Saudi Arabia Facility Management Market Insights:
The Saudi Arabia Facility Management Market size was valued at USD24.89 billion in 2022 and further expected to grow at a CAGR of 4.54% during the forecast period 2023-2028. The market is primarily driven by the rapidly increasing number of infrastructure development projects, along with growing construction activities in Saudi Arabia, which is propelling the demand for facility management services to manage the operations of buildings and facilities, including maintenance and management.
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Saudi Arabia Facility Management Market Definition:
Facility management refers to the practice of overseeing and maintaining the physical assets and infrastructure of a business or organization. This includes managing the maintenance, repair, and upkeep of buildings, equipment, and other physical assets, as well as ensuring that the facilities meet the needs of the organization's employees, clients, and customers.
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Possible Restraint: Increasing Cyber Threats Vulnerabilities
The rising number of cyber threats and data breaches in Saudi Arabia has raised concerns about the safety of data, devices, and networks. This factor, combined with the shortage of skilled professionals and lack of standardization, may hinder the growth of the facility management market. As a result, these challenges must be addressed to ensure the market's sustainable ascension in the future.
Saudi Arabia Facility Management Market Segmentation:
-By Type
- Hard
- Soft
- Risk
- Administrative
-By Operating Model
- In-House
- Outsourced
-By Service Delivery
- Integrated
- Bundled
- Single Services
-By End Users
- Commercial
- Residential
- Government
- Retail
- Education
- Healthcare
- Hospitality
- Others
-By Enterprise Size
- Large
- Mid-Size
- Small
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Saudi Arabia Facility Management Market Geographically Analysis:
-By Region
- East
- West
- North
- South
- Central
Saudi Arabia Facility Management Leading Companies:
- ENGIE Solutions
- Khidmah LLC
- Interserve Plc
- Enova Facility Management Services LLC
- Rezayat Group
- Musanadah Facilities Management Co. Ltd.
- Nesma Trading Co. Ltd.
- Al Borj International
- Petrojana
- Al Hajry Overseas Co. Ltd.
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