Tag:

TMR

Malaysia to introduce new cybercrime bill to replace outdated computer crimes act

3 weeks ago

written by

by SHAUQI WAHAB

THE government is drafting a new Cybercrime Bill aimed at strengthening Malaysia’s legal framework against the growing threat of online fraud, digital manipulation and emerging cyber risks.

Deputy Prime Minister Datuk Seri Ahmad Zahid Hamidi (picture) (Bagan Datuk-BN) said the bill, led by the National Cyber Security Agency (NACSA), will replace the Computer Crimes Act 1997 (Act 563), which is no longer sufficient to address modern cyber threats.

He said the proposed legislation will adopt a more holistic, up-to-date and technology-neutral approach to close existing legal loopholes, enhance investigation and prosecution capabilities, and better safeguard national cybersecurity as well as digital consumer rights.

He argued that the rise of cyber scams, deepfake technologies and the spread of misinformation, disinformation and malinformation (MDM) have transformed cyberspace into a key battleground for information warfare, as seen in global conflicts such as Russia-Ukraine.

“This Cybercrime Bill will be drafted using a holistic, modern and technology-neutral approach to strengthen enforcement, protect national cybersecurity and safeguard users in the digital space,” he said in Dewan Rakyat today.

The bill will complement the Cyber Security Act 2024 (Act 854), which came into force in August last year to reinforce Malaysia’s cybersecurity ecosystem by streamlining security functions and positioning digital security as a strategic national priority.

Ahmad Zahid also highlighted NACSA’s broader efforts, including the establishment of the Cyber Security and Cryptology Development Centre approved by the Cabinet in January, aimed at creating an integrated, resilient and sovereign national cyber ecosystem.

He added that NACSA and the National Security Council continue to push nationwide cybersecurity awareness campaigns.

The Malaysia Cyber Security Strategy 2025–2030 places strong focus on research, development, commercialisation and innovation to build secure, competitive local technologies and reduce overreliance on foreign systems.

The post Malaysia to introduce new cybercrime bill to replace outdated computer crimes act appeared first on The Malaysian Reserve.

3 weeks ago 0 comments

News

PM clarifies Indonesia-Malaysia border claims, dismisses allegations of land handover

3 weeks ago

written by

by SHAUQI WAHAB

PRIME Minister Datuk Seri Anwar Ibrahim has rejected claims that Malaysia had surrendered 5,207 hectares of land to Indonesia as compensation involving villages near the Sabah–Kalimantan border.

He clarified that border determination between the two countries is governed strictly by long standing international conventions and agreements rather than political trade-offs.

He said the land boundary is based on historical treaties between the British and Dutch administrations, including the Boundary Convention of 1891, the Boundary Agreement of 1915, and the Boundary Convention of 1928, which collectively form the legal foundation for present-day demarcation in Sabah and Sarawak.

Anwar said unresolved border areas, known as Outstanding Boundary Problems (OBP), particularly around Pulau Sebatik, Sungai Sinapat and Sungai Sesai, have been under negotiation since 1977 and were never officially recognised as belonging to either country until technical measurements were finalised.

He highlighted that updated joint surveys showed discrepancies between old maps and actual river mouth positions, which Malaysia used as the basis for its territorial claims in accordance with treaty principles.

“The determination of borders is not based on compensation, reciprocity, or profit and loss as alleged, but strictly on conventions and agreements that have long been in force between Malaysia and Indonesia,” he said in Dewan Rakyat today.

He outlined that recent negotiations have resulted in Malaysia gaining additional land in certain OBP sectors, including small expansions in Pulau Sebatik and larger areas around Sungai Sinapat and Sungai Sesai, while some disputed zones were confirmed to have historically fallen under Indonesian administration since the early 20th century.

He said parts of the villages cited in reports were already located within Indonesian territory based on the 1915 agreement and were never formally claimed by Malaysia.

He stressed that the overall Malaysia-Indonesia land border spans approximately 2,064km, divided between the Sabah–North Kalimantan and Sarawak–West Kalimantan sectors, with several remaining OBP areas still under discussion.

He cautioned against politicising sensitive border matters, stating that negotiations require diplomacy, technical precision and mutual respect to preserve strong bilateral relations.

