India Facility Management Market Share, Size, Growth, Opportunity and Forecast by 2027

According to the latest report by IMARC Group, titled “India Facility Management Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027." the India facility management market is expected to exhibit a CAGR of 12.97% during 2022-2027.

India Facility Management Market Overview:

Facility management (FM) represents the tools and services used to ensure the safety, comfort, functionality, sustainability, etc., of buildings, infrastructure, real estate, etc. It involves maintenance and operations, occupancy and space management, energy management, emergency management and business continuity, lease administration and accounting, etc. FM services depend on Wi-Fi, meters, gauges, smart devices, Internet of Things (IoT) sensors, artificial intelligence (AI), etc., to provide productive and cost-efficient environments, deliver cognitive capabilities, achieve real-time visibility, etc. Owing to this, they find extensive applications in the commercial and residential sectors.

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India Facility Management Market Trends:

The rising number of urban development projects, coupled with the shifting consumer preferences towards clean, safe, and secure environments are resulting in the expansion of the real estate sector, thereby fueling the India facility management market. Moreover, the expanding information technology (IT) and e-commerce sectors are further elevating the demand for requisite infrastructures and organized spaces, which is further catalyzing the market growth. Additionally, the increasing utilization of AI and IoT technologies to automate FM services for energy efficiency audits is also augmenting the Indian market. Furthermore, the introduction of various favorable policies by government bodies, such as the Smart Cities Mission to promote sustainable and inclusive cities, is stimulating the market growth. Besides this, the post-pandemic return-to-the-workplace strategies and the emphasis on hybrid workspaces are anticipated to drive the India facilities management market over the forecasted period.

Key Market Segmentation:

Breakup by Solution:

• Integrated Workplace Management System
• Facility Operations and Security Management
• Building Information Modeling
• Facility Property Management
• Facility Environment Management

Breakup by Service:

• Deployment and Integration
• Auditing and Quality Assessment
• Support and Maintenance
• Consulting
• Service Level Agreement Management

Breakup by Deployment Type:

• On-premises
• Cloud-based

Breakup by Organization Size:

• Small and Medium Size Enterprises
• Large Enterprises

Breakup by Vertical:

• Banking, Financial Services and Insurance
• IT and Telecom
• Government and Public Administration
• Healthcare
• Education
• Retail
• Energy and Utilities
• Others

Breakup by Region:

• North India
• West and Central India
• South India
• East India

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Key highlights of the report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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