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
Adapting to Evolving Demands is Key to Capturing Market Presence
save 10 %
* Required Fields
Pay by invoice
The Asia-Pacific facilities management (FM) market is enjoying stable growth, primarily supported by rapid FM development in developing markets and offset by low growth in mature markets. The increasing outsourcing culture and growing asset base due to construction activity and greater familiarity of information technologies across most corporations are expanding the penetrable FM market base. In addition, the growing need for cost efficiency from some end-user sectors and upcoming trends on energy efficiency and changes in the workplace, are positively shifting market development. However, market development is affected when large, conservative end-users delay acceptance of sophisticated FM propositions, or even outsourcing in general. The lack of market standardization and the shortage of skilled personnel dampen possible market development. Furthermore, budget restriction and financial pressure, particularly in non-critical FM expenditure, together with market saturation witnessed in certain segments or country markets, are impacting overall market development. Asia-Pacific observes growth contributed by rapid market development from Indonesia and Thailand, and to a certain extent, Malaysia. In terms of a region as a whole, the rapid development from developing facilities management markets are offset by stable, lower single-digit growth from developed markets. By country, Australia has the highest FM maturity among Asia-Pacific countries. High integrate facilities management (IFM) adoption is an indicator of strong acceptance of sophisticated solutions among end-users. By end-user segment, the commercial sector led in almost all country markets due to the high maturity among commercial end-users on FM concepts and ease of penetration for service providers. There are 12 key growth opportunities identified in this study, from both the vision-and-strategy perspective as well as the brand-and-demand aspect. This study analyzes the Asia-Pacific facilities management (FM) market, covering market drivers, restraints, forecasts, trends, and a brief competitive landscape of the overall market. The study also dives into analyzing the market by region: Southeast Asia, Australia and New Zealand, and Japan and South Korea. This study covers the 2016 to 2023 timeframe with 2018 being the base year.
Key Issues Addressed
Author: Janice Wung
The Future of Smart Buildings—Top 10 Growth Opportunities in the Global Building Automation Market
Impact of COVID-19 on the Gulf Corporation Council (GCC) Facilities Management Market
Global Zero Energy Buildings (ZEB) Promise New Efficiency Beyond Cost and Innovative Technologies, 2020
Technology and Sustainability to Drive Recovery in the UK Facility Management Market
Southeast Asia Smart Street Lighting Market Calls for Convergence of Illumination and Information Technologies, 2020
Digital Transformation and the Internet of Things Propel the Global Heating, Ventilation, and Air Conditioning Equipment Market, 2020
North American Energy Saving and Performance Contracting Market, Forecast to 2022
Strategic Analysis of the LED Lighting Market in Southeast Asia
Winning Solutions and Applications in the Connected Homes Market
Singapore Facilities Management Industry Tracker, 2017
natural flavors market
medical robots market
commercial lighting market
solar energy market
alternative energy market
nanophotonic equipment market
natural gas 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.