Finland Facility Management Market Size

Finland Facility Management Market Analysis

The Finland facility management market is expected to register a CAGR of 1.2% during the forecast period (2022-2027).

• Facility management (FM) is a profession that encompasses multiple disciplines to ensure comfort, functionality, efficiency, and safety of the built environment by integrating people, process, place, and technology.
• In terms of digital maturity and penetration of technology, the facilities management market lags behind other tasks such as production equipment maintenance. Although technology is available for facilities management, a lack of digital skills inside the department, other leadership priorities, and an emphasis on constant cost-cutting have all stymied adoption.
• These considerations have made the facilities management outsourcing industry appealing to prominent suppliers who were already involved in this role, either directly or indirectly. In order to gain a larger share of the market, several incumbents have developed an integrated facilities management offering.
• Furthermore, the demand for facility management solutions and services is declining due to the COVID-19 outbreak. Due to reduced business operations in many sectors, there is a massive decline in the production and supply of raw materials, including transportation, manufacturing, and real estate. This leads to a reduction in the demand for FM services in these areas. The employees are not willing to work even with raw materials due to the fear of a pandemic.
• However, with the regular resuming of business operations after the lockdown, facility management solutions and services are increasing due to the requirement of workplace management in the organizations. Additionally, FM providers have been experiencing staff shortages due to various factors that include lockdown restrictions, furloughing self-isolation, and illness.