India Facility Management Market Outlook, Industry Size, Growth Factors, Investment Opportunity 2024-2032

IMARC Group, a leading market research company, has recently releases report titled “India Facility Management Market Report by Solution (Integrated Workplace Management System, Facility Operations and Security Management, Building Information Modeling, Facility Property Management, Facility Environment Management), Service (Deployment and Integration, Auditing and Quality Assessment, Support and Maintenance, Consulting, Service Level Agreement Management), Deployment Type (On-premises, Cloud-based), Organization Size (Small and Medium Size Enterprises, Large Enterprises), Vertical (Banking, Financial Services and Insurance, IT and Telecom, Government and Public Administration, Healthcare, Education, Retail, Energy and Utilities, and Others), and Region 2024-2032”. The India facility management market size is expected to exhibit a growth rate (CAGR) of 11.56% during 2024-2032.

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India Facility Management Market Overview:

The India facility management market is expanding rapidly, owing to the growing real estate industry and the fast urbanization of the country. Besides this, the rise of the market is being greatly assisted by the increasing need for integrated facility management services, which include housekeeping, security, and maintenance. Moreover, such growth is further supported by the elevating awareness among businesses about the benefits of outsourcing non-core activities to enhance operational efficiency and cost-effectiveness.

Additionally, the expansion of commercial spaces, IT parks, and residential complexes has escalated the need for professional facility management services, contributing to the expansion of the India facility management market. Meanwhile, initiatives of the government bodies for promoting smart cities and sustainable infrastructure development are also acting as significant catalysts for the market.

India Facility Management Market Trends:

The adoption of advanced technologies such as the Internet of Things (IoT), artificial intelligence (AI), and automation in facility management is transforming service delivery, and improving efficiency is further propelling the India facility management market. In addition, the shift towards green building practices and energy-efficient solutions is another key trend driven by the growing emphasis on environmental sustainability.

Furthermore, the COVID-19 pandemic has heightened the importance of health and safety, leading to increased investments in sanitization and hygiene services. This focus on maintaining high standards of cleanliness and safety in workplaces and public spaces is expected to sustain the growth of the India facility management market in the foreseeable future.

India Facility Management 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 (2018-2023)

• Market Outlook (2024-2032)

• 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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