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Canada Facility Management Markets Report 2021: Market Stood at $32.17 Billion in 2020 and is Forecast to Grow at a CAGR of Over 6.35% to 2026


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The Canadian Facility Management Market stood at USD32.17 billion in 2020 and is forecast to grow at a CAGR of over 6.35% until 2026.
Growth in the facility management market is driven by growing housing market, smart cities development and rapid infrastructure development in the country. Furthermore, booming Internet of Things (IoT) market, integration of facility management in building design and increasing demand for cyber and information security management is expected to positively influence the Canadian Facility Management Market in the coming years.
Based on services, the market is segmented into property, cleaning, security, catering, support and others. Cleaning services dominated the market in 2020 and is expected to maintain its market dominance during the forecast period, backed by growth in the country s industrial and commercial sectors. ....

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