Middle East & Africa Facility Management Market Outlook, 2029
The Middle East & Africa Facility Management Market is segmented into By Component (Solutions, Services), By Solution (Integrated Workplace Management System (IWMS), Building Information Modeling, Facility Operations & Security Management, Facility Environment Management, Facility Property Management), By Service (Professional Services and Managed Services), By Enterprise size (Large enterprises and SMES) and By Vertical (Banking, Financial Services, & Insurance (BFSI), Healthcare & Life Sciences, IT & Telecom, Construction & Real Estate, Retail & manufacture, Government & Public Sector and others).
- Bonafide Research
- 31-03-2024
- Pages : 69
- Figures : 12
- Tables : 22
- Region : MEA
- Category : IT & Telecommunications
- Telecommunications & Networks
The Middle East & Africa Facility Management market is projected to reach market size of USD 5 Billion by 2029 by increasing investments in infrastructure.
- Historical Period2018-2022
- Base Year2023
- Forecast Period2024-2029
- Market Size (2029) USD 5 Billion
- Largest MarketSaudi Arabia
- Fastest Market Saudi Arabia
- Format
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Facility Management Market Market Analysis
The Middle East & Africa facility management industry is expanding rapidly due to rising demand for efficient and cost-effective management of commercial and residential buildings. Factors driving the Middle East facility management market include a growing real estate sector, rapid urbanization, and increased adoption of innovative technology. The region's governments are focusing on infrastructure improvements and smart city projects, creating a favorable climate for the facility management business. The market is fiercely competitive, with numerous domestic and international businesses competing in the region. The market is expected to witness substantial growth in the coming years, driven by emerging trends such as the incorporation of Internet of Things (IoT) devices and the use of artificial intelligence for predictive maintenance. Additionally, the increasing popularity of green buildings and sustainability practices is creating opportunities for facility management services in the region. Facility management services are in high demand throughout the Middle East and Africa due to rising urbanization, population growth, and ambitious infrastructure projects. Countries such as the United Arab Emirates (UAE), Saudi Arabia, Qatar, and South Africa are experiencing a strong real estate boom with the construction of commercial complexes, residential developments, hospitality projects, and transportation infrastructure. These developments necessitate a significant demand for facility management services to ensure the efficient operation, maintenance, and sustainability of constructed assets. In addition, the MEA region's healthcare sector is expanding as a result of increased investments in healthcare infrastructure and the adoption of modern healthcare facilities and technology. Facility management services play an important role in maintaining healthcare facilities, ensuring compliance with regulatory standards, and providing a safe and hygienic environment for patients, staff, and visitors. According to the research report "Middle East & Africa Facility Management Market Outlook, 2029," published by Bonafide Research, the Middle East & Africa Facility Management market is projected to reach market size of more than USD 5 Billion by 2029. The facility management sector in the UAE has grown at an exponential rate, fueled by government initiatives, regulatory reforms, and an increasing emphasis on sustainability and innovation. The creation of free zones, special economic zones, and smart cities has increased the demand for facility management systems that improve operational efficiency, sustainability, and user experience. Furthermore, the hosting of large events such as Expo 2020 Dubai has spurred investments in infrastructure and facility management services, opening up prospects for both domestic and foreign companies. Saudi Arabia's Vision 2030 project seeks to diversify the economy, attract foreign investment, and grow vital sectors such as tourism, entertainment, healthcare, and logistics. The construction of mega-projects such as NEOM, the Red Sea Project, and Qiddiya Entertainment City has created enormous demand for facility management services to support the operation, maintenance, and management of these ambitious developments. The government's emphasis on privatization and public-private partnerships (PPPs) has opened up opportunities for private sector participation in facility management projects across the kingdom. Countries in Africa, including Nigeria, South Africa, Kenya, Egypt, and Morocco, are undergoing fast urbanization, population growth, and economic expansion, which is increasing demand for facility management services. Urban development initiatives, commercial real estate investments, healthcare infrastructure development, and educational institutions are all driving the region's facility management market forward. Furthermore, the growth of the hospitality, tourist, and industrial sectors has increased demand for expert facility management services. Similarly, Gulf Cooperation Council (GCC) countries such as Qatar, Kuwait, Bahrain, and Oman are investing extensively in infrastructure projects, urban development, and tourism activities, resulting in increased demand for facility management services.
