The latest report by IMARC Group, titled “GCC Facility Management Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028,“ offers a comprehensive analysis of the industry, which comprises insights into the GCC facility management market report. The report also includes competitor and regional analysis, and contemporary advancements in the market.

The GCC facility management market is projected to exhibit a growth rate (CAGR) of 10.10% during 2023-2028.

GCC Facility Management Market Overview:

Facility management encompasses a range of disciplines and services to ensure the functionality, comfort, safety, and efficiency of a building environment by integrating people, place, process, and technology. It involves the management of services and processes that support the core business of an organization. The types of facility management services include hard services, such as building and mechanical maintenance, and soft services, such as cleaning and security. Key aspects involve strategic planning, resource management, emergency preparedness, and sustainability initiatives. The advantages of effective facility management include improved efficiency of operations, enhanced employee productivity, reduced operational costs, and compliance with health and safety standards. Facility management plays a critical role in extending the lifecycle of assets, optimizing resource usage, and ensuring a safe and efficient working environment.

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GCC Facility Management Market Trends:

The GCC market is experiencing robust growth, driven by the rapid development of commercial and residential infrastructure in the region. Additionally, the construction boom, particularly in countries like Saudi Arabia and the UAE, is leading to an increased demand for integrated facility management services. Urbanization, coupled with the economic diversification efforts away from oil dependency, is further propelling market expansion. Along with this, the increasing adoption of smart and sustainable building practices in the region is fostering demand for sophisticated facility management solutions that incorporate advanced technologies such as IoT, AI, and automation for enhanced operational efficiency. In addition, the growing focus on green building initiatives and the implementation of stringent regulatory policies regarding building maintenance and safety are also significant contributors to the market growth. Furthermore, the trend towards outsourcing non-core operations, including facility management, by businesses in the GCC region is creating new opportunities for service providers. This trend is driven by the expanding real estate sector and the increasing emphasis on cost-effective and efficient building management solutions.

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GCC Facility Management Market Segmentation:

Service Insights:

• Property 
• Heating, Ventilation and Air Conditioning (HVAC) Maintenance
• Mechanical and Electrical Maintenance 
• Cleaning
• Security
• Catering
• Support
• Environmental Management

Mode of Facility Insights:

• In-house
• Outsourced
• Integrated
• Bundled
• Single

End User Insights:

• Commercial
• Industrial
• Residential

Country Insights:

• Saudi Arabia
• UAE
• Qatar
• Bahrain
• Kuwait
• Oman

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Key highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• COVID-19 Impact on the Market
• Porter’s Five Forces Analysis
• Strategic Recommendations
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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