“We may have differences in negotiations, but this is not the time for narrow political gains that risk harming national interests and the close relationship between Malaysia and Indonesia,” he said.

The post PM clarifies Indonesia-Malaysia border claims, dismisses allegations of land handover appeared first on The Malaysian Reserve.

3 weeks ago 0 comments

Economy News

KKW boosts entrepreneurial pathways for TVET graduates through funding, training and rural support facilities

3 weeks ago

written by

by SHAUQI WAHAB

THE Rural and Regional Development Ministry (KKW) is intensifying efforts to position Technical and Vocational Education and Training (TVET) graduates as entrepreneurs, enabling them to build sustainable businesses rather than relying solely on salaried employment.

Its Deputy Minister Datuk Rubiah Wang (picture) (Kota Samarahan-GPS) said entrepreneurship has been embedded as a core component of TVET curricula under the ministry, with specialised programmes such as the technopreneurship diploma introduced to cultivate business-oriented technical talent.

She explained that students are guided through subjects such as startup enterprise and digital enterprise, which encourage them to transform technical skills into income-generating ventures while nurturing an entrepreneurial mindset from the early stages of their studies.

This approach has yielded positive outcomes, with TVET students and graduates recording strong cumulative sales in recent years, reflecting the growing commercial viability of their ventures.

“Entrepreneurship elements have been integrated as a core component of the mandatory TVET curriculum under KKW to prepare students to build careers as business owners from the outset of their studies,” she said in Dewan Rakyat today.

Beyond academic preparation, agencies under KKW, particularly Majlis Amanah Rakyat (Mara), provide a wide range of financial and operational support to help TVET graduates establish and expand their businesses.

These include microfinancing schemes of up to RM10,000 for Mara institution graduates, financing of up to RM50,000 for Mara Institute of Education (IPMa) graduates, the Technical Entrepreneur Development Programme offering funding of up to RM500,000, as well as special business financing for women entrepreneurs of up to RM150,000.

Additional assistance covers equipment purchases, working capital, training programmes, mentoring and access to business premises.

KKW has also implemented the Start Right Programme (PSR) since 2021 as a catalyst for youth, including TVET graduates, to venture into technical entrepreneurship.

The programme provides entrepreneurship training, business starter equipment and seed capital valued at RM20,000, supported by a structured mentoring and monitoring system over 24 months to ensure new entrepreneurs can achieve sustainable growth and competitiveness.

Rubiah said the ministry is moving towards the establishment of TVET entrepreneur hubs at the district level by offering co-working spaces, logistics facilities, packaging centres and centralised digital marketing platforms, yet rural-level facilities remain limited for now.

More comprehensive manufacturing and support facilities are currently concentrated at divisional and state levels, including in areas such as Demak Laut in Sarawak, where rural entrepreneurs are provided with production spaces and commercial premises to enhance product development and market access.

“Plans are underway to expand the number of hubs and supporting premises at the rural and district levels, particularly business spaces, to better support rural entrepreneurs in starting and scaling their ventures,” she said.

The post KKW boosts entrepreneurial pathways for TVET graduates through funding, training and rural support facilities appeared first on The Malaysian Reserve.

3 weeks ago 0 comments

News

JKNNS: Restaurant shut for 14 days over alleged food recycling

3 weeks ago

written by

SEREMBAN — A restaurant alleged to have washed leftover food scraps from excess cooking to be recooked and resold has been ordered to close for 14 days starting yesterday.

In a statement today, the Negeri Sembilan State Health Department (JKNNS) said the closure order was issued under Section 11 of the Food Act 1983, along with the issuance of a compound notice under the Food Hygiene Regulations 2009.

“On the third day, enforcement officers will conduct a follow-up inspection to determine whether corrective action has been taken. JKNNS views food hygiene and safety issues seriously. The public, especially food owners, operators and handlers, are required to ensure that food safety aspects are properly maintained.

“Neglect of hygiene and food safety aspects can lead to incidents of food poisoning. JKNNS remains alert and concerned about matters that could threaten consumer safety,” the statement said.

