The week just gone by again proved to be productive for the FM Industry players with buyers staying upbeat on the outsourcing front and suppliers
The past one week has seen an uptake in the facilities management space with buyers looking for potential suppliers for their outsourcing needs. The week
Facilities management, or FM, is the process of overseeing and coordinating the various functions and services that are necessary to keep a building or facility
Artificial intelligence (AI) is increasingly being used in the cleaning industry to improve the efficiency and effectiveness of cleaning services. By automating tasks, optimizing routes
The last two weeks have seen quite a lot of activity on the FM procurement front as number of tender notices have been issued covering
The last couple of weeks have been quite good in terms of tender notices in the facilities management space with Soft FM services being highly
The week gone by saw a good deal of action in terms of tenders being released in the facilities management space with some large contracts
The past one week showed continuity in sustained growth impetus that the FM industry has seen in the past many weeks now. The week gone
The growth momentum in the FM outsourcing continued during the past one week with buyers keeping the market abuzz by putting some high value deals on
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The United Kingdom is one of the largest markets for facility management services in Europe in terms of maturity and sophistication. The market is highly competitive as well, owing to the presence of several organized players and strong presence of top global companies, such as Mitie, ISS, Sodexo, CBRE, JLL among others.
The market has been valued at USD 63.97 billion in 2020 by Mordor Intelligence. Frost & Sullivan estimates the UK FM Industry revenues to be $43 Billion. As per our database the overall FM market in the UK stands at £107.2 billion in TCV. The public sector contributes 59% while the private sector contributes 41%. Among the service types Hard & Soft FM Contributed almost equally at 36% & 35% respectively. The integrated services contributed with 29%. Local government authorities were the lead buyers in the overall stack with 19% of value contribution followed by Central Government and Office both at 14% each.
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