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

RELEASE DATE
22-Jan-2021
REGION
South Asia, Middle East & North Africa
Research Code: PAF0-01-00-00-00
SKU: EN01235-SA-MT_25203

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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.
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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

Related Research
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.--BEGIN PROMO--

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
More Information
Author Saraswathi Venkatesan
GPS Codes 9343-A4
Industries Environment
No Index No
Is Prebook No
Podcast No
WIP Number PAF0-01-00-00-00