Market Trends of Malta Facility Management Industry
This section covers the major market trends shaping the Malta Facility Management Market according to our research experts:
In House Facility Management to Witness Higher Growth Rate
- Facility management comprises a wide range of services, including real estate, human resource management, financial management, change management, health and safety, contract management, and more, in addition to domestic services, building management, and energy delivery. Depending on the priority of an organization's services or activities, these wide facilities management operations might be offered or handled in-house or through outsourcing. Most firms rely only on cost concerns when picking between in-house and outsourced solutions. Other factors may finally show that in-house alternatives are more effective.
- With the in-house management control process, an organization can easily manage its team and control processes, Work Continuity, Motivation, Social Capital, High Costs, Reduced Job Pool, and Delays in Process Flows.
- Processing and overlap are unavoidable when numerous providers operate on various aspects of the organization. Costs are also a major concern, as many teams waste time and money on activities that do not correspond with the company's long-term objectives. Because there is more visibility with IFM, inefficiencies and unnecessary costs become easier to spot.
- The in-house team's structure will be determined by the company's key business operations and services, the number of sites, the kind of business, and their locations. The team may need to be organized to meet the company's needs, with a representative to communicate with key departmental representatives in all areas of FM.
- The possibility of having an in-house FM team is often overlooked because senior management and the FM department focus on looking for solutions and services from outside sources. The prices of any alternative FM strategy model can be compared against the in-house option of directly engaged employees across the whole service supply. For security, commercial, or pastoral reasons, it is preferable to retain the FM team in-house in some enterprises.
Understand The Key Trends Shaping This Market
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Commercial Industry is Expected to Hold Significant Market Share
- New investments have been made in the country's commercial building industry, propelling the facility management market. Several investment firms have hired real estate management businesses to oversee their real estate holdings.
- The Internet of Things (IoT), Artificial Intelligence (AI), and Big Data are new technology frontiers for successfully managing production, operations, and design of facility management services. Companies are adopting new technology in the industry to provide facility management solutions.
- Investment businesses in Malta usually specialize in either residential or commercial real estate. Commercial buildings provide profitable prospects, representing larger cash flow potential and frequently delivering superior returns on investment, making them an appealing type of investment in the country, increasing the Facility Management Market's growth over the projection period.
- For Instance, in March 2022, Sodexo, present in Malta, and Sensori announced a new Facility Management alliance. Sodexo's expertise in workplace transformation combined with Sensory FMark Cullen MD Sensori and David Fox MD Sodexo's expertise in digital intelligent building solutions will appeal to companies seeking that single point of contact in the design and creation of more flexible, higher performing, and sustainable workplaces.
- According to Eurostat, in Malta, the revenue of specialized construction activities is approximately USD 273.93 million, and the construction of buildings will amount to approximately USD 365.20 million in 2025.
