Asia-Pacific Soft Facility Management Market Size

APAC Soft Facility Management Market Analysis

The Asia-Pacific soft facility management market is expected to register a CAGR of 5.8% over the next five years. The outbreak of COVID-19 had a mixed business impact on soft facilities management firms in the region. The soft facility management market is witnessing multiple partnership activities between vendors and commercial entities within the region. Key SFM companies, such as CBRE Group Inc., Sodexo Inc, Aden Group, Aeon Delight Co. Ltd. (Aeon Co. Ltd), and Group Atalian, are innovating consistently by making significant R&D initiatives to bring new growth opportunities for the market.

• Government authorities are collaborating with private players to increase the need for new soft facility management services. For instance, Ventia supports local governments throughout Australia and New Zealand by providing soft facilities management services. The complete soft facility management services include cleaning services for parks, buildings, and community facilities such as libraries, community halls, sports facilities, and pools. Such an initiative will further enhance asset management and waste management services.
• Increasing investments in healthcare infrastructure are expected to drive market growth over the next five years. For instance, ISS is proud to be recognized as an industry leader in Cleaning Excellence with Healthcare partner Ormiston Private Hospital in New Zealand this year.
• The growing investments in automation technologies are expected to increase the region's demand for soft facility management services. For instance, IKON has been testing robotics for many years. These fully automated, multi-application cleaning robots increase the demand for cleaning and maintenance services.
• However, security services positively impact market growth. For instance, ISS Security Pty Ltd (ISS) partnered with Australia Pacific Airports (Melbourne) Pty Ltd (APAM) for a further four years to strengthen its security Services. Security Partnership that covers three major terminals at the Airport -terminals 2, 3, and 4.
• During COVID-19 pandemic, it was critical to maintaining consistent hygiene overall. Commercial cleaning service providers have provided various quality cleaning services throughout Australia. For instance, the Advanced Group Company, a significant player in the market, offered cleaning services during the COVID-19 pandemic lockdown. Post-COVID-19, there is an increasing demand for soft facility services, including office cleaning, waste management, gardening, pest control, and security guard services.