The goal of facilities management (FM) is to deliver logistical and other property support services in an effective and efficient way. In order to make sure that an environment is functional and suitable for living or working, it refers to the management of projects, human resources, operations, communications, security, etc. Here, the words "environment" relate to the buildings, grounds, infrastructure, and real estate. FM services fall into two subcategories according to the nature of their activity. There are two sub-segments: hard services and soft services. Hard services include things like physical assets and technical services, whereas soft services are various tasks that are done by other people on a daily basis.
UAE Facility Management Market Driving Factors and Challenges
Drivers: The increasing use of cloud-based facilities management is a significant driver of the UAE market's expansion. Cost savings are aided by the introduction of SaaS platforms, improved virtual accessibility, and advanced security that enable remote administration of labor and material components. SaaS solutions offer easy accessibility, scalability, disaster recovery, and real-time collaboration. They may also offer insights into ongoing operations, which propels the expansion of the facility management market in the United Arab Emirates. Additionally, with the building of more ports, airports, railroads, and other infrastructure, the UAE government is making significant investments in the nation's infrastructure. Consequently, the government and various facility management service providers have collaborated extensively to maintain clean and environmentally friendly infrastructure, which has increased demand for cleaning services.
Challenges: Facilities management service providers are under growing pressure as a result of the UAE economy's rising rate of inflation. Sixty percent of the service providers' operating costs, which are impacted by inflation, are related to labor expenditures. Additionally, a significant impediment to the expansion of the facility management market in the United Arab Emirates is the fluctuating cost of labor, consumables, spare parts, and logistics.
Impact of COVID-19 on UAE Facility Management Market
The UAE's economic growth was severely hampered by the extraordinary COVID-19 epidemic. The rising COVID-19 cases and ensuing lockdown hampered major economic operations that contributed to the UAE's GDP, such as oil and gas, tourism, etc. Furthermore, in an effort to slow the virus's initial spread during the pandemic, the UAE government temporarily banned commercial activity. As a result, service providers suffered enormous losses as the market demand for facility management declined precipitously.
UAE Facility Management Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players are; Deyaar Facility Management LLC (Deyaar Development PJSC), EFS Facilities Services Group, Emrill Services LLC, Engie Cofely Energy Services LLC (ENGIE SA), Enova Facilities Management Services LLC, Etisalat Facilities Management LLC, Farnek Services LLC, Imdaad LLC, Marafeq Facilities Management LLC, Serveu Facilities Management, Others.
UAE Facility Management Market Segmentation:
By Service: Based on the Service, UAE Facility Management Market is segmented as; Hard Services, Soft Services.
By Type: Based on the Type, UAE Facility Management Market is segmented as; Inhouse, Outsource.
By End User: Based on the End User, UAE Facility Management Market is segmented as; Commercial and Retail, Manufacturing and Industrial, Government, Infrastructure, and Public Entities, Institutional, Other.
By Region: This research also includes data for Eastern Region, Western Region, Northern Region, Southern Region.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.