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Facilities Management Software Procurement Category Market Research Report Now Available from IBISWorld(PR Web Via Acquire Media NewsEdge) Los Angeles, CA (PRWEB) September 21, 2014 The market for facilities management software exhibits a buyer power score of 3.1 out of 5, representing a moderate level of buyer power. "Buyers benefit from the fragmented, yet stable marketplace, but are hurt by rising wage costs, increasing demand and a lack of substitutes," according to IBISWorld business research analyst, Dale Schmidt. No facilities management software vendor is able to gain a powerful market share due to the low barriers to entry, which has allowed new entrants to consistently carve out market shares. This benefits buyers because it gives them many choices when looking for software, allowing them to compare vendors in order to secure the best deal. Despite the fragmented market, the average vendor enjoys financial stability due to the growing market for the software and the generally high profit margins. On the other hand, facilities management software has no real substitutes. It is designed to increase the efficiency of facilities management professionals, and a similar efficiency enhancer does not exist. "This helps vendors generate high profit margins because buyers cannot find a comparable product elsewhere," says Schmidt. In addition, the growing demand for the software has been driving prices up in recent years and is expected to continue to increase the price in coming years. As the price increases, buyer power diminishes. The market also exhibits a moderate degree of specialization, meaning that each package is customized somewhat for each buyer, which can hinder a buyer's ability to compare competing products side-by-side. Facilities management software also includes significant setup costs, which can prove costly if a buyer needs to switch vendors. Major vendors include Archibus Inc., International Business Machines Corporation and Bentley Systems Inc. For more information, visit IBISWorld's Facilities Management Software procurement category market research report page. Follow IBISWorld on Twitter: https://twitter.com/#!/IBISWorld Like IBISWorld on Facebook: http://www.facebook.com/pages/IBISWorld/121347533189 IBISWorld Procurement Report Key Topics This report is intended to assist buyers of facilities management software. These software packages track maintenance schedules and workflow, inventory levels and energy usage of the buyer's facilities, helping to reduce costs. Software functionality is typically split into modules including asset management, visitor management, maintenance management, space management and more. Executive Summary Pricing Environment Price Fundamentals Benchmark Price Pricing Model Price Drivers Recent Price Trend Price Forecast Product Characteristics Product Life Cycle Total Cost of Ownership Product Specialization Substitute Goods Regulation Quality Control Supply Chain & Vendors Supply Chain Dynamics Supply Chain Risk Imports Competitive Environment Market Share Concentration Market Profitability Switching Costs Purchasing Process Buying Basics Buying Lead Time Selection Process Key RFP Elements Negotiation Questions Buyer Power Factors Key Statistics About IBISWorld Inc. IBISWorld is one of the world's leading publishers of business intelligence, specializing in Industry research and Procurement research. Since 1971, IBISWorld has provided thoroughly researched, accurate and current business information. With an extensive online portfolio, valued for its depth and scope, IBISWorld's procurement research reports equip clients with the insight necessary to make better purchasing decisions, faster. Headquartered in Los Angeles, IBISWorld Procurement serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772. Read the full story at http://www.prweb.com/releases/2014/09/prweb12185252.htm (c) 2014 PRWEB.COM Newswire |