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The development of special economic zones and mega food parks is likely to aid the growth of the facility management market during the forec
A recent study conducted by the strategic consulting and market research firm BlueWeave Consulting revealed that the India facility…
UAE Facility Management Market on a Prosperous Mode: Likely to Grow at a CAGR of 11.0% in the Forecast Period
A recent study conducted by the strategic consulting and market research firm BlueWeave Consulting revealed that the UAE facility management market was worth USD 14.4 billion in the year 2020. According to the study, the market is estimated to grow at the CAGR of 11.0%, earning revenue of around USD 29.8 billion by the end of 2027. UAE facility management market is flourishing at a high rate because of the growing expenditure towards construction activities and flourishing tourism in the country. Furthermore, the government initiatives towards economic diversification and development of commercial facilities such as shopping malls, offices, hotels, etc., significantly fueling the demand for facility management in UAE, driving the market growth.
Growing Adoption of IoT Is Anticipated Driving the UAE Facility Management Market
The introduction of IoT in facility management is providing lucrative growth opportunities to the UAE facility management market. The application of IoT can generate valuable data by tracking and monitoring multiple operations simultaneously and its sensors can provide insightful information that assist in improving business productivity. With the use of IoT in healthcare facility management, businesses can determine how much resources and energy are consumed and adjust it accordingly. The benefits of IoT are significantly driving the growth of the UAE facility management market.
Increasing Investment in Infrastructural Development
One of the major driving factors for the UAE facility management market is the growing expenditure on infrastructural development. The transportation sector is the most advanced sector driving the economy of the UAE. Also, the government is investing in the construction of the real estate, recreational facilities, hotels, and catering facilities in the country that require regular maintenance and management. Due to this, the demand for facility management is projected to grow in the UAE during the forecast period.
UAE Facility Management Market - By End-User
Based on end-users, the UAE facility management market is segmented into commercial & retail, manufacturing & industrial, government, infrastructure, & public entities, institutional, and others. Among these, the commercial and retail segment accounts for the largest market share in the UAE facility management market. Commercial spaces such as shopping malls, hotels, retail stores, and office buildings prominently demand facility management services. Furthermore, the growing demand for facility management in the real estate industry is another factor driving the growth of the market in the UAE. On the other hand, the government, infrastructure, and public entities also cover a substantial share in the market because of the increasing government expenditure and interest in managing public spaces.
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UAE Facility Management Market - Regional Insights
Geographically, the UAE facility management market is segmented into Abu Dhabi, Dubai, and others. Dubai dominated the UAE facility management market in 2020. However, Abu Dhabi also covers a substantial share in the market as this city has a flourishing tourism segment. In order to manage the tourist attractions and Arab architecture, facility management services are in high demand. Moreover, the oil export industry is strong in this region, which is another important factor powering market growth.
Impact of COVID-19 on UAE Facility Management Market
The UAE facility management market was initially negatively affected by the sudden outbreak of the COVID-19 pandemic. The obstruction in the construction activities and temporary ban on tourism limited the demand for facility management in UAE. As a result of the lockdown, commercial facilities such as shopping malls, hotels, etc., were also unable to operate, which led to a significant loss for facility management companies. Nevertheless, after the COVID-19 pandemic, the demand for sanitation and hygiene services at public spaces is expected to drive the UAE facility management market.
Competitive Landscape
The leading players in the UAE facility management market are Emcor Facilities Services WLL, ENGIE Cofely Energy Services LLC, Imdaad LLC, Farnek Services LLC, Enova Facilities Management Services LLC, Etisalat Facilities Management LLC, Emrill Services LLC, Marafeq Facilities Management LLC, Deyaar Facilities Management LLC, ServeU LLC, and other prominent players.
The market is highly fragmented with increasing industry participants and is flourishing with major growth potential. The companies significantly focus on expanding their services to cover different industries to expand their revenue. They are also investing in the adoption of advanced technology such as cloud and IoT. Furthermore, the adoption of competitive strategies, such as partnerships, mergers, acquisitions, joint ventures, etc., is also prominent in this market.
Don’t miss the business opportunity of the UAE facility management market. Consult our analysts to gain crucial insights and facilitate your business growth.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the UAE facility management market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends of the UAE facility management market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.
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Our dedicated team of professionals offers a wide range of soft services such as Housekeeping Services, Mailroom Management Services, and Facility Management.
Best Facility management services in Dubai | Ready Skills
Facility & Management Services in Dubai
Each corporate headquarters or residential buildings need the best maintenance, cleaning, and management solutions so that they can focus on their key goals. Ready Skills Facility Management Services are aimed for excellent performance and manageability and higher security perspectives. The services are combinations of onsite and offsite service delivery methodologies and help organizations keep their facility well maintained.
A wide range of services are planned and tailor-made to meet diverse customer requirements spanning from simple reporting of basic level availability of technology infrastructure to advanced system administration activities.
Facility Management is ideally having two areas of operation which are commonly referred to as Hard Facility Management and Soft Facility Management. Soft services refer to the physically built environment with a focus on infrastructure such as design, planning, maintenance, etc.
Whereas Hard services cover employees and organization such as cleaning, catering, office shifting, and much more.
The unique features of Facility Management Services comprise of:
· Effective usage of facility modern equipment
· Collaboration with professional consultants
· Optimized design and execution process
· Overall cost management for enhanced profits
Importance of Facility Management Services:-
Over the last few years, most of the businesses have started realizing the importance of effective management services for their profit margins. Each organization needs Facility Management professionals to get the best value of their facilities. These professionals are well trained to monitor, maintain, analyze, repair, and maintain all the facilities used by an organization during the day today and run a business effectively. They devise and adjust facilities management strategies to reduce the cost and increase employee productivity.
Be it a well-established organization or a growing organization, it attracts a mushrooming list of resources of managing their facilities. A facilities management team maintains the facilities as well as ensures that all areas are compliant with safety regulations. They are competent to tackle any situation, plan and respond immediately and also handle on-site emergencies.
Factors that make Facility Management important are:
· Enhance the cost-efficiency of the business
· Manage health and safety requirements
· Improve the lifespan of your assets
· Ensure smooth business operations
· Monitor and maintain compliance
A business which fails to effectively manage its facilities are more prone to falling out of regulatory compliance and face higher maintenance costs. Moreover, there is also a risk of mismanaged equipment. Thus, organizations now avail the Facility Management Services as it allows a business to efficiently co-ordinate timely maintenance of assets ensuring improved usability and increase cost-efficiency of business.
The facilities management professionals have now become an important component of any business by focusing on risk assessment, waste management and disposal, strategic planning, maintain complete compliancy waste management with safety regulations, enable cost-effective working processes, management of buildings, people, assets and much more to ensure smooth business operations.
As your business flourishes and your offices get bigger, availing Facility Management Services becomes absolutely imperative and should never be underestimated as it helps in smooth business operations.