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Sustainability and Digital Transformation Boost FM Uptake in GCC Countries
Sustainability and Digital Transformation Boost FM Uptake in GCC Countries
The Shift from Price to Value-based Bundled Contracts Drive Growth Opportunities
22-Jan-2021
South Asia, Middle East & North Africa
Market Research
Description
Facility management (FM) is gaining traction in the GCC, as more end users have begun to appreciate the impact FM has on the bottom line; energy management is now being incorporated into FM Contracts. Besides, the use of sophisticated assets means that they will require higher quality and standards of asset management.
With mega events, such as the EXPO 2020 and FIFA world cup 2022 set to showcase the region to the world, FM will no longer be considered a labor-intensive process but will be a factor that has a positive impact on the brand and the value of companies. Booming business in the construction, hospitality, and tourism sectors will be the top driver while the lack of qualified personnel, perception of FM outsourcing as loss of control, and the largely unorganized structure of the market will be the top challenges.
Though strategic partnerships are certain to garner market share, this report offers insights into the growth opportunities available and critical factors that participants may consider for succeeding in the industry.
This study captures major technological trends that will define the future of FM services in the GCC and general trends observed in each of the countries in the GCC. While UAE is the most advanced in terms of adoption of technology and service expectations on par with rest of the world, other countries in the region are warming up to the idea that FM outsourcing could in fact lead to operational efficiency and have a positive impact on the profits.
The study covers key trends from 2020 to 2024 and predictions and forecasts for up to 2024. This study also presents the competitive landscape, market share in major markets, competitive trends, the impact of technology, growth opportunities and critical success factors.
Key participants are expected to consider strategic partnerships to gain market share and mine for opportunities in energy management, waste management, and other adjacencies to stay ahead of competition.
Key Issues Addressed
- What is the market outlook for FM in GCC?
- How is the competitive landscape? What are the main competitive factors for participants in the market?
- What are the key growth opportunities for market participants?
- What are the demand drivers and challenges in the region and how are they likely to impact future market growth?
- What are the key technology and other trends affecting the market?
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 GCC FM Market and the Strategic Imperative 8™
Growth Opportunities Fuel the Growth Pipeline Engine™
Key Findings
Key Findings Related to COVID-19
GCC FM Services Scope of Analysis
Facility Management Segmentation
Key Competitors in GCC FM Industry
Key Competitors in GCC FM Industry (continued)
Key Growth Metrics for the GCC FM Market
Growth Drivers for the GCC FM Market
Growth Driver Analysis for the GCC FM Market
Growth Driver Analysis for the GCC FM Market (continued)
Growth Driver Analysis for the GCC FM Market (continued)
Growth Restraints for GCC FM Market
Growth Restraint Analysis for the GCC FM Market
Growth Restraint Analysis for the GCC FM Market (continued)
Forecast Assumptions—GCC FM Market
Revenue Forecast—GCC FM Market
Revenue Forecast by Service Type
Revenue Forecast by Country
Revenue Forecast by End-user Vertical
Revenue Forecast Analysis—the GCC FM Market
Revenue Forecast Analysis by Country—the GCC FM Market
Revenue Forecast Analysis by Country—the GCC FM Market (continued)
Revenue Forecast Analysis by Country—the GCC FM Market (continued)
Revenue Forecast Analysis by End-user Vertical
Revenue Forecast Analysis by End-user Vertical (continued)
Revenue Forecast Analysis by End-user Vertical (continued)
Revenue Forecast Analysis by End-user Vertical (continued)
Revenue Forecast Analysis by Service Type
Competitive Environment—GCC FM Market
Revenue Share—GCC FM Market
Revenue Share Analysis—GCC FM Market
Competitive Structure—KSA FM Market
Zahran—KSA
Seder Group—KSA
Samama—KSA
Nesma Trading—KSA
Almajal—KSA
Competitive Structure—UAE FM Market
Emrill—UAE
Imdaad—UAE
EtiSalat FM—UAE
Khidmah—UAE
Idama FM—UAE
Al Shirawi FM—UAE
Competitive Structure—Bahrain FM Market
Competitive Structure—Kuwait FM Market
Competitive Structure—Qatar FM Market
Competitive Structure—Oman FM Market
Trend 1: Sustainability
Trend 2: IoT & Cloud Solutions
Trend 2: IoT & Cloud Solutions (continued)
Trend 3: BIM with FMS
Trend 3: BIM with FMS (continued)
Trend 4: AI, Drones, & Robots
Trend 4: AI, Drones, & Robots (continued)
Trend 5: Selling to the CXO
Other Trends
Growth Opportunity 1: Cleaning and Sanitization Services to Prevent Spread, 2020
Growth Opportunity 1: Cleaning and Sanitization Services to Prevent Spread, 2020 (continued)
Growth Opportunity 2: HVAC Maintenance to Improve Air Quality, 2020
Growth Opportunity 2: HVAC Maintenance to Improve Air Quality, 2020 (continued)
Growth Opportunity 3: Work Place Change Management and Work Place Optimization, 2020
Growth Opportunity 3: Work Place Change Management and Work Place Optimization, 2020 (continued)
Growth Opportunity 4: Energy Management to Improve Efficiency, 2020
Growth Opportunity 4: Energy Management to Improve Efficiency, 2020 (continued)
Growth Opportunity 5: Technology Consulting in FM Industry, 2020
Growth Opportunity 5: Technology Consulting in FM Industry, 2020 (continued)
3 Big Predictions
Your Next Steps
Why Frost, Why Now?
List of Exhibits
Legal Disclaimer
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Key Issues Addressed
- What is the market outlook for FM in GCC
- How is the competitive landscape What are the main competitive factors for participants in the market
- What are the key growth opportunities for market participants
- What are the demand drivers and challenges in the region and how are they likely to impact future market growth
- What are the key technology and other trends affecting the market
| Deliverable Type | Market Research |
|---|---|
| Author | Saraswathi Venkatesan |
| GPS Codes | 9343-A4 |
| Industries | Environment |
| No Index | No |
| Is Prebook | No |
| Podcast | No |
| WIP Number | PAF0-01-00-00-00 |