Qatar Facility Management Market is currently at the growth stage owing to growing trend amongst clients opting for integrated facility management and single services, heavy investment in new technologies: Ken Research
Adoption of Integrated Financial Management: Growth in construction activities, banking, IT and telecommunication sectors have increased the demand for Integrated Financial Management services as more companies have begun outsourcing their non-core activities. Increasing number of multinational companies have begun outsourcing contracts for integrated facilities management.
Development of Smart Cities: Initiatives taken by the government of Qatar to develop smart cities has increased the demand for smart solution providers in transport, urban management, and security & solutions such as intelligent transport systems, flood monitoring systems and e-government services for citizens. This has further led to the increase in the demand of facility management services in the country.
Technology Advancements: Technological advancements that have impacted the industry are as follows-
- BIM technology enables organizations to visualize specific components of a space, including structural elements.
- Machine learning enables building systems to automatically collect and analyze data in order to predict outcomes.
- Smart Building Technology is used to automatically controls a facility’s operations, including heating, air conditioning, lighting and security
Harnessing Potential of Industrial Parks: The country has been working to develop the investment attraction and export-oriented growth. The building of new industrial parks and increasing investments in old ones as a tool to foster industrial upgrading, boost local development, decrease informality, increase employment, and stimulate trade.
Market Challenges: Lack of awareness amongst end users, Labour issues, return of migrants to home countries during COVID-19, are major challenges for Qatar Facility Management Market. The market is highly fragmented with many players operating in the country at the similar levels of revenues and margins.Lower capital investments and outsourcing services to third parties increase the presence of more players in this space.
Analysts at Ken Research in their latest publication “Qatar Facility Management Market Outlook to 2026F– Driven by Rising End-Users Awareness, Improving Technology and Government’s Strong Initiatives regarding Infrastructure” by Ken Research observed that Facility Management Market Outlook in Qatar is a growing market owing to increasing trend towards adopting sustainable practices. The rising Facility Management consciousness among the population and business owners, along with increasing infrastructural growth and technology, expansion of their operation, implementation of favourable government rules & regulations is expected to contribute to the market growth over the forecast period. The market is expected to grow at a 10.7% CAGR during 2021-2026F owing to increasing infrastructural growth and technology adoption.
Key Segments Covered
Qatar Facility Management:
- By Types of Services:
- Hard Services
- Soft services
- By Hard Services:
- Electromechanical Services (including HVAC)
- Operations and Maintenance Services
- Fire Safety and Security Systems
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- By Soft Services:
- Housekeeping (including Cleaning)
- Security
- Landscaping
- Others
- By Integrated Facility Services, Bundled Services and Single Services:
- Bundled services
- Single services
- Integrated facility management (IFM)
- By End User Sectors:
- Commercial (Includes Offices, retail, infrastructural)
- Industrial
- Residential
- By Personnel:
- In-House Personnel
- Outsourced Personnel
Key Target Audience
Real Estate Companies
Hospitality Sector
Individual Facility Users
Business Owners
Government
Facility Management Associations
Time Period Captured in the Report:
- Historical Year: 2016-2021
- Base Year: 2021
- Forecast Period: 2022– 2026F
Companies Covered:
- Emco Qatar
- Facilities Management & Maintenance Company, L.L.C.
- Mosanada Facilities Management Services
- ENGIE Cofely Mannai
- Al Asmakh Facilities Management
Key Topics Covered in the Report
- Qatar Real Estate Market Overview, 2021
- Qatar Facility Management Market Ecosystem
- Business Cycle and Genesis of Qatar Facility Management Market
- Value Chain of Qatar Facility Management Market
- Business Acquisition Process in Qatar Facility Management Market
- Market Sizing Analysis of Qatar Facility Management Market, 2016-2021
- Key Market Segmentations, 2021 (By Types of Services, By Single, Bundle and Integrated Services 2026F, By Types of Soft Services, By Types of Hard Services, By End-Users Sector and By Personnel Type Services)
- SWOT Analysis of Qatar Facility Management Market
- Key Growth Drivers in Facility Management Market in Qatar
- Trends and Developments in Qatar Facility Management Market
- Major Challenges Faced by the Qatar Facility Management Market
- Qatar Facility Management Market Major Technological Trends, 2021
- Competition Scenario in Qatar Facility Management Market
- Cross Comparison of Major Players in Qatar Facility Management Market
- Future Outlook of Qatar Facility Management Market, 2021-2026F
- Future Outlook of Market Segmentations, 2026F (By Types of Services, By Single, Bundle and Integrated Services 2026F, By Types of Soft Services, By Types of Hard Services, By End-Users Sector and By Personnel Type Services)
- Analyst Recommendations
For more information on the research report, refer to below link:
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