Hard Services Facility Management Market to Reach $815.50 billion by 2026; Increasing Concentration on Facility Management to Spur Business Opportunities

The global hard services facility management market size is predicted to reach USD 815.50 billion by 2026.  The growing emphasis on facility and energy management will have a positive impact on the market revenue of hard services facility management during the forecast period. For instance, the International Facility Management Association (IFMA) initiated a Global Job Task Analysis (GJTA) program for determining the daily roles and responsibilities for modern hard services facility management, mentioned in a report, titled “Hard Services Facility Management Market Size, Share & Industry Analysis, By Service Type (Outsourced and In-house), By Industry Vertical (Healthcare, Government, Education, Military & Defense, Real Estate and Others) and Regional Forecast, 2019-2026” the market size stood at USD 584.55 billion in 2018 and is expected to exhibit a CAGR of 4.2% between 2019 to 2026.

Collaboration between ISS and Global Professional Firm to Spur Market Opportunities

ISS, world’s leading facility services company announced to enter into a 5-year vested agreement with global professional services firm. The vested partnership between the companies is aimed at providing mutually developed vision and desired outcomes. The collaboration can be vital factor in boosting the hard services facility management market trends due to it being the first to span cross all Nordic countries and the fourth Vested partnership. The deal will also allow to expand its partnership across Norway, Sweden and Finland. Furthermore, Johnson Controls International plc, an Irish-domiciled multinational conglomerate headquartered in Cork, Ireland announced the launch of Tyco Cloud, an innovative cloud-based security suite developed to aid customers with complex security infrastructure for access control and video surveillance to the cloud. The introduction of the Tyco Cloud will spur opportunities for the market in the forthcoming years owing to its security management, which will aid organizations to reduce costs, scale security operations and improve enterprise security. In addition, the cloud solutions will enable users to secure assets and facilities through video surveillance and other security operations connected to cloud services.

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Immoderate Service Cost to Dwindle Market Growth

The recruitment of hard working and efficient staff can be one of the critical tasks for the company. Numerous companies face problem to recruit, train and motivate employees for delivery and distribution, warehouse and inventory activities and office support services. Hard facility services can be expensive because facilities management provider is probable to pay hiring costs from its operational budget, which, in, turn, restricts the growth of the market. Facilities that are rented for outdoor services are paid at local expenses with agreement and request from the area’s administration office. Moreover, the high cost associated with facility management can be a crucial factor in dampening the hard services facility management market share during the forecast period.

Emphasis on Innovation by Sodexo to Intensify Market Opportunities

Sodexo, one of the eminent catering and facilities management company is fixed on enhancing its market reputation by offering innovative services into the market. For instance, in February 2020, Sodexo initiated the usage of automation and predictive data analysis using the cutting-edge technology, for delivering improved, innovative and safe facility services across healthcare, education, government and other sectors in Australia. Moreover, the focus of various regional players towards strategic partnerships and collaboration will consolidate market competition, which, in, turn will boost market prospects.

The Report Lists the Main Companies in the Hard Services Facility Management Market

• Sodexo


• CBRE Group, Inc.


• ISS A/S


• Compass Group


• Aramark


• Jones Lang LaSalle Incorporated


• Cushman & Wakefield plc.

Further Report Findings

• Regional Analysis: The market in Asia Pacific generate a revenue of USD 206.64 billion in 2018 and is predicted to grow rapidly during the forecast period owing to the rising urbanization and industrialization in the China and India.


• Leading Segment: The real estate sector is expected to hold the lion’s share during the forecast period owing to the rising modernization and high demand for commercial infrastructure development.

The Market is Segmented into: