18 © TechSci Research 18 Sample Data - Snapshot Growth in real estate sector and increasing industrialization to drive the growth of the Brazil Facility Management Market . According to TechSci Research report, “ Brazil Facility Management Market - By Region, Competition, Forecast & Opportunities, 2017 - 2027 ”, Brazil facility management market is forecast to grow at a rate of 5 . 85 % to reach USD 26 . 08 billion by 2026 . Growth in the market can be attributed to an increasing number of ongoing infrastructural projects in the country backed by improving the economic conditions of the country and increasing per capita income . Increasing foreign direct investment is another major factor for the growth of the facility management market of the country . Favorable policies launched by the government such as the federal government's constant reduction of the national interest rate index, or Sistema Especial de Liquidação e Custodia (Special System of Clearance and Custody - SELIC) are positively influencing the growth of the market . Due to the push by the government of the country, there is colossal growth in real estate . Growth in real estate is expected to elevate the demand for services such as security, HVAC maintenance, cleaning services, etc . , which in turn is driving the growth of the Brazil facility management market . Brazil government has announced plans to develop smart cities as part of a sustainable infrastructure initiative . The government is planning to implement automation and add data - driven technologies . The development of smart cities helps to reduce energy consumption and reduce greenhouse impact . The country also has a Green Building Council for transforming the construction and maintenance of commercial and residential buildings towards sustainability . In 2021 , the country also held the Greenbuilding Brasil International Conference 2021 , Latin America's largest sustainable construction event, providing material to thousands of experts from many countries over the course of 15 days of technical lectures, master classes, and interviews covering matters of green building . Brazil facility management market is segmented based on service, type, application, source, industry, region and company . In terms of application, the market can be segregated into industrial, commercial, residential . Out of these, the commercial sector led the market in 2021 with a share of over 46 % , and the segment is projected to continue its dominance until 2027 . Based on service, the market is split into property, cleaning, security, catering, support, and others . Cleaning and property services, which include project management, building maintenance, HVAC maintenance, and other services, ensure that buildings and other structural frameworks are properly maintained . Growing industrial and commercial sectors, as well as favorable financing conditions, rising purchasing power parity, and a flourishing housing sector, are expected to positively influence the demand for property and cleaning services in the country . Growth of the real estate sector across the nation is expected to positively influence the demand for facility management . Moreover, Brazil is the largest Latin American economy and a vital economic jurisdiction in the region, with multiple countries sharing its border, making it an ideal trading hub . Key market players in the Brazil facility management market include CBRE Group, Inc, Jones Lang LaSalle IP, Inc . (JLL), Cushman & Wakefield plc, Sodexo, Colliers International Property Consultants, Inc . , Manserv , G 4 S Brazil, GRSA|Compass Group, Brasanitas Group, ISS Global “Southeast Brazil accounted for the largest revenue share, i . e . , 58 . 84 % in Brazil facility management market in 2021 . The region is expected to maintain its dominance over the next five years as well, owing to the growing construction and commercial activities in the region . Moreover, Brazil's Southeast Region is the richest in the country . Rio de Janeiro, Sao Paulo, Espirito Santo, and Minas Gerais are the four states that make up the region . Southeast Region has a population of 86 . 3 million people and covers 924 , 511 . 3 square kilometers, making it the fourth largest region by area and the most populous . ” said Mr . Karan Chechi, Research Director with TechSci Research, a research - based global management consulting firm .