UK Facility Management Market to Grow by $19.6B by 2028, Driven by Cloud Solutions
- Editor
- Jan 29
- 1 min read
What's Happening: The UK facility management market is projected to grow by $19.6 billion from 2024-2028, with a CAGR of 4.6%. This growth is primarily driven by increasing demand for cloud-based facility management solutions and a trend towards adopting green cleaning products. However, budgetary constraints pose a challenge to market expansion.
The Key Moves:
Cloud-based facility management solutions are driving market growth
Adoption of green cleaning products is a key trend
Budgetary constraints are challenging market expansion
By The Numbers :
Market size growth: $19.6 billion from 2024-2028
CAGR: 4.6% during the forecast period
YoY growth 2022-2023: 4.11%
Key Quotes:
No direct quotes available in the press release
No direct quotes available in the press release
No direct quotes available in the press release
The Bottom Line: The UK facility management market is poised for significant growth, driven by technological advancements and sustainability trends. However, companies must navigate budgetary challenges to capitalize on this expanding market. The shift towards cloud-based solutions and eco-friendly practices presents opportunities for innovation and market differentiation.
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