Facilities Management (FM) encompasses a broad range of professional services supporting the functionality, safety, and sustainability of buildings and infrastructure. It is a strategic discipline that integrates people, place, and process within the built environment to enhance the core business of an organization. Key services are typically categorized into Hard FM (physical assets like HVAC, electrical, plumbing, structural maintenance) and Soft FM (services that make the space habitable, such as cleaning, security, catering, and waste management). 2026-2033
Global FM market, valued at approximately $1.6 – $1.75 Trillion in 2024 (various reports), is projected to reach over $2.3 – $3.8 Trillion by 2033, exhibiting a Compound Annual Growth Rate (CAGR) generally in the range of 3.3% to 11.8% from 2026-2033, depending on the scope (services vs. software) and regional focus. Growth is propelled by digital transformation and sustainability efforts.