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According to the MarkNtel Advisors’ research report titled “Senegal Facility Management Services Market Analysis, 2020”, the Facility Management market is anticipated to grow at a CAGR of 4% during 2020-25. The hard facility management services acquired the highest market share in the Senegal Facility Management market in 2019 due to the hot and humid weather conditions in the country. However, the demand for soft services such as cleaning, catering, pest control is anticipated to surge in the forthcoming period on an account of the increasing projects for the construction of hotels, corporate offices, hospitals, etc.
Moreover, the in-house services captured the highest market share in the Senegal Facility Management market in 2019. However, the demand for outsourced services is expected to outpace the in-house facility management services due to the increasing focus of the businesses on their core activities.
The single and bundled facility management services captured a substantial share in the Senegal Facility Management market in 2019. However, increasing foreign investments in the country are the major growth driver for the integrated facility management service providers.
According to MarkNtel Advisors, the major players who have captured a considerable market share in the Senegal Facility Management market include Tsebo, Solmed, Excellerate, G4S Security, etc.
Key Questions Answered in the Market Research Report
Market Outlook, Segmentation and Statistics
Frequently Asked Questions
Q. What would be the growth rate or CAGR of Senegal facility management market during 2020-25?
A. The market size of Senegal facility management market during 2020-25 is forecast to be around 4%.
Q. Which type of facility management services would grab the highest market share during 2020-25?
A. It is forecast that hard facility management services will dominate the market with majority market share, with market size registering considerably higher CAGR due to the hot and humid weather conditions in the country.
Q. Who are the key competitors or players operating in Senegal facility management market?
A. Tsebo, Solmed, Excellerate, G4S Security are few of the leading players in the Senegal facility management market.
Q. Does the report scope cover facility management type wise market statistics also?
A. Yes, the scope of the report encompass detailed facility management type wise statistics such as market size, market segmentation based on various subcategories.
Q. Which operational model would emerge as an opportunity area for players in facility management?
A.The In-house services captured the highest market share in the Senegal facility management market.
