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Computer Aided Facility Management (CAFM) Market

Computer Aided Facility Management (CAFM) Market Size, Share & Trends Analysis Report, By Solution (Software, Services), Enterprise Size (Small and Mid-size Enterprises (SMEs), Large Enterprises)), By Industry, By Region, Forecasts, 2024-2031

Report ID : 2528 | Published : 2024-10-18 | Pages: 180 | Format: PDF/EXCEL

Computer Aided Facility Management (CAFM) Market Size was valued at USD 1.04 Bn in 2023 and is predicted to reach USD 1.83 Bn by 2031 at a 7.5% CAGR during the forecast period for 2024-2031.

Computer Aided Facility Management (CAFM) Market INFO

Computer-aided facility management (CAFM) is a software system that automates and streamlines facility management processes. It also helps facility managers better understand the assets and data, such as health and safety compliance, space utilization, occupant satisfaction, and more. CAFM comes in a variety of forms, including software, web-based applications, and cloud-based systems. The Global Computer-Aided Facility Management (CAFM) Market is gaining attraction in the market due to the increasing demand for automation in operations, processes, and asset management.

Increasing office infrastructure, the growing importance of data-driven decisions, the need for streamlined operations, and increasing investments in the facility management market are all factors contributing to the growth of the world CAFM market. CAFM) is a software system used to manage the operations of a facility and is becoming increasingly popular among facility managers due to its ability to reduce operational costs while improving quality of service. CAFM software provides solutions for various activities like scheduling, resource management, asset tracking, occupancy management, budgeting, and financial reporting. It also offers visualization tools and analytics to optimize the facility's performance and ensure compliance.

The COVID-19 pandemic has significantly impacted the computer aided facility management (CAFM) market. With remote work becoming prevalent, there's a heightened focus on workplace safety, cleanliness, and space utilization. CAFM solutions have adapted to include features such as contact tracing, occupancy monitoring, and social distancing planning to ensure compliance with health guidelines. However, economic uncertainty has led to budget constraints, slowing down CAFM adoption in some sectors. Overall, COVID-19 has reshaped priorities, driving innovation and adaptation within the CAFM market.

Competitive Landscape

Some of the Major Key Players in the Computer Aided Facility Management (CAFM) Market are

  • IBM Corporation
  • AssetWorks LLC
  • Sales Footprint
  • Idox plc
  • Elecosoft
  • FMX
  • ScienceSoftInc
  • Ultimo Software Solutions Ltd.
  • FSI (FM Solutions) Limited
  • Hippo CMMS
  • ServiceChannel
  • Maintenance Management
  • ManageEngine (Zoho Corp)
  • MRI Software
  • Planon Corporation
  • SIERRA ODC Private Limited

Market Segmentation:

The computer-aided facility management (CAFM) market is divided based on solution, enterprise size, and by industry. By solution, the computer aided facility management (CAFM) market is segmented into software and services. On the basis of enterprise size, the market is divided into small and mid-size enterprises (SMEs) and large enterprises. Based on Industry, the market is segmented into IT & telecom, BFSI, manufacturing, energy & utilities, government & defense, healthcare & life sciences, retail & CPG, transportation & logistics, and others.

IT and Telecom Segment is a Significant Contributor to the Computer-Aided Facility Management (CAFM) Market

In the computer-aided facility management (CAFM) market, IT and telecom solutions play a crucial role in managing data centers, office spaces, and telecommunications infrastructure. CAFM systems optimize space utilization, track equipment, and ensure efficient maintenance to minimize downtime. Given the complexity of IT environments, CAFM helps maintain regulatory compliance, improve security, and enhance operational efficiency. Cloud-based CAFM solutions are gaining traction in this segment for their scalability and remote management capabilities.

Small and Medium Enterprises (SMEs) Segment Witness Growth at a Rapid Rate

The segment is seen to grow at a rapid rate in the global computer aided facility management (CAFM) market. In this segment, computer aided facility management (CAFM) solutions offer cost-effective tools for managing facilities and resources. SMEs utilize CAFM systems to streamline maintenance, space planning, and asset tracking, enabling efficient use of limited resources. Cloud-based CAFM solutions are particularly popular among SMEs for their affordability and scalability. These solutions provide SMEs with access to advanced facility management capabilities without the need for significant upfront investments in hardware or infrastructure.

