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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
11-Jun-2021
Asia Pacific
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.Click image to view it in full size
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)
Your Next Steps
Why Frost, Why Now?
List of Exhibits
List of Exhibits (continued)
Legal Disclaimer
Popular Topics
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
| No Index | No |
|---|---|
| Podcast | No |
| Author | Janice Wung |
| Industries | Environment |
| WIP Number | PB62-01-00-00-00 |
| Is Prebook | No |
| GPS Codes | 9343-A4 |
