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industrynewsupdates · 24 days ago

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Insights from Industry Leaders: Integrated Workplace Management System Market

The global integrated workplace management system (IWMS) market was valued at USD 4.21 billion in 2022 and is projected to expand at a compound annual growth rate (CAGR) of 13.4% from 2023 to 2030. This growth is primarily driven by the ongoing adoption of digital workplace solutions and the automation of facility management processes. Organizations are increasingly moving away from traditional methods, opting for digital solutions for various functions, including lease management, facilities and space management, asset and maintenance management, and project management. The rising demand for more efficient operational solutions, which is leading to the development of increasingly sophisticated systems and services, is expected to further propel the demand for IWMSs. Additionally, the benefits these systems provide—such as integrated processes, real-time tracking, reduced energy consumption, disaster recovery capabilities, enhanced safety and security, and data center consolidation—are anticipated to significantly contribute to market growth over the forecast period.

The global trend towards adopting advanced technologies, including analytics, sophisticated sensors, Software as a Service (SaaS), and mobile solutions, is fostering demand for enterprise integration. This trend is prompting a broader implementation of IWMS across various organizations. Companies are recognizing the need for greater transparency and insight into their facilities and business processes, along with the associated data. Implementing an IWMS creates a structured and standardized data repository that enhances transparency across all relevant corporate functions. As awareness of the multiple benefits of IWMS grows, demand is expected to rise throughout the forecast period.

Gather more insights about the market drivers, restrains and growth of the Integrated Workplace Management System Market

Offering Insights

The market is categorized into two main segments: solutions and non-solutions. In 2022, the solution segment held the largest revenue share at 68.2%. This segment is further divided into several areas: real estate and lease management, facilities and space management, asset and maintenance management, project management, and environmental management. Among these, the facilities and space management segment was the leader, accounting for over 28.5% of the market share. This dominance is attributed to the increasing demand for upgrades and maintenance of existing solutions, which enhance decision-making efficiency. Additionally, facilities and space management solutions ensure that administrative and infrastructural support functions are well-aligned to achieve the core objectives of businesses.

Impact of the COVID-19 Pandemic

During the COVID-19 pandemic, the shift to remote work significantly transformed traditional desk jobs. In this new environment, the need for streamlined and automated meeting room bookings and hot-desking functionalities became crucial. This shift is expected to boost demand for facilities and space management solutions that facilitate the booking of meeting rooms. Such solutions enable organizations to monitor space utilization effectively, leading to savings in equipment maintenance and replacement costs by optimizing operational parameters like lighting hours, temperature settings, and fresh-air intake. These factors are projected to enhance the growth of the facilities and space management segment in the coming years.

Service Segment Insights

The service segment is expected to experience the fastest growth, with a projected CAGR of 14.1% during the forecast period. Within the solution segment, it is divided into professional services and managed services, with the professional services segment holding a dominant market share of over 67.1% in 2022. This dominance is driven by the increasing complexity of business operations and the growing adoption of IWMS solutions. IWMS providers offer tailored professional services that include consulting, software implementation, and training to meet industry-specific needs.

For instance, Accruent, a provider of intelligent cloud-based solutions, offers comprehensive training programs through its professional services to enhance client employee effectiveness. Each implementation includes training on product usage and process guidelines tailored to industry and business requirements. Furthermore, the rising demand for third-party support and maintenance services, which are often more cost-effective and provided by skilled technicians, is expected to further accelerate the growth of the professional services segment.

Order a free sample PDF of the Integrated Workplace Management System Market Intelligence Study, published by Grand View Research.

#Integrated Workplace Management System Market #Integrated Workplace Management System Market Report #Integrated Workplace Management System Market Analysis #Integrated Workplace Management System Industry

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quantumstridesllc · 4 months ago

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What is the integrated workplace management systems market dynamic, product, and application 2021-2025?

From 2021 to 2025, the integrated workplace management systems (IWMS) market has been dynamic, with evolving trends and advancements shaping its growth. Quantum Strides offers comprehensive Integrated Workplace Management System (IWMS) solutions that are at the forefront of these developments. Their Workplace Management Software is designed to enhance operational efficiency through robust Facility Management Solutions, which integrate seamlessly with various aspects of facility operations.

The market for IWMS is characterized by growing demand for Space Management Software and Occupancy Planning tools. Organizations are increasingly seeking solutions that offer advanced Space Utilization Analytics to optimize their real estate assets and improve overall space efficiency. Quantum Strides addresses these needs with innovative products that provide actionable insights and streamlined management capabilities. As companies look to enhance their workspace utilization and operational efficiency, Quantum Strides remains a key player in delivering cutting-edge IWMS solutions for the evolving market landscape.

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industryforecastnews · 7 months ago

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Integrated Workplace Management System Market To Reach $11.46 Billion By 2030

Integrated Workplace Management System Market Growth & Trends

The global integrated workplace management system market size is expected to reach USD 11.46 billion by 2030, according to a new study by Grand View Research, Inc. It is projected to register a CAGR of 13.4% from 2023 to 2030. Growing demand for solutions that help improve business performance, reduce working capital, reinforce company growth, improve customer service, and simplify workload is expected to drive the market. Additionally, enterprises across the globe are focusing on reducing operational costs and increasing the effectiveness of their decision-making processes which is anticipated to drive the demand for integrated workplace management systems (IWMSs) over the forecast period.

