United States Computer-Aided Facility Management (CAFM) Market to Reach Slightly Above US $500 Million by 2025
LOS ANGELES, November 19, 2019 (Newswire.com) - QY Research has announced the addition of a new report to its service and software archive of market research studies, titled “United States Computer-aided Facility Management (CAFM) Market Size, Status and Forecast 2019-2025.” According to the report, the United States Computer-aided Facility Management (CAFM) market was more than US $285 million in 2018 and is anticipated to reach slightly more than US $500 million by the end of 2025, exhibiting a robust CAGR of 8.3% during the forecast period 2019-2025.
Benefits Offered by Computer-Aided Facility Management Solutions to Drive the Market
Reduced operational costs, increased profitability, and labor and time-saving benefits associated with Computer-aided Facility Management solutions are creating robust demand for these solutions among the end-user industries. The growing need for improved operational efficiency and optimal utilization of resources and organizational assets among enterprises in different verticals has raised the adoption of Computer-aided Facility Management solutions. Manufacturers are offering advanced and reliable Computer-aided Facility Management solutions and services to the clients, which is positively influencing the market demand.
Cloud-based CAFM to Gain Demand among Enterprises in the Coming Years
The United States' Computer-aided Facility Management (CAFM) market has been segregated on the basis of type segments, such as cloud-based and on-premises. Cloud-based Computer-aided Facility Management solutions are relatively cheaper than on-premise ones. Moreover, they are accessible from any user portal with the help of an internet connection, thus making it a feasible solution for many enterprises. On the other hand, on-premise solutions offer varied customization options, as compared to cloud-based.
The report also offers detailed analysis of the application segments, including industrial and manufacturing, property management firms, logistics and retail, education and government, healthcare, and others. Usage of Computer-aided Facility Management software is increasing in property management firms, as it allows facility managers to plan and monitor activities related to workplace and asset management.
Get a PDF sample copy of this report: https://www.qyresearch.com/sample-form/form/1301411/united-states-computer-aided-facility-management-cafm-market
Strong Presence of Leading Players to Bode Well for the United States CAFM Market
Most of the key market players are based in the U.S., which is positively influencing the Computer-aided Facility Management market growth in this country. Moreover, widespread adoption of Computer-aided Facility Management solutions by enterprises is a key factor driving the United States Computer-aided Facility Management market.
Market Participants to Offer Customized CAFM Solutions to the End Users in the Near Future
Some of the key manufacturers operating in the United States Computer-aided Facility Management (CAFM) market are IBM, ManagerPlus, Dude Solutions, DPSI, eMaint, Fortive, ServiceChannel, Hippo, MPulse, Real Asset Management, FasTrak, MVP Plant, MicroMain, Fiix, MX, IFS, and UpKeep. Manufacturers are expected to provide customized and standalone CAFM solutions and services to clients across various locations in the years ahead. These solutions are likely to offer support for deployment, design and integration, consultancy, data migration, and managed services.
Source: QY Research, Inc.
