Automotive voice recognition system market size , share & forecast 2024

PUBLISHED : APRIL 2019

2014 – 2024 SAUDI ARABIA FACILITY BYMANAGEMENT SERVICE, BY END USER,

BY REGION, MARKET COMPETITION, FORECAST & OPPORTUNITIES

MARKET

INTELLIGENCE

.

CONSULTING

www.techsciresearch.com

Table of Contents S. No.

Contents

1.

Product Overview

2.

Research Methodology

3.

Executive Summary

4.

Voice of Customer

5.

Saudi Arabia Facility Management Market Outlook 5.1.

Industry Structure & Stakeholders

5.2.

Market Size & Forecast 5.2.1.

5.3.

5.4.

6.

By Value

Market Share & Forecast 5.3.1.

By Service (Property, Cleaning, Security, Support, Catering & Others)

5.3.2.

By End User (Commercial, Residential & Industrial)

5.3.3.

By Region (Makkah, Riyadh, Eastern Province & Rest of Saudi Arabia)

5.3.4.

By Company

Saudi Arabia Facility Management Market Attractiveness Index 5.4.1.

By Service

5.4.2.

By End User

5.4.3.

By Region

Saudi Arabia Property Facility Management Service Market Outlook 6.1.

Market Size & Forecast 6.1.1.

6.2.

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Page No.

By Value

Market Share & Forecast 6.2.1.

By End User

6.2.2.

By Region

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Table of Contents S. No. 7.

Contents Saudi Arabia Cleaning Facility Management Service Market Outlook 7.1.

Market Size & Forecast 7.1.1.

7.2.

8.

Market Share & Forecast 7.2.1.

By End User

7.2.2.

By Region

Market Size & Forecast 8.1.1.

8.2.

Market Share & Forecast 8.2.1.

By End User

8.2.2.

By Region

Market Size & Forecast 9.1.1.

9.2.

By Value

Market Share & Forecast 9.2.1.

By End User

9.2.2.

By Region

Saudi Arabia Catering Facility Management Service Market Outlook 10.1.

Market Size & Forecast 10.1.1.

10.2. Š TechSci Research

By Value

Saudi Arabia Support Facility Management Service Market Outlook 9.1.

10.

By Value

Saudi Arabia Security Facility Management Service Market Outlook 8.1.

9.

Page No.

By Value

Market Share & Forecast

3

Table of Contents S. No.

11.

Contents

13.

By End User

10.2.2.

By Region

Price Point Analysis 11.1.

12.

10.2.1.

Cost of Spending in Saudi Arabia 11.1.1.

Plumbing

11.1.2.

Painting

11.1.3.

AC Service

11.1.4.

Electrical Service

11.1.5.

Pest Control

11.1.6.

Masonry Service

Market Dynamics 12.1.

Drivers

12.2.

Challenges

Market Trends & Developments 13.1.

Growing Focus on Sustainability

13.2.

Technology Integration

13.3.

Integration of Facility Management in Building Design

13.4

Increasing Focus on Outsourcing

13.4.

Booming Internet of Things (IoT) Market

14.

Policy & Regulatory Landscape

15.

Saudi Arabia Economic Profile

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Page No.

4

Table of Contents S. No. 16.

Contents Competitive Landscape 16.2.

Company Profiles 16.2.1.

Saudi EMCOR Company Ltd (EFS Facility Management)

16.2.2.

Khidmah LLC

16.2.3.

Interserve

16.2.4.

Enova Facilities Management Services LLC

16.2.5.

Saudi Oger Ltd.

16.2.6.

Rezayat Facilities Management

16.2.7.

Musanadah Facilities Management Co. Ltd.

16.2.8.

Nesma Trading Co. Ltd.

16.2.9.

Advanced Facilities Management

16.2.10.

Petrojana Facilities Management

17.

Strategic Recommendations

18.

About Us & Disclaimer

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Product Overview

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The term “Facility” is defined as any tangible asset of an organization that supports its operation. Facility management is the practice of maintenance of organization’s physical assets such as building and equipment through services such as Mechanical, Electrical & Plumbing (MEP) maintenance, cleaning, security, etc., which support and improve effectiveness of the primary activities of that organization.