The department also advised the public to always prioritise food safety by practising “Observe and Choose” when selecting food premises, and to apply the “Look, Smell, Taste” approach, as these are the simplest steps to prevent food poisoning.

Yesterday, a Facebook post went viral after a user uploaded a video and images showing a shop worker believed to be washing leftover food, such as chicken and meat, to be reused the following day. — BERNAMA

The post JKNNS: Restaurant shut for 14 days over alleged food recycling appeared first on The Malaysian Reserve.

3 weeks ago 0 comments

PR Newswire

Queen Elizabeth’s School, Gurugram Appoints Founding Principal and Founding Head of Prep School

3 weeks ago

written by

GURUGRAM, India, Feb. 3, 2026 /PRNewswire/ — Reinforcing its commitment to academic excellence and world-class leadership, Queen Elizabeth’s School, Gurugram has appointed two distinguished education leaders to its founding leadership team. Dr Craig Cook has been appointed Founding Principal, while Ms Sonal Chatrath joins as Founding Head of Prep School. These landmark appointments mark a significant step in the establishment of Queen Elizabeth’s first-ever campus in India, scheduled to open in August 2026.

Dr Craig Cook is an accomplished international education leader with more than three decades of experience across K–12 and higher education in the United States, Asia and South-East Asia. Most recently, he served as Principal and Head of School at Woodstock School, Mussoorie, one of India’s oldest and most respected international boarding schools, where he led significant academic, strategic and infrastructural transformation. He has successfully led schools through complex accreditation and inspection processes, overseen major capital and campus enhancement projects, and guided staff and families through periods of purposeful change. His leadership journey also includes senior academic roles in the USA, and Indonesia. Holding a PhD in Sociology, Dr Cook brings a strong cross-cultural perspective and a deep commitment to preparing students for leadership, service and meaningful global engagement.

As Founding Principal, Dr Cook will play a pivotal role in shaping the academic vision, culture and standards of Queen Elizabeth’s School, Gurugram, ensuring that the school reflects the excellence, ethos and outcomes associated with the legacy of Queen Elizabeth’s School.

Ms Sonal Chatrath joins Queen Elizabeth’s School, Gurugram as Founding Head of Prep School, bringing with her extensive experience in early years and prep school education, academic leadership and whole-school development. Most recently, she served as Head of Prep School at John Lyon School and has previously held senior leadership positions at Danes Hill School, including Deputy Head Academic and Director of Learning Support. With a strong academic foundation in Education Management and Leadership from the University of Leicester, alongside specialist expertise in Early Years education and learning support, Ms Chatrath is widely recognised for her focus on high-quality teaching, safeguarding, pastoral care and the holistic development of children. Her leadership philosophy centres on nurturing confident learners, empowering educators and building a strong, values-driven school culture from the earliest years.

In her new role, Ms Chatrath will lead the development of the Prep School, laying the foundations for academic excellence, emotional well-being and a lifelong love for learning.

Speaking on the appointments, Caroline Pendleton-Nash, Chief Executive Officer of Queen Elizabeth’s Global Schools, said, “The appointment of Dr Craig Cook and Ms Sonal Chatrath reflects our unwavering commitment to excellence as we establish Queen Elizabeth’s School in India. Founding leaders defines the character, culture and academic standards of a school for generations to come. Both Dr Cook and Ms Chatrath bring exceptional experience, integrity and vision, and we are confident that they will create an environment where children are challenged academically, supported socially and nurtured as well-rounded young people.”

Dr Craig Cook, Founding Principal, Queen Elizabeth’s School, Gurugram, said “It is a privilege to be entrusted with the responsibility of founding Queen Elizabeth’s School in Gurugram. The opportunity to build a school that combines historic educational excellence with contemporary global relevance is deeply compelling. I look forward to working closely with the community to establish a school that nurtures confident, able and responsible young people.”

Ms Sonal Chatrath, Founding Head of Preparatory, Queen Elizabeth’s School, Gurugram, said, “I am honoured to join Queen Elizabeth’s School at such a formative stage. Early education shapes not only academic pathways but also confidence, values and well-being. I am committed to creating a nurturing, aspirational and inclusive environment where every child is known, supported and inspired to achieve their full potential.”

