13.76% CAGR in India’s Facilities Management Services Market | Technavio | State

0

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).

Request a free sample report to explore growth opportunities in the Facilities Management Services market in India.

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.

Subscribe to our “Lite Plan” billed annually on $3000 to view 3 reports per month and download 3 reports per year.

Related reports:

  • Facilities Management Services Market in Middle East: The facility management services market in Middle East has been segmented by service (soft service and hard service) and by geography (Saudi Arabiathe bucket, Qatar, Bahrainand the rest of Middle East ). Download a free sample report
  • Ballast Water Management Market: The ballast water management market has been segmented by technology (physical disinfection, chemical method and mechanical method) and geography (APAC, Europe, North AmericaAME and South America). Download a free sample report

Scope of the Facilities Management Services Market in India

Report cover

Details

Page number

120

Year of reference

2020

Forecast period

2021-2025

Growth momentum and CAGR

Accelerate at a CAGR of 13.76%

Market Growth 2021-2025

$13.43 billion

Market structure

Fragmented

Annual growth (%)

11.14

Regional analysis

India

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

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.

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

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

About Us

Technavio is a global leader in technology research and consulting. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s reporting library consists of over 17,000 reports and counts, spanning 800 technologies, spanning 50 countries. Their customer base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research, and actionable market intelligence to identify opportunities in existing markets and potentials and assess their competitive positions in changing market scenarios.

Contact

Technavio Research

Jesse Maida

Media & Marketing Manager

USA: +1 844 364 1100

UK: +44 203 893 3200

Email: [email protected]

Website: www.technavio.com/

See original content to download multimedia: https://www.prnewswire.com/news-releases/13-76-cagr-in-facility-management-services-market-in-indiatechnavio-301411813.html

SOURCETechnavio

Share.

Comments are closed.