Computer Aided Facility Management Software Market to Witness Major Growth by 2028 | RIB IMS, Planon speedikon, FM AG
Published Via 11Press: According to HTF MI, “Global Computer Aided Facility Management Software Market: Industry Growth, Share, Trends, Size, Opportunity and Forecast 2023-2029“. It is expected that between 2023 and 2028, the global market for computer-aided facility management software will expand at a CAGR of 8.48%, reaching USD 690.61 million in 2023 and USD 1125.36 million by that time.
Facility Managers may plan, carry out, and monitor all operations related to proactive and reactive maintenance, space, and move management, asset management, operational facility services, room bookings, and other client services with the help of Computer Aided Facility Management Software. Business owners and their organizations may use business continuity and facility management software to bring important logistical tasks into the digital world thanks to CAFM (computer-aided facility management), a developing field of information technology. The CAFM system provides the ideal next-generation technological solution to a challenge that is as old as the idea of an office building, including everything from the daily management of desk space and conference rooms to a broad assessment of whether present office space is supporting an organization’s business goals.
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Key and Developing Players,
- eTASK Immobilien Software
- RIB IMS
- Planon speeding
- FM AG
- GIS PROJECT
- FM
- DynaSphere Software Process Solutions
- Sogema Group
- COR Software Solutions
- TGM
- Facility241
- getFM1
- HSD Händschke Software & Datentechnik
- N+P Informationssysteme
- Archibus (SpaceIQ)
Market Drivers
- Firms benefit from computer-assisted facility management software since it enables them to manage a single or a number of firms from a single database.
- At any level of the CAFM Explorer architecture, it is simple to construct a database of property information for each company site, and it has numerous essential features for property management.
- These features include the ability for the company to track the condition of building components including the structural and mechanical details as well as a dynamic relationship to property-related planned maintenance.
- Increasing the value of a company’s tangible assets, such as real estate, buildings, machinery, and other assets, may also boost earnings.
Market Opportunities
- Modern answers to classic problems are required in modern workplaces. Workplace challenges that have troubled employees for years have fresh solutions thanks to CAFM systems.
- It is not as though problems with maintaining assets, making effective use of a building’s space, and general building management are new.
- However, CAFM systems are an indispensable tool for any contemporary organization attempting to get the most out of its properties due to their accessibility, functionality, and adaptability as well as their simple interoperability with other technologies to improve business performance.
- Traditional FM used to focus primarily on the essential tasks associated with estates and property services.
Market Restraints
- In CAFM, significant technical advancements are being achieved.
- It is anticipated that these developments will have a profoundly disruptive impact and lead to profoundly revolutionary changes in how civilizations operate.
- Technological development is being driven by the digital revolution, which started more than 40 years ago.
- These innovations have implications for a wide range of research and development sectors since they are concentrated on the gathering, processing, and analysis of enormous volumes of data produced by the information sciences.
- These developments offer significant social and economic advantages, improved effectiveness, and enhanced productivity across several industries.
Market Challenges
- Cost control, which starts with the budgeting process, is the process of identifying and reducing business expenditures in order to enhance profits.
- Being forced to achieve more with less is a regular dilemma that many facility managers deal with.
- They need to handle financial constraints properly in order to deal with this.
- On-premise solutions demand the purchase of costly equipment as well as the upkeep of that hardware, which results in ongoing costs.
- As a result, cloud-based software often has cheaper upfront costs.
- Over time, these costs usually level out at around the same yearly cost.
- Due to the high cost of consultants, implementing on-premise apps might take anywhere between 12 and 24 months and cost a lot of money.
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Computer-Aided Facility Management Software Market Segmentation:
Market Breakdown by Applications:
- Government
- Real Estate
- Healthcare
- Transportation and Logistics
- Manufacturing
- Energy and Utilities
Market Breakdown by Types:
- SMEs
- Large enterprises
Report Scope
| The Market size value in 2023 | USD 690.61 Million |
| Revenue Forecast by 2033 | USD 1125.36 Million |
| Growth Rate | CAGR Of 8.48% |
| Regions Covered | Latin America, North America, Europe, the Middle East, and Africa, and the rest of the globe |
| Historical Years | 2018-2022 |
| Base Year | 2022 |
| Estimated Year | 2023 |
| Short-Term Projection Year | 2028 |
Competitive Landscape:
The competitive climate of the industry is thoroughly analyzed in addition to examining the profiles of the major competitors in the Computer Aided Facility Management Software market. Some of the players profiled are eTASK Immobilien Software GmbH, Planon Speedikon, RIB IMS GmbH, FM AG, and Scanmetrix.fm GmbH, GIS PROJECT, DynaSphere Software Process Solutions GmbH, COR Software Solutions, Sogema Group GmbH, TGM GmbH, getFM1, Facility241, HSD Händschke Software & Datentechnik GmbH, Archibus (SpaceIQ), N+P Informationssysteme GmbH
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Key highlights of the report:
- Computer-Aided Facility Management Software Market Performance (2018-2022)
- Computer-Aided Facility Management Software Market Outlook (2023-2028)
- Computer-Aided Facility Management Software Market Trends
- Computer-Aided Facility Management Software industry Drivers and Success Factors
- SWOT Analysis
- Value Chain Analysis
- Detailed competitive landscape
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