How big is the facilities management software market?
According to 6Wresearch internal database and industry insights, the facilities management software market was valued at approximately USD 6.1 billion in 2024 and is projected to reach USD 12.7 billion by 2031, growing at a CAGR of 10.9% during the forecast period.
The market is experiencing robust growth due to rising demand for centralized maintenance systems, increased focus on energy efficiency, and the growing adoption of IoT and cloud-based platforms. Integration with smart building technologies and a strong push for operational efficiency across sectors are also key drivers.
Key Growth Factors of the Facilities Management Software Market
- Rising need for efficient maintenance and asset tracking in large infrastructures
- Adoption of cloud-based platforms for remote and mobile access
- Increased regulatory compliance requirements in industries
- Smart building initiatives and automation driving software integration
- Cost reduction through predictive maintenance and resource optimization
- Growth in real estate, healthcare, education, and commercial sectors
Facilities Management Software Market Trends
The market is witnessing rapid digital transformation with growing adoption of AI-powered analytics, IoT-enabled sensors, and real-time monitoring. Mobile-first solutions and CAFM (Computer-Aided Facility Management) platforms are being prioritized. There is also increasing interest in energy management and sustainability tracking within FM systems.
Emerging Developments in the Facilities Management Software Market
Emerging developments in the facilities management software market include the deployment of digital twins for facility simulation, integration with ESG reporting tools, and blockchain for contract and asset transparency. Vendors are also introducing low-code/no-code customization options and modular software solutions to suit mid-sized enterprises.
Leading Companies in the Facilities Management Software Market
- IBM Corporation
- Oracle Corporation
- Trimble Inc.
- SAP SE
- Archibus Inc.
- FM: Systems Group, LLC
- Planon Group
- Accruent LLC
How Big Is the Facilities Management Software Market: FAQs
The facilities management software market is projected to reach approximately USD 12.7 billion by 2031.
The facilities management software market is growing at a CAGR of 10.9% from 2025 to 2031.
Real estate, healthcare, manufacturing, education, hospitality, and government institutions are key adopters.
Challenges include integration with legacy systems, data security concerns, and high upfront implementation costs.
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