November 20, 2006—The integrated facility management (IFM) market has been experiencing continual growth. Cost savings have become an important element for all companies, particularly since the overall slowdown from 2000. As a result, many businesses are recognising the benefits of outsourcing IFM as a way of reducing operating costs and improving efficiency. Integrated facility management specialists are responding to the general enthusiasm for such partnership-style working through the focused development of customer-supplier relationships. At the same time, they are devising strategies to address mounting competitive pressures and an evolving market landscape.
Frost & Sullivan finds that the Total European Integrated Facility Management Market earned revenues of $12.7 billion in 2004 and estimates this to reach $22.3 billion in 2011.
To achieve high competency, IFM suppliers are augmenting their range of services. As global competition escalates, many single service providers have sought to widen their service offerings and penetrate the I-FM market through either strategic partnerships or acquisitions.
The Total European Integrated Facility Management Market is part of Frost and Sullivan’s Building Technologies Subscription, which also includes research in the following markets: municipal waste collection, sorting and separation, thermal waste treatment, biological waste treatment and, landfill services.
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