Organizations across the globe are also investing in big data analytics to obtain valuable business insights for decision-making purposes. Big data analytics can help in data integration, data segmentation, and business intelligence. The growing adoption of cloud computing and big data analytics is opening numerous growth opportunities for vendors in the IWMS market.

Emerging technologies such as the Internet of Things (IoT) are likely to provide significant growth opportunities to the market. The adoption of IoT can significantly simplify business operations, as data can be automatically collected and can later be analyzed for maintenance purposes. The adoption of IoT within enterprises can also significantly minimize the pressure on workplace management tools and help organizations make better decisions. IWMS software is also used for tracking utility usage and expenditures as part of efforts to lower operating costs. Additionally, the improved flexibility of several IWMS solutions and their capability to adapt to the changing and growing needs of businesses are anticipated to drive market growth over the forecast period.

Increasing market competition is encouraging established vendors to focus on partnerships and collaborations with start-ups, system integrators, and resellers to maintain a competitive market position for their products and brands. For instance, In April 2020, Accruent partnered with Mitie Group plc., a provider of facilities management and professional services in the U.K., to provide remote asset monitoring for Mitie Group plc’s clients. Through the partnership, Mitie Group plc. will deploy Accruent’s vx Observe IoT remote monitoring platform to control and monitor assets encompassing multiple manufacturers.

Request a free sample copy: https://www.grandviewresearch.com/industry-analysis/integrated-workplace-management-system-market

Key Integrated Workplace Management System Companies:

IBM Corporation SAP SE Trimble Inc. Nemetschek Group Accruent FM:Systems MRI Software LLC Planon

Integrated Workplace Management System Market Report Highlights

In terms of solution, the real estate and lease management segment is anticipated to register significant growth over the forecast period owing to the growing need for upgrades and maintenance of existing solutions for better decision-making

In terms of service, the managed services segment is expected to register significant growth from 2023 to 2030. This can be attributed to the growing dependence of enterprises on IT assets to improve their productivity

In terms of deployment, the cloud segment is expected to register significant growth over the forecast period, thanks to the fact that cloud deployment enables users to access data from any location in a hassle-free way, eliminating the need to regularly and manually upgrade the solutions

In terms of enterprise size, the Small and Medium Enterprises (SMEs) segment is expected to register significant growth from 2023 to 2030. Owing to advancements in SaaS tools, SMEs can use affordable software solutions and compete with larger companies with equal efficiencies. This is expected to drive the demand for IWMS in SMEs

In terms of end use, the IT and telecom segment is expected to register considerable growth over the forecast period. This can be attributed to the growing demand from IT and telecom companies for reevaluating operational strategies and applying advanced technologies across business processes to hold a competitive position

Asia Pacific regional market is anticipated to register a significant growth rate from 2023 to 2030. This can be credited to the rising adoption of various workplace management applications on the cloud in the region, including floorspace management, project management, asset management, and employee management for better decision-making

Integrated Workplace Management System Market Segmentation

Grand View Research has segmented the global integrated workplace management system market based on offering, deployment, enterprise size, end use, and region

Integrated Workplace Management System Offering Outlook (Revenue, USD Million, 2018 - 2030)

Solution

Real Estate & Lease Management

Facilities & Space Management

Asset & Maintenance Management

Project Management

Environment Management

Service

Professional Services

Managed Services

Integrated Workplace Management System Deployment Outlook (Revenue, USD Million, 2018 - 2030)

On-Premises

Cloud

Integrated Workplace Management System Enterprise Size Outlook (Revenue, USD Million, 2018 - 2030)

Large Enterprises

Small & Medium Enterprises

Integrated Workplace Management System End Use Outlook (Revenue, USD Million, 2018 - 2030)

Public Sector

IT & Telecom

Manufacturing

BFSI

Real Estate & Construction

Retail

Healthcare

Others

Integrated Workplace Management System Regional Outlook (Revenue in USD Million, 2018 - 2030)

North America

U.S.

Canada

Europe

UK

Germany

France

Asia Pacific

China

Japan

India

Australia

South Korea

Latin America

Brazil

Mexico

Middle East and Africa

United Arab Emirates (UAE)

Saudi Arabia

South Africa

Browse Full Report: https://www.grandviewresearch.com/industry-analysis/integrated-workplace-management-system-market

#Integrated Workplace Management System Market #Integrated Workplace Management System Market Size #Integrated Workplace Management System Market Sales

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technology098 · 9 months ago

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Transforming Workspace Management: The Role and Impact of Integrated Workplace Management Systems

Previously, the majority of small-scale businesses operated within localized markets or served specific regions or countries. However, as these businesses expanded, they found themselves catering to multiple locations, which presented challenges in managing their operations centrally. With the advent of globalization, businesses began to establish international operations, embracing digitalization and innovative technologies. In response to the growing complexities of managing dispersed operations, organizations turned to Integrated Workplace Management Systems (IWMS).

