The Future of Facilities Management Software: Trends & Market Outlook

The Future of Facilities Management Software- Trends & Market Outlook
According to a report published by researchandmarkets.com, the global facility management market is expected to grow to $59.3 billion by the year 2023. Influenced by changing facility management trends and a Compound Annual Growth Rate (CAGR) of 11.4%, it will be one of the fastest growing industries in the world.

The Future of Facility Management

Whether it is Robotics, Artificial Intelligence (AI) or Analytic support, technology has its own benefits to offer to every business industry. Every single day, there is a new addition to technology, that further simplifies business operations, optimizes resources and ensures enhanced productivity. The same goes with facility management as well. The future of facility management software cannot be imagined without technology. Several facility management software trends are going to transform the industry like never before, all together enhancing our facility management practices.

Enhanced User Experience

The future facility management trends will emphasize more on personalized user experience for the facility managers. Enhanced user experience with the software will ensure a smoother and productive workflow for all the facility management initiatives.

Data Integration

Future-ready business enterprises will ditch the traditional approach towards facility management, which requires too much of documentation and manpower involvement at every facility location. All data will be integrated with a secured central server, after which it can be accessed across several geographical locations at once.

Flexible & Secured Collaboration

A flexible and secured collaborative platform will allow business organizations to accommodate a growing workforce in its facility and simplify space allotment, change or transfer across different geographical locations with ease.

Smarter Working

Technology is getting smarter every day. And with this, the use of smart computing devices and the Internet of Things (IoT) will continue to grow. The facility management software trends will get smarter and allow the managers to ensure a productive, energy-efficient and comfortable workplace for a supportive employee experience.

Data-Driven Decision Making

Facility management software connected with smart technologies will allow business organizations to bring-in perfection in their decision-making processes. The decisions will be more refined as they’ll pass through in-depth analytic data that matters to the business workflow management.

Artificial Intelligence & Robots

The use of Artificial Intelligence (AI) and robots will have a major impact on facility management trends in the future. Starting from business automation, increased employee efficiency, reduced safety risks to data collection, these technologies have multiple advantages to offer.
Space and Workplace Management Software
QuickFMS is a cloud-based facility management software that leverages the latest technology to simplify your facility management practices. It integrates with your existing ERP, HR or CRM system, empowering facility managers to take quick facility management and allocation decisions. To know how QuickFMS can help your facility, schedule your free and personalized demo with us.

Related Read:

Role of Facility Management Software in Your Business 6 Features of Facility Management Software to Ease a Manager’s Task
Amit Prasad

Amit Prasad is the founder and managing director of SatNav Technologies and has business interests in a wide range of IT products. SatNav Technologies is an IT products company focusing on cloud based map data products and a pioneer in GPS, FMS & LBS Technologies. The product suite includes SatTracx in-the-field location based solutions and A-mantra in-the-office facilities management solutions. QuickFMS from a-mantra is a cloud based facility management system which enhances organization’s efficiency.

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