With these appointments, Queen Elizabeth’s School, Gurugram strengthens its promise to Indian families of delivering an education defined by academic depth, pastoral excellence and global perspective, firmly positioning itself as one of the most prestigious and trusted new schools in the country.

Backed by GEDU Global Education, the largest foreign education investor in India, Queen Elizabeth’s School, Gurugram brings more than 450 years of British academic heritage, rigour and values to Indian families. The appointment of globally respected leaders to its senior academic roles underlines the school’s unwavering focus on quality, governance and the holistic development of every child.

For more information, visit www.qegurugram.com

About Queen Elizabeth’s School, Gurugram

Queen Elizabeth’s School, Gurugram, is part of Queen Elizabeth’s Global Schools, delivering a world-class British education in India, grounded in more than 450 years of academic heritage. Inspired by the legacy of Queen Elizabeth’s School, Barnet, founded by Royal Charter in 1573 in the United Kingdom, the school draws on a long-standing tradition of intellectual rigour, strong values, and character-based education.

Opening in August 2026, Queen Elizabeth’s School, Gurugram, will welcome students from EY1 to Year 9 in its first year of operation (2026–2027), later extending to offering a continuous educational journey through to Year 13. The school plans to deliver the Cambridge International Curriculum, leading to IGCSE and A Level pathways, thoughtfully adapted to its international context while maintaining the academic standards and expectations of a leading British school.

At the heart of the school’s approach is a commitment to exceptional teaching and learning, supported by a coherent whole-school framework that integrates academic excellence with personal development. Students benefit from the QE House programme, which fosters belonging, leadership, teamwork and school identity; QE Futures, which develops aspiration, independence and readiness for life beyond school; and QE Flourish, a rich co-curricular programme encompassing creativity, service, wellbeing, challenge and competition. Together, these pillars ensure a balanced and purposeful education that extends well beyond the classroom.

Underpinned by the core values of excellence, curiosity, integrity, community, ambition and responsibility, the school’s mission is to nurture confident, able and responsible young people, prepared to lead happy, fulfilled lives and to make a meaningful contribution to society.

For further information on Queen Elizabeth’s School, Gurugram, please visit: www.qegurugram.com

View original content:https://www.prnewswire.com/news-releases/queen-elizabeths-school-gurugram-appoints-founding-principal-and-founding-head-of-prep-school-302677819.html

SOURCE Queen Elizabeth’s Global Schools

The post Queen Elizabeth’s School, Gurugram Appoints Founding Principal and Founding Head of Prep School appeared first on The Malaysian Reserve.

3 weeks ago 0 comments

News

NG MERS999 wins global Social PPP Project of the Year award in Istanbul

3 weeks ago

written by

(Pic credit: Setiausaha Bahagian Kawalan dan Pematuhan Kementerian Komunikasi Kamarudin Abdul Rani)

KUALA LUMPUR — Malaysia’s Next Generation Malaysian Emergency Response Services 999 (NG MERS999) project has gained international recognition after being named global winner of the Social PPP Project of the Year at the 10th Istanbul PPP Week Awards in Istanbul, yesterday.

Communications Ministry Control and Compliance Division Secretary Kamarudin Abdul Rani said the prestigious award reflects the success of a high-impact social project implemented through the Public-Private Partnership (PPP) model, particularly in strengthening the nation’s emergency response system through integrated communications technology and coordinated rescue services.

“The global recognition highlights the close collaboration between the government and the private sector in delivering high-quality, internationally benchmarked emergency services.

“The project is coordinated by the Public-Private Partnership Unit (UKAS) under the Prime Minister’s Department, with the Ministry of Communications as the project owner and Telekom Malaysia (TM) as the concessionaire,” he told Bernama.

The award ceremony was held at Le Méridien Istanbul Etiler in conjunction with Istanbul PPP Week, which brings together investors, financial institutions, advisers and policymakers from Europe, West Asia, Asia and Africa to discuss sustainable infrastructure development through PPP approaches.

Under NG MERS999, the national 999 emergency call system has been upgraded with next-generation technology to shorten response times, strengthen inter-agency coordination and ensure faster, more efficient assistance to the public.

