TwinFM

The online information & weekly news
service for Corporate Real Estate, Support
Services and Facilities professionals

Spotlight

Europeans Demanding More Bang For Their Euro

 Europeans Demanding More Bang For Their Euro
Nov 17
2017
👤 by Brian Shillibeer

Integrated facilities management (IFM) continues to represent the fastest growing segment of the European facility management industry and the industry will continue to move toward service integration and sophisticated advisory services focussed on business productivity, said a  Frost & Sullivan report released on Nov 16.

While European clients are demanding the value add - with areas such as workplace management, sustainability, data analytics and energy management all growing in popularity - multinational companies are likely to be challenged by national FM vendors moving into IFM and heightened merger and acquisition activities.

Frost & Sullivan’s research, European Integrated Facilities Management Market, provides a full competitive analysis, including market share, of the European market as a whole and at a regional level. It includes market revenue and growth forecast to 2022 as well as analysis by country, service type, delivery model, vertical end-user market, and contract type. European regions assessed include the United Kingdom, Germany, France, Italy, Spain, Benelux, Scandinavia, and the Alpine region.

To access more information on this analysis, Click Here

“The European IFM market is yet to see full consolidation. However, this will change in the next few years as firms add to their service capabilities by building hard FM skills and moving towards more integrated offerings,” said John Raspin, Partner at Frost & Sullivan. To survive and thrive in this highly competitive market, Raspin believes IFM companies need to embrace key market trends, including:

  • Cloud-hosted analytics to drive remote management for technical services and preventative maintenance.
  • New business models such as anything-as-a-Service (XaaS) models to utilise technology to shift from CAPEX to OPEX.
  • Social and demographics changes such as technology, labour force, and workforce change management to increase value creation.
  • Industry Mega Trends such as industrial internet of things, artificial intelligence, augmented reality, and intelligent robots to transform IFM services across Europe in terms of service delivery options and customer behaviour.

“Commercial multinationals have long taken the lead in reaping the benefits of IFM,” noted Raspin. “With lessons learnt from the commercial market, industrial multinationals are expected to increase their presence in this market whilst also bringing new, challenging demands for vendors.”

Picture: The main picture is an extract from a Frost & Sullivan infographic, shown in full below

 

 

Tags

UPCOMING EVENTS


Subscribe to Our Weekly News Service

Your e-mail will be secure with us. We will not share your information with anyone !

Follow @ThisWeekInFM


Opinion

Are Building Management Systems about deliver what their name has been promising for far too long? A solution that manages the building? asks Simon Bl [...]

View more

Useful LinksTAKE A LOOK →

International News

On November 29, the Federal Bureau of Investigation, in close cooperation with the Luneburg Central Criminal Investigation Inspectorate in Germany, Eu [...]

View more international news

Recent Comments

Listening to your clients is the ONLY way to deliver on the level of customer service they want. Deafness causes friction and a breakdown of trust and [...]

We have tried and tested the majority of products to mask combat odours in the toilets the Ecobreeze is the 1st product we have tried that works! And [...]