Global Janitorial Services Market Report 2023: Growing Demand Involving The Real Estate Industry Fuels Sector
According to the “Janitorial Services Global Market Report 2023” the market is expected to grow from $297.47 billion in 2022 to $324.21 billion in 2023, at a compound annual growth rate (CAGR) of 9.0%. The janitorial services market is expected to reach $441.54 billion in 2027, at a CAGR of 8.0%.
Janitorial services in the report refers to cleaning or waste removal provided by a commercial cleaning business or individual contractor. North America was the largest region in the janitorial services market in 2022. The regions covered in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Growing demand felt within the real estate industry is expected to propel the growth of the janitorial market going forward. Also, according to the report, technological advancements are a key trend gaining popularity, with companies operating in the janitorial services market introducing new technologies such as automated cleaning machines and internet of things (IOT) systems to develop their businesses.