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Middle East FM market forecast published

14 November 2016

An overview of the Middle East and Africa (MEA) FM sector performance up to 2020 has been published by Research and Markets.

One of the headline figures to emerge from the report is the prediction of a compound annual growth rate (CAGR) of 10.8% over the course of the next few years up to 2020.

It also includes information on the market landscape and more detailed growth prospects expected in the period covered by the report.

Calculations on the size of the market include consideration of the revenue generated from sales of FM services in the area.

It also considers the "constantly evolving" role of technology within FM service delivery and advises vendors to "harness the power of cutting-edge technologies" to deliver effective services to end users.

It describes some of the "smart" systems boosting the level of services as including security surveillance, energy saving, building management and advanced robotic systems.

The report also outlines the construction of "mega-scale" infrastructure projects during the forecast period that will drive demand for FM services following their completion.

Additional topics covered include the shortage of professionals with experience in niche areas, driving the need to control staff attrition - particularly high in the soft services sector - creating challenges for vendors in recruiting and retaining both skilled and unskilled labour.

The Facility Management Services Market in Middle East 2016-2020 also includes an overview of key vendors in the region.

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