TECH SUPPLIER Oct 2021 - Market Perspective - Doc # US48242821
Battle for Maintenance and Facility Management Dominance: An Analysis of M&A Activity
This IDC Market Perspective breaks down recent activity and looks at the future of the maintenance and facility management software market. The broader enterprise asset management software market has experienced a torrent of recent M&A and funding activity. IDC analyzed 20 representative acquisitions from March 2020 to September 2021 within asset-intensive enterprise asset management (EAM), computerized maintenance management systems (CMMS), integrated workplace management systems (IWMS), facility management, space planning, and corporate real estate applications.
"In the near term, market consolidation combined with a surge in private equity investment will lead to a smaller set of well-funded players competing for market share and greenfield opportunities," said Juliana Beauvais, research manager, Enterprise Asset Management and Smart Facilities at IDC. "The next three years are critical because organizations will be selecting software and technology partners for long-term asset maintenance, workplace management, and smart facilities digital transformation."
iLobby, Nuvolo Technologies Corp., Honeywell International Inc., FM:Systems Group LLC, IFS AB, ServiceNow, Inc., SpaceIQ LLC, Hexagon AB, Fiix Inc., ILOBBY CORP., Planon Group, iOFFICE Inc., Infor Inc., Clockwork Solutions LLC, MRI Software LLC, Fortive Corp., Condeco N.V., Rockwell Automation, Inc., Plex Systems, Inc.
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