The achievement marks a milestone as NG MERS999 became the first Malaysian PPP project to be nominated for, and win, the award since the Istanbul PPP Week Awards were introduced a decade ago, further enhancing Malaysia’s international reputation in delivering socially impactful infrastructure projects. — BERNAMA

The post NG MERS999 wins global Social PPP Project of the Year award in Istanbul appeared first on The Malaysian Reserve.

3 weeks ago 0 comments

PR Newswire

Rika Sharma appointed Executive Managing Director for Kantar Southeast Asia Cluster and Singapore

3 weeks ago

written by

SINGAPORE, Feb. 4, 2026 /PRNewswire/ — Kantar has announced the appointment of Rika Sharma as Executive Managing Director for its Southeast Asia Cluster and Singapore business.

Rika is a seasoned digital and marketing leader with over two decades of experience across North America and APAC. Most recently, she led Sales and Strategy for Google Agency, Partners and Industry Bodies in APAC and has previously held senior leadership roles at Digitas, SEA & Singapore and Ogilvy APAC- driving integrated strategy, creativity and digital transformation.

Recognised as a thought leader and industry influencer, Rika has served on advisory boards and earned accolades including Campaign Asia 40 Under 40 and Asia’s Woman Leader. She brings a strong track record in shaping strategy, driving commercial performance and building high-impact teams across complex, multi-market environments.

In her new role, Rika will strengthen alignment with Kantar’s global vision and accelerate momentum across Southeast Asia, leveraging her strategic clarity, collaborative leadership style, and passion for talent development to deepen Kantar’s regional impact.

Commenting on the appointment, Cheong Tai Leung, CEO, APAC, Kantar said, “Rika brings a rare combination of strategic depth, commercial acumen and people leadership to Kantar. As we accelerate our momentum across Southeast Asia, Rika’s experience and perspective will be instrumental in strengthening our client partnerships and advancing Kantar’s regional ambitions.”

Rika Sharma added, “I’m delighted to be joining Kantar at such a pivotal moment for the business. Kantar’s deep consumer understanding, trusted client partnerships and commitment to innovation strongly resonate with me. I look forward to working with our talented teams across Singapore and Southeast Asia to build on this strong foundation, help brands navigate an increasingly complex marketplace and unlock sustainable, meaningful growth across the region.”

About Kantar:

Kantar is the world’s leading AI-native marketing data and analytics business and an indispensable brand partner to the world’s top companies. We combine the most meaningful attitudinal and behavioural data with deep expertise and advanced analytics to uncover how people think and act. We help clients understand what has happened and why and how to shape the marketing strategies that shape their future. www.kantar.com

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/rika-sharma-appointed-executive-managing-director-for-kantar-southeast-asia-cluster-and-singapore-302678488.html

SOURCE Kantar

The post Rika Sharma appointed Executive Managing Director for Kantar Southeast Asia Cluster and Singapore appeared first on The Malaysian Reserve.

3 weeks ago 0 comments

PR Newswire

WinWire Recognized at WEF Davos as a Premier AI-First Services Firm by Constellation Research for Agentic AI @ Scale

3 weeks ago

written by

HYDERABAD, India, Feb. 4, 2026 /PRNewswire/ — WinWire today announced it has been named to Constellation Research, Inc.’s 2026 AI-First Service Firms list, shared at the World Economic Forum (WEF) in Davos. The recognition places WinWire among an elite group of services firms redefining how enterprises design, deploy, and scale artificial intelligence — with AI embedded at the core of delivery, decision-making, and value creation.

AI-First Services Firm by Constellation Research

At Davos 2026, artificial intelligence emerged not merely as a technology trend, but as a structural force. As organizations transition from fragmented pilots to AI systems that power day-to-day operations, the challenge has shifted from capability to execution. WinWire enables enterprises to become AI-native ‘Frontier Firms’ — organizations that combine human judgment with digital labor to achieve step-change improvements in speed, productivity, and outcomes.

