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As the country prepares to host the event, new stadiums, hotels and other tourist facilities are being built to prepare for the influx of visitors. These facilities will need to be maintained and managed during and after the tournament, thereby creating opportunities for FM companies.
New analysis from Frost & Sullivan (buildingtechnologies.frost.com), Facilities Management in South Africa, reveals that the market earned $1.32 billion in revenues in 2007 and estimates this to more than double by 2014 to reach $2.59 billion.
“Cost reduction and efficiency are motivating businesses to outsource the management of their facilities,” notes Frost & Sullivan Research Analyst Sostina Shiri. “FM companies are offering to align their services with corporate objectives and are working closely with their clients to provide additional value to business enterprises and public institutions.”
However, the perception that FM is an unnecessary additional cost is hindering the growth of the industry in South Africa, as many businesses still prefer to keep the management of their facilities in-house.
“A few larger companies still prefer to retain the management of their facilities,” explains Shiri. “To demonstrate their value, FM participants have to pay considerable attention to what customers are asking for and actively demonstrate understanding and a willingness to evolve to meet customer needs.”
If you are interested in a virtual brochure, which provides suppliers, end users and other industry participants in the FM market in South Africa, then send an email to Patrick Cairns, Corporate Communications, at patrick.cairns[.]frost.com, with your full name, company name, title, telephone number, company email address, company website, city, state and country. Upon receipt of the above information, an overview will be sent to you by email.
Facilities Management in South Africa is part of the Building Management Technologies Growth Partnership Service Programme, which also includes research on South Africa's Green Building Market. All research included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants. Interviews with the press are available.
Frost & Sullivan, the Growth Partnership Company, partners with clients to accelerate their growth. The company's TEAM Research, Growth Consulting and Growth Team Membership™ empower clients to create a growth-focused culture that generates, evaluates and implements effective growth strategies. Frost & Sullivan employs over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 30 offices on six continents.
Facilities Management in South Africa
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