Indonesia Facility Management Industry Revenue is Expected to Reach Over USD 420 Million by the Year Ending 2023: Ken Research

Indonesia Facility Management Industry Revenue is Expected to Reach Over USD 420 Million by the Year Ending 2023: Ken Research

PR Newswire

GURUGRAM, India, April 1, 2019

GURUGRAM, India, April 1, 2019 /PRNewswire/ -- Key Findings

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Low Penetration of Integrated Facility Management (IFM) Services: Indonesia integrated facility management market is relatively nascent stage and its penetration is low due to preference for single and bundled services by most end users.

Increasing demand from multinational clients is likely to drive future demand for IFM services in Indonesia. The companies will focus on building efficiency through IFM services which would lead to cost reduction, increased efficiency and greater demand in the long run.

Increasing Number of Domestic Players: Rising government initiatives towards creation of new infrastructural facilities and buildings will lead to surge in the total number of local facility management players thereby, catering to increasing domestic demand in Indonesia over long term.

Analysts at Ken Research in their latest publication "Indonesia Facility Management Market Outlook to 2023 - By Single, Bundled and Integrated Services; By Soft Services (Housekeeping, Security, Landscaping and others ) and Hard Services (Electromechanical services, Operations and Maintenance Services, Fire Safety and Security Systems), By End User Sectors (Industrial, Commercial, Residential, Infrastructure and others)" believed that the facility management market in Indonesia will increase due to increasing partnerships with major domestic players for specific expertise in the (soft and hard) services. Industrial sector contributed the highest revenue share of over 50% to the overall facility management industry in Indonesia in the year 2018. Outsourced Personnel has contributed above 85% in generating revenues in the overall facility management market in the year 2018.

The market is expected to register a positive CAGR of 9.6% in terms of revenue during the forecast period 2018-2023E.

Key Segments Covered

By Soft Services and Hard Services

By Type of Services

By End User Sectors

Key Target Audience

Time Period Captured in the Report:

Companies Covered:

Key Topics Covered in the Report

For more information, refer to below link:

https://www.kenresearch.com/manufacturing-and-construction/real-estate/indonesia-facility-management-market/189023-97.html

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