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Download SampleMarket Dynamic
Major Drivers Expanding real estate market: The real estate market in the Middle East and Africa is expanding rapidly, owing to urbanization, population growth, tourism, and economic development. The building of residential, commercial, hotel, and mixed-use developments has resulted in a large portfolio of properties that require expert facility management services to increase their value, attract tenants, and maintain a high standard of living and working conditions. Government initiatives and regulations: Governments in the Middle East and Africa are implementing a variety of policies and legislation to promote sustainability, efficiency, and innovation in facility management. These programs include green building standards, energy efficiency mandates, waste management rules, and smart city initiatives, all of which encourage the adoption of sustainable facility management practices and generate possibilities for providers of environmentally friendly solutions and services. Major Challenges Price pressure and cost management: Price pressure is a persistent issue in the MEA facility management business, fueled by fierce competition, economic unpredictability, and client requests for cost savings. Facility management providers frequently struggle to strike a balance between providing high-quality services and remaining competitively priced. Fluctuating commodity prices, currency depreciation, and inflationary pressures complicate cost management tactics, affecting profit margins and sustainability.
Facility Management Market Segmentation
| By Component | Solutions | |
| Services | ||
| By Solution | Integrated Workplace Management System (IWMS) | |
| Building Information Modelling | ||
| Facility Operations & Security Management | ||
| Facility Environment Management | ||
| Facility Property Management | ||
| By Service | Professional Services | |
| Managed Services | ||
| By Enterprise size | Large enterprises | |
| SMES | ||
| By Vertical | Banking, Financial Services, & Insurance (BFSI) | |
| Healthcare & Life Sciences | ||
| IT & Telecom | ||
| Construction & Real Estate | ||
| Retail & manufacture | ||
| Government & Public Sector | ||
| Others | ||
| MEA | United Arab Emirates | |
| Saudi Arabia | ||
| South Africa | ||
Based on component segment market is segmented into solution and service. Service component segment is expected to grow at fastest rate in Middle East & Africa facility management market. Based on enterprise size segment market is majorly divided into large enterprise and sme’s. SME’s enterprise size segment is expected to grow at fastest rate in Middle East & Africa facility management market. Organizations in the Middle East & Africa region are increasingly outsourcing facility management services to specialized service providers in order to improve operational efficiency and focus on core business activities. Outsourcing facility management services enables firms to have access to experience, technology, and resources without making major upfront expenditures in infrastructure and labor. The Service component section includes a wide range of services such as maintenance, cleaning, security, landscaping, pest control, and waste management, all of which are required for the smooth operation of built environments in diverse industries. The Middle East & Africa region is experiencing fast urbanization, population growth, and economic development, resulting in a growing need for specialist facility management services customized to clients' specific demands and difficulties. Service providers who specialize in healthcare, education, hospitality, retail, and industrial facilities are well-positioned to capitalize on market opportunities and drive growth in the service component segment. Clients value service providers that offer comprehensive solutions, customized service packages, and high-quality services that meet their specific requirements. Small and medium-sized enterprises frequently lack the resources and skills to handle facility operations internally. As a result, they are increasingly outsourcing facility management to specialist companies. Outsourcing allows SMEs to concentrate on their core business activities while outsourcing non-essential responsibilities like building maintenance, cleaning, security, and landscaping to third-party service providers. Small and medium-sized organizations (SMEs) often have smaller expenditures than bigger enterprises. Outsourcing facility management services to specialized providers enables SMEs to obtain high-quality services at competitive prices without incurring substantial upfront costs for equipment, manpower, or training. Because of its low cost, outsourcing is an appealing alternative for SMEs aiming to reduce operational costs and increase return on investment. Based on vertical segment market includes banking, financial services, & insurance (BFSI), healthcare & life sciences, IT & telecom, construction &, real estate, retail & manufacture, government & public sector and others. Retail & manufacture industry is expected to grow at fastest rate in Middle East & Africa facility management market. The retail business in the Middle East and Africa is rapidly expanding due to population growth, urbanization, increased disposable incomes, and shifting consumer tastes. Retailers are progressively investing in new stores, shopping malls, supermarkets, and hypermarkets to meet rising consumer demand. As the retail footprint grows, so does the demand for facility management services that support the operation, maintenance, and optimization of retail facilities. Retail and manufacturing facilities have distinct and complex facility management needs due to their various operations, specialized equipment, and enormous physical footprints. To provide customers with a nice shopping experience, retail facilities must be maintained, cleaned, secured, and serviced on a regular basis. Similarly, manufacturing facilities require specialized maintenance, equipment servicing, safety compliance, and operational assistance to ensure smooth production processes. Facility management providers play a crucial role in meeting these diverse needs and ensuring the efficient operation of retail and manufacturing facilities. Retailers and manufacturers are increasingly focused on optimizing operational efficiency to remain competitive in the market. Facility management services help improve operational efficiency by streamlining processes, reducing downtime, minimizing energy consumption, and optimizing resource utilization. By outsourcing facility management services, retail and manufacturing businesses can access specialized expertise, technology-driven solutions, and cost-effective services that contribute to operational excellence.
