PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: Frost & Sullivan

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Facility Owners Focus on Core Competencies and Look to Lower Costs Finds Frost & Sullivan - Facility owners' increasing willingness to outsource their facility management services to third-party vendors creates opportunity for participants in the North American integrated facilities management (I-FM) services market
Facility Owners Focus on Core Competencies and Look to Lower Costs Finds Frost & Sullivan

 

NewswireToday - /newswire/ - Mountain View, CA, United States, 2009/06/12 - Facility owners' increasing willingness to outsource their facility management services to third-party vendors creates opportunity for participants in the North American integrated facilities management (I-FM) services market.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Construction/Architecture/Infra Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Facility owners are under considerable pressure to lower their operating costs and concentrate on their core competencies in the current economic scenario.

The following are findings from the analysis:
• The market earned revenues of $22.79 billion in 2008 and estimates to reach $46.85 billion in 2015.

• Companies are realizing that outsourcing non-core functions is a better financial strategy that not only gains cost advantages, but creates better efficiency and a more competitive company.

• Owing to quality concerns and their desire to maintain control over all aspects of their business, some facility owners are unwilling to relinquish control over their facilities management services to third-party service vendors. This is impeding market penetration of service providers.

• To enhance their appeal, service providers must promote their ability to save companies 15 to 20 percent in operating and occupancy costs.

• I-FM service providers are undergoing structural changes to stay afloat in a rapidly evolving market. Globalization is compelling multinational companies to conduct business with a single service provider that offers multiple services at various locations instead of hiring multiple local providers.

From Frost & Sullivan Research Analyst Alejandra Lozano: "The lack of understanding about the benefits of outsourcing has contributed to facility owners' reluctance, slowing the rate of adoption of I-FM services."

"Organizations are now more likely to extend contracts to a single, reliable service provider rather than relying on different vendors to perform I-FM services," states Lazano "The advantages of a single-source service provider include providing consistent service and quality, better responsiveness, consistent pricing and billing, centralized control, and the greater accountability that comes with consolidating a number of services into a single contract."

About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best in class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best practice models to drive the generation, evaluation and implementation of powerful growth strategies. Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 35 offices on six continents.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Construction/Architecture/Infra Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Frost & Sullivan

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Construction/Architecture/Infra articles,
CATCH Visitors via Your Competitors Announcements!


Facility Owners Focus on Core Competencies and Look to Lower Costs Finds Frost & Sullivan

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

Frost & Sullivan |
Publisher Contact: Johanna Haynes 
210.247.3870 johanna.haynes[.]frost.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Frost & Sullivan securities in any jurisdiction including any other companies listed or named in this release.

Construction/Architecture/Infra via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Frost & Sullivan / Company Profile


Read Construction/Architecture/Infra Most Recent Related Newswires:

McCarthy Completes Construction of New 52 MWAC Solar Facility
Eurovia Awarded Motorway Contract in Slovakia
CIMIC's Thiess Wins Mount Pleasant Mining Services Contract
VINCI Highways Completes the Financial Arrangements for the A7 Motorway Public-private Partnership (A-Modell*) in Germany
CIMIC Group Companies Awarded NZ Schools PPP Project
Two Large VINCI Concessions Motorway Projects Open to Traffic in Greece
CIMIC's Leighton Asia Wins A$70.4m Ikea Outlet in India
HOCHTIEF Consortium Inaugurates Highway Route in Greece
CIMIC's Leighton Asia Wins A$278m Hong Kong Airport Expansion
CIMIC's CPB Contractors Preferred for Multi-billion Dollar West Gate Tunnel Project
PCL Construction Lands Baggage Handling System Project at Sea-Tac Airport
HOCHTIEF Completes World War II Museum in Gdańsk
CIMIC's UGL Awarded Woodleigh Waterworks Upgrade Project, Singapore
VINCI Airports Wins the Concession for Salvador’s Airport in Brazil
Energetics Supports an Expansion of the Electric Vehicle Market in New York State

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  JobsWare.com

Visit  MagLar, Inc.





 
  ©2017 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)