As a result of the introduction of cutting-edge technologies in a variety of industries, there has been a significant increase in the demand for facilities services in the country. Market participants have amassed substantial profits by catering to the requirements of the population through their assortment of essential services. Opportunities Available in Facility Management Facilities Management Services in Qatar, Qatar, Qatar, and Qatar The completion of significant infrastructure projects, such as the construction of Doha Central Grand Park in 2011, the Museum of Islamic Art Park in 2012, and the expansion of The Pearl, led to the growth of the facilities management market between 2011 and 2013. This was due to the fact that these projects required both hard and soft services for the purposes of development. The Facilities Management market in Qatar saw a compound annual growth rate (CAGR) of percent throughout the same time, resulting in a growth from USD ^ million in 2011 to USD ^ million in 2013. The most important factor that has contributed to the expansion of facilities services in Qatar between the years 2011 and 2016 has been the growing proportion of hard services in the total market revenues. This is typically attributed to the growing demand for heating, ventilation, and air conditioning (HVAC) services. During the same time period, the facilities management market in Qatar saw a solid compound annual growth rate (CAGR) of percent, which resulted in the market reaching USD ~ million in 2016, up from USD ^ million in 2011. The Sheraton Park, Sidra Medical Research Centre, and Western Green Spine were all constructed in Doha between the years of 2014 and 2016, which resulted in an increase in the demand for facilities services providers in the country. These providers provided the developers with manpower and other technical resources. In 2016, Qatar was ranked among the top ten economies with the fastest expanding economies in the world as a result of the country’s rising gross domestic product (GDP). In response to this, multinational firms were encouraged to invest in a variety of industries throughout the country, which ultimately resulted in the expansion of the facilities management industry as a whole over the same time period. In the Qatar Facilities Management Market, which kind of facilities service generated the most amount of revenue? It is necessary for service providers to have both technical help and professional knowledge in order to deliver hard services. This area is responsible for providing fundamental services such as fire safety and security systems, which are essential for all industries in Qatar, technical operations and maintenance, electromechanical services, and Heating, Ventilation, and Air Conditioning (HVAC) services. Due to the fact that customers are required to pay substantial expenses in order to carry out hard services, this particular section of the market led the market with a percentage of revenues from facilities management services in the year 2016. One percent of the total market revenues in the country were contributed by soft services, which typically include cleaning, pest control, waste management, landscape access, archive management, and other housekeeping services. These soft services collectively contributed to the overall market revenues. As a result of the limited or nonexistent needs for highly qualified technicians, soft services are offered at a cheaper price than hard services. This results in a reduction in the amount of income that can be made by the various participants in the facilities management industry. Both G4S and SNC-Lavalin ProFac Gulf Management LLC are major firms that have a significant impact on the total market revenues in Qatar via the provision of soft services inside the country. Out of the Integrated, Single, and Bundled Services, which one has the most revenue share in the overall market? The integrated services sector of the facilities management market was responsible for the generation of the majority of the industry’s revenues. This sector consisted of market participants offering practically all sorts of facilities services to their customers. Due to the fact that the prices of collective services are greater than those of individual services or a combination of a few services, this particular sector led the entire market in 2016, accounting for a share of one percent of the total revenues. It was possible for the facilities management company to provide the customers with the most appropriate services by providing them with a bundle of either hard services or soft services. This allowed the company to keep the customers as customers and encourage them to choose other services in the future. During the year 2016, this particular category contributed a portion of ~ percent to the entire revenues of the establishment management market. The provision of single facilities service to clients had a negative impact on the revenue of the companies that generally operate within this category. As a result, single services acquired the smallest market share of ~ percent in the total revenues in the year 2016. Customers, on the other hand, favored single services offered by market participants who are qualified to provide a specific service, which resulted in an increase in the market’s revenues over the same time period. The Report’s Subjects That Are Discussed Opportunities Available in Facility Management Qatar, the market for facility management in Qatar, the industry of facility management in Qatar, and the industry size of the facility management market Gains in the Market in Qatar Management of the Environment The Middle East: Market for Facilities Management in Qatar, Industry Segment for Soft Services Hard Facility Management Market in Qatar, Hard Facility Management Competition in Qatar, and Facilities Management Trends in Facilities Management in Qatar, Qatar, Location: Qatar FM Market and the Government’s Role Management of Airport FM Services located in Qatar The Function of FM Services in Qatar Facility Management Services in Qatar, Qatar, Qatar, and Qatar The following link will take you to further reading material: https://www.kenresearch.com/manufacturing-and-construction/real-estate/qatar-facility-management-market/127108-97.html A Few Related Reports: The growing retail industry and upcoming infrastructure projects are expected to drive market growth in Kuwait with regard to facility management, according to the market outlook for 2021. India It is anticipated that the Facility Management Market would be driven by the rapid growth of commercial spaces and the advent of smart cities till the year 2020. Facilities Management Market Outlook for the United Arab Emirates to 2021: The Construction Industry Is Growing, and Mergers and Acquisitions Are Increasing, Both of Which Will Foster Future Growth Get in Touch With Us: Investigating Ken “Ankur Gupta, Head of Marketing and Communications” Email: Ankur@kenresearch.com Telephone: +91-9015378249 Related Articles: Opportunities in Facility Management Related Articles Qatar, the market for facility management in Qatar, the industry of facility management in Qatar, and the industry size of the facility management market Qatar, This article should be sent to a friend! Subscribe to have articles like as this one sent directly to your inbox! Get a free subscription right now!
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