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Facility Management Market Market Regional Insights
Based on report market includes three major countries including United Arab Emirates, Saudi Arabia and South Africa. Saudi Arabia is expected to grow at fastest rate in Middle East & Africa facility management market. Saudi Arabia's Vision 2030 project seeks to diversify the economy, lessen reliance on oil revenue, and promote growth in non-oil industries such as tourism, entertainment, healthcare, and infrastructure. The government's emphasis on economic diversification has resulted in increased investment in infrastructure projects, urban development, and commercial real estate, boosting demand for facility management services. Saudi Arabia is working on major megaprojects such as NEOM, the Red Sea Project, Qiddiya Entertainment City, and Riyadh Metro, among others. These projects include the development of new cities, entertainment complexes, tourism attractions, transportation networks, and smart infrastructure, resulting in a high need for facility management services to support their operation, maintenance, and management. The Saudi government actively promotes privatization and public-private partnerships in a variety of industries, including utilities, transportation, healthcare, education, and real estate. Privatization measures have created chances for the private sector to participate in facility management projects, resulting in a more competitive market and promoting service delivery innovation. Saudi Arabia is rapidly urbanizing and expanding, notably in big cities like Riyadh, Jeddah, and Dammam. Urbanization trends are boosting demand for residential, commercial, and mixed-use buildings, creating a greater need for professional facility management services to assure the efficient operation, maintenance, and sustainability of built environments.
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Companies Mentioned
- Oracle Corporation
- Sap SE
- Trimble Inc.
- Johnson Controls International Plc
- IBM Corporation
- CBRE Group, Inc
- Jones Lang LaSalle Incorporated
Table of Contents
- 1. Executive Summary
- 2. Research Methodology
- 2.1. Secondary Research
- 2.2. Primary Data Collection
- 2.3. Market Formation & Validation
- 2.4. Report Writing, Quality Check & Delivery
- 3. Market Structure
- 3.1. Market Considerate
- 3.2. Assumptions
- 3.3. Limitations
- 3.4. Abbreviations
- 3.5. Sources
- 3.6. Definitions
- 4. Economic /Demographic Snapshot
- 5. Global Facility Management Market Outlook
- 5.1. Market Size By Value
- 5.2. Market Share By Region
- 5.3. Market Size and Forecast, By Component
- 5.4. Market Size and Forecast, By Solution
- 5.5. Market Size and Forecast, By Service
- 5.6. Market Size and Forecast, By Enterprise Size
- 5.7. Market Size and Forecast, By Vertical
- 6. Middle East & Africa Facility Management Market Outlook
- 6.1. Market Size By Value
- 6.2. Market Share By Country
- 6.3. Market Size and Forecast, By Component
- 6.4. Market Size and Forecast, By Enterprise Size
- 6.5. Market Size and Forecast, By Vertical
- 7. Market Dynamics
- 7.1. Market Drivers & Opportunities
- 7.2. Market Restraints & Challenges
- 7.3. Market Trends
- 7.3.1. XXXX
- 7.3.2. XXXX
- 7.3.3. XXXX
- 7.3.4. XXXX
- 7.3.5. XXXX
- 7.4. Covid-19 Effect
- 7.5. Supply chain Analysis
- 7.6. Policy & Regulatory Framework
- 7.7. Industry Experts Views
- 7.8. UAE Facility Management Market Outlook
- 7.8.1. Market Size By Value
- 7.8.2. Market Size and Forecast By Component
- 7.8.3. Market Size and Forecast By Enterprise Size
- 7.8.4. Market Size and Forecast By Vertical
- 7.9. Saudi Arabia Facility Management Market Outlook
- 7.9.1. Market Size By Value
- 7.9.2. Market Size and Forecast By Component
- 7.9.3. Market Size and Forecast By Enterprise Size
- 7.9.4. Market Size and Forecast By Vertical
- 7.10. South Africa Facility Management Market Outlook
- 7.10.1. Market Size By Value
- 7.10.2. Market Size and Forecast By Component
