Europe Smart Facility Management Market Forecast 2019–2025
- Domain: ICT - Social, Mobile, Analytics & Cloud (SMAC)
The impact of information technology (IT) systems over the last decade have made substantial changes in terms of building design, construction, operation, and maintenance. Smart facility management can be defined as the use of advanced digital technologies that enhances the capabilities of building systems and devices to maximize operational efficiency. Smart facility management refers to the integration of multi-disciplinary activities to maximize the utilization of existing sensor infrastructure and to integrate it with the other business functions and financial reporting.
Over the last decade, many countries in the European region have deployed a wide range of building automation and management systems, while most of these systems are being underutilized due to lack of collaboration. Increasing investment by organizations to integrate the facilities located across various locations through advanced technologies (such as IoT and cloud computing), which enables remote monitoring and control, is the key factor contributing to the growth of the Europe smart facility management market during the forecast period.
Market Dynamics – Europe Smart Facility Management Market
In Europe, on average, building construction cost contributes to 20% and 80% will be building operation costs. Increasing reliance on smart computing technologies to minimize the operation cost is the key factor contributing to the growth of the Europe smart facility management market. Additionally, increasing reliance on smart computing technologies for asset management, monitoring & complying with the ever-changing regulatory, and compliance standards is further propelling the growth of the Europe smart facility management market.
Meanwhile, declining internet of things (IoT) deployment cost and continuous progression of advanced technologies, such as artificial intelligence and data analytics, will fuel the growth of the Europe smart facility management market during the forecast period. However, integrating smart facility management solutions with the existing infrastructure requires upfront CapEx, the concerns related to capital investment and return on investment are identified as restraints likely to deter the progression of the Europe smart facility management market during the forecast period.
Market Segmentation – Europe Smart Facility Management Market
The Europe smart facility management market is segmented based on component, type, and region. Based on type, the Europe smart facility management market is segmented into software, sensors & surveillance components, and services. The services segment is sub-segmented into professional service and managed service. Based on type, the Europe smart facility management market is segmented into energy management, infrastructure management, property management, and security. By country, the Europe smart facility management market is segmented into the UK, Germany, France, Russia, Netherlands, Italy, Spain, and Others.
Country-level Outlook – Europe Smart Facility Management Market
Germany dominates the Europe smart facility management market and is anticipated to maintain its market dominance throughout the forecast period. This is mainly due to the increasing focus on automation and growing interest in creating more productive and cost-efficient work environments.
Benefits and Vendors – Europe Smart Facility Management Market
The study on the Europe smart facility management market contains an in-depth analysis of vendors, which includes financial health, business units, key business priorities, SWOT, strategies, and views; and competitive landscape. Few of the key players profiled in this study include Siemens, Schneider Electric, IBM, Johnson Controls, CBRE, Telit, Deutsche Telekom AG, Actility, ENGIE, and ASEAS SPACEWELL.
The study offers a comprehensive analysis of the “Europe smart facility management market”. Bringing out the complete key insights of the industry, the report aims to provide an insight into the latest trends, current market scenario, and technologies related to the market. In addition, it helps the venture capitalists to understand the revenue opportunities across different segments to take better decisions.
- Executive Summary
- Industry Outlook
- Industry Overview
- Industry Trends
- Market Snapshot
- Total Addressable Market
- Segmented Addressable Market
- PEST Analysis
- Porter 5 (Five) Forces
- Related Markets
- Market Characteristics
- Market Trends and Impact
- Market Segmentation
- Market Dynamics
- DRO – Impact Analysis
- Component: Market Size & Analysis
- Sensors and Surveillance Component
- Professional Services
- Managed Services
- Type: Market Size & Analysis
- Energy Management
- Infrastructure Management
- Property Management
- Country: Market Size & Analysis
- Competitive Landscape
- Competitive Comparison Analysis
- Product Offerings
- Market Developments
- Partnerships, Mergers and Acquisitions
- Product Launches & Exhibitions
- Vendor Profile
- Schneider Electric SE
- IBM Corp.
- Siemens AG
- Johnson Controls International PLC
- Deutsche Telekom AG
- ASEAS SPACEWELL
- Report Scope
- Research Methodology
- Data Collation & In-house Estimation
- Market Triangulation
- Report Assumptions
Infoholic Research works on a holistic 360° approach in order to deliver high quality, validated and reliable information in our market reports. The Market estimation and forecasting involves following steps:
- Data Collation (Primary & Secondary)
- In-house Estimation (Based on proprietary data bases and Models)
- Market Triangulation
Market related information is congregated from both primary and secondary sources.
Involved participants from all global stakeholders such as Solution providers, service providers, Industry associations, thought leaders etc. across levels such as CXOs, VPs and managers. Plus, our in-house industry experts having decades of industry experience contribute their consulting and advisory services.
Include public sources such as regulatory frameworks, government IT spending, government demographic indicators, industry association statistics, and company publications along with paid sources such as Factiva, OneSource, Bloomberg among others.