At the center of this transformation is WinWire’s Agentic AI @ Scale approach, powered by its proprietary 3i Framework — Imagine, Ignite, Impact. The framework accelerates the journey from strategy to production by aligning business priorities, engineering execution, and outcome realization. WinWire’s Prioritization & ROI Scoring Mechanism (PRISM) approach helps prioritize the implementation and tracking of Agentic AI use cases across the enterprise, providing executive visibility with speed, trust, and impact.

With a growing portfolio of 100+ pre-built, production-ready agents, the WinAI Factory, and enterprise-grade WinAI Governance and WinAI AgenticOps capabilities, WinWire empowers enterprises to reimagine business processes, rapidly build Agentic AI services, and scale them securely across the organization.

“Davos made one thing clear: AI is no longer about what’s possible—it’s about what’s deployable, governable, and valuable,” said Ashu Goel, Founder and CEO of WinWire. “Being recognized by Constellation Research as an AI-First Services Firm reinforces our belief that AI-first delivery is now the baseline. This recognition reinforces our commitment to helping enterprises turn AI pilots into scalable, production-ready solutions that deliver business value.”

About Constellation Research’s AI-First Service Firms list

Constellation Research conducted the search in Fall 2025 using surveys, outreach, customer references, briefings, and customer reference calls. The list is designed to be updated annually as the market evolves.

To view the Constellation Research 2026 AI-First Service Firms list, visit:
https://www.constellationr.com/communities/ai-first-service-firms

About WinWire

WinWire unleashes the Power of Agentic AI to deliver innovative ‘Services as Software‘ solutions that help our customers gain a competitive advantage. We are at the forefront of enabling enterprises in Healthcare and Life Sciences, Software, and Digital Platforms (SDP) sectors to embark on a transformative Agentic AI journey.

A globally recognized, multi-award-winning Agentic AI firm, we pride ourselves on delivering a spectrum of AI-led digital transformational services that include:

Agentic AI Services – Harness the power of Agentic AI to accelerate the Frontier Firm Journey
Foundational AI Services – Data Estate & BI Modernization for AI-Ready data
Operational AI Services – Manage, optimize, and evolve enterprise applications leveraging Agentic AI systems to reduce costs & enhance agility

For more information, please visit: www.WinWire.com

Photo: https://arah.my/wp-content/uploads/2026/02/AI_First_Services_Firm.jpg
Logo: https://arah.my/wp-content/uploads/2026/02/WinWire_Logo.jpg

View original content:https://www.prnewswire.com/in/news-releases/winwire-recognized-at-wef-davos-as-a-premier-ai-first-services-firm-by-constellation-research-for-agentic-ai–scale-302676131.html

The post WinWire Recognized at WEF Davos as a Premier AI-First Services Firm by Constellation Research for Agentic AI @ Scale appeared first on The Malaysian Reserve.

3 weeks ago 0 comments

News

Private hospitals use DRG system to curb excessive charges, protect clinical independence

3 weeks ago

written by

by SHAUQI WAHAB

THE Health Ministry (MOH) is in the early stages of implementing the Diagnosis-Related Group (DRG) system in Malaysia’s private healthcare sector as part of a broader effort to standardise medical charges, improve cost transparency and shift towards value-based healthcare.

The DRG framework classifies medical cases based on diagnosis, treatment procedures and severity levels, allowing treatment costs to be determined more fairly and consistently across hospitals.

Health Minister Datuk Seri Dr Dzulkefly Ahmad said the initiative is being carried out through a whole-of-nation approach under the Reset strategy, overseen by the Joint Ministerial Committee on Private Healthcare Costs.

For now, the focus is on collecting clinical and financial data to develop the DRG algorithms and ensure hospitals are technically and operationally ready for full implementation.

To date, 80 out of 104 registered private hospitals have participated in DRG training programmes, with 23 training sessions conducted, reflecting strong industry engagement.

The system is expected to improve efficiency, prevent unreasonable billing practices and encourage better use of healthcare resources.

According to Dzulkefly, the current data collection is being conducted under a circular issued by the Health DG following extensive stakeholder engagement.

On the issue of potential interference by insurance and takaful operators in clinical decision-making, he stressed that MOH takes the matter seriously, warning that any actions undermining doctors’ professional independence could contravene existing healthcare laws.

