AP NEWS

Facility Management Services Market in Middle East 2019-2023 | Growth Analysis and Forecast | Technavio

November 23, 2018

LONDON--(BUSINESS WIRE)--Nov 23, 2018--According to the research report on the facility management services market in the Middle East by , the market will post a CAGR of more than 11% during the period 2019-2023.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20181123005183/en/

Technavio has released a new market research report on the facility management services market in the Middle East for the period 2019-2023. (Graphic: Business Wire)

A key driver for the facility management services market in the Middle East is the rapid growth in commercial construction. Since 2017, there has been a rapid increase in the construction of commercial infrastructure in sectors such as transport, hospitality, entertainment, and healthcare in the Middle East. The steady implementation of construction projects in 2018 as a part of the strategic vision of the key countries in the Middle East will drive the construction activity in the region.

This research report also provides an analysis of the most important trends expected to impact the market outlook during the period 2019-2023. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time only:

In this report, Technavio highlights the incorporation of waste management as a key service in facility management as one of the key trends in the facility management services market in the Middle East:

Facility management services market in the Middle East: Incorporation of waste management as a key service in facility management

Owing to the increased emphasis on waste reduction initiatives in the Middle East, many facility management vendors are incorporating waste management as a core function. Numerous facility management vendors are developing long-term frameworks for waste management due to the limited sustainability of current industrial waste management practices in countries such as the UAE and Saudi Arabia and the high potential for improvement in waste management practices.

“Vendors such as Cofely Besix and Farnek provide waste management as part of their core service offerings. The governments in many Middle Eastern countries are expected to impose stringent regulations to monitor waste disposal. For instance, in 2017, the Dubai Municipality imposed tipping fees for general waste disposed by residential and commercial buildings within the city. During the forecast period, waste management as a service module is expected to be increasingly adopted by facility management service vendors,” says a senior analyst at Technavio for research on automation.

Facility management services market in the Middle East: Segmentation analysis

This facility management services market analysis report segments the market in the Middle East by service (soft service and hard service) and regions (Saudi Arabia, UAE, Qatar, Bahrain, Kuwait, and Oman).

The soft service segment held the largest facility management services market share in 2018, accounting for over 67% of the market. This segment is expected to dominate the global market throughout the forecast period.

Saudi Arabia led the market in 2018 with more than 53% of the market share, followed by the UAE and Qatar respectively. Saudi Arabia is expected to dominate the market throughout the period 2019-2023.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market definition Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at .

View source version on businesswire.com:https://www.businesswire.com/news/home/20181123005183/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD: MIDDLE EAST

INDUSTRY KEYWORD: CONSTRUCTION & PROPERTY COMMERCIAL BUILDING & REAL ESTATE

SOURCE: Technavio Research

Copyright Business Wire 2018.

PUB: 11/23/2018 10:36 AM/DISC: 11/23/2018 10:35 AM

http://www.businesswire.com/news/home/20181123005183/en

AP RADIO
Update hourly