NEW YORK, November 4, 2021 /PRNewswire/ — The facilities management services market in India should grow by $13.43 billion at a CAGR of 13.76% from 2020 to 2025, according to Technavio’s latest research report. This report presents a detailed picture of the market through study, synthesis and summation of data from multiple sources by analysis of key parameters. The facility management services market in India is segmented by End User (IIBB, Manufacturing, Infrastructure, Healthcare and Others) and by Service (Software Services and Hardware Services).
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The facility management services market in India The report offers a comprehensive analysis of the strategies adopted by vendors and the trends, drivers, and challenges affecting the market size. The impact of technology in building facilities management is expected to have a positive impact on the growth of the facilities management services market in India during the forecast period.
The facility management services market in India covers the following areas:
Facilities Management Services Market in India Sizing
Facilities Management Services Market in India Provide
Facilities Management Services Market in India To analyse
Market challenges
The facility management services market in India faces the following challenges:
- Employee Attrition and Training: Facilities management services require skilled, semi-skilled and unskilled labor. However, there is a shortage of skilled and semi-skilled labor with technical knowledge, which hampers the growth of the market. As a result, suppliers must provide training for their employees, which is a major challenge. Additionally, suppliers’ reluctance to invest in retaining their existing workforce leads to high attrition.
- Very fragmented market: As there are several local vendors present in the facility management services market in India, the market is highly fragmented. Unorganized providers that provide a limited number of services have dominated the market. This poses a challenge for organized sellers.
- Slow adoption of new technologies: The adoption of new technologies in the facility management services market in India is slow due to the prevalence of unorganized vendors. These vendors rely on cheap labor and lack support from end users.
Some companies mentioned
- CBRE Group Inc.
- Cushman & Wakefield Plc
- Jones Lang LaSalle Inc.
- OCS Group Ltd.
- Quess Corp. ltd.
- SILA Group
- SMS Integrated Facility Services Pvt. ltd.
- Sodexo Group
- Tenon Facility Management India Pvt Ltd
- Update Services Pvt. ltd.
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Scope of the Facilities Management Services Market in India |
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Report cover |
Details |
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Page number |
120 |
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Year of reference |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum and CAGR |
Accelerate at a CAGR of 13.76% |
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Market Growth 2021-2025 |
$13.43 billion |
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Market structure |
Fragmented |
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Annual growth (%) |
11.14 |
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Regional analysis |
India |
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Competitive landscape |
Leading companies, competitive strategies, scope of consumer engagement |
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Profiled companies |
CBRE Group Inc., Cushman & Wakefield Plc, Jones Lang LaSalle Inc., OCS Group Ltd., Quess Corp. Ltd., SILA Group, SMS Integrated Facility Services Pvt. Ltd., Sodexo Group, Tenon Facility Management India Pvt Ltd and Updater Services Pvt. ltd. |
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Market dynamics |
Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, Impact of COVID-19 and Future Consumer Dynamics, Market Condition Analysis for the Forecast Period |
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Personalization area |
If our report does not include the data you are looking for, you can contact our analysts and customize the segments. |
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