North America Soft Facility Management Market Trends, Share, Size, Revenue and Future Outlook
North America Soft Facility Management Market Growth, Size, Trends Analysis- By Type, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Nov-2024 | Report ID: IACT24184 | Pages: 1 - 158 | Formats*: |
| Category : Information & Communications Technology | |||
North America Soft Facility Management Market Introduction and Overview
According to SPER Market Research, the North America Soft Facility Management Market is estimated to reach USD XX million by 2033 with a CAGR of 4.15%.
The report includes an in-depth analysis of the North America Soft Facility Management Market, including market size and trends, product mix, applications, and supplier analysis. Soft facility management is the management of non-physical components of a facility or workplace. It provides a comprehensive range of services, including cleaning, maintenance, security, trash management, catering, administrative assistance, and more. Unlike hard facility management, which deals with a facility's physical infrastructure, soft facility management focuses on providing a clean, safe, and comfortable working environment for employees, visitors, and customers.
- September 2022: Sodexo increased its cooperation with Ardent Health Services in the United States to drive improved patient outcomes. This relationship will see over 1,500 Sodexo personnel deliver food, nutrition, and environmental services to over 50 Ardent sites in six states.
- August 2022: ABM increased its partnership with O'Hare International Airport to provide sustainable cleaning services (window cleaning, hygiene, and disposal services on the secure side of Terminals 1, 2, and 3). It extended the deal for the following five years, at USD 25 million per year.
Market Opportunities and Challenges
Opportunities- The growing need for tailored solutions for various in-house and outsourced soft facility management services is responsible for the growth of the facility soft management services market in North America. Additionally, the nation's need for soft facility management services is fueled by the growing number of residential and commercial buildings in major cities. Furthermore, it is projected that growing infrastructure development and the growing emphasis on integrated facility management services will favorably impact market expansion. Contracts for long-term soft facility management services will open up new avenues for market expansion. For example, ISS and Hewlett Packard Enterprise extended their cooperation arrangement for an additional five years. The goal of this agreement is to provide HPE's offices and production facilities in 51 countries with a comprehensive range of integrated facility services.
Challenges- The market for soft services facilities management is devoid of established procedures and service standards, which causes disparities in the caliber of services offered by different suppliers. Concerns about Security: Security is a crucial component of facilities management, especially for services like security guards, surveillance, and access control. For service providers, ensuring data protection and upholding strict security standards can be difficult. Cost Sensitivity: While cost effectiveness is a driving force behind outsourcing, certain organizations may have budget limits that prevent them from working with professional soft services facilities management companies.
Market Competitive Landscape
The North American soft facility management market is moderately fragmented as a result of ongoing alliances and market improvements. Major market players include CBRE Group Inc, Sodexo Inc, ISS Global, ION Facility Services Inc, and GDI Integrated Facility Services.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Type, By End User |
| Regions covered | Canada, Mexico United States, Cuba, Panama, Greenland, Rest of North America |
| Companies Covered | CBRE Group Inc, Sodexo Inc, ISS Global, ION Facility Services Inc, GDI Integrated Facility Services, Guardian Service Industries Inc, Emeric Facility Services, SMI Facility Services, AHI Facility Services Inc, Calico Building Services Inc. |
COVID-19 Impact on North America Soft Facility Management Market
The COVID-19 pandemic had a mixed effect on soft facilities management companies. There was a fall in project work and a drop in activity at numerous client sites as a result of the transportation restrictions. Mitie, CBRE Group, and other major firms in the sector under study suffered because of the pandemic lockdown. The need for soft facility services, such as office cleaning, trash management, gardening, pest control management, and security guard services, has increased since COVID-19.
Key Target Audience:
- Corporate Offices and Commercial Buildings
- Healthcare Facilities
- Educational Institutions
- Government Buildings and Public Sector Facilities
- Retail and Shopping Centers
- Hospitality and Tourism Sector
- Manufacturing and Industrial Facilities
- Residential Complexes and Property Management Companies
- Entertainment and Sports Venues
- Transportation Hubs
- Real Estate Developers and Investors
Our in-depth analysis of the North America Soft Facility Management Market includes the following segments:
| By Type: | |
| By End-User: |
Key Topics Covered in the Report:
- North America Soft Facility Management Market Size (FY’2024-FY’2033)
- Overview of North America Soft Facility Management Market
- Segmentation of North America Soft Facility Management Market by Type (Office Support and Landscaping Services, Cleaning Services, Catering Services, Security Services, and Other SFM Services)
- Segmentation of North America Soft Facility Management Market by End User (Commercial, Institutional, Public/Infrastructure, Industrial, and Other End Users)
- Statistical Snap of North America Soft Facility Management Market
- Expansion Analysis of North America Soft Facility Management Market
- Problems and Obstacles in North America Soft Facility Management Market
- Competitive Landscape in the North America Soft Facility Management Market
- Impact of COVID-19 and Demonetization on North America Soft Facility Management Market
- Details on Current Investment in North America Soft Facility Management Market
- Competitive Analysis of North America Soft Facility Management Market
- Prominent Players in the North America Soft Facility Management Market
- SWOT Analysis of North America Soft Facility Management Market
- North America Soft Facility Management Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the North America Soft Facility Management Market.
