Reaction time
How FM players must respond to new technologies and new competitors
Monday 17 October 2016Report
The Global FM market has entered a period of significant change
- Savvier, more aggressive buyers are fuelling a healthy M&A landscape
- New entrants are making significant moves, with CBRE’s £1.1bn acquisition of Johnson Control’s Global Workplace Solutions just one of over 40 acquisitions in 2015 alone
- New technologies like the Internet of Things have the potential to disrupt whole swathes of the industry
Digital technology in particular presents incumbent FM providers with both challenges and opportunities
- Challenge: Digitally-led new entrants will challenge long-standing business models that rely on an increasingly outdated approach to service delivery
- Opportunity: Longer-lasting, more lucrative, well defended client relationships for those that embrace the goldmine of today’s data-rich FM contract
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