Computer-aided Facility Management (CAFM) Market

Computer-aided Facility Management (CAFM) Market: - An Overview

Computer-aided Facility Management (CAFM) system is defined as a combination of computer-aided design (CAD) and relational database software with specific abilities for facilities management. CAFM includes utilization and creation of IT based system in the built environment. Computer-aided facility management system provides the facility manager with different administrative tools that have ability to track, plan, report and manage facilities operations.

Computer-aided facility management system consists of various technologies and information sources such as CAD system, object-oriented database systems, building information models and interfaces to other systems.

CAFM systems are web-based and offer a variety of features that include facility related analysis and scheduling capabilities. CAFM systems combines and analyze complex data for improving the facilities management practices in various industries like healthcare, education, government, commercial.

Impact of COVID-19 Pandemic Outbreak on Computer-aided Facility Management (CAFM) Market

Due to COVID-19 lockdown, offices and workplace are temporarily shut down or working with low employee capacity, which is a unique opportunity for facility professionals to evaluate current space use, plan innovative designs, and improve workplace technology.

For this facility professionals can adopt computer-aided facility management software as it is valuable tool for space optimization and asset management. So the demand is increasing for computer-aided facility management software in the pandemic, among the IT industry.

The demand of computer-aided facility management software is also increasing in hospitals where patient caretakers or nurses get alerts automatically   when the vacant bed is available for new patients that eliminates the manual process and speeds up patient care which is important in hospitals that are treating COVID-19 patients.

As the number of COVID-19 patients has reached around 16 Mn, providing patient best facility is of utmost importance. Using computer-aided facility management software, cleaning staff are guided for cleaning of the surrounding or rooms and maintenance employees receive orders regarding work for preventative maintenance based on conditions.

Due to such benefits to various industries for facility management, the demand for CAFM software will increase in 2020.

Nikhil Kaitwade

Principal Consultant

Talk to Analyst

Find your sweet spots for generating winning opportunities in this market.

Talk to Analyst

Computer-aided Facility Management (CAFM) Market: - Market Dynamics

Increasing Demand of Computer-aided Facility Management Software is Driving the Market Growth

The demand is increasing for computer-aided facility management software among the organization as CAFM software helps to automate routine the processes and maintenance workflow. CAFM software help in prioritizing the task and assign the work according to the team members. This software is used for ensuring that equipment and assets are running efficiently.

Moreover, the CAFM software is used for analyzing the reports and dashboard that tracks space management cost, equipment downtime, maintenance cost and more. By analyzing these reports CAFM software allows to make data-driven insights regarding new equipment purchase, labor allocation, and space planning for improving the productivity and to reduce the cost. 

Rising Digitalization and Continuous Growth in IT Infrastructure

Businesses and organizations find themselves in an increasingly complex network world. As the trend of data continue to rise, businesses are transforming through automation and virtualization to optimize the cost and scale of experiences.

There is ongoing trend of using BYOD, and a variety of software for facility management, workplace analytics, strategic planning, space forecasting and more. Enterprises are shifting from desktop-centric to a multi-device anytime, anywhere workplace.

Furthermore, the changing IT consumption trends and increasing adoption of cloud computing solutions are expected to create growth opportunities for computer-aided facility management market. Apart from this, the increasing investment by government of various regions in transforming and digitalizing IT infrastructure is also supporting the growth of computer-aided facility management market.

Computer-aided Facility Management (CAFM) Market: - Key Players

The key players in the Computer-aided Facility Management (CAFM) are

• IBM Corporation
• Fortive
• IFS
• FasTrak
• MVP Plant
• FiiX
• UpKeep
• Service Channel 
• Dude Solutions

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain of the global Computer-aided Facility Management (CAFM) market.

The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with Computer-aided Facility Management (CAFM) market attractiveness as per segments. The report on Computer-aided Facility Management (CAFM) market also maps the qualitative impact of various factors on Computer-aided Facility Management (CAFM) market segments and geographies.

Become a MarketNgage Insider

An unified Market Research Subscription Platform, built for today’s disparate research needs.

Sign-Up

Computer-aided Facility Management (CAFM) Market Segmentation

By Type

• Cloud-based CAFM software
• On-premise CAFM software

By Application

• Industrial
• Manufacturing
• Retail
• Healthcare
• Education
• Government
• Others