DUBLIN–(BUSINESS WIRE)–The “Global Janitorial Services Market By End Use (Standard Cleaning, Floor Maintenance Services, Damage Restoration Cleaning, Exterior Window Cleaning, and Other End Use), By Application (Commercial and Residential), By Regional Outlook, Industry Analysis Report and Forecast, 2021 – 2027” report has been added to from ResearchAndMarkets.com offer.

The global concierge services market size is expected to reach USD 320 billion by 2027, with the market growing at 5.4% CAGR during the forecast period.

Cleaning services are synonymous with janitorial services which are commonly adopted to keep workplaces dust-free and provide a healthy and germ-free environment. Cleaning is considered to be one of the most outsourced services in different facilities such as corporate buildings, educational buildings, hospitals, hotels, retail outlets, and commercial and residential buildings. Indoor and outdoor cleaning services fall under janitorial services and include floor polishing, cleaning, garbage removal and window washing.

The janitorial service requires a high number of manpower and the development of the market is mainly based on the growth of the real estate industry. The janitorial services market suffered a decline in growth during the economic recession after 2008 due to its dependence on the real estate market. Due to the collapse of several mortgage bonds, market growth also saw a sharp decline. However, the growth of the janitorial services market is expected to be boosted by various government agencies and industrial companies establishing a longer term contract for the purpose of cleaning the facilities.

The major players operating in the market are investing heavily in R&D activities, deploying technologies such as IoT and other IT systems and solutions in order to manage cleaning services efficiently. This factor is expected to boost the growth of the global concierge services market in the near future. This will significantly increase their OPEX while possibly being managed by the customer in the form of additional procurement spend in the janitorial services market. These R&D activities contribute to the development of new, highly efficient cleaning equipment and meet the growing demand for cleaning services in a wide range of industries. The growth prospects are bright for the global concierge services market owing to these factors.

Outlook end use

On the basis of end use, the market is segmented into standard cleaning, floor maintenance services, damage restoration cleaning, exterior window cleaning and other end uses. The disaster restoration cleaning segment is expected to show a promising growth rate over the forecast period. These services typically include dehumidification, water extraction, debris removal, mold and mildew removal, and site reconstruction depending on the cause. The major factors responsible for the growth of this segment are natural calamities and site remodeling. Exterior window cleaning is expected to show a significant growth rate over the forecast period. Shopping complexes, office buildings and skyscrapers show increased demand for these services.

Application Outlook

Based on application, the market is segmented into commercial and residential. The commercial segment has established itself as the leading segment in terms of revenue by getting the maximum market share in 2020. The demand for janitorial services in the commercial sector is mainly driven by the increase in the number of commercial activities and the small unoccupied space that requires cleaning in place. the regular basis.

Profiled companies

• ABM Industries, Inc.

• Terminix Global Holdings, Inc.

• Combination North America, Inc.

• Jani-King International, Inc.

• Aeon Delight Co., Ltd.

• National Service Consortium

• ISS Group

• Mitie Group PLC

• WISAG Facility Service Holding GmbH & Co. KG (Aveco Holding AG)

• Stanley Steemer International, Inc.

Unique Publisher Offers

• Comprehensive coverage

• The largest number of tables and figures on the market

• Subscription-based model available

• Best price guaranteed

• After-sales research support provided with 10% free customization

For more information about this report visit https://www.researchandmarkets.com/r/in284p