ISS Expands Partnership With Eaton to Provide Integrated FM
ISS has announced that it has agreed with power management company Eaton to expand their nine-year partnership from single-service food services to fully integrated...
Read Full ArticleIntegrated 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:
“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
Article written by Brian Shillibeer | Published 17 November 2017
ISS has announced that it has agreed with power management company Eaton to expand their nine-year partnership from single-service food services to fully integrated...
Read Full ArticleMitie is to deliver a new integrated facilities management contract with Royal London, the UK’s largest mutual life insurance, pensions and investment...
Read Full Article