Southeast Asian Integrated Facilities Management Growth Opportunities

Southeast Asian Integrated Facilities Management Growth Opportunities

Acknowledgment of Transformative Trends, Particularly Those Pertaining to Technology Adoption, will be Key to Service Providers’ Advancement in the Region

RELEASE DATE
11-Jun-2021
REGION
Asia Pacific
Research Code: PB62-01-00-00-00
SKU: EN01249-AP-MT_25507

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Description

The Southeast Asian (SEA) integrated facilities management (IFM) market is in the development stage of the growth life cycle, primarily supported by narrowing expectation gaps between IFM providers and end users, greater demand for energy efficiency, and regulatory support. Growth is also driven by the emergence of service providers that offer specialized FM services.

However, conservative end users restrain growth, particularly those from countries with slow acceptance of outsourcing or poor FM development (which, in turn, delay acceptance of the integrated concept). Uncertainties related to the outbreak of the COVID-19 pandemic in 2020 have resulted in negative developments; in addition, the market has been affected by the lack of common protocol and skilled personnel, and these factors have resulted in slow growth.

Moreover, development varies across countries—some countries record high IFM adoption (Singapore, Malaysia), while others see slower uptake (the Philippines and Vietnam). However, overall regional adoption is lower than neighboring regions such as Australia and New Zealand or Japan and South Korea. In terms of technology, mature end users in SEA are open to the adoption of technology-supported solutions, including real-time data and data analytics. The need to reduce reliance on human resources and minimize risks and costs are also key to the uptake of technology in the region.

This Frost & Sullivan study discusses market drivers and restraints; forecast and trends; and competitive landscape. It also offers an in-depth country analysis that covers Malaysia, Singapore, Indonesia, the Philippines, Vietnam, and Thailand. The study period runs from 2018 to 2025, and the base year is 2020.

Key Issues Addressed

  • Is the market growing? How long will it continue to grow? At what rate will it grow?
  • How much potential does the market hold? What does the current trend of outsourcing look like?
  • How will the structure of the market change over time? Is the market observing consolidation?
  • Do existing products meet customer needs? Is additional development required?
  • What key growth opportunities should market participants pay attention to?

Author: Janice Wung

RESEARCH: INFOGRAPHIC

This infographic presents a brief overview of the research, and highlights the key topics discussed in it.
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Table of Contents

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top Three Strategic Imperatives on Integrated Facilities Management

Growth Opportunities Fuel the Growth Pipeline Engine™

Scope of Analysis

Definitions

Definitions (continued)

Segmentation

Key Competitors

Key Growth Metrics

Growth Drivers

Growth Restraints

Forecast Assumptions

Revenue Forecast

Revenue Forecast Analysis

Revenue Forecast by Industry Vertical

Revenue Forecast Analysis by Industry Vertical

Pricing Trends and Forecast Analysis

Competitive Environment

Revenue Share of Top Participants

SWOT Analysis

SWOT Analysis (continued)

Key Growth Metrics for IFM, Malaysia

Revenue Forecast for IFM, Malaysia

Revenue Forecast Analysis for IFM, Malaysia

Revenue Forecast by Industry Vertical for IFM, Malaysia

Revenue Forecast Analysis by Industry Vertical for IFM, Malaysia

Key Growth Metrics for IFM, Singapore

Revenue Forecast for IFM, Singapore

Revenue Forecast Analysis for IFM, Singapore

Revenue Forecast by Industry Vertical for IFM, Singapore

Revenue Forecast Analysis by Industry Vertical for IFM, Singapore

Key Growth Metrics for IFM, Indonesia

Revenue Forecast for IFM, Indonesia

Revenue Forecast Analysis for IFM, Indonesia

Revenue Forecast by Industry Vertical for IFM, Indonesia

Revenue Forecast Analysis by Industry Vertical for IFM, Indonesia

Key Growth Metrics for IFM, The Philippines

Revenue Forecast for IFM, The Philippines

Revenue Forecast Analysis for IFM, The Philippines

Revenue Forecast by Industry Vertical for IFM, The Philippines

Revenue Forecast Analysis by Industry Vertical for IFM, The Philippines

Key Growth Metrics for IFM, Vietnam

Revenue Forecast for IFM, Vietnam

Revenue Forecast Analysis for IFM, Vietnam

Revenue Forecast by Industry Vertical for IFM, Vietnam

Revenue Forecast Analysis by Industry Vertical for IFM, Vietnam

Key Growth Metrics for IFM, Thailand

Revenue Forecast for IFM, Thailand

Revenue Forecast Analysis for IFM, Thailand

Revenue Forecast by Industry Vertical for IFM, Thailand

Forecast Analysis by Industry Vertical for IFM, Thailand

Growth Opportunity 1—Workplace Management to Optimize Occupier Experience, 2020

Growth Opportunity 1—Workplace Management to Optimize Occupier Experience, 2020 (continued)

Growth Opportunity 2—Data Analytics to Improve Maintenance and Costs, 2020

Growth Opportunity 2—Data Analytics to Improve Maintenance and Costs, 2020 (continued)

Growth Opportunity 3—Energy Management to Optimize Cost and Comply with Building Standards, 2020

Growth Opportunity 3—Energy Management to Optimize Cost and Comply with Building Standards, 2020 (continued)

Growth Opportunity 4—Market Collaboration and Consolidation to Leverage Knowledge and Experience, 2020

Growth Opportunity 4—Market Collaboration and Consolidation to Leverage Knowledge and Experience, 2020 (continued)

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List of Exhibits

List of Exhibits (continued)

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Related Research
The Southeast Asian (SEA) integrated facilities management (IFM) market is in the development stage of the growth life cycle, primarily supported by narrowing expectation gaps between IFM providers and end users, greater demand for energy efficiency, and regulatory support. Growth is also driven by the emergence of service providers that offer specialized FM services. However, conservative end users restrain growth, particularly those from countries with slow acceptance of outsourcing or poor FM development (which, in turn, delay acceptance of the integrated concept). Uncertainties related to the outbreak of the COVID-19 pandemic in 2020 have resulted in negative developments; in addition, the market has been affected by the lack of common protocol and skilled personnel, and these factors have resulted in slow growth. Moreover, development varies across countries—some countries record high IFM adoption (Singapore, Malaysia), while others see slower uptake (the Philippines and Vietnam). However, overall regional adoption is lower than neighboring regions such as Australia and New Zealand or Japan and South Korea. In terms of technology, mature end users in SEA are open to the adoption of technology-supported solutions, including real-time data and data analytics. The need to reduce reliance on human resources and minimize risks and costs are also key to the uptake of technology in the region. This Frost & Sullivan study discusses market drivers and restraints; forecast and trends; and competitive landscape. It also offers an in-depth country analysis that covers Malaysia, Singapore, Indonesia, the Philippines, Vietnam, and Thailand. The study period runs from 2018 to 2025, and the base year is 2020.--BEGIN PROMO--

Key Issues Addressed

  • Is the market growing? How long will it continue to grow? At what rate will it grow?
  • How much potential does the market hold? What does the current trend of outsourcing look like?
  • How will the structure of the market change over time? Is the market observing consolidation?
  • Do existing products meet customer needs? Is additional development required?
  • What key growth opportunities should market participants pay attention to?

Author: Janice Wung

More Information
No Index No
Podcast No
Author Janice Wung
Industries Environment
WIP Number PB62-01-00-00-00
Is Prebook No
GPS Codes 9343-A4