In the Region, North America Holds a Significant Revenue Share in the Computer-aided Facility Management (CAFM) Market

The North American computer aided facility management (CAFM) market is seen to have the largest market share in terms of revenue in the near future. It can be attributed to the need for integrated workplace management systems (IWMS), the growing acceptance of cloud-based CAF solutions, regulatory compliance requirements, and the focus on sustainability efforts are some of these causes. Technical developments like AI-driven analytics and mobile applications, which make facility management procedures more effective and improve user experiences, are further driving market expansion. Asia Pacific region is seen to grow at a rapid rate in the global computer aided facility management (CAFM) market due to growing concerns about the environment, rapid industrialization, government initiatives, and increasing funding in various industries.

Recent Developments:

  • In April 2024, Eptura announced its latest line of worktech innovations designed to assist businesses in resolving their most urgent issues with personnel, workspaces, and assets.
  • In March 2024, Elecosoft, a leading global software provider for the built environment, announced its beta release of AstaGPT, an AI tool for its Asta suite of scheduling and project planning solutions.

Computer-Aided Facility Management (CAFM) Market Report Scope

Report Attribute

Specifications

Market Size Value In 2023

USD 1.04 Bn

Revenue Forecast In 2031

USD 1.83 Bn

Growth Rate CAGR

CAGR of 7.5% from 2024 to 2031

Quantitative Units

Representation of revenue in US$ Bn and CAGR from 2024 to 2031

Historic Year

2019 to 2023

Forecast Year

2024-2031

Report Coverage

The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends

Segments Covered

By Solution, By Enterprise Size, By Industry and By Region

Regional Scope

North America; Europe; Asia Pacific; Latin America; Middle East & Africa

Country Scope

U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; Southeast Asia; South Korea

Competitive Landscape

IBM Corporation, AssetWorks LLC, Sales Footprint, Idox plc, Elecosoft, FMX, ScienceSoft Inc, Ultimo Software Solutions Ltd., FSI (FM Solutions) Limited, Hippo CMMS, ServiceChannel, Maintenance Management, ManageEngine (Zoho Corp), MRI Software, Planon Corporation, and SIERRA ODC Private Limited.

Customization Scope

Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape.

Pricing And Available Payment Methods

Explore pricing alternatives that are customized to your particular study requirements.

Chapter 1. Methodology and Scope

1.1. Research Methodology

1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Computer Aided Facility Management (CAFM) Market Snapshot

Chapter 4. Global Computer Aided Facility Management (CAFM) Market Variables, Trends & Scope

4.1. Market Segmentation & Scope

4.2. Drivers

4.3. Challenges

4.4. Trends

4.5. Investment and Funding Analysis

4.6. Industry Analysis – Porter’s Five Forces Analysis

4.7. Competitive Landscape & Market Share Analysis

4.8. Impact of Covid-19 Analysis

Chapter 5. Market Segmentation 1: by Solution Estimates & Trend Analysis

5.1. by Solution & Market Share, 2019 & 2031

5.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Solution:

5.2.1. Software

5.2.1.1. Cloud-based

5.2.1.2. Web-based

5.2.1.3. On-premises

5.2.2. Services

5.2.2.1. Integration and Implementation

5.2.2.2. Business Consulting & Advisory

5.2.2.3. Support & Maintenance

5.2.2.4. Managed Services

Chapter 6. Market Segmentation 2: by Enterprise Size Estimates & Trend Analysis

6.1. by Enterprise Size& Market Share, 2019 & 2031

6.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Enterprise Size:

6.2.1. Small and Mid-size Enterprises (SMEs)

6.2.2. Large Enterprises

Chapter 7. Market Segmentation 3: by Industry Estimates & Trend Analysis

7.1. by Industry & Market Share, 2019 & 2031

7.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Industry:

7.2.1. IT & Telecom

7.2.2. BFSI

7.2.3. Manufacturing

7.2.4. Energy & Utilities

7.2.5. Government & Defense

7.2.6. Healthcare & Life Sciences

7.2.7. Retail & CPG

7.2.8. Transportation & Logistics

7.2.9. Others

Chapter 8. Computer Aided Facility Management (CAFM) Market Segmentation 4: Regional Estimates & Trend Analysis

8.1. North America

8.1.1. North America Computer Aided Facility Management (CAFM) Market Revenue (US$ Million) Estimates and Forecasts by Solution, 2019-2031

8.1.2. North America Computer Aided Facility Management (CAFM) Market Revenue (US$ Million) Estimates and Forecasts by Enterprise Size, 2019-2031

8.1.3. North America Computer Aided Facility Management (CAFM) Market Revenue (US$ Million) Estimates and Forecasts by Industry, 2019-2031

8.1.4. North America Computer Aided Facility Management (CAFM) Market Revenue (US$ Million) Estimates and Forecasts by country, 2019-2031

8.2. Europe

8.2.1. Europe Computer Aided Facility Management (CAFM) Market Revenue (US$ Million) Estimates and Forecasts by Solution, 2019-2031

