Asia Pacific Facility Management Solution Market Segments and Growth by 2028

Historic Data: 2019-2020 | Base Year: 2021 | Forecast Period: 2022-2028

Asia Pacific Facility Management Solution Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Component (Software and Services), Deployment (On Premise and Cloud-Based), Enterprise Size (Small and Medium Enterprises and Large Enterprises), and Application (BFSI, Retail, Transport and Logistics, Pharmaceuticals, Government, IT and Telecom, Manufacturing, and Others)

Report Date : Jan 2022
Report Code : TIPRE00026775

Category : Technology, Media and Telecommunications
Status : Published

Available Report Formats :
No. of Pages : 125

Page Updated: Feb 2022

Analysis Strategic Insights Market Drivers Regional Insights Report Scope Recent Developments FAQs

The Asia Pacific facility management solution market is expected to reach US$ 307.89 million by 2028 from US$ 153.06 million in 2021; it is estimated to grow at a CAGR of 10.5% from 2021 to 2028.

Factors such as the rising trend of outsourcing facility management operations and surging demand for cloud-based facility management solutions propel the growth of the market However, the lack of awareness and standardization about facility management solutions hamper the market growth.

With the digital transformation, the use of cloud-based platform is increasing due to its simple deployment and reduced deployment time and cost. Further, the internet infrastructure has matured in developed countries and is flourishing in several developing countries, allowing end users to access the cloud-based platform. A few benefits of cloud-based facility management solutions are secure hosting of critical data, improved security and scalability, and quick recovery of files. The backups are stored on a private or shared cloud host platform. Therefore, organizations can easily recover critical server data. Also, with a stable internet connection, the data can be easily accessed anywhere via secure logins. Cloud-based facility management solutions also decrease repair and maintenance costs and enhance customer satisfaction. Thus, several businesses are adopting the cloud-based platform for facility management software across the region. For instance, companies such as Honeywell, QuickFMS, and Focus Softnet Pvt Ltd provide cloud-based facility management solution. Therefore, numerous benefits have propelled the use of cloud-based solutions for integrating facility management services, which is projected to create lucrative opportunities for the facility management solution market in the coming years. Also, the rising trend of outsourcing facility management operations would help create future demand for facility management solutions.

In APAC, India is the worst-hit country due to the COVID-19 outbreak. With stringent regulations in APAC, the COVID-19 pandemic has propelled the adoption of automation in facility management processes, such as energy management, service requests, move-ins, and workspace customization. Increasing government investments in the building infrastructure sector and rising technological advancements in facility management services would create new opportunities for facility management solution market players in the coming years. For instance, drones can be used for inspection and security, holograms can be used for doors and electronic equipment, and elevator maintenance can be accessed through microchip implants. In addition, IoT (internet of things) technology is being used for indoor navigation, maintenance, security, and smart meeting rooms. Further, using RTLS (real-time locating systems), companies can track the large numbers of supplies and people. Therefore, the COVID-19 pandemic positively impacts the facility management solution market in APAC.

APAC Facility

Management Solution Market Revenue and Forecast to 2028 (US$ Mn)

This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.

ASIA PACIFIC FACILITY MANAGEMENT SOLUTION MARKET SEGMENTATION

By Component

Software
Services

By Deployment

On Premise
Cloud-based

By Enterprise Size

Small and Medium Enterprises
Large Enterprises

By Application

BFSI
Retail
Transport and Logistics
Pharmaceuticals
Government
IT and Telecom
Manufacturing
Others

By Country

China
Japan
India
Australia
South Korea
Rest of APAC

Company Profiles

Axonator Inc.
FacilityBot Pte Ltd
FM:Systems
IBM Corporation
ServiceChannel

Asia Pacific Facility Management Solution Report Scope

Report Attribute	Details
Market size in 2021	US$ 153.06 Million
Market Size by 2028	US$ 307.89 Million
Global CAGR (2021 - 2028)	10.5%
Historical Data	2019-2020
Forecast period	2022-2028
Segments Covered	By Component Software and Services By Deployment On Premise and Cloud-Based By Enterprise Size Small and Medium Enterprises and Large Enterprises By Application BFSI Retail Transport and Logistics Pharmaceuticals Government IT and Telecom Manufacturing
Regions and Countries Covered	Asia-Pacific China India Japan Australia Rest of Asia-Pacific
Market leaders and key company profiles	Axonator Inc. FacilityBot Pte Ltd FM:Systems IBM Corporation ServiceChannel

Research Manager

Ankita Mittal

Manager,
Market Research & Consulting

Ankita is a dynamic market research and consulting professional with over 8 years of experience across the technology, media, ICT, and electronics & semiconductor sectors. She has successfully led and delivered 100+ consulting and research assignments for global clients such as Microsoft, Oracle, NEC Corporation, SAP, KPMG, and Expeditors International. Her core competencies include market assessment, data analysis, forecasting, strategy formulation, competitive intelligence, and report writing.

Ankita is adept at handling complete project cycles—from pre-sales proposal design and client discussions to post-sales delivery of actionable insights. She is skilled in managing cross-functional teams, structuring complex research modules, and aligning solutions with client-specific business goals. Her excellent communication, leadership, and presentation abilities have enabled her to consistently deliver value-driven outcomes in fast-paced and evolving market environments.

What are the Asia Pacific Facility Management Solution Market report deliverables?

Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
PEST and SWOT Analysis
Market Size Value / Volume - Global, Regional, Country
Industry and Competitive Landscape
Excel Dataset

Asia Pacific Facility Management Solution Market Report Snapshots

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