SANTA CLARA, Calif., Aug. 19, 2021 /CNW/ — Frost & Sullivan’s recent analysis on Southeast Asian integrated facilities management (IFM) finds that the IFM market is on an upswing in the region due to the demand for energy efficiency, regulatory support, narrowing expectation gaps between service providers and end-users, and the emergence of service providers that offer specialized FM services. As a result, this market is estimated to garner $2.41 billion in revenue by 2025 from $1.82 billion in 2020, registering a 5.8% compound annual growth rate(CAGR). Additionally, the increasing deployment of technologies due to COVID-19 and environment-conscious consumers’ emphasis on adopting energy-efficient methods will further expedite market progress. Though IFM adoption levels are anticipated to vary across the Southeast Asian countries, Singapore and Malaysiaare expected to observe the highest adoption rates.
