Industry News > Global Janitorial Services Industry Poised for Growth
Global Janitorial Services Industry Poised for Growth
The worldwide market for janitorial services is expected to grow to US$441.5 billion by 2027 with a compounded annual growth rate—or CAGR—of 8%, according to a new study from market research firm Research and Markets.
The study found growing demand for the real estate industry is expected to propel the growth of the janitorial market during the next four years. According to the report, technological advancements are a key trend gaining popularity, with companies operating in the janitorial service market introducing new technologies such as automated cleaning machines and internet of things (IOT) systems to develop their businesses.
To purchase the complete report from Research and Markets, click here.
