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Facilities Support Services Global Market Report 2021: COVID 19 Impact and Recovery to 2030

·2-min read

Major companies in the facilities support services market include Sodexo; Compass Group; ISS A/S; CBRE Group and Aramark. The global facilities support services market is expected to grow from $155.

New York, Feb. 17, 2021 (GLOBE NEWSWIRE) -- announces the release of the report "Facilities Support Services Global Market Report 2021: COVID 19 Impact and Recovery to 2030" -
26 billion in 2020 to $170.77 billion in 2021 at a compound annual growth rate (CAGR) of 10%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $235.38 billion in 2025 at a CAGR of 8%.

The facilities support services market consists of sales of facilities support services and related goods by entities (organizations, sole traders and partnerships) that provide operating staff to perform a combination of support services within a client’s facilities. Examples of facilities support services include janitorial, maintenance, trash disposal, guard and security, mail routing, reception, laundry, and related services to support operations within facilities. The facilities support services market is segmented into maintenance services; security & guard services; reception services and other facilities support services.

Western Europe was the largest region in the global facilities support services market, accounting for 35% of the market in 2020. Asia Pacific was the second largest region accounting for 29% of the global facilities support services market. Africa was the smallest region in the global facilities support services market.

Facilities support activities companies are increasingly using technology to effectively recruit and manage candidates. These technologies offer features such as passive activity tracking, integration with email platforms and maintaining candidate databases. This reduces recruitment time, improves placement quality, and strengthens relationship with clients. Recruitment analytics software also provides helpful business insights for staffing agencies. For example, in North America, 64% of firms use technologies such as an applicant tracking system (ATS) to track candidate activity and about 60% firms use a customer relationship management (CRM) system for business development.

Read the full report:

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