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Facility 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. In April 2021, Schneider Electric announced the launch of the IoT-enabled EcoStructure rail platform in India. The company plans to build an advanced integrated digital environment for efficient, safe, and reliable metro rail operations. The solution further aims to enhance smart management and provide electrical safety while improving energy efficiency by about 25%.
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. According to Fortune Business Insights, the global market of facility management is expected to reach USD 1.62 trillion by 2027 while exhibiting a CAGR of 4.05 between 2020 and 2027. Moreover, several companies are focusing on adopting modern technologies such as artificial intelligence, automation, and data monitoring to thrive on the lucrative opportunities.
Sodexo is one of the leading facility management and food services companies based in France. The company has its presence in over 80 countries, along with an overall employee strength of 4,28,237 and increasing. In 2020, the company registered revenues worth EURO 22.0 billion. Amid the COVID-19 pandemic, Sodexo introduced a supportive service for organizations to upgrade their operational processes known as Rise with Sodexo. The company has been aggressively adopting innovative strategies to strengthen its footprint in the global market. For instance, in June 2020, Sodexo announced its partnership with Bureau Veritas to introduce a hygiene verification label for Sodexo services that gives quality assurance to consumers.
The American real estate services firm CBRE Group, Inc. was founded in 1906. With over 100,000 employees, the company registered revenue worth USD 23.8 billion in 2020. CBRE offers a broad range of integrated solutions and services such as property, facilities, and project management, coupled with mortgage and development services. In July 2019, the company was selected by Cargotec Oyj, a Finland-based cargo handling provider, to integrate facility management and real estate services into global solutions across the Americas, Asia Pacific, Europe, and the Middle East & Africa.
ISS A/S is a prominent facility management services company having its headquarters in Copenhagen, Denmark. The company’s core area of service includes technical, cleaning, food and workplace. Founded in 1901, the company has gained a significant footprint in the global marketplace with its innovative strategies. For instance, in December 2020, the company launched an enhanced and refreshed strategy known as OneISS to create a platform for long-term growth and performance, leading to consistent cash generation.
British multinational company Compass Group is the largest foodservice contract company. In 2020, the company generated a revenue of EURO 19.940 billion and, as per the estimates of 2020, consists of an employee strength of about 548,143. The company is one of the formidable forces in the global market as it serves meals across locations such as hospitals, cultural venues, universities, schools, factories, and offices. In December 2019, the company announced its partnership with EAT, a non-profit organization. This partnership aims to transform the global food system by working closely on a pilot project in its Nordic operations to track the carbon footprint of the food it serves.
Aramark Corporation is one of the leading American foodservice, uniform, and facility service providers. Positioned in Philadelphia, Pennsylvania, United States, the company generated around USD 1,460 million in 2017. In August 2019, Aramark announced the acquisition of Good Uncle, a prominent food service provider that utilizes an application to conveniently deliver food service to pick-up points around college campuses. The acquisition is expected to consolidate the company's position that thrives on innovation and technology-driven solutions, making it a formidable company globally.
Jones Lang LaSalle (LLP) is a global commercial real estate services provider having its base in the United Kingdom. The company has its offices across 80 countries and is ranked 179th on the Fortune 500 list. In 2020, LLP generated revenue worth USD 16.6 billion and consisted of a strong workforce of around 91,000. In March 2021, JLL announced a multi-faceted transaction with Roofstock, an online marketplace in the dynamic single-family rental (SFR) sector. The deal involves a strategic minority investment in Roofstock by JLL and commercial partnerships that expand its service offerings in the residential sector.
The Chicago, Illinois based company Cushman & Wakefield is one of the largest commercial estate firms worldwide. The company registered a revenue of USD 8.8 billion in 2019 and has an overall employee strength of over 53,000. In March 2020, Cushman & Wakefield acquired Réponse, a design & build contractor in France. The acquisition strengthens its business in France, adding a build capability & in-house design services, alongside its existing services such as Capital Markets, Development, Agency, Asset Services, Hospitality, Valuation & Advisory, and Occupier Services.
Founded in 1963, the Germany-based private multiservice provider has its presence in over 17 countries globally. With a formidable workforce of around 66,122, Dussmann is a global facility management company that provides cleaning, catering, technical, and security services. In March 2021, the Dussmann Group acquired the Janus Group Vienna through its subsidiary Dussmann Service Austria. The Janus Group is a prominent provider of disinfection and cleaning services to healthcare facilities. The acquisition strengthens the healthcare cleaning expertise of Dussmann Service Austria.
Johnson Controls International plc is an Irish multinational company having its headquarters in Cork. The company has its presence across 2000 locations in over six continents and includes more than 105,000 employees worldwide. In April 2021, Johnson Controls secured USD 91 million projects from the U.S. General Services Administration (GSA). The company will focus on improving facilities and energy efficiencies of landmark buildings. As part of the National Deep Energy Retrofit (NDER) program, GSA will focus on upgrading building technologies to pursue net-zero energy consumption to achieve energy goals as per various federal Energy Acts.
One of the pioneers of the global market, Atalian is a U.K.-based facility management company that provides solutions ranging from cleaning to catering. In April 2021, the company partnered with Alcumus, a leading provider of supply chain management solutions in the U.K. The partnership is aimed at pre-qualifying contractors to ensure safety and ethical work culture.