Austria Facility Management Market Size

Austria Facility Management Market Analysis

The Austria Facility Management Market is expected to register a CAGR of 3.72 % over the forecast period 2022 to 2027. Contract globalization and services integration is expected to accelerate growth in the FM market, particularly the commercial building sector, given the increase in penetration of commercial building services through the forecast period.

• Regarding development and sophistication, Austria is one of the most important outsourced markets for facility management services. The Austria facilities management sector is based on integrated contracts from major vendors across country boundaries. At the same time, small local competitors focus on single contracts and single-service solutions. However, given the regional characteristics, there are increasing opportunities to use facility management and corporate real estate differently.
• Furthermore, facility management (FM) encompasses management strategies and procedures for building management, infrastructure management for an organization, and general harmonization of an organization's work environment. For an enterprise, this system standardizes services and streamlines operations.
• However, security concerns related to devise safety and network safety are restraining market growth. Increasing security breaches and cybercrime group threats are causing distrust and affecting the market growth.
• Several service suppliers operating in the region have concentrated on growing their presence over the last decade to capitalize on the increasing demand for facility management, especially with the current trend favoring the outsourcing of non-core functions. Furthermore, given the country's characteristics, Austria has seen a rise in the potential to use facility management and corporate real estate in new directions.
• The market for Austria facility management has shown moderate expansion due to increased demand for employees with higher qualifications. This scenario is expected to boost market development throughout the forecast period. The continuing epidemic has resulted in the region's market growing steadily. However, the epidemic has hampered manufacturing, resulting in a dramatic drop in company inputs.
• The COVID-19 pandemic has had a mixed business impact on facilities management organizations. The limits on people's movement resulted in a drop in project work and a lower activity level at numerous client sites. The pandemic lockdown had a negative impact on major market participants such as CBRE Group, ISS Global and others.