Facility management is an essential part that handles many functions related to the enterprise and assists in streaming all the operations with reducing the cost. It provides a variety of disciplines & services to ensure the safety comfort, functionality, and efficiency of the built environment for instance infrastructure and real estate. It includes various parameters such as Communications management, operations & maintenance, emergency management & business continuity, real estate & property management, environmental stewardship & sustainability project management, hospitality & human factors and ergonomics. Facility Management is divided into two areas: Soft Facilities Management (Soft FM) and Hard Facilities Management (Hard FM). Soft FM deals with tasks performed by people including lease accounting, security, catering, grounds keeping, and custodial services whereas hard facilities management deals with the physical assets that include heating & cooling, elevators and plumbing.
According to study, “U.A.E. Facility Management Market: Market Segments: By Service (Property[HVAC Maintenance, Mechanical & Electrical Maintenance], Cleaning, Security, Catering, Support, Environmental Management and Other Services);ByEnd User (Commercial, Residential&Industrial)By Mode (In-House&Outsourced[Integrated, Bundled, Single]); By Type (Hard, Soft and Others); and Region – Analysis of Market Size, Share & Trends for 2014 – 2019 and Forecasts to 2030” the key companies operating in the U.A.E. facility management market are EFS Facilities Management Services, COFFEY BESIX Facility Management, EMCOR Group Inc., Imdaad LLC, EMCOR Group Inc, Farnek Services LLC, Etisalat Facilities Management LLC, Khidmah LLC, Transguard Group LLC, Al Shirawi Facilities Management LLC, Deyaar, Idama Facilities Management Solutions, MAB Facilities Management LLC, Enova Facility Management Services LLC, Eltizam Asset Management Group. These leading players have expanded their market presence by adopting various business strategies for instance acquisition, product development, geographical expansion, strategic alliance, and collaboration.
Based on type, U.A.E. facility management market is segmented as soft, hard, and others. Based on offering, the market is segmented as services and solutions. The services segment is further sub-segmented as managed services and professional services (auditing & quality assessment, consulting & training, deployment & integration, service-level agreement (SLA) management and support & maintenance). The solutions segment is further sub-segmented as facility property management (asset maintenance management, lease accounting & real estate management, reservation management, and workspace & relocation management), facility environment management (waste management and sustainability management), and facility operations & security management (lighting control, emergency & incident management and video surveillance & access control). Based on mode, the market is segmented as outsource (bundles, integration, and single) and in-house. The in-house segment holds the major share in the market due to the high acceptance rate. The in-house services segment is estimated to exhibit a considerable growth rate owing to the convenience they provide to users during the forecast period. In addition, based on end-user, the market is segmented as industrial, commercial, and residential.
The U.A.E. facility management market is driven by rising demand for facility management solutions integrated with intelligent software, followed by a surge in demand for cloud-based facility management solutions, growth in inclination to use advanced technologies for maintaining sustainability at workplaces, increase in the focus of enterprises to comply with regulatory policies, and growth in adoption of Internet-of-Things (IoT) and Artificial Intelligence (AI) in the facility management solutions.
However, the dearth of the skilled or expert workforce and lack of managerial awareness & standardization may impact the market. Moreover, the rise in the trend of outsourcing facility management operations is a key opportunity for the market. It is predicted that the future of the U.A.E. facility management market will be bright as a result of an increase in construction activities in the country and growth in the tourism industry during the forecast period.
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