Market Trends of Serbia Facility Management Industry
This section covers the major market trends shaping the Serbia Facility Management Market according to our research experts:
Increasing Demand for Outsourcing Facilities Management
- With the evolution of technologies like IoT, many trends and developments are spurring in the facility management market across a wide range of applications such as IoT Security and Energy Efficiency.
- To track energy usage in real-time and identify opportunities to reduce consumption, energy management software like Wattics, Surple, CAFM/IWMS, and others are catalyzing the market growth.
- Onsite power generation has been used since the beginning of utility grid backup, electrification, and for prime power from small, dedicated applications to micro-grids and entire buildings. This system helps to reduce utility power costs. Data centers and other large power-demanding construction projects face this issue. So, lignite coal contributes majorly to the power generation in Serbia.
- In the future, companies will seek out outsourcing to manage facility management more effectively. The trend for outsourcing facility management is becoming increasingly popular because of the real estate market share followed by other industries such as Banking, Financial Services, Insurance sector, and IT&Telecommunications.
- The market growth is driven by the modernization of the offices, with the increase in adoption of cloud-based solutions in smart building technology and enhanced space management. Utilizing smart building sensors to only switch on lighting, heating, and other climate control systems when spaces are occupied is boosting the market growth.
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IoT holds the Significant Market Share
- The retail industry is rapidly changing daily, and last-mile delivery is pivotal in this sector. The facility management trends are helping shape the market growth with the help of smart technologies like GPS, RFID tags, and IoT-enabled sensors in packages to maintain the temperature and humidity of the shipments by continuously monitoring them in real-time.
- In Serbia, Facilities Management will continue to grow in importance.G4S technology solutions like Smart Facility Management can lead to improvement in the efficiency of assets, overall facility performance, cost, increased productivity, and energy savings.
- IoT(Internet of Things) and connected devices empower the Facility management market growth by maintaining comfortable work environments and quality remotely. Whether capturing data from entry points that can steer crucial operating decisions or automatically adjusting climate control settings, this technology will be relied upon more heavily in facility management this year than before.
- Machine learning and Predictive Analytics drives the facility management market growth. The systems, with the help of these technologies, use data collected from IoT-enabled sensors, which help in continually refining the business models by making the analytical prediction in facility management performance and efficiency.
