Singapore Facility Management Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Singapore Facility Management Market Industry Overview

The Singaporean facility management market is semi-consolidated with the presence of diverse firms of different sizes. This market is anticipated to encounter a number of partnerships, mergers, and acquisitions as organizations continue to invest strategically in offsetting the present slowdowns that they are experiencing. Clients in this region are employing FM services to increase the ease of their business operations. The market comprises key solutions and service providers, such as CPG Facilities Management, UNITED TECH ENGINEERING Pte Ltd, Surbana Jurong Group, Propell Integrated Pte Ltd, and Frisco Technology & Services Pte Ltd.

• January 2024: Service Channel introduced a fresh component to its asset management software, introducing additional advancements for experts in the facilities management sector. The latest asset tagging and management technologies expand the service automation suite, propelling the evolution of the multi-billion dollar facilities and contractor management market toward a more contemporary, data-centric, and automated methodology.
• May 2023: Willowmore Pte Ltd and CBM Pte Ltd collaborated to develop a smart integrated facilities management platform to revolutionize the facility management industry. This new platform integrates 5G, IoT, digital twin, data analytics, RPA, and AI technologies with robots and automation to create a first-ever integrated approach to the complex business of facility and infrastructure management.