Market Trends of Slovenia Facility Management Industry
This section covers the major market trends shaping the Slovenia Facility Management Market according to our research experts:
IoT Allows Facility Management Teams to Drive for Efficiency, Sustainability, and Cost Savings
- IoT will continue to grow in importance, where IoT or the Internet of Things will be seen to generate performance data alerting FMs to potential breakdowns in the country. FMs can monitor and control the devices from anywhere. Advances in IoT and connected objects coming in the future will enable more secure and accurate building management and maintenance. In simpler terms, the facility managers will benefit from real-time information feedback to the system, analyze data, and control the equipment in a building with web-based automation.
- Furthermore, 5G will connect objects and equipment and make them communicate with each other. The facility manager can then have a single management system controlled via a central platform maintained on a single site and linked to external apps via APIs. A connected device can also include many sensors and meters, each of which can be separately engaged or disabled over the network. According to International Telecommunication Union (ITU), fixed broadband subscriptions in Slovenia were reported at 651,604 in 2020.
- In addition, the facility manager will be notified in real-time of maintenance and repair needs, as well as security processes and reporting. The building's operation will also be described in greater detail. Also, better system documentation will lessen conflicts among owners, tenants, and facility managers. In this way, IoT and the advent of 5G are expected to revolutionize facility management in the country.
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Commoditization of Facility Management is witnessing increasing demand in the country
- Despite the tremendous income potential of outsourced FM, services are becoming more commoditized across the country, and organic growth is difficult. Service integration and advanced advisory services focusing on productivity, user experience, and sustainability will become the norm in the business.
- Co-working will entail numerous different organizations, businesses, and individuals sharing space, similar to managed workspace, where a third party provides space and facilities. As it has been labeled, the co-working revolution reflects a growing demand among professionals and creatives for autonomy, a lack of hierarchy, flexibility, and community.
- Corporate real estate and facilities management are becoming increasingly vital to business success. Its trend is driven by changes in the built environment, which includes commercial, educational, industrial, recreational, residential, retail, and transportation infrastructure. It also helps businesses succeed by focusing on consistency, continuous improvement, and dependability through time, cost, and quality management. To improve corporate performance, facilities management in each built environment sector must be studied.
- An efficient facility management solution optimizes productivity through specific productivity-focused tools and functions. These solutions suit all organizations, from entry-level employees to top-level management.
- However, facility management is ripe for disruption in the country. For instance, in terms of digital maturity and penetration of technology, it 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 already involved in this role, either directly or indirectly. Several incumbents have developed an integrated facilities management offering to gain a larger market share.