An IWMS is a software solution designed to help organizations effectively manage their entire property portfolio and make informed decisions regarding expansion, renovation, and replacement. By leveraging IWMS technology, management professionals, real estate managers, IT teams, and finance departments can focus on critical areas and streamline strategic decision-making processes. Beyond traditional functions like bill payments and rent management, IWMS enables organizations to handle space and facilities management, real estate administration, lease management, maintenance coordination, capital project oversight, and sustainability and energy management.

These comprehensive capabilities provided by IWMS solutions contribute to prolonging the lifespan of properties, analyzing various costs, forecasting future demands and expenditures, planning real estate operations, and optimizing energy consumption. Additionally, IWMS solutions offer Computer-Aided Design (CAD) functionalities, allowing organizations to visualize buildings and assets, facilitating efficient space allocation and asset management. Furthermore, IWMS supports diversification and expansion efforts by aiding in property rental, acquisition, and leasing activities.

Integrated Workplace Management Systems empowers organizations to make informed decisions through scenario testing and data-driven analysis, considering factors such as opportunity cost, required investment, return on investment, and asset depreciation. Once capital projects are approved, IWMS provides real-time insights into project status and facilitates accounting processes in accordance with local and global standards.

Augmented with automation and artificial intelligence (AI), IWMS offers advanced features such as Building Information Modeling (BIM) for immersive floor plans, space utilization reporting for optimizing workspace efficiency, and predictive analytics for forecasting and recommending strategic actions. IWMS also supports effective space management, ensuring maximum occupancy without compromising employee experience. Vendors are incorporating emerging technologies like AI, machine learning, sensors, and the Internet of Things (IoT) to enhance facility visibility, anticipate maintenance needs, and reduce downtime and costs associated with asset breakdowns.

Moreover, IWMS solutions enhance employee experience by providing self-service portals and mobile capabilities for booking shared spaces, requesting maintenance, and navigating office layouts. This self-service functionality streamlines real estate management processes, minimizing response times to employee requests.

Various deployment options, including cloud-based solutions, on-premises installations, and hybrid models, cater to diverse organizational preferences. However, multi-tenant Software as a Service (SaaS) deployments are currently favored by end-users due to their scalability and accessibility.

The industrial application of IWMS is expected to experience exponential growth, driven by the integration of AI, machine learning, sensors, and IoT technologies, which enhance service capabilities and streamline enterprise asset management. Future IWMS developments may leverage APIs to integrate multiple standalone systems, providing organizations with comprehensive capabilities across various service requirements.

Quadrant Knowledge Solutions defines IWMS as a software platform that centralizes organizational assets and databases to optimize real estate, facilities, projects, and maintenance cycles, promoting sustainability and facilitating enterprise-wide facility management. IWMS solutions foster inclusivity and engagement among stakeholders, enabling real-time responses and strategic decision-making to address critical events and enhance facility operations.

Key trends among IWMS providers include adapting product offerings to post-pandemic working models, such as remote-first, office-occasional, and office-first approaches. Vendors are prioritizing solutions that support health and safety standards compliant with regional and industry regulations.

Additionally, IWMS vendors are collaborating with organizations to implement strategies for maintaining safe work environments during and after the pandemic. These strategies include health screenings, ventilation improvements, capacity restrictions, and enhanced cleaning protocols.

Integration of Integrated Workplace Management Systems with IoT devices to manage internal environmental parameters, such as lighting and temperature, is gaining traction among leading vendors. Furthermore, there is a growing demand for immersive digital experiences in IWMS, leveraging virtual reality (VR) technology to enhance collaboration and communication through virtual meetings and 3D visualization of facilities and equipment.

#IntegratedWorkplaceManagementSystems #IWMS #FacilityOperationsPlatforms #PropertyPortfolioManagementSoftware #IntegratedWorkplace #WorkplaceManagement

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marketdevelopment · 2 years ago

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IWMS Software Market

The IWMS Software Market will change significantly from the previous year. Over the next five years, will register a CAGR in terms of revenue, and the global market size will reach USD in millions by 2028.

With strategic analysis, micro and macro market trend and scenarios, pricing analysis, and a holistic picture of the market conditions in the projected period, the IWMS Software (UVSS) Market research report keeps a close eye on top rivals. It's a thorough research that focuses on key and secondary drivers, market share, leading segments, and geographic analysis. The paper also examines significant players, major collaborations, mergers, and acquisitions, as well as current innovation and corporate strategies.

IWMS Software lets you manage all aspects of your property, including repairs, maintenance, rentals, housekeeping, occupancy management, payment processing, and more. Due to the growing demand for web-based services such as software as a service (SaaS) from IWMS Software vendors, the IWMS Software market is expected to grow gradually. A SaaS-based PMS can facilitate tenant and lease tracking, building maintenance, and accounting, among other things.

#IWMS Software Market #IWMS Software Market size #IWMS Software Market share #IWMS Software Market analysis #IWMS Software Market trends #IWMS Software Market growth

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akshitimr · 3 years ago

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What is IWMS Software? Learn What It Is and How To Use It

According to this latest study, the growth in the IWMS Software market will change significantly from the previous year. Over the next five years, IWMS Software will register a CAGR in terms of revenue, and the global market size will reach USD in millions by 2028.