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. North America Soft Facility Management Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in North America Soft Facility Management Market
7. North America Soft Facility Management Market, By Type (USD Million) 2020-2033
7.1. North America Soft Facility Management Market Size, Share and Forecast, By Type, 2020-20267.2. North America Soft Facility Management Market Size, Share and Forecast, By Type, 2027-20337.3. Office Support and Landscaping Services7.4. Cleaning Services7.5. Catering Services7.6. Security Services7.7. Other Soft FM Services
8. North America Soft Facility Management Market, By End-User (USD Million) 2020-2033
8.1. North America Soft Facility Management Market Size, Share and Forecast, By End-User, 2020-20268.2. North America Soft Facility Management Market Size, Share and Forecast, By End-User, 2027-20338.3. Commercial8.4. Institutional8.5. Public/Infrastructure8.6. Industrial8.7. Other End Users
9. North America Soft Facility Management Market Forecast, 2020-2033 (USD Million)
9.1. North America Soft Facility Management Market Size and Market Share
10. North America Soft Facility Management Market, By Region, 2020-2033 (USD Million)
10.1. North America Soft Facility Management Market Size and Market Share By Region (2020-2026)10.2. North America Soft Facility Management Market Size and Market Share By Region (2027-2033)10.3. Canada10.4. Mexico10.5. United States10.6. Cuba10.7. Panama10.8. Greenland10.9. Rest of North America
11. Company Profile
11.1. CBRE Group Inc
11.1.1. Company details11.1.2. Financial outlook11.1.3. Product summary11.1.4. Recent developments11.2. Sodexo Inc11.2.1. Company details11.2.2. Financial outlook11.2.3. Product summary11.2.4. Recent developments11.3. ISS Global11.3.1. Company details11.3.2. Financial outlook11.3.3. Product summary11.3.4. Recent developments11.4. ION Facility Services Inc11.4.1. Company details11.4.2. Financial outlook11.4.3. Product summary11.4.4. Recent developments11.5. GDI Integrated Facility Services11.5.1. Company details11.5.2. Financial outlook11.5.3. Product summary11.5.4. Recent developments11.6. Guardian Service Industries Inc11.6.1. Company details11.6.2. Financial outlook11.6.3. Product summary11.6.4. Recent developments11.7. Emeric Facility Services11.7.1. Company details11.7.2. Financial outlook11.7.3. Product summary11.7.4. Recent developments11.8. SMI Facility Services11.8.1. Company details11.8.2. Financial outlook11.8.3. Product summary11.8.4. Recent developments11.9. AHI Facility Services Inc11.9.1. Company details11.9.2. Financial outlook11.9.3. Product summary11.9.4. Recent developments11.10. Calico Building Services Inc11.10.1. Company details11.10.2. Financial outlook11.10.3. Product summary11.10.4. Recent developments11.11. Others
12. Conclusion
13. List of Abbreviations
14. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
North America Soft Facility Management Market is projected to reach USD XX million by 2033, growing at a CAGR of 4.15% during the forecast period.
North America Soft Facility Management Market grew in Market size from 2024. The Market is expected to reach USD XX million by 2033, at a CAGR of 4.15% during the forecast period.
North America Soft Facility Management Market CAGR of 4.15% during the forecast period.
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North America Soft Facility Management Market size is USD XX million from 2024 to 2033.
North America Soft Facility Management Market is covered By Type, By End User
The North America is anticipated to have the highest Market share in the North America Soft Facility Management Market.
The Key players in the Market include Companies Covered CBRE Group Inc, Sodexo Inc, ISS Global, ION Facility Services Inc, GDI Integrated Facility Services, Guardian Service Industries Inc, Emeric Facility Services, SMI Facility Services, AHI Facility Services Inc, Calico Building Services Inc.
The high cost of advanced diabetes drugs and the financial burden of treating diabetes remain major obstacles to market growth, despite the fact that numerous drugs have been approved for the condition and that governments and industry players are launching numerous initiatives.
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