India Facilities Management Services Market 13.76% CAGR | Technavio

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NEW YORK, November 4, 2021 / PRNewswire / – The market for facility management services 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 through 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).

Attractive Opportunities in India Facilities Management Services Market

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The facility management services market in India The report offers a comprehensive analysis of the strategies adopted by the vendors and the trends, drivers and challenges affecting the market size. The impact of technology in the management of building facilities is expected to positively impact the growth of the facility management services market in India during the forecast period.

The facility management services market in India covers the following areas:

Facilities Management Services Market India Sizing
Facilities Management Services Market India Provide
Facilities Management Services Market India To analyse

Market challenges

The facility management services market in India faces the following challenges:

  • Attrition and employee 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 is hampering the growth of the market. As a result, suppliers have to provide training to their employees, which is a major challenge. In addition, the reluctance of suppliers to invest in retaining their existing workforce results in high attrition.

  • Very fragmented market: Since there are several local providers in the facility management services market in India, the market is very fragmented. Unorganized providers who 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 by India is slow due to the predominance of unorganized salespeople. 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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Associated reports:

  • Facilities Management Services Market in Middle East: The facility management services market in Middle East was segmented by service (soft serve and hard serve) and by geography (Saudi Arabia, the United Arab Emirates, Qatar, Bahrain, and 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 America, MEA and South America). Download a free sample report

Scope of the Facilities Management Services Market in India

Cover of the report

Details

Page number

120

Year of reference

2020

Forecast period

2021-2025

Growth dynamics and CAGR

Accelerate to 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, reach 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 Obstacles, Analysis of Fast and Slow Growing Segments, Impact of COVID-19 and Future Consumer Dynamics, Analysis of Market Conditions for the Forecast Period

Customization

If our report didn’t include the data you’re looking for, you can reach out to our analysts and customize the segments.

About Us
Technavio is one of the world’s leading technology research and consulting companies. 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 report library includes over 17,000 and more reports, spanning 800 technologies, spanning 50 countries. Their customer base consists of companies 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.

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