Dzulkefly added that MOH is actively working with Bank Negara Malaysia and industry stakeholders through a grievance mechanism platform to resolve regulatory overlaps and safeguard patient care.

Looking ahead, he said future decisions on full DRG implementation — including the possibility of new healthcare financing legislation — would be based on the outcomes of the ongoing data analysis.

“As we develop that algorithm and logic, it may also be possible to draft new legislation related to health financing transformation,” he said in Dewan Rakyat today.

The post Private hospitals use DRG system to curb excessive charges, protect clinical independence appeared first on The Malaysian Reserve.

3 weeks ago 0 comments

PR Newswire

Facility Management Services Market Projected to Reach USD 226.3 Billion by 2032 | Credence Research

3 weeks ago

written by

LONDON, Feb. 4, 2026 /PRNewswire/ —

Market Overview

The Global Facilities Management Market size was valued at USD 35.6 Billion in 2018 to USD 64.2 Billion in 2024 and is anticipated to reach USD 226.3 Billion by 2032, at a CAGR of 17.10% during the forecast period. Growth is driven by rising use of outsourced services across commercial, industrial, and public facilities. Organizations are shifting non-core operations to external providers because of cost control needs, service consistency, and regulatory compliance. Offices, hospitals, manufacturing sites, retail spaces, and government buildings continue to increase reliance on integrated facility solutions.

Growing demand for outsourced services remains a key factor supporting market expansion. Companies seek to reduce fixed costs and improve service reliability by contracting specialized providers for cleaning, maintenance, security, and energy management. Integration of advanced technologies also supports growth. Use of building automation systems, IoT-enabled sensors, and digital maintenance platforms improves asset performance and energy efficiency. These tools support predictive maintenance and real-time monitoring, which help clients manage large property portfolios and reduce service disruptions.

Browse the report and understand how it can benefit your business strategy – https://www.credenceresearch.com/report/facilities-management-market

Rising operational costs present a major challenge for service providers. Labor expenses, energy prices, and compliance requirements continue to increase, affecting margins. Technological challenges also persist, including high upfront investment, system compatibility issues, and cybersecurity risks. Workforce shortages and retention issues add further pressure. Short supply of skilled technicians and supervisors affects service quality and contract execution. Companies respond through training programs, automation, and improved workforce planning, although these measures require sustained investment.

North America accounts for a significant share of the facility management services market due to early adoption of outsourced service models and advanced building technologies. The United States leads the region, supported by strong presence of corporate offices, healthcare facilities, and industrial sites. High focus on regulatory compliance, workplace safety, and energy efficiency continues to drive service contracts. Use of digital platforms and integrated facility management solutions remains higher in this region compared with others.

Europe represents a mature market with steady growth supported by sustainability policies and strict building standards. Countries such as the United Kingdom, Germany, and France show consistent adoption of integrated services across commercial and public infrastructure. Demand is supported by aging building stock and energy efficiency targets. Service providers in the region focus on compliance-driven maintenance, environmental performance, and long-term contracts with public and private clients.

The facility management services market includes a mix of global and regional providers.

Key players operating in the market include

CBRE Group, Inc.
Spotless Group Holdings Limited
ISS World Services A/S
Sodexo, Inc.
Knight Facilities Management,
Tenon Group,
BVG India Ltd.,
EMCOR Group, Inc.,
Quess Corp Ltd.,
Arthur McKay & Co Ltd.

These companies focus on long-term contracts, technology-enabled service delivery, and sector-specific offerings to strengthen their positions.

Recent Developments:

Aug 2025: JLL added AI capabilities to its Prism building operations platform, powered by Falcon.
Aug 2025: Mitie completed its acquisition of Marlowe plc, positioning the combined group as a larger “facilities compliance” player.
Dec 2025: PIF and JLL announced an agreement for JLL to acquire a significant stake in Saudi integrated FM company FMTECH, while PIF would retain a majority stake.
Jan 2025: CBRE announced a definitive agreement to acquire Industrious (flex workplace), and CBRE later framed this alongside its facilities-management operating model/segments.

