Explore more Categories
Artificial Intelligence involves the science and engineering of developing intelligent machines
The manufacturing world is at a cusp of a new revolution that will redefine conventional business models
IoT will have a major impact on businesses and consumers in the future
The world is creating 2.5 exabytes of data daily
Our research seeks to connect-the-dots across multiple trends
Personal Robots are Set to Be a $19 Billion Market
Strategic Analysis of BREXIT and its Implications to Industries, Economies and Societies
Time for a Digital Revolution in the Women’s Health Market
iFrost is a digital platform for interactive and dynamic reporting of data.
The TOEs are a great source of information which gives corporates critical information on companies to action for their strategic investments either as an open source platform or to collaborate and to develop successful products
Technology Adoption and Service Efficiency to Advance FM as the Economy Improves Post-pandemic
* Required Fields
Pay by invoice
The Australian facilities management (FM) market registered disruption due to the COVID-19 pandemic in 2020, recording negative growth. It is forecast to remain negative in 2021. Frost & Sullivan expects the FM market to record stable development in 2022 as the economy recovers and fully recover by 2025 or 2026.New infrastructure development, hygiene awareness that leads to more frequent cleaning and sanitization, and smart and sustainable building development are the main drivers for FM services in Australia. However, reduced facility operations and work from home (WFH) policies due to the pandemic, service commoditization, fierce price competition and margin pressure, and reliance on in-house FM service delivery due to lack of outsourcing culture restrain market development. WFH practices have also prompted commercial office occupiers to downsize their office footprint.COVID-19 has made good hygiene practices a priority and increased the demand for hand sanitizers and surface cleaning services. It has also expanded access control technologies, automated sanitizing stations, people flow analysis, safety compliance checks, and staffed security for crowd control and social distancing enforcement. In terms of end-user vertical, more opportunities for FM service providers will likely come from healthcare facilities, from reactive maintenance to more strategic approaches in operations and maintenance.Australia's outsourced FM rate is considerably high at more than 60% of the total FM market. However, the preference to maintain an in-house FM team remains prevalent. The market recorded integrated facility management (IFM) penetration of more than 20% of the outsourced FM market. This penetration rate is considered good in the FM market. Owners of large facilities aim for scalability and service consolidation because IFM contracts lead to long-term cost savings. The study also provides analysis by engagement type, service type, and end-user verticals. It covers the 2018 to 2026 period, with 2020 as the base year. The study identifies four key growth opportunities for Australian FM market stakeholders: environmentally sustainable practices, analytics adoption, building performance optimization, and standards focus.Author: Melvin Leong
Global Low Voltage Switchgear Growth Opportunities
Global Li-Fi and Optical Camera Communications Growth Opportunities
Top 50 Companies Accelerating Digitalization in the Global Homes and Buildings Industry
North American Heating, Ventilation, and Air Conditioning Growth Opportunities
Italian Facilities Management Growth Opportunities
Southeast Asia Facilities Management Emerging Business Models and Growth Opportunities
New Zealand Facilities Management Growth Opportunities
Southeast Asian District Cooling Growth Opportunities
Singapore Facilities Management Cost Tracker, 2021
Thailand Residential and B2B Solar Rooftop Installations, Forecast to 2026
energy storage market
consumer electronics market
diabetes care devices market
aerospace industry outlook
diet food market
fleet management market
Don't have an account? Create One!
Enter your Email Address here to receive a link to change password.
If you are an existing frost.com user, please register using the same email for seamless access
Already have an account? Login!
Use your Linkedin account to login or register within our store.You're just one click away.