An integrated workspace management system (IWMS) is a software platform dedicated to administering and maximizing these resources so that an organization's different real estate, facilities, and infrastructure assets are used to their full potential. An integrated workplace management system (IWMS) is a single software platform for real estate and facility management that offers the integrated capability for real estate management, space planning, asset & maintenance, integrated services, and sustainability.

The study addresses the elements driving the worldwide IWMS Software. Traders and investors can use this data to strategize to increase market share, and newcomers can use it to locate opportunities and grow in the business. There are also some restrictions on the expansion of this market. The IWMS Software Market study also provides company biographies, SWOT analysis, and business strategies for major industry players. In addition, the research focuses on key industry players, providing details such as business descriptions, skills, current financials, and company advancements.

Read More: https://introspectivemarketresearch.com/reports/iwms-software-market/

Key Players Mentioned in the Market IWMS Software Research Report:

UpKeep

MPulse

TheWorxHub

Curo

OfficeSpace

iOffice

FacilityONE

CenterStone

FM:Interact

SpaceIQ

Asset Essentials

Sprocket CMMS

Agility by SSG Insight

Visual Lease

Collective view View suite

This IWMS Software Market report covers important market segments on the basis of type, application, and region. The regional analysis segment includes key regions such as Europe, North America, the Middle East, Africa, and the Asia Pacific. It shows important business metrics including population density, quality, development, and overall market scenarios. It also discusses important data covering key industry topics such as market expansion and market situation developments. This in-depth IWMS Software market report also sheds light on important technologies and helps organizations better understand their customers’ buying habits. It shows the global market scenario for the forecast period 2022-2028

IWMS Software Market Segmentation

The report surveys the presence of the distinctive market segment a global as well as the regional scale that defines the IWMS Software market size, demands and growth opportunities, and market areas that need to work on.

IWMS Software Market Segment by Types, Estimates, and Forecast by 2028

Cloud Based, On-Premises

IWMS Software Market Segment by Applications, Estimates, and Forecast by 2028

Public Sector, IT & Telecom, Manufacturing, BFSI, Real Estate & Construction, Retail, Healthcare

The base on geography, the world market of IWMS Software has been segmented as follows:

North America includes the United States, Canada, and Mexico

Europe includes Germany, France, UK, Italy, Spain, Russia, and the Rest of Europe

South America includes Brazil, Argentina, Nigeria, Chile, and South America

The Asia Pacific includes Japan, China, South Korea, Australia, India, Rest of Europe

Get a Discount On The Purchase Of This Report @ https://www.introspectivemarketresearch.com/discount/5516

The scope of the Report:

The report segments the global IWMS Software market based on application, type, service, technology, and region. Each chapter under IWMS Software segmentation allows readers to grasp the nitty-gritty of the market. A magnified look at the segment-based analysis is aimed at giving the readers a closer look at the opportunities and threats in the IWMS Software market. It also addresses political scenarios that are expected to impact the IWMS Software market in both small and big ways. The report on the global IWMS Software Market examines changing regulatory scenarios to make accurate projections about potential investments. It also evaluates the risk for new entrants and the intensity of the competitive rivalry

Feel free to ask your queries at

https://www.introspectivemarketresearch.com/inquiry/5516

Key Highlights of The Report

The report offers an analysis that is quantitative of the trends of the present market, dynamics, and estimation of the market size.

Porter's five forces underscore the influence of buyers and suppliers that enable stakeholders to make business decisions that are profit-oriented and reinforce their network of supplier-buyer

Deep analysis, market size, and segmentation help to decide existing virtual event platform opportunities

The major countries in each region are carved out as per the revenue handout to the market.

The market player laying segment clears the way for benchmarking and provides a clear comprehension of the prevailing positions of market players.

Note – The Covid-19 (coronavirus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the supply chain including IWMS Software industry. The COVID-19 crisis is creating uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments. The overall effect of the pandemic is impacting the production process of several industries including IWMS Software

#IWMS Software Market forecast #IWMS Software Market size #IWMS Software Market analysis #IWMS Software Market growth #IWMS Software #IWMS Software industry #IWMS Software industry size

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helloancycruzworld · 5 years ago

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Global IWMS Software Market 2020 - Industry Analysis by Size, Share, Trends and Forecast to 2025

Global IWMS Software Market 2020 – Industry Analysis by Size, Share, Trends and Forecast to 2025

An integrated workplace management system (IWMS) is a software platform that helps organizations optimize the use of workplace resources, including the management of a company’s real estate portfolio, infrastructure and facilities assets.

In 2017, the global IWMS Software market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during…

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#IWMS Software Market #IWMS Software Market analysis #IWMS Software Market forecast #IWMS Software Market growth #IWMS Software Market overview #IWMS Software Market research #IWMS Software Market share #IWMS Software Market size #IWMS Software Market study

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ict-marketresearch-reports · 2 years ago

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Facility Management Market Strategy and Remarkable Growth Rate By 2026

According to a research report "Facility Management Market Size by Component (Solutions (IWMS, BIM, Facility Operations and Security Management) and Services), Deployment Mode (Cloud, On-premises), Organization Size, Vertical (BFSI, Retail), and Region - Global Forecast to 2026", size to grow from USD 42.2 billion in 2021 to USD 76.3 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 12.6% during the forecast period. Various factors such as a surge in demand for cloud-based facility management solutions and rise in demand for facility management solutions integrated with intelligent software are expected to drive the adoption of facility management solutions and services.

