SHERIDAN, WYOMING, UNITED STATES, July 18, 2022 /EINPresswire.com/ -- 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.
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.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape with Key Players:
The competitive landscape of the india facility management market has been studied in the report with the detailed profiles of the key players operating in the market.
Key Highlights of the 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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