• Facilities management
• Repair and rectification consultants
• Construction companies
• Engineering consultants

• Technology adoption readiness within the industry vertical and stakeholders / the technology trends that these stakeholders are adopting within the industry vertical

• Total addressable market (TAM)

Data Availability

• Generally, the initial round of research indicates that data availability is adequate on this topic.

Facilities Management Insights: APAC

#1: Rising Industrialization to Boost Demand

• The APAC market size was $79.53 billion in 2020.

• Having a population of about 1.39 billion people, China is able to provide cheaper labor compared to other nations. This makes the country a favorite location for industries worldwide to establish their manufacturing units.
• On the other hand, India is an emerging nation in terms of industrialization, which is again backed by its population, being the second-most populous country.
• These factors are expected to drive the demand for facilities management and scale up the market share in the region.

#2: Navigating Competition Post-Pandemic

• "In light of the COVID-19 pandemic, the built environment has reached a point of inflection concerning health and safety improvements, as building occupants are increasingly cautious about their physical surroundings, including population density, air quality, and cleanliness."
• With this, facilities managements that provide traditional maintenance will continue to thrive while those that provide innovative solutions, like next-generation technologies, will gain a better competitive edge.
• Facilities management companies that will lead this category will be those that are providing better-quality operation, maintenance measures and services that ensure safe occupancy, as well as those that are reducing operating costs for building owners, considering the challenging economic environment.
• To remain successful and scalable, they must integrate Internet of Things (IoT) and artificial intelligence (AI) platforms that improve service efficiency to increase client satisfaction for higher customer retention.

Summary

• Within the first hour of research, we were able to provide two insights into the facilities management in the architecture, engineering, and construction (AEC) industry in APAC.
• We also checked for general data availability regarding the other parts of the project and found that it is adequate. Based on this and our early findings, we recommend further research to address the remaining parts of the project, including insights, technology trends, and the TAM.
• We will include our early findings in the final report for a better presentation of our findings.
• For all our proposals, we'll continue to focus on the APAC region.