|[March 14, 2017]
Cost Saving Opportunities for the Global Integrated Facility Management Services Market: Technavio
According to the latest procurement intelligence report from Technavio,
integrated facility management services market is expected to
grow at a CAGR of 6.3% over the next five years due to benefits such as
cost-effectiveness and reduction in complexities associated with
management of facility services.
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Technavio has published a new report on the global integrated facility management services market from 2017-2021. (Graphic: Business Wire)
The research report titled 'Global
Integrated Facility Management Services Market: Procurement Market
Intelligence Report 2017-2021' provides an in-depth
analysis of category spend, best procurement practices, and cost saving
opportunities, aimed at helping organizations achieve superior business
performance. The report also provides insights on pricing, supplier
positioning, and top companies, enabling sourcing professionals to
improve their competitive advantage through procurement excellence.
"The rising demand for integrated facility management services from
large organizations to save costs in the management of facilities is one
of the key drivers of the market," says lead Technavio procurement
specialist Angad Singh for category
spend intelligence. "The rise in commercial activities in
developing countries will lead to a quick rise in market revenue from
countries such as China, India, Vietnam, South Korea, and Malaysia,"
Request a sample report: http://www.technavio.com/request-a-sample?report=55420
Technavio sample reports are free of charge and contain multiple
sections of the report including the market size and forecast, drivers,
challenges, trends, and more.
Cost saving opportunities in the global integrated facility
management services market
The adoption of various cost-optimization levers helps buyers of global
integrated facility management services market realize direct cost
savings and enhance category management and value benefits (including
reduced procurement complexities).
Technavio procurement experts have segmented the cost saving
opportunities in the global integrated facility management services
market into the following value-enhancement opportunities:
Adoption of technology
Adoption of negotiation strategies
Optimization of procurement practices
Bundling of services
Adoption of technology saving aspects
Integrated facility management service providers offer smart-building
management solutions using advanced cloud-based technology to provide
real-time control of buildings.
Other important technologies adopted by the suppliers in the industry
include GIS, facility maintenance software, BIM, and integrated
workplace management systems. These solutions save up to 10% of the
total category spend for the suppliers.
Optimization of procurement practices saving aspects
Optimizing procurement practices by adopting a center-led procurement
model and an outsourced sourcing model with a supply pool integration to
make an optimum mix of global and regional firms will lead to saving up
to 15% of the total category spend.
Most suppliers adopt contract based models subject to be renewed every
5-6 years and priced based on time and materials invested. This provides
flexibility to both the supplier and the buyer to opt for the model most
suitable to both.
Bundling of services saving aspects
Buyers seek to engage with service providers that can provide
value-added services that complement the corporate mission and specific
needs. Suppliers bundle facility management services such as catering,
cleaning, support, and security services. Buyers can choose any
combination of these bundles services per their requirements.
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is a leading global technology research and advisory company. The
company develops over 2000 pieces of research every year, covering more
than 500 technologies across 80 countries. Technavio has about 300
analysts globally who specialize in customized consulting and business
research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research
techniques to ascertain the size and vendor landscape in a range of
markets. Analysts obtain information using a combination of bottom-up
and top-down approaches, besides using in-house market modeling tools
and proprietary databases. They corroborate this data with the data
obtained from various market participants and stakeholders across the
value chain, including vendors, service providers, distributors,
resellers, and end-users.
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View source version on businesswire.com: http://www.businesswire.com/news/home/20170314005734/en/
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