The Integrated Facilities Management Service Market in Malaysia and Singapore is witnessing stable growth rates. The growth is exacerbated by the raise in outsourcing practices for non-core activities like housekeeping and engineering works within business practices in both countries. The increase in outsourcing for such services also relates closely to entities focusing their manpower and attention to their core practice and thin operating margins. Escalating labor issues also intensify demand for soft services under the facilities management umbrella in Malaysia and Singapore.
This briefing covers an overview of Integrated Facilities Management Service Market in both Malaysia and Singapore. Special focus will be given to industry challenges, key market drivers and restraints, technology trends, and opportunity for growth within both markets. Highlights of the briefing include insights into emerging trends, and analyst forward projections for this market. We will also provide an update of related and upcoming research and provide an opportunity for a question and answer session with the analyst.
This briefing scope will cover the areas of property management, asset management, property development, real estate development, real estate investment, business development, building management and strategic planning. The briefing will also benefit facilities management players, companies participating in building technology and controls, climate control businesses, IT companies focusing on facilities management software and IT implementation, companies involved in environmental and landscaping works, janitorial/ security activities, mechanical and electrical maintenance, power and control specialists, access control specialists, locks specialists, fire and safety security specialists, magazines looking into property development and real estate companies.
Terrence Duncan, Research Analyst with the Asia Pacific Environment & Building Technologies Practice contends that, "The next best market will always remain the corporate segment." His remarks are based on the study which exemplifies the growing demand of the market is only satisfied to about 30% or less in both Singapore and Malaysia.
"Third party penetration still remains weak from internal bureaucracies of in-house facilities managers," notes the analyst. In addition to that, "Low awareness levels from building owners and top management is also hindering the full benefits of third party facilities management outsourcing."
Join us as Terrence shares his insights on the Integrated Facilities Management Service Market in Malaysia and Singapore. Those interested in registering for the interactive webinar should send an email to Corporate Communications - Donna Jeremiah at djeremiah[.]frost.com or Famela Jaafar at famela[.]frost.com with the following information: full name, company name, title, telephone number, email address, city, state and country. The registration details will be emailed to you upon receipt of the above information.
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