Segments:

By Service Type

Hard Services
Soft Services
Other Services

By Offering

In-House
Outsourced

By Deployment Type

On-Premises
Cloud

By Organization Size

Large Enterprises
Small and Medium-sized Enterprises (SMEs)

By Industry Vertical

Commercial
Institutional
Public/Infrastructure
Industrial
Others

By Region

North America

U.S.
Canada
Mexico

Europe

UK
France
Germany
Italy
Spain
Russia
Belgium
Netherlands
Austria
Sweden
Poland
Denmark
Switzerland
Rest of Europe

Asia Pacific

China
Japan
South Korea
India
Australia
Thailand
Indonesia
Vietnam
Malaysia
Philippines
Taiwan
Rest of Asia Pacific

Latin America

Brazil
Argentina
Peru
Chile
Colombia
Rest of Latin America

Middle East

UAE
KSA
Israel
Turkey
Iran
Rest of Middle East

Africa

Egypt
Nigeria
Algeria
Morocco
Rest of Africa

Preview the report with a detailed sample and understand how it can benefit your business strategy. Request a free sample today – https://www.credenceresearch.com/report/facilities-management-market

Reasons to Purchase this Report:

Gain a comprehensive understanding of the market through qualitative and quantitative analyses, considering both economic and non-economic factors, with segmentation and sub-segmentation details provided in terms of market value (USD Billion).
Identify regions and segments expected to experience the fastest growth or dominate the market, with a detailed analysis of geographic consumption patterns and the factors driving or hindering market performance in each region.
Stay informed about the competitive environment, with rankings of major players, recent product and service launches, partnerships, business expansions, and acquisitions from the past five years.
Access detailed profiles of major market players, including company overviews, insights, product benchmarking, and SWOT analysis, to understand competitive advantages and market positioning.
Explore the present and forecasted market landscape, with insights into growth opportunities, market drivers, challenges, and constraints for both developed and emerging regions.
Benefit from Porter’s Five Forces analysis and Value Chain insights to evaluate various market perspectives and competitive dynamics.
Understand the evolving market scenario, including potential growth opportunities and trends expected in the coming years.

Browse the report and understand how it can benefit your business strategy – https://www.credenceresearch.com/report/facilities-management-market

Discover additional reports tailored to your industry needs

Smart Facility Management Market – https://www.credenceresearch.com/report/smart-facility-management-market

Computer Aided Facility Management (CAFM) Market – https://www.credenceresearch.com/report/computer-aided-facility-management-cafm-market

Saudi Arabia Facility Management Services Market – https://www.credenceresearch.com/report/saudi-arabia-facility-services-management-market

Assisted Living Facility Market – https://www.credenceresearch.com/report/assisted-living-facility-market

Building Information Modelling (BIM) Market – https://www.credenceresearch.com/report/building-information-modelling-market

Follow Us:

https://www.linkedin.com/company/credenceresearch/

https://x.com/CredenceResearc

https://www.facebook.com/CredenceResearch

About Us:

Credence Research is a viable intelligence and market research platform that provides quantitative B2B research to more than 2000 clients worldwide and is built on the Give principle. The company is a market research and consulting firm serving governments, non-legislative associations, non-profit organizations, and various organizations worldwide. We help our clients improve their execution in a lasting way and understand their most imperative objectives.

Contact Us
Credence Research Inc,
Tower C-1105 , S 25, Akash Tower,
Vishal Nahar, Pimple Nilakh,
Haveli,
Pune – 411027, India
Europe – +44 7453 598 606
North America – +1 304 308 1216
Australia – +61 4192 46279
Asia Pacific – +81 5050 50 9250
+64 22 017 0275
India – +91 6232 49 3207
sales@credenceresearch.com
www.credenceresearch.com

Logo: https://arah.my/wp-content/uploads/2026/02/Credence_Research_Logo.jpg

View original content:https://www.prnewswire.com/news-releases/facility-management-services-market-projected-to-reach-usd-226-3-billion-by-2032–credence-research-302678477.html

SOURCE Credence Research Inc.

The post Facility Management Services Market Projected to Reach USD 226.3 Billion by 2032 | Credence Research appeared first on The Malaysian Reserve.

3 weeks ago 0 comments

Newer Posts

Older Posts