Facility management plays an important role in dealing with COVID-19 to create a safe work environment. This starts with sanitization. Facility managers need to evaluate janitorial schedules, daily cleaning practices, spot sterilization, and workplace-specific sanitization standards. For many facilities managers, building sanitization means exploring new products and practices that address COVID-19 specific concerns. The impact of COVID-19 for facility managers also extends to facility policies. FMs face the tedious task of re-educating employees and visitors about how to interact with the workplace consisting of everyone and everything in it. To survive this pandemic, companies need to focus on customer care and concerns, stay connected to customers as per their channel choice, build agile capabilities for fluid times, and adapt to situation-based circumstances. Organizations would need to rethink their business and operating models. Consumers’ search for value for money is a fundamental change in purchase priorities and will be prevalent in the upcoming years.

The solutions segment to hold a larger market size during the forecast period

The solutions segment includes an integrated workplace management system (IWMS), building information modeling (BIM), facility operations and security management, facility environment management, and facility property management solutions. The factor supporting the growth of the facility management market is the significant requirement of enterprises to deliver a highly personalized solution and enhance customer experience, as well as redesign the traditional facility management model by leveraging advanced software, IoT, and analytics. An effective facility management solution must be multi-level, which would enable the management of all facility management processes, from lighting, HVAC, security, emergency and incident, sustainability, waste, and lease accounting to real estate management, asset maintenance, workspace and relocation, and reservation management. Companies have realized the importance of improving efficiencies and streamlining processes within real estate and facility functions to reduce operating costs, improve energy consumption, and support sustainable objectives.

Cloud segment to account for higher CAGR during the forecast period

Cloud-based deployments involve on-demand requirements provided as software-as-a-service (SaaS) solutions offered by facility management providers. These solutions can be accessed through the internet using web-based tools. They can be accessed anytime from any place on-demand via the pay-per-usage platform. The market for cloud-based solutions is gaining popularity due to multiple advantages offered by the cloud model. Some of these benefits are low operational costs, adaptability, simple deployment, and easy collaboration.

Large enterprises segment to hold a larger market size during the forecast period

Enterprises with 1,000 and more than that are considered large enterprises. Large enterprises are among the early adopters of facility management solutions due to the large size of the facility infrastructure and a large number of human resources and assets these enterprises have to manage. Moreover, large enterprises are involved in several projects, and they rely on manual management processes to carry out daily business activities and coordinate diverse sets of assets. Large enterprises use facility management solutions to monitor and regulate complex and huge facility infrastructures

Retail segment to have a higher growth rate during the forecast period

Based on vertical, the facility management market has been segmented into BFSI, IT and telecom, government and public administration, healthcare, education, retail, energy and utilities, manufacturing, construction and real estate, and others. Facility management solutions assist in managing the entire retail life cycle, from location, capital planning, operation planning, and project management to lease administration, contract management, and dispositions. New technologies have revolutionized retail facility automation leading to the higher growth of retail segment.

MEA to hold higher CAGR during the forecast period

MEA has witnessed high adoption of tech-savvy solutions across various verticals. Increasing construction activities and government plans for improving education systems and healthcare facilities are the major factors expected to drive the facility management market growth in the region. Moreover, the growing private sector, investments in transportation and logistics, and the need to enhance asset life cycle are expected to further increase the demand for effective facility management and automation solutions. Mega infrastructure developments, such as Mohammed Bin Rashid City, Dubai Creek Harbor, Dubai Expo Site in UAE, Japan Industrial City in KSA, QP District, and Doha Festival City in Qatar, have opened investment avenues for facility management providers

Major vendors in the global facility management market International Business Machines Corporation (US), Oracle Corporation (US), SAP SE (Germany), Trimble Inc. (US), Fortive (US), MRI Software LLC (US), Planon (US), Infor (US), Service Works Global (UK), Facilities Management eXpress (US), Causeway Technologies (UK), FM:Systems (US), Spacewell International (Belgium), iOFFICE + SpaceIQ (US), Archidata Inc. (Canada), JadeTrack Energy Management Software (US), UpKeep Maintenance Management (US), Apleona GmbH (Germany), FacilityONE Technologies LLC (US), OfficeSpace Software Inc. (US), Facilio (US), eFACiLiTY (India), InnoMaint (India), Nuvolo (US), QuickFMS (India), and zLink (US).

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#facility management market size

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sagarg889 · 2 years ago

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Smart City Platforms Market: Notable Developments & Geographical Outlook 2022-2032

The Smart City Platform Market revenues were estimated at US$ 156.1 Bn in 2021 and is anticipated to grow at a CAGR of 10% from 2022-2032, according to a recently published Future Market Insights report. By the end of 2032, the market is expected to reach a valuation of US$ 446.7 Bn.

Enterprise Resource Planning is crucial for optimizing procedures and boosting corporate operations across sectors. The Internet of Things (IoT) and large data influxes are already shaking up the ERP environment, bringing new opportunities for continuous improvement and process automation. The ERP environment of today is extremely complicated, owing in part to the dizzying pace of technology.

