Market Size of Portugal Facility Management Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 2.50 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Portugal Facility Management Market Analysis
The Portugal facility management market is expected to register a CAGR above 2.5% over the forecast period 2022 to 2027. Facility Management is creating an environment that makes more accessible and more effective the realization of the organization's core business through the management of facilities and support services, operation and maintenance services, all of that provide an integrated vision of the infrastructure, services, and people.
- The growing focus of organizations on maximizing their assets, improving customer relations, redefining their workspaces to be more pleasing and productive, and decreasing their carbon footprint adding the growth in the facility management market.
- In November 2021, the government of Portugal announced an investment program to fund Portuguese startups with an additional Euro 250 million for the expansion of the tech industry in the country. This is likely to propel the demand for facility services in the country in the near future.
- The companies are setting up their offshore offices to empower their business with new talent resources in Portugal. For instance, in April 2022, Ascendix, a US-based custom development company empowering businesses with its services, including cloud migration, cross-platform app development, and system integration, launched its second offshore office in the country. Such expansions by companies in the country provide opportunities for facility services providers in the country. The facility management market in the country is shifting towards resource-indexed contracts to a joint value creation model. The service provider and the customer are making partnerships to find better ways to improve conditions in their business spaces and environments while managing better and with fewer resources.
- COVID-19 had a mixed impact on the market due to reduced business operation in the country. This leads to a reduction in the demand for facility services by the companies. Also, the different facility services faced a new set of challenges. However, post covid, facility management services are increasing for workplace management services in organizations such as cleaning, disinfecting, and others.
