Facility Management Services Market in India 2023-2027
Technavio has been monitoring the facility management services market in India and is forecast to grow by USD 16.32 bn during 2022-2027, accelerating at a CAGR of 15.23% during the forecast period. Our report on the facility management services market in India provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising levels of outsourcing in building management, development of SEZs and mega food parks, and focus on smart cities.
Technavio's facility management services market in India is segmented as below:
- Soft services
- Hard services
- Retail and others
This study identifies the impact of technology on managing building facilities as one of the prime reasons driving the facility management services market growth during the next few years. Also, rising demand for eco-friendly cleaning products and the growing adoption of IoT in fm will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the facility management services market in India covers the following areas:
- Facility management services market sizing
- Facility management services market forecast
- Facility management services market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading facility management services market vendors that include A La Concierge Services Pvt. Ltd., BVG India Ltd., CBRE Group Inc., Clean India Group, CLR Facility Services Pvt. Ltd., Colliers International Property Consultants Inc., Cushman and Wakefield Plc, EFS Facilities Services Group, ISS AS, Jones Lang LaSalle Inc., OCS Group International Ltd., Quess Corp. Ltd., ServiceMax Facility Management Pvt. Ltd., SILA Group, SMS Integrated Facility Services Pvt. Ltd., Sodexo SA, Tenon Facility Management Pvt. Ltd., Updater Services Ltd., Vatika Group, and Handiman Services Ltd. Also, the facility management services market in India analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.