PUBLISHER: Grand View Research | PRODUCT CODE: 1813807
PUBLISHER: Grand View Research | PRODUCT CODE: 1813807
The global facility management software market size was estimated at USD 3.79 billion in 2024 and is projected to reach USD 9.60 billion by 2033, growing at a CAGR of 11.1% from 2025 to 2033. The market is driven by the accelerated digital transformation initiatives among organizations shifting from traditional manual facility operations to automated, data-driven management systems.
Enterprises across sectors such as commercial real estate, healthcare, education, and industrial manufacturing are transitioning toward integrated, cloud-native FM software environments that enable centralized control, real-time analytics, and predictive maintenance. This demand is fueled by the growing reliance on Computerized Maintenance Management Systems (CMMS), Integrated Workplace Management Systems (IWMS), and cloud-based CAFM solutions, which facilitate operational agility, cost efficiency, and enhanced occupant experiences. For instance, commercial property managers are increasingly deploying IWMS platforms to optimize space utilization, monitor energy consumption, and streamline vendor management through real-time dashboards and mobile-enabled workflows.
The market is further intersecting with emerging advancements in artificial intelligence (AI), Internet of Things (IoT), and smart building technologies, as organizations prioritize intelligent, connected facilities to meet sustainability and operational efficiency goals. Businesses are integrating AI-driven predictive maintenance, IoT sensor-based occupancy tracking, and automated energy optimization features within their FM software ecosystems to reduce downtime, enhance asset longevity, and achieve ESG targets. Additionally, the adoption of AI-powered security management, smart cleaning schedules, and automated compliance reporting is expanding the scope of FM software from pure asset management to holistic facility intelligence.
Consequently, these technological advancements are positioning FM software platforms not only as operational tools but also as strategic enablers of digital, sustainable, and resilient workplace environments. Furthermore, to support evolving needs, major vendors are embedding AI analytics, digital twin modeling, and cloud-native Solution Type capabilities into their FM offerings, enabling organizations to drive efficiency, adaptability, and sustainability at scale. For instance, in January 2021, IBM launched an upgraded TRIRIGA AI-powered IWMS platform featuring digital twin integrations and sustainability analytics, helping enterprises achieve smart building objectives while complying with tightening global sustainability regulations. These innovations are establishing FM software as a central component of enterprise digital transformation roadmaps across sectors.
Global Facility Management Software Market Report Segmentation
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the global facility management software market report based on deployment mode, solution type, enterprise size, end-use, and region: