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Home automation, the next level of automation, is seen in India as a comfort technology. However, home automation products are quickly becoming more accessible and affordable. This market insight provides an overview of the home automation market in India. Topics covered include market drivers and restraints, an analysis of the residential construc...

Artificial intelligence (AI) is rapidly reshaping the priorities and operations of Indian enterprises. This Frost & Sullivan report provides a comprehensive analysis of AI adoption and deployment, drawing on survey data from IT and business decision makers across a range of industries. The analysis examines the current state of AI implementation in...

Endpoint security has become an important building block of a mature cybersecurity framework. Its significance has increased during the ongoing COVID-19 pandemic as enterprises have had to shift their entire employee bases to work from home during the nationwide lockdown. Cybercriminals have identified security gaps in endpoints and started exploit...

The market for Energy Performance Contracting (EPC) for buildings in the United Arab Emirates (UAE) and the Kingdom of Saudi Arabia (KSA) is in early stages of development. However, both countries are making significant progress in not only diversifying their economies toward lesser dependence on oil but also toward more environmental sustainabilit...

With rapid advances in AI and cloud technology, the global facilities management (FM) market has transformed significantly in recent years. In order to cope with this transformation, the market is witnessing various mergers and acquisitions. The single services or services in bundles traditionally offered by FM companies have now been replaced by t...

Vehicle leasing is seen as a solution to the growing problems faced by companies for their mobility needs, including vehicle funding, fleet maintenance and, more importantly, residual risk handling. Businesses in the present market conditions are focused on their core products/services and would like to outsource all other support activities. Mobil...

The rise in residential and commercial construction projects, along with the high growth from the tourism and hospitality industry, is creating demand for HVAC products in Sri Lanka. Sri Lanka allows total foreign ownership across several industries and imposes no restrictions on repatriation of earnings, fees, and capital. Supporting budgets and p...

20 Nov 2018  |  South Asia, Middle East & North Africa  |  Market Research

Indian Facility Management (FM) Services Market, Forecast to FY2023

Increasing Acceptance of Outsourcing Non-core Activities and Burgeoning Demand from Commercial and Industrial Clients will Contribute to the Growth of the FM Market in India

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The study aims to analyze and forecast the Indian facilities management (FM) market outlook for FY18-FY23. Professional FM services have now become a necessity for asset owners, as they not only help increase the life span of a building but also help owners meet international health and safety standards. Increased need to reduce operating costs of...

With an average real GDP growth of 6.4% between FY2026 and FY2030, India is on track to become the world’s third-largest economy by the end of this decade. This growth trajectory will be fueled by robust domestic consumption, a rising working-age population, digital transformation across key sectors, strong capital expenditure, and policy-driven ma...