Saudi Arabia Facility Management Market A Dive from USD 24.89 billion in 2022/by 2028 | MarkNtel Advisors
MarkNtel Advisors has recently released an all-encompassing report on Saudi Arabia Facility Management Market. The report thoroughly explores the present and future market scenarios, providing valuable insights into market size, share, and competitor segmentation. It also delivers an overview of manufacturers, regions, product categories, and application areas. This extensive research is designed to empower clients with the knowledge required to comprehend and capitalize on market trends for their business strategies.
Forecast 2028: Revealing Saudi Arabia Facility Management Market Insights and Analysis
The Saudi Arabia Facility Management Market size was valued at USD24.89 billion in 2022 and further expected to grow at a CAGR of 4.54% during the forecast period 2023-2028.
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Key Driver: Need for Optimum Utilization of Space & Energy Resources
Facility management services play a vital role in optimizing the utilization of space and energy resources, thereby reducing operating costs and enhancing sustainability. With the mounting construction activities in Saudi Arabia, the demand for efficient space and energy management solutions is on the rise. Facility management services enable organizations to manage their space requirements effectively, utilizing available space optimally while ensuring employee comfort and safety.
Further, the adoption of sustainable practices for energy conservation and resource utilization is also driving the market in Saudi Arabia. By reducing energy consumption and carbon footprint, these services help organizations achieve their sustainability goals while improving their operational efficiency. Therefore, energy and space management are key factors propelling the industry in Saudi Arabia.
A Comprehensive Overview of Geographical Diversity:
the Saudi Arabia Facility Management Market expands across:
- East
- West
- North
- South
- Central
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Saudi Arabia Facility Management Market Segmentation Outline:
- By Type
- Hard
- Soft
- Risk
- Administrative
By holding the potential share, Hard Services are expected to witness the highest growth in the Saudi Arabia Facility Management Market during the forecast period.
- By Operating Model
- In-House
- Outsourced
Out of all the operating models, the demand for the Outsourced model is expected to demonstrate significant growth during the forecast period due to its cost-effective implementation of all management services.
- By Service Delivery
- Integrated
- Bundled
- Single Services
- By End Users
- Commercial
- Residential
- Government
- Retail
- Education
- Healthcare
- Hospitality
- Others
- By Enterprise Size
- Large
- Mid-Size
- Small
Competitive Outlook
ENGIE Solutions, Khidmah LLC, Interserve Plc, Enova Facility Management Services LLC, Rezayat Group, Musanadah Facilities Management Co. Ltd., Nesma Trading Co. Ltd., Al Borj International, Petrojana, Al Hajry Overseas Co. Ltd., etc.
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