According to SPER Market Research, the Oman Facility Management Market is estimated to reach USD XX billion by 2032 with a CAGR of XX%. The market for facility management in Oman is predicted to grow rapidly during the forecast period. Oman is working to diversify its economy because it is largely dependent on its fishing and trading industry and oil-based economy. Populations and civilizations that value knowledge advance the nation’s vision for the future. The nation seeks to join the developed nations of the globe through industrial expansion. There are various services provided by facility management that people or organizations can use on a regular basis, including HVAC services, cleaning, maintenance, safety, logistics, and fire safety. Several industries, including residential, commercial, and industrial building management, use FM services. Both the public and private sectors use FM services because they are universally desired, in high demand, and appropriate for maximizing facility lifetime value.
Oman Facility Management Market Overview (2022-2032)
- Forecast CAGR (2022-2032): XX%
- Forecast Market Size (2032): XX billion
Throughout the course of the projection period, the Oman facility management market is anticipated to expand. A vast range of products and services that are part of facility management affect how productive and efficient businesses are. The new management system creates a standard for spreading Oman’s excellent facility management principles. The industry offers plenty of prospect thanks to the adoption of integrated facilities management (IFM) by Oman FM vendors. Offering integrated facilities management has allowed the end-users to pay less for routine operations because there is so much demand on firms to run as efficiently as possible and take care of their cash flows. In order to reduce costs, organizations chose the strategic strategy of combining more tasks under a single integrated framework.
Impact of COVID-19 on the Oman Facility Management Market
The COVID-19 pandemic has an effect on many different businesses, including the Oman Facility Management Market. The pandemic has changed the need for facility management services as well as how buildings are managed and maintained. The pandemic’s most significant effects on the facility management sector include the rise in demand for cleaning and sanitation services. The spread of the virus has raised awareness of the significance of keeping facilities clean and hygienic. Because of this rise in demand, facility management firms have had to modify their offerings, like employing more frequent cleaning and disinfection procedures.
On the other hand, some facilities management services have seen a decline in demand as a result of the pandemic. For instance, the utilisation of commercial office premises has decreased as a result of the adoption of remote work and social isolation strategies, which has decreased demand for services like maintenance and repair.
The epidemic has also disrupted workforce and supply networks, which has caused delays in facility management projects and services. This has made it difficult for service providers to satisfy the expectations of their customers and uphold service standards.
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Oman Facility Management Market Key Segments Covered
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2030. This report contains statistics on product type segment growth estimates and forecasts.
By Offering Type:
- Hard Services
- Soft Services
By Type of Service:
- Inhouse Facility Management
- Outsourced Facility Management
By End User:
- Public Sector
- Real Estate
- Al Wusta
- Rest of Oman
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
Oman Facility Management Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; AI Naba Services, Bahwan Engineering, Como Facility Management Service, EFS Trading, General Electric and Trading Company, Kalhat Group, Oman International Group, Osco Oman, Qurum Business Group, Renaissance Contract Services Group.
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