A small-scale ERP deployment typically requires approximately three months to finish, but a larger-scale project may take up to two years. Meanwhile, substantial technological advancements may occur concurrently with the two-year deployment. The advent of lesser priced cloud computing and SAAS services complicates the marketing of ERP software.

The integration and deployment of smart city platform solutions with ERP solutions is a difficult undertaking that must be completed in phases. The outdated ERP solutions are insufficient to function independently and meet the needs of customers. Additionally, firms are hesitant to migrate to that of an Integrated Workplace Management System (IWMS) or Computerized Smart City Platforms (CAFM) technology.

Conventional enterprise resource planning (ERP) technology would be preferred by larger firms. Furthermore, smart city platform solutions should not be used as stand-alone solutions in the facility's digital architecture. It is frequently necessary to combine smart city platforms with ERP systems. Furthermore, integrating smart city platform solutions and services with ERP systems is a difficult operation that must be accomplished in stages.

Key Takeaways from the Market Study

Global Smart City Platform Market is expected to reach a market size of US$ 446.7 Bn by 2022.

In terms of Offering, the Platform segment is expected to have the highest CAGR of 9.3% during the forecast period.

In terms of Delivery Model, the Hybrid segment is expected to account for the largest CAGR of 8.7% during the forecast period.

United States is projected to remain the dominant market with absolute dollar growth opportunity of US$ 84.9 Bn during 2022 – 2032.

The market in U.S is set to experience the highest CAGR of 9.3% during the 2022-2032 forecast period.

“The surge in venture capital investments by major corporations will benefit the Smart City Platform industry trends in the coming years.” comments a Future Market Insights analyst.

Competitive Analysis

The research discusses key trends in the smart city platform industry as well as inorganic and organic growth methods. Various firms are focusing on organic growth strategies such as product approvals, new product releases. The strategy noted in the sector included mergers and acquisitions, partnerships, and collaborations. These measures have paved the way for market players to grow their business and strengthen distribution network.

Some of the recent developments in smart city platform market include:

In October 2021, Siemens took over Wattsense, a French start-up company. Siemens gained the ability to assist businesses throughout Europe in complying with Energy Performance of Buildings Directive due to this purchase (EPBD). This regulation requires tertiary sector buildings to include control and automation technologies that improve energy efficiency and reduce CO2 emissions.

In June 2021, Microsoft and Mejo collaborated with Palantir and Sompo Holdings. The firms hoped to facilitate innovative capabilities of connected car data throughout the world through this partnership. Furthermore, the collaboration would help Wejo's goal of building vendor-agnostic industry rules in connected car data, as well as applications across numerous industries such as fleet, insurance, smart city, payments, and mobility, among others.

In March 2021, Hitachi has acquired GlobalLogic, a US-based product engineering services firm. Through this takeover, the firm aimed to expand its key segments, namely IT, Energy, Industry, Mobility, and Smart Life and Astemo.

For More Information @ https://www.futuremarketinsights.com/reports/smart-city-platforms-market

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industrynewsupdates · 1 month ago

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Strategies for Success in the Integrated Workplace Management System Market

The global integrated workplace management system (IWMS) market was valued at USD 4.21 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 13.4% from 2023 to 2030. The ongoing adoption of digital workplace solutions, along with the automation of facility management processes, is expected to significantly drive market growth. Organizations are increasingly moving away from traditional methods and opting for digital solutions for various functions, including lease management, facilities and space management, asset and maintenance management, and project management. The rising demand for efficient and enhanced operational solutions, which leads to more sophisticated offerings, is anticipated to boost the demand for integrated workplace management systems. Additionally, the advantages provided by these systems—such as integrated processes, real-time tracking, reduced energy consumption, disaster recovery capabilities, enhanced safety and security, and data center consolidation—are expected to further propel market growth throughout the forecast period.

The adoption of technologies such as advanced analytics, sophisticated sensors, Software as a Service (SaaS), and mobility solutions is gaining global traction, which is driving the demand for enterprise integration. This trend is leading to an increased deployment of IWMS across various organizations. There is a growing need for organizations worldwide to achieve greater transparency and insight into their facilities and corporate processes, as well as the associated data. Implementing an IWMS provides organizations with this transparency by creating a structured and standardized data repository for all relevant corporate processes. As organizations become more aware of the numerous benefits offered by IWMS, the demand for these systems is expected to rise even further over the forecast period.

Gather more insights about the market drivers, restrains and growth of the Integrated Workplace Management System Market

Deployment Insights

The market is segmented based on deployment into two main categories: on-premises and cloud solutions. The on-premises segment captured the largest revenue share, accounting for 51.2% in 2022. This deployment model is considered secure, which has contributed to its strong demand in the market. On-premises Integrated Workplace Management System (IWMS) solutions are primarily adopted by large enterprises that have established physical server infrastructures, adequate budgets, and skilled technicians to manage the systems. Additionally, on-premises deployment enables client organizations to scale functionalities as needed and facilitates easier management and upgrades of the solutions. Industries such as Banking, Financial Services, and Insurance (BFSI) and healthcare particularly favor on-premises IWMS solutions, as security is a critical concern for their operations.

