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EUROPEAN FACILITIES MANAGEMENT MARKET SEES 12% GROWTH

Technology analyst firm Datamonitor has predicted the facilities management market in Europe will be worth $2.75bn by 2001 and said Electronic Data Systems Corp now holds a 12% share of the market. The findings have been published in a report, IT Outsourcing in Europe, 1996-2001: Managing the Market. Datamonitor says the European facilities management market is growing at an annual rate of 12%, but the processing services segment is expected to drop from its 84% share in 1994 to just 30.7% by 2001.

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CBR Staff Writer

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