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According to the International Facility Management Association (IFMA), “Facility Management (FM) is a profession that encompasses multiple disciplines to ensure functionality of the built environment by integrating people, place, process and technology”. In brief, facility management is a discipline focused upon supporting the core activities of any company.

•

Facility management primarily includes services such as property, cleaning, security, catering, and support. These services are essential for the effective operation of any business, as they ensure its smooth functioning, thereby enabling the business to focus on its core operations. At the corporate level, facility management services contribute to the delivery of strategic and operational objectives. An effective facility management provides a safe and effective working environment for employees that is essential for their performance.

Global facility management market is fragmented and comprises a mix of in-house departments, specialist contractors, companies, etc. Most Organizations prefer to outsource their facility management requirements from specialized service provider companies, which offer cost-effective and specialized solutions. Facility management cost represents only 5% of a facility’s lifecycle cost, and it may provide up to 50% increment in the facility’s lifespan along with 50% operational cost

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savings.

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Product Overview

Facility Facility Management Management

Services

Property

End User

Commercial

Region

Makkah

Cleaning Security Support

Riyadh Industrial Eastern Province

Catering Residential

Rest of Saudi Arabia Š TechSci Research

*Others

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Research Methodology

In-depth secondary research was conducted to determine top players in Saudi Arabia facility management market, overall market size and segmental market size.

Formulating Questionnaire

In order to conduct industry experts’ interviews, TechSci formulated a detailed discussion guide.

Developing List of Respondents

List of industry players and industry specialists was developed.

Data Collection

TechSci conducted interviews with industry experts and industry players for data collection and verification.

Primary Research  Identifying Key Opinion Leaders  Questionnaire Design  In-depth Interviews

Primary Research Research Primary

Data Collection

Data Filter & Analysis

Research & Intelligence

Actionable Insights

Business Solution

LinkedIn  LinkedIn TechSci Internal Internal  TechSci Database Database

Data Validation Data obtained as a result of primary and secondary research was validated through rigorous triangulation.

Desk Research  Recent Developments  Market Changing Aspects/Dynamics  Government Policies  Final Conclusion

Secondary Secondary Research Research CompanyWebsites Websites  Company CompanyAnnual Annual  Company Reports Reports White Paper Paper Study Study  White Financial Reports Reports  Financial Investor  Investor Presentations Presentations Regulatory Body Body  Regulatory Associations, etc. etc.  Associations,

Data Analysis

The data was scrutinized using MS-Excel, statistical tools and internal proprietary database to obtain qualitative and quantitative insights about Saudi Arabia facility management market.

Company Analysis  Market Participants  Key Strengths

Paid Sources Sources Paid Factiva  Factiva Hoovers  Hoovers © TechSci Research

Market Profiling

8

Research Methodology Baseline Methodology

Our dedicated team of industry experts has monitored and analyzed various aspects of Saudi Arabia facility management market.

The team has analyzed the outlook of various segments of this market, while considering the major influencing factors and speculated a robust growth during the forecast period. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in Saudi Arabia facility management market.

Methodology Followed for Calculation of Market Size:

Market Size by Value: Market size, in terms of value, for the year 2018 was calculated based on information collected through exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders, such as facility management service providers, industry experts, etc.

The team interviewed more than 20 companies, 50 industry experts and other value chain stakeholders in Saudi Arabia facility management market to obtain the overall market size during 2014-2018, which was validated by the Delphi technique. Taking

Š TechSci Research

standard deviation into consideration, the market size was averaged out, to arrive at the market size data for 2014-2018.

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Research Methodology Respondents were asked about the current and future market growth rates, as well as market shares by service, by end user, by region and by company. Removing the outlier responses, the geometric mean of growth estimates and provider wise revenue shares generated across various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various segments were further triangulated from other stakeholders depending upon the component.