On the other hand, the cloud segment is projected to achieve the fastest compound annual growth rate (CAGR) of 13.8% during the forecast period. The increasing demand for cloud-based IWMS solutions can be attributed to several advantages they offer, including a lower Total Cost of Ownership (TCO), enhanced scalability, and greater flexibility compared to traditional on-premises systems. These benefits are driving organizations to adopt cloud solutions, enabling them to respond more efficiently to changing operational needs and market conditions.

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#Integrated Workplace Management System Market #Integrated Workplace Management System Market Analysis #Integrated Workplace Management System Market Report #Integrated Workplace Management System Industry

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credibleauomotive · 2 years ago

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Computerized Maintenance Management System (CMMS) Software Market Comprehensive Research Study, Regional Growth, Business Top Key Players Analysis

Global Computerized Maintenance Management System (CMMS) Software Market report emphasizes on the detailed understanding of some decisive factors such as size, share, sales, forecast trends, supply, production, demands, industry and CAGR in order to provide a comprehensive outlook of the global market. Additionally, the report also highlights the challenges impeding market growth and expansion strategies employed by leading companies in the “Computerized Maintenance Management System (CMMS) Software Market”.

Global Computerized Maintenance Management System (CMMS) Software Market research report analyzes top players in the key regions like North America, South America, Middle East and Africa, Asia and Pacific region. It delivers insight and expert analysis into key consumer trends and behavior in market place, In addition to an overview of the market data and key brands. It also provides all data with easily digestible information to guide every businessman’s future innovation and move business ahead.

Global Computerized Maintenance Management System (CMMS) Software Market Segmentation Analysis:

Major Players in Computerized Maintenance Management System (CMMS) Software market are: Fixd DIMO Maint Corrigo Enterprise CMMS Agility EnvVisual Maintenance Coordinator ManWinWin Rosmiman IWMS Blue Mountain RAM Infor EAM Ezmaintain Trackplan Electronic Work Instructions MaintenWorks AMPRO IFS Asset Infinity ICMMS EZOfficeInventory Cworks Most important types of Computerized Maintenance Management System (CMMS) Software products covered in this report are: Web-Based Installed Most widely used downstream fields of Computerized Maintenance Management System (CMMS) Software market covered in this report are: Health Care Manufacturing Distribution Other

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Computerized Maintenance Management System (CMMS) Software Market, By Geography:

The regional analysis of Computerized Maintenance Management System (CMMS) Software market is studied for region such as Asia pacific, North America, Europe and Rest of the World. The North America is one of the leading region in the market due to numerous cross industry collaborations taking place between automotive original equipment manufacturers and mobile network operators (MNOs) are taking place for continuous internet connectivity inside a car to enhance the user experience of connected living, while driving. Asia-Pacific region is one of the prominent player in the market owing to large enterprises and SMEs in the region are increasingly adopting Computerized Maintenance Management System (CMMS) Software solutions.

Some Points from Table of Content

Global Computerized Maintenance Management System (CMMS) Software Market 2022 by Company, Regions, Type and Application, Forecast to 2030

1 Computerized Maintenance Management System (CMMS) Software Introduction and Market Overview

2 Industry Chain Analysis

3 Global Computerized Maintenance Management System (CMMS) Software Market, by Type

4 Computerized Maintenance Management System (CMMS) Software Market, by Application

5 Global Computerized Maintenance Management System (CMMS) Software Consumption, Revenue ($) by Region (2018-2022)

6 Global Computerized Maintenance Management System (CMMS) Software Production by Top Regions (2018-2022)

7 Global Computerized Maintenance Management System (CMMS) Software Consumption by Regions (2018-2022)

8 Competitive Landscape

9 Global Computerized Maintenance Management System (CMMS) Software Market Analysis and Forecast by Type and Application

10 Computerized Maintenance Management System (CMMS) Software Market Supply and Demand Forecast by Region

11 New Project Feasibility Analysis

12 Expert Interview Record

13 Research Finding and Conclusion

14 Appendix

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Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors

Provision of market value (USD Billion) data for each segment and sub-segment

Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market

Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region

Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled

Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players

The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions

Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis

Provides insight into the market through Value Chain

Market dynamics scenario, along with growth opportunities of the market in the years to come

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ken-research-market-research · 3 years ago

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Europe Integrated Workplace Management System (IWMS) Market Is Predicted To Propel Owing To Early Adoption of Modern Technologies: Ken Research

Buy Now According to the report analysis, ‘Europe Integrated Workplace Management System (IWMS) Market 2020-2030 by Component (Software, Service), Connectivity Protocol (DALI, WiFi, LPWAN, NEMA), Application, Building Type (New, Retrofit), Business Model, Deployment (On-premise, Cloud-based), Organization Size (Large Enterprises, SMEs), Industry Vertical, and Country: Trend Forecast and Growth…

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articlesfood · 3 years ago

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Integrated Facility Management (IFM) Market Size, Revenue, Trends, Growth Factors, Region Analysis & Forecast 2021-2027

Integrated Facility Management (IFM) Market 2021-2027

A New Market Study, Titled “Integrated Facility Management (IFM) Market Upcoming Trends, Growth Drivers and Challenges” has been featured on fusionmarketresearch.

