• Sat. Aug 20th, 2022

Facility Management Market Key Growth Factors, development trends, key manufacturers and competitive forecast.

ByKing's Research

Feb 4, 2022

Facility management (FM) software has evolved from being a system merely for registering buildings and asset data, to a system that aims to increase efficiency in the planning and execution of facility processes.

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Facility management software is fully web based and includes:

  • Workflow management
  • Extensive reporting
  • Business analytics
  • Integration with other IT systems like:
  • ERP software
  • Building technology
  • GIS solutions
  • BIM models
  • CAD software
  • Functionality for contracting services and monitoring agreed quality, budgets and performances.

Facility management software is often available via the cloud and delivered in a SaaS (Software as a Service), model increasing your flexibility of use and reducing your internal maintenance and investment effort. Cloud-based facility management software is becoming more common. The phrase ‘facilities management software’ is used interchangeably. When talking specifically about the software, the terms Computer Aided Facility Management (CAFM) and more recently Integrated Workplace Management System (IWMS) are commonplace.

A successful Facility Management strategy

  1. Facility Managment software costs and savings potential
  2. Flexibility to adapt to changing business and operational requirements
  3. Selecting the best sourcing strategy
  4. Demonstrating customer value
  5. Aligning workplace concepts with increasing workforce mobility

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