technology

Middle East Facility Management Market Size to witness a CAGR of 15% through 2028

Middle East Facility Management Market Size to witness a CAGR of 15% through 2028

Renowned analysts cite that Middle East Facility Management Market is anticipated to witness a CAGR of 15% during the forecast timeframe & accrue noteworthy returns by the end of 2028.

Rising construction activities as well as the substantial demand from the transportation, educational, and governmental sectors are the major growth determinants for Middle East facility management market.

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Notably, the Middle East is well recognized for its crude oil extraction, hence the area is concentrating on infrastructural development to lessen its reliance on it, thus supporting the progress of the business sphere.

Furthermore, increasing foreign investments in industries that provide services including BFSI, tourism, and entertainment are expected to augment industry outlook in the coming years.

On the basis of service type, the market is divided into hard facility management services and soft facility management services. In terms of deployment mode, the industry is split into on-premise and cloud. Out of which, the cloud-based segment is likely to expand significantly over the forecast period.

Based on organization type, worldwide Middle East facility management market is bifurcated into large enterprises and SMEs. By end-user, the industry is branched into healthcare, defense & military, retail & commercial, education, government, IT & telecom, construction, and others.

Regionally, the latest trends are studied across countries like UAE, Saudi Arabia, Turkey, Egypt, South Africa, and the rest of Middle East and Africa. Among these, UAE industry is poised to grow tremendously over the forecast duration.

Moving to competitive landscape, the leading players in Middle East facility management industry are Engie Cofely Energy Services LLC, Farnek Services LLC, Emrill Services LLC, EFS Facilities Services Group, EMCOR Group, Inc., Initial Saudi Group, System One Facility Management Solutions, Emdad, CBRE Group, Inc., United Facilities Management (UFM), Michlol Solutions Ltd., Electra FM, Resonai Inc., OCS Group International Ltd., and CBM Qatar LLC among others.

Questions And Answers: Middle East Facility Management Market

Q1. What are the growth determinants for Middle East facility management market?

Answer: Rising construction activities as well as the substantial demand from the transportation, educational, and governmental sectors are the major growth determinants for Middle East facility management market.

Q2. Which deployment type category is slated to contribute significantly to Middle East facility management market earnings?

Answer: The cloud-based segment of worldwide Middle East facility management industry is poised to grow significantly over the forecast duration.

Q3. Which are the key players in Middle East facility management market?

Answer: Engie Cofely Energy Services LLC, Farnek Services LLC, Emrill Services LLC, EFS Facilities Services Group, EMCOR Group, Inc., Initial Saudi Group, System One Facility Management Solutions, Emdad, CBRE Group, Inc., United Facilities Management (UFM), Michlol Solutions Ltd., Electra FM, Resonai Inc., OCS Group International Ltd., and CBM Qatar LLC among others are the leading players in Middle East facility management market.

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