According to the latest report by IMARC Group, titled “India Facility Management (FM) Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the india facility management market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 23% during 2021-2026.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Facility management (FM) includes several tools and services that help ensure the comfort, efficiency, safety, functionality, and sustainability of buildings, infrastructure, grounds, and real estate. It includes maintenance and operations, capital project planning and management, energy management, occupancy and space management, lease administration and accounting, emergency management, business continuity, etc. FM delivers cognitive capabilities, performs predictive analysis, achieves real-time visibility, and offers more productive and cost-efficient environments. At present, due to the increasing urban development, FM services are being used in the residential and commercial sectors of India.
Significant growth in the real estate sector is primarily bolstering the market for facility management in India. Additionally, the enactment of the Real Estate (Regulation and Development) Act (RERA) 2016, which protects the house buyers and helps boost the real estate sector, is strengthening the market growth. With the thriving information technology (IT) sector and the growing popularity of e-commerce platforms, the overall need for infrastructure and organized spaces is escalating, which is also influencing the market positively. Besides this, various companies are utilizing AI and IoT technologies to automate FM services for energy efficiency audits. This has increased the investments in the infrastructure sector, which is anticipated to further bolster the market for professional FM service in India over the forecasted period.
India Facility Management (FM) Market 2021-2026 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the india facility management (FM) market has been studied in the report with the detailed profiles of the key players operating in the market.
Key Market Segmentation:
The report has segmented the india facility management (FM) market on the basis of solution, service, deployment type, organization size, vertical and region.
Breakup by Solution:
- Integrated Workplace Management System
- Facility Operations and Security Management
- Building Information Modeling
- Facility Property Management
- Facility Environment Management
- Deployment and Integration
- Auditing and Quality Assessment
- Support and Maintenance
- Consulting
- Service Level Agreement Management
- On-premises
- Cloud-based
- Small and Medium Size Enterprises
- Large Enterprises
- Banking, Financial Services and Insurance
- IT and Telecom
- Government and Public Administration
- Healthcare
- Education
- Retail
- Energy and Utilities
- Others
- North India
- West and Central India
- South India
- East India
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Industry Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
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