServicesHard ServicesEnd-userCommercialGovernmentResidentialGeographyNorth AmericaAPACEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Larry Ellison Cancels His Plan to Sell Oracle Stock

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AUSTIN, Texas, Sept. 12, 2026 /PRNewswire/ — Oracle Corporation (NYSE: ORCL) today announced that Larry Ellison, Executive Chair of the Board and Chief Technology Officer, has cancelled his 10b5-1 Plan to sell Oracle stock. No Oracle stock was sold under that plan, and he has no other plans to sell any of his Oracle stock.

About Oracle
Oracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. For more information about Oracle (NYSE: ORCL), please visit us at www.oracle.com.

Trademarks
Oracle, Java, MySQL, and NetSuite are registered trademarks of Oracle Corporation. NetSuite was the first cloud company—ushering in the new era of cloud computing.

“Safe Harbor” Statement: Statements in this press release relating to future plans, expectations, beliefs, intentions and prospects, are “forward-looking statements” and are subject to material risks and uncertainties. A detailed discussion of risks that affect our business is contained in our SEC filings, including our most recent reports on Form 10-K and Form 10-Q, particularly under the heading “Risk Factors.” Copies of these filings are available online from the SEC or by contacting Oracle’s Investor Relations Department at (650) 506-4073 or by clicking on SEC Filings on the Oracle Investor Relations website at www.oracle.com/investor/. All information set forth in this press release is current as of September 12, 2026. Oracle undertakes no duty to update any statement in light of new information or future events.

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SOURCE Oracle

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CBE’s 233 MW Kamoa Project Comes Online with AIKO ABC Modules

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YIWU, China, Sept. 12, 2026 /PRNewswire/ — CrossBoundary Energy’s (CBE) 233 MW Kamoa solar project in the Democratic Republic of the Congo (DRC) has achieved full-capacity grid connection and entered commercial operation. Completed just 16 months after the power purchase agreement was signed, the project sets a new delivery benchmark for large-scale solar in Africa.

Powered by AIKO’s high-efficiency ABC modules, Kamoa is Africa’s first project to provide round-the-clock baseload power entirely through an integrated solar-plus-storage system. It offers a replicable clean energy solution for mining operations seeking both reliable power and lower carbon emissions.

The project is located next to the Kamoa-Kakula Copper Complex, one of the world’s largest copper mining operations. Remote mines across Africa have traditionally relied on diesel generators to sustain continuous production, leaving operators exposed to fuel-price volatility and increasing carbon-related compliance costs.

Kamoa uses approximately 360,000 AIKO 655 W dual-glass modules in the 66-cell format. With a mass-production efficiency of 24.2%, each module delivers 30 W more power than comparable products of the same format. Their superior temperature coefficient and hotspot suppression performance also support stable generation and system safety under the mine’s hot, high-irradiance conditions.

By combining lower levelized cost of energy with reliable round-the-clock supply, the project replaces conventional diesel generation, reduces energy-price risk and lowers the carbon footprint of Kamoa’s copper production. This strengthens the competitiveness of its products as carbon requirements tighten in international markets.

Over its 30-year lifecycle, Kamoa is expected to generate 7.8 billion kWh of electricity and avoid approximately 78,800 tonnes of carbon emissions annually. As the DRC diversifies beyond its hydropower-dominated energy mix, the project provides a valuable model for integrating renewable power with mining across Africa.

The successful delivery of Kamoa further strengthens AIKO’s position in Africa’s fast-growing solar market. AIKO will continue to advance the global energy transition through high-efficiency technology and long-term value creation.

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HVAC Expert Darrin Monks Explains How Dry Air Impacts Indoor Air Quality and Health in Colorado Homes in HelloNation

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The article outlines how humidity control and proper HVAC planning support comfort, efficiency, and healthier indoor environments.

STRASBURG, Colo., Sept. 12, 2026 /PRNewswire/ — How does dry Colorado air affect indoor air quality and overall health inside the home? HelloNation has published the answer in an article featuring insights from HVAC Expert Darrin Monks of U.S. Mechanical Company in Strasburg, Colorado.

The HelloNation article explains that indoor air quality is a critical but often overlooked part of home comfort. In Strasburg, Colorado, dry air is common, especially during the winter months. The article notes that low humidity levels can irritate the eyes, nose, and throat and may worsen asthma or allergy symptoms.

According to the article, dry air also affects more than personal comfort. It can increase static electricity and cause damage to wood floors, furniture, and musical instruments. Addressing indoor air quality in Strasburg, CO, helps protect both health and household materials throughout the year.

The article describes how the region’s high elevation, cold winters, and naturally low humidity create ongoing challenges. When heating systems run during colder months, they can further reduce indoor moisture levels. This combination often leaves homes feeling colder and less comfortable, even when thermostats are set at normal temperatures.

Managing humidity properly can improve both comfort and HVAC performance. The article explains that many homeowners begin with portable units, but these often provide uneven coverage. A whole-home humidifier offers a more consistent solution by distributing moisture evenly through the HVAC system.

Dry air can also affect equipment efficiency. The article notes that when humidity levels are too low, heating systems may work harder to maintain comfort. This added strain can increase energy use and lead to more frequent HVAC repairs. Integrating a whole-home humidifier with an energy-efficient HVAC setup can reduce wear and support more stable indoor temperatures.

The HelloNation article also highlights the benefits of pairing humidity control with smart thermostat installation in Strasburg. This combination allows homeowners to monitor and adjust both temperature and moisture levels more precisely. Improved control can enhance comfort while supporting lower monthly utility costs.

Beyond dryness, the article addresses airborne particles such as dust and pollen that can accumulate when homes remain closed during winter. Regular HVAC maintenance, including filter replacement and duct cleaning, plays an important role in protecting indoor air quality. A properly maintained HVAC system combined with humidifier installation can promote cleaner air and healthier breathing conditions.

The article emphasizes that children, seniors, and individuals with respiratory concerns may be especially sensitive to poor indoor air quality. Common symptoms of dry air include itchy eyes, sore throats, dry skin, and persistent coughing. Balanced humidity levels can ease these symptoms and create a more supportive indoor environment.

Professional planning is another key theme. The article explains that humidifier installation should be coordinated with properly sized equipment to ensure even air distribution. HVAC installation in Strasburg, CO, performed by experienced contractors helps ensure that all components work together efficiently and reduces the likelihood of future HVAC repair.

Cost considerations are also addressed. While installing a whole-home humidifier or upgrading to an energy-efficient HVAC system requires upfront investment, the article notes that long-term benefits often include fewer repairs, improved comfort, and lower energy bills. Careful equipment selection and qualified installation support lasting results.

The article concludes that improving indoor air quality through humidity control, routine maintenance, and thoughtful HVAC system design directly supports health and comfort. In Colorado’s dry climate, proactive solutions help homeowners maintain balanced air, protect their homes, and promote well-being year-round.

Understanding Indoor Air Quality: Why Dry Colorado Air Impacts Your Health features insights from Darrin Monks, HVAC Expert of Strasburg, Colorado, in HelloNation.

About HelloNation
HelloNation is America’s Good News Network, a premier media platform built on the idea that good news travels faster when real people tell real stories. Through its community-focused publications and innovative “edvertising” approach, HelloNation delivers content that informs, inspires, and spotlights the leaders making a meaningful impact in their communities.

www.hellonation.com

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SOURCE HelloNation

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