2009 IWMS Market Perspective and Outlook
Looking ahead to 2009, as the corporate real estate and facilities management function converges towards a new and exciting era of workplace management, the integrated workplace management system (IWMS) market continues to experience significant and decisive growth. In a recent survey, nearly 71% of corporations report that the real estate and facilities management function has grown in stature and importance within the C-Suite. This is a marked and dramatic improvement since 2005.
George Bouri, Principal and leader of Deloitte Consulting's Capital and Real Estate Transformation practice acknowledges that, "explanations for this shift are irrevocably tied to the enormous financial value embedded in their real estate portfolio as well as the growing imperatives of re-aligning the workplace, managing enterprise performance and deploying enterprise sustainability practices". The implications of this increased emphasis on real estate and facilities management has spawned substantial growth in the IWMS market, averaging 10-15% in total revenue growth per year over the last five years. Over the next 5 years, double digit growth is expected to continue.
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