Description

This global study of the Integrated Facility Management (IFM) market offers an overview of the existing market trends, drivers, restrictions, and metrics and also offers a viewpoint for important segments. The report also tracks product and services demand growth forecasts for the market. There is also to the study approach a detailed segmental review. A regional study of the global Integrated Facility Management (IFM) industry is also carried out in North America, Latin America, Asia-Pacific, Europe, and the Near East & Africa. The report mentions growth parameters in the regional markets along with major players dominating the regional growth.

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This report analyses the impact of COVID-19 on this industry. COVID-19 can affect the global market in 3 ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on enterprises and financial markets.

This report provides detailed historical analysis of global market for Integrated Facility Management (IFM) from 2015-2020, and provides extensive market forecasts from 2021-2030 by region/country and subsectors. It covers the sales volume, price, revenue, gross margin, historical growth and future perspectives in the Integrated Facility Management (IFM) market.

Leading players of Integrated Facility Management (IFM) including: CBRE Group Jones Lang LaSalle Compass Group Cushman & Wakefield ISS Facilities Services Sodexo Aramark Corporation Coor Service Management Mitie Group MacLellan Integrated Services IBM Oracle SAP Trimble Accruent MRI Software Planon ServiceChannel Service Works Global FMX Causeway Technologies FM System Spacewell iOFFICE FSI ARCHIBUS Archidata JadeTrack UpKeep Maintenance Management FacilityONE Technologies

Market split by Type, can be divided into: Integrated Workplace Management System (IWMS) Building Information Modeling (BIM) Facility Operations and Security Management Facility Environment Management Facility Property Management

Market split by Application, can be divided into: IT and Telecommunications Government & Public Administration BFSI Healthcare Education

Market split by Sales Channel, can be divided into: Direct Channel Distribution Channel

Market segment by Region/Country including: North America (United States, Canada and Mexico) Europe (Germany, UK, France, Italy, Russia and Spain etc.) Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.) South America (Brazil, Argentina and Colombia etc.) Middle East & Africa (South Africa, UAE and Saudi Arabia etc.)

Ask Queries @ https://www.fusionmarketresearch.com/enquiry.php/2021-2030-Report-on-Global-Integrated-Facility-Management-(IFM)-Market/49934

Table of Contents

Chapter 1 Integrated Facility Management (IFM) Market Overview 1.1 Integrated Facility Management (IFM) Definition 1.7 Integrated Facility Management (IFM) Market Dynamics (COVID-19 Impacts) 1.7.1 Market Drivers/Opportunities 1.7.2 Market Challenges/Risks 1.7.3 Market News (Mergers/Acquisitions/Expansion) 1.7.4 COVID-19 Impacts on Current Market 1.7.5 Post-Strategies of COVID-19 Outbreak

Chapter 2 Integrated Facility Management (IFM) Market Segment Analysis by Player 2.1 Global Integrated Facility Management (IFM) Sales and Market Share by Player (2018-2020) 2.2 Global Integrated Facility Management (IFM) Revenue and Market Share by Player (2018-2020) 2.3 Global Integrated Facility Management (IFM) Average Price by Player (2018-2020) 2.4 Players Competition Situation & Trends 2.5 Conclusion of Segment by Player

Chapter 3 Integrated Facility Management (IFM) Market Segment Analysis by Type 3.1 Global Integrated Facility Management (IFM) Market by Type 3.1.1 Integrated Workplace Management System (IWMS) 3.1.2 Building Information Modeling (BIM) 3.1.3 Facility Operations and Security Management 3.1.4 Facility Environment Management 3.1.5 Facility Property Management 3.2 Global Integrated Facility Management (IFM) Sales and Market Share by Type (2015-2020) 3.3 Global Integrated Facility Management (IFM) Revenue and Market Share by Type (2015-2020) 3.4 Global Integrated Facility Management (IFM) Average Price by Type (2015-2020) 3.5 Leading Players of Integrated Facility Management (IFM) by Type in 2020 3.6 Conclusion of Segment by Type

Chapter 4 Integrated Facility Management (IFM) Market Segment Analysis by Application 4.1 Global Integrated Facility Management (IFM) Market by Application 4.1.1 IT and Telecommunications 4.1.2 Government & Public Administration 4.1.3 BFSI 4.1.4 Healthcare 4.1.5 Education 4.2 Global Integrated Facility Management (IFM) Revenue and Market Share by Application (2015-2020) 4.3 Leading Consumers of Integrated Facility Management (IFM) by Application in 2020 4.4 Conclusion of Segment by Application

Chapter 5 Integrated Facility Management (IFM) Market Segment Analysis by Sales Channel 5.1 Global Integrated Facility Management (IFM) Market by Sales Channel 5.1.1 Direct Channel 5.1.2 Distribution Channel 5.2 Global Integrated Facility Management (IFM) Revenue and Market Share by Sales Channel (2015-2020) 5.3 Leading Distributors/Dealers of Integrated Facility Management (IFM) by Sales Channel in 2020 5.4 Conclusion of Segment by Sales Channel

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fusion-kunal · 3 years ago

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Integrated Facility Management (IFM) MARKET GROWTH, TRENDS, COVID-19 IMPACT, AND FORECASTS (2021 - 2027)