8.2.2. Europe Computer Aided Facility Management (CAFM) Market Revenue (US$ Million) Estimates and Forecasts by Enterprise Size,2019-2031

8.2.3. Europe Computer Aided Facility Management (CAFM) Market Revenue (US$ Million) Estimates and Forecasts by Industry, 2019-2031

8.2.4. Europe Computer Aided Facility Management (CAFM) Market Revenue (US$ Million) Estimates and Forecasts by country, 2019-2031

8.3. Asia Pacific

8.3.1. Asia Pacific Computer Aided Facility Management (CAFM) Market Revenue (US$ Million) Estimates and Forecasts by Solution, 2019-2031

8.3.2. Asia Pacific Computer Aided Facility Management (CAFM) Market Revenue (US$ Million) Estimates and Forecasts by Enterprise Size,2019-2031

8.3.3. Asia-Pacific Computer Aided Facility Management (CAFM) Market Revenue (US$ Million) Estimates and Forecasts by Industry, 2019-2031

8.3.4. Asia Pacific Computer Aided Facility Management (CAFM) Market Revenue (US$ Million) Estimates and Forecasts by country, 2019-2031

8.4. Latin America

8.4.1. Latin America Computer Aided Facility Management (CAFM) Market Revenue (US$ Million) Estimates and Forecasts by Solution, 2019-2031

8.4.2. Latin America Computer Aided Facility Management (CAFM) Market Revenue (US$ Million) Estimates and Forecasts by Enterprise Size,2019-2031

8.4.3. Latin America Computer Aided Facility Management (CAFM) Market Revenue (US$ Million) Estimates and Forecasts by Industry, 2019-2031

8.4.4. Latin America Computer Aided Facility Management (CAFM) Market Revenue (US$ Million) Estimates and Forecasts by country, 2019-2031

8.5. Middle East & Africa

8.5.1. Middle East & Africa Computer Aided Facility Management (CAFM) Market Revenue (US$ Million) Estimates and Forecasts by Solution, 2019-2031

8.5.2. Middle East & Africa Computer Aided Facility Management (CAFM) Market Revenue (US$ Million) Estimates and Forecasts by Enterprise Size,2019-2031

8.5.3. Middle East & Africa Computer Aided Facility Management (CAFM) Market Revenue (US$ Million) Estimates and Forecasts by Industry, 2019-2031

8.5.4. Middle East & Africa Computer Aided Facility Management (CAFM) Market Revenue (US$ Million) Estimates and Forecasts by country, 2019-2031

Chapter 9. Competitive Landscape

9.1. Major Mergers and Acquisitions/Strategic Alliances

9.2. Company Profiles

9.2.1. IBM Corporation

9.2.2. AssetWorks LLC

9.2.3. Sales Footprint

9.2.4. Idox plc

9.2.5. Elecosoft

9.2.6. FMX

9.2.7. ScienceSoftInc

9.2.8. Ultimo Software Solutions Ltd.

9.2.9. FSI (FM Solutions) Limited

9.2.10. Hippo CMMS

9.2.11. ServiceChannel

9.2.12. Maintenance Management

9.2.13. ManageEngine (Zoho Corp)

9.2.14. MRI Software

9.2.15. Planon Corporation

9.2.16. SIERRA ODC Private Limited

9.2.17. Other Prominent Players

Segmentation of Computer-Aided Facility Management (CAFM) Market

Computer-Aided Facility Management (CAFM) Market - By Solution

  • Software
    • Cloud-based
    • Web-based
    • On-premises
  • Services
    • Cloud-based
    • Web-based
    • On-premises

Computer Aided Facility Management (CAFM) Market Seg

Computer-Aided Facility Management (CAFM) Market - By Enterprise Size

  • Small and Mid-size Enterprises (SMEs)
  • Large Enterprises

Computer-Aided Facility Management (CAFM) Market - By Industry

  • IT & Telecom
  • BFSI
  • Manufacturing
  • Energy & Utilities
  • Government & Defense
  • Healthcare & Life Sciences
  • Retail & CPG
  • Transportation & Logistics
  • Others

Computer-Aided Facility Management (CAFM) Market - By Region

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of Middle East and Africa

InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

To know more about the research methodology used for this study, kindly contact us/click here.

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Frequently Asked Questions

How big is the Computer Aided Facility Management (CAFM) Market Size?

Computer Aided Facility Management (CAFM) Market is predicted to develop at a 7.5% CAGR during the forecast period for 2024-2031.

Hippo CMMS, ServiceChannel, Maintenance Management, ManageEngine (Zoho Corp), MRI Software, Planon Corporation, and SIERRA ODC Private Limited.

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