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Home > Computers and Information Technology > IT Administration & Services > Outsourcing
Integrated Facilities Management (IFM) Services Market in Malaysia
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| Published Date:
May 2007
Published By:
Frost & Sullivan
Page Count:
120
Order Code:
R1-5816
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This Frost & Sullivan research service titled Integrated Facilities Management Service Market provides a market forecast of the industry and major participants attending to the business. In this study, Frost & Sullivan's expert analysts thoroughly examine the following end-use sectors: education, healthcare, government, and commercial.
Government Outsourcing Boosts Demand for IFM Services
Third party integrated facilities management (IFM) service market is growing steadily in Malaysia. Thin margins and competitive services are being offered by major participants within the country to beat all outsourcing taboos. "Refusing to jump on the third party IFM bandwagon will result in inflated expenditures on non-core activities within any establishment," according to the analyst. "Facts, figures and potential markets within the industry are vital for companies to capitalize on in Malaysia."
The Government is having a notable impact on the IFM industry in Malaysia. Its outsourcing practices are allowing potential revenues for local bumiputra participants within the country. The value contributed by domestic participants is another issue that needs to be dealt with, as the tendering processes focus more on the participant rather than their contribution. Nonetheless, there are benefits to the industry within Malaysia; the Government is expected to tender out more contracts particularly within the Ministry of Education and its universities.
Corporate Restructuring Likely to Benefit Local and International IFM Participants
Malaysia is the second fastest growing economy in the Southeast Asian region, with an average gross national product (GNP) growth of greater than 8 percent per year in the last seven years. Since obtaining its independence in 1957, Malaysia has moved from an agriculture-based economy to a more diversified and export-oriented one. In turn, Malaysia is receiving a myriad of foreign direct investments and enjoying globalization as more Fortune 500 companies operate from the country.
The need to restructure businesses as a result of company inefficiency has become a major driver for the IFM services market. As corporations are restructuring, they are trying to concentrate on areas of their core competencies, which are a source of revenues for them, rather than manage services, that do not effectively generate revenues for them, but dilute their efforts. "Typically, it has been observed that high technology corporations involved in semiconductor manufacturing, pharmaceuticals, information technology, and financial services are moving in the direction of outsourcing their facilities to IFM service providers," explains the analyst. "This move is helping them to free manpower resources for redeployment in revenue generation activities."
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