- 7.10.3. Market Size and Forecast By Enterprise Size
- 7.10.4. Market Size and Forecast By Vertical
- 8. Competitive Landscape
- 8.1. Competitive Dashboard
- 8.2. Business Strategies Adopted by Key Players
- 8.3. Key Players Market Positioning Matrix
- 8.4. Porter's Five Forces
- 8.5. Company Profile
- 8.5.1. The International Business Machines Corporation
- 8.5.1.1. Company Snapshot
- 8.5.1.2. Company Overview
- 8.5.1.3. Financial Highlights
- 8.5.1.4. Geographic Insights
- 8.5.1.5. Business Segment & Performance
- 8.5.1.6. Product Portfolio
- 8.5.1.7. Key Executives
- 8.5.1.8. Strategic Moves & Developments
- 8.5.2. Oracle Corporation
- 8.5.3. SAP SE
- 8.5.4. Johnson Controls International plc
- 8.5.5. CBRE Group, Inc
- 8.5.6. Jones Lang LaSalle Incorporated
- 8.5.7. Trimble Inc
- 9. Strategic Recommendations
- 10. Annexure
- 10.1. FAQ`s
- 10.2. Notes
- 10.3. Related Reports
- 11. Disclaimer
Table 2: Top 10 Counties Economic Snapshot 2022
Table 3: Economic Snapshot of Other Prominent Countries 2022
Table 4: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 5: Global Facility Management Market Size and Forecast, By Component (2018 to 2029F) (In USD Billion)
Table 6: Global Facility Management Market Size and Forecast, By Solution (2018 to 2029F) (In USD Billion)
Table 7: Global Facility Management Market Size and Forecast, By Service (2018 to 2029F) (In USD Billion)
Table 8: Global Facility Management Market Size and Forecast, By Enterprise Size (2018 to 2029F) (In USD Billion)
Table 9: Global Facility Management Market Size and Forecast, By Vertical (2018 to 2029F) (In USD Billion)
Table 10: Middle East & Africa Facility Management Market Size and Forecast, By Component (2018 to 2029F) (In USD Billion)
Table 11: Middle East & Africa Facility Management Market Size and Forecast, By Enterprise Size (2018 to 2029F) (In USD Billion)
Table 12: Middle East & Africa Facility Management Market Size and Forecast, By Vertical (2018 to 2029F) (In USD Billion)
Table 13: Influencing Factors for Facility Management Market, 2023
Table 14: United Arab Emirates Facility Management Market Size and Forecast By Component (2018 to 2029F) (In USD Billion)
Table 15: United Arab Emirates Facility Management Market Size and Forecast By Enterprise Size (2018 to 2029F) (In USD Billion)
Table 16: United Arab Emirates Facility Management Market Size and Forecast By Vertical (2018 to 2029F) (In USD Billion)
Table 17: Saudi Arabia Facility Management Market Size and Forecast By Component (2018 to 2029F) (In USD Billion)
Table 18: Saudi Arabia Facility Management Market Size and Forecast By Enterprise Size (2018 to 2029F) (In USD Billion)
Table 19: Saudi Arabia Facility Management Market Size and Forecast By Vertical (2018 to 2029F) (In USD Billion)
Table 20: South Africa Facility Management Market Size and Forecast By Component (2018 to 2029F) (In USD Billion)
Table 21: South Africa Facility Management Market Size and Forecast By Enterprise Size (2018 to 2029F) (In USD Billion)
Table 22: South Africa Facility Management Market Size and Forecast By Vertical (2018 to 2029F) (In USD Billion)
Figure 2: Market attractiveness Index, By Region 2029
Figure 3: Market attractiveness Index, By Segment 2029
Figure 4: Global Facility Management Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 5: Global Facility Management Market Share By Region (2023)
Figure 6: Middle East & Africa Facility Management Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 7: Middle East & Africa Facility Management Market Share By Country (2023)
Figure 8: UAE Facility Management Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 9: Saudi Arabia Facility Management Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 10: South Africa Facility Management Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 11: Competitive Dashboard of top 5 players, 2023
Figure 12: Porter's Five Forces of Global Facility Management Market
Facility Management Market Market Research FAQs
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