Methodology Followed for Calculation of Market Shares:

Market shares by service, by end user, by region and by company were calculated based on the responses received through primary surveys with industry experts, in which the respondents were asked about the market shares of the leading facility management service providers. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers. Moreover, respondents were asked about the leading companies in Saudi Arabia facility management market.

Methodology Followed for Forecasting:

Š TechSci Research

TechSci Research performed periodical checks on data collected through the surveys with logical checks and analyzed the survey results in SPSS/Tableau Software.

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Research Methodology

Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast Saudi Arabia facility management market, TechSci Research used various forecast techniques such as: o

Moving Average

o

Time Series Analysis

o

Regression Analysis

o

Econometric and Judgmental Analysis

TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions.

TechSci Research also used the impact analysis during short, medium and long term period to estimate and analyze market demand scenario.

Partial List Secondary Sources

Interserve PLC, Petrojana Facilities Management, Khidmah LLC, Saudi Oger Ltd.

MEED Projects, Middle East Facilities Management Association, Company Websites, Ministry of Economy & Planning, Press Releases, General Authority for Statistics, Saudi Arabia

Š TechSci Research

Partial List of Companies Interviewed

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INDUSTRY BRIEF According to TechSci Research report, “Saudi Arabia Facility Management Market By Service, By End User, Competition, Forecast & Opportunities, 2024”, the facility management market in Saudi Arabia is projected to grow at a CAGR of around 12% during 2019-2024. The growth is anticipated to be driven by rapid consolidation of companies operating in the facility management market due to influx of international suppliers and rising investments towards large-scale projects in the infrastructure sector. Total spending in Saudi Arabia construction sector registered a growth rate of 10% during 2014-2018, which is expected to grow further in the coming years, thereby driving demand in the facility management market during the forecast period.

Makkah province is anticipated to dominate demand for facility management services in the country. The province is the most popular region among both travelers and pilgrims visiting Saudi Arabia as it houses two holy mosques, which are the holiest place for the Muslim community. Thus, the province registers one of the highest number of visitors in the country. Also, it boasts majority of establishments in the hospitality industry in Saudi Arabia. As of 2018, a total of 1,547 hotels are operating and over 15,700 buildings are under construction in the province. With the completion of these buildings, demand for facility management services is expected to surge in the province.

“Development activities in the real estate sector directly influence the demand for facility management services. Under its Saudi Vision 2030, Saudi Arabia government has planned to develop housing units to cover around 50% of its citizens by 2020, increasing from nearly 30% in 2015. This development would certainly increase the need for MEP and HVAC services in the country. Further, development of infrastructure projects such as

© TechSci Research

expansion of Makkah Haram, Haramain railway, and various universities, hospitals, etc., is expected to propel the demand for facility management services through 2024.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

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SAMPLE DATA - SNAPSHOT Saudi Arabia Facility Management Market Size, By Value, 2014-2024F (USD Million) CAGR (2019E-2024F)

By Value: xx%

CAGR (2014-2018)

By Value: xx%

2014

2015

2016

2017

2018

2019E

2020F

2021F

2022F

2023F

2024F

Saudi Arabia Catering Facility Management Service Market Share, By End User, By Value, 2018 & 2024F

Industrial; 33.33%

Industrial; 33.33%

Residential ; 33.33%

Commerci al; 33.33%

Residential; 33.33%

Commercial; 33.33%

16.00% 14.00% 12.00% 10.00% 8.00% 6.00% 4.00% 2.00% 0.00% 0.50

Rest of Saudi Arabia 1.00

1.50

Eastern Province

2.00

2.50

Š TechSci Research

Saudi Arabia Facility Management Market Attractiveness Index, By Region, By Value, 2019E-2024F

Riyadh

3.00

3.50

4.00

4.50 Makkah

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Report Name: SAUDI ARABIA FACILITY MANAGEMENT MARKET

BY SERVICE, BY END USER, BY REGION, COMPETITION, FORECAST & OPPORTUNITIES 2014 – 2024

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About Us & Disclaimer

TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in a number of areas to organizations. The

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company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the market.

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The contents of this report are based on information generally available to the public from sources believed to be reliable.

No representation is made that it is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and first hand.

However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.

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