FM Market Sizing

The business activity in the FM Industry continued its steady growth during the month of June-22 picking up from where it had left during the previous month. The suppliers were kept busy as the outsourcing gained traction from among the buyers. The month saw more than 170 contracts being awarded and valued in excess of £1.2 billion.

The facilities management (FM) market across the globe took a severe hit during the pandemic. It has however, shown healthy signs of bouncing back with future growth focused on technological innovation and sustainability.
The sector is going through a transformative phase primarily led by technology revolution, new business models, emerging value propositions, Mergers & Acquisitions and customized service offerings. The FM services are commoditizing across several geographies around the world and there is a need for innovation and new value propositions if suppliers are to avoid the cost trap.

The idea of outsourcing kept its promise of steady growth during the month of May-22 with business activity in the FM Industry sustaining momentum that it has picked for the last more than one Quarter. The suppliers were in demand as the buyers offered more than 170 outsourcing contracts valued in excess of £350 Million across public and private sectors. Through data dissection, we will have a look at the number of contracts that were awarded during the month as well as the value of the deals that were exchanged.

Through this article on the monthly data based review, We will have a look at various categories and their contribution to the growth momentum that the FM sector saw during this month. The article also looks at the top suppliers and the buyers who chose to outsource their non-core activities to the FM providers. We will also look at weekly trends and daily average of the contract awards separately for Public & Private Sectors.

Facilities management is primarily a type of organizational function that helps to enhance the productivity of business through efficient integration of place, people, technology, and process. It further involves optimum maintenance of buildings, properties, and inventory. Due to significant technological developments, facility managers adopt advanced facility management software to ensure cost reduction and improved business productivity and operation worldwide.

The market has a huge potential worldwide as it ensures state-of-the-art operational functionality that binds people, processes, places, and technology together across the residential and commercial environment. To maximize profitability and gain new spending skills in today’s competitive market space, companies need to focus more on their core business functions and outsource their non-core activities to convenience management service providers.

Through this article we will look at top twenty FM providers in the UK market for the year 2021 with our data backed insights. ​