The facilities management services market in MEA to grow at a CAGR of 10.08% during the period 2016-2020.
Facilities Management Services Market in MEA 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. To calculate the market size, the report considers the revenue generated from the sales of FM services in the Middle East.
The role of technology is constantly evolving in the delivery of FM services. Vendors need to harness the power of cutting-edge technologies in delivering an efficient and time and cost-effective services to end users. Several new technologies have embraced the FM services industry of late. Smart security surveillance systems, intelligent energy saving solutions, smart building management systems, and advanced robotics are some examples of modern technology that are boosting the new level of services. These advanced communication systems have enabled optimizing information, upscaling the level of operations, and enhancing services delivery to end-users.
According to the report, the infrastructure sector in the Middle East is likely to grow rapidly, owing to several mega-scale projects planned during the forecast period. In 2015, the total construction projects of GCC alone was valued to be $172 billion. Another $2.8 trillion worth projects are already in progress or in the planning stage.
Further, the report states that the demand for professionals that have long-standing expertise in dealing with projects in niche areas is high. On the contrary, the availability of such professionals in the country is fewer than required. The unskilled manpower switches jobs for better payments. Hence, controlling staff attrition at that level is also a big challenge. FM services employ both skilled as well as unskilled manpower. However, attrition is significantly high in the soft services sector, and so vendors face shortage due to high demand for soft services that demand more unskilled manpower.