Southeast Asian Integrated Facilities Management Growth Opportunities

Acknowledgment of Transformative Trends, Particularly Those Pertaining to Technology Adoption, will be Key to Service Providers’ Advancement in the Region

The Southeast Asian (SEA) integrated facilities management (IFM) market is in the development stage of the growth life cycle, primarily supported by narrowing expectation gaps between IFM providers and end users, greater demand for energy efficiency, and regulatory support. Growth is also driven by the emergence of service providers that offer specialized FM services.

THowever, conservative end users restrain growth, particularly those from countries with slow acceptance of outsourcing or poor FM development (which, in turn, delay acceptance of the integrated concept). Uncertainties related to the outbreak of the COVID-19 pandemic in 2020 have resulted in negative developments; in addition, the market has been affected by the lack of common protocol and skilled personnel, and these factors have resulted in slow growth.

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