GMI

The global Facilities Management Market is projected to observe tremendous growth in coming years owing to the rising need for effective organizational functions management by combining process, place, and people in large work environments. Rising focus on managing workspaces, using services like space utilization, energy & utilities, and contract management, to ensure higher productivity, would enable the market growth. The industry is also poised to witness considerable growth from the tourism and hospitality sectors given the constant need to provide a continuous as well as efficient power supply to the sector’s infrastructure. Entertainment hubs, hotels, and airports use facility management (FM) services to manage their day-to-day activities. As per the UK government, in 2018, the country had had over 38 million international tourists. This number is expected to grow by a quarter by the end of 2025. While the COVID-19 pandemic has severely impacted the global tourism and hos...