India Facilities Management Industry Outlook, 2020
India Facilities Management Industry Outlook, 2020
The Facilities Management Market in India is Going Through a Major Transformation, Driven by Technological Innovation, New Business Models, and New Service Offerings
12-Jun-2020
South Asia, Middle East & North Africa
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Description
Professional FM services have now become a necessity for asset owners, as they not only help increase the lifespan of a building but also help owners meet international health and safety standards. The increased need to reduce operating costs of facilities and buildings of end-user segments and increasing demand for energy conservation and optimum usage of building solutions is fuelling the growth of the FM market in India. The shortage of skilled manpower for services that require technical expertise is a challenge for the service providers in the market.
This industry study on FM services in India offers the most up-to-date market data on the actual market situation by service types (hard and soft services) and by key end-user segments (residential, commercial, industrial, government and infrastructure, and educational institutions). The research service covers the market landscape and its growth prospects for the coming years. The study also includes a discussion of the key companies operating in this market.
The research includes market data from FY19 to FY24 which gives the future outlook for the FM services market in India and makes the study an invaluable resource for industry executives, marketing, sales, and product managers, analysts, and others looking for key industry data in readily accessible and clearly presented tables and graphs.
The study also provides analysis of data related to the FM market from the 4 regions of India: North, South, East, and West.
Growing awareness levels, increasing acceptance of outsourcing non-core activities, adoption of technology and burgeoning demand from retail, offices, and industrial clients have together contributed to the growing demand for FM services in India.
The technology trends discussed in this study are Internet of Things (IoT) and Big Data analytics, building information modeling (BIM) usage in facility management, cloud solutions, drones, artificial intelligence (AI) and robots, and green FM services.
Using environment-friendly solutions and reducing the energy consumption through sustainable strategies to improve building efficiency are key areas for FM companies that they have started focusing on. Similarly, remote data management of building management systems and data analysis are gaining popularity and are expected to provide growth opportunities for FM companies.
Cumulative market revenue for FM services is expected to grow at a CAGR of 23.4% from FY2019 to FY2024. FM companies can gain a competitive advantage by focusing on energy management services. Integrated facility management (IFM) service contracts between vendors and end users will become a major trend.
Research Scope
- Market Type: Soft service and hard service
- End-user Segment: Residential, commercial, industrial, government, infrastructure, and others
- Geographic Scope: North, South, East and West
- Study Period: FY19–FY24
- Forecast Period: FY20–FY24
Key Issues Addressed
- How is the market for FM services expected to grow in the future and at what rate?
- How has the market been classified in terms of services? What are the industry and competitive structures like?
- Which types of service markets have potential as targets that could bring sustainable growth?
- Which type of end-user segments have higher market share, and which segments are expected to provide large opportunities in the future?
- What are the key market trends and technology trends?
- What are the key regulations for the facility management industry in India?
Author: Rajkumar Elilarasu
RESEARCH: INFOGRAPHIC
This infographic presents a brief overview of the research, and highlights the key topics discussed in it.Click image to view it in full size
Table of Contents
Top Predictions for 2020
Top Market Trends for 2020
Top Technology Trends for 2020
Key Findings
Key Findings (continued)
India FM Market—FY2019 and FY2024
India FM Market—Split by Categories
Research Scope and Segmentation
Market Definition
Market Segmentation
Market Segmentation (continued)
Global FM Market—FY2019 and FY2024
Global FM Market—Growth Outlook
Global FM Market—Regional Outlook
India Facility Management Market—Key Market Trends
Market Trend 1—Consolidation in the FM Industry
Market Trend 2—Demand for IFM Services
Market Trend 3—Energy Efficiency in FM
Market Trend 4—FM Companies to Meet Stringent Quality Standards
Market Trend 5—Specialized Cleaning Services
Key Trends in 2020 Facility Management Services—Technology Adoption
Trend 1—IoT and Big Data Analytics
Trend 1—IoT and Big Data Analytics (continued)
Trend 2—BIM With Facility Management Service
Trend 2—BIM With Facility Management Service (continued)
Trend 3—Cloud Solutions
Trend 3—Cloud Solutions (continued)
Trend 4—Drone Technology
Trend 4—Drone Technology (continued)
Trend 5—AI and Robots
Trend 5—AI and Robots (continued)
Trend 6—Sustainability and Green FM Services
Trend 6—Sustainability and Green FM Services (continued)
Impact of Macroeconomic Indicators
Residential Sector Outlook
Commercial Sector Outlook
Hospitality Sector Outlook
Retail Sector Outlook
Revenue Forecast by Sector
Revenue by Sector—Outlook
Revenue Forecast by Types of Service
Hard and Soft Service—Outlook
Revenue Forecast by Region
Region—Outlook
Revenue Forecast
Soft Services by Service Lines
Revenue Forecast
Hard Services by Service Lines
India Facility Management—Market Structure
India FM Market by Competition, FY2019—A Snapshot
India FM Market—Competitive Landscape
Regulations in Facility Management
Regulations in Facility Management (continued)
Growth Opportunity 1—Green Concepts in FM
Growth Opportunity 2—Technical Innovations
Growth Opportunity 3—Importance of Energy Management
Growth Opportunity 4—Remote Monitoring System
Growth Opportunity 5—Rise of the Residential Segment
5 Major Growth Opportunities
Top 5 Technologies Driving Service Innovation in Indian FM Market
Strategic Imperatives for Success and Growth
Key Conclusions and Future Outlook
Abbreviations and Acronyms Used
Market Engineering Methodology
Legal Disclaimer
List of Exhibits
List of Exhibits (continued)
List of Exhibits (continued)
Popular Topics
Research Scope
- Market Type: Soft service and hard service
- End-user Segment: Residential, commercial, industrial, government, infrastructure, and others
- Geographic Scope: North, South, East and West
- Study Period: FY19–FY24
- Forecast Period: FY20–FY24
Key Issues Addressed
- How is the market for FM services expected to grow in the future and at what rate?
- How has the market been classified in terms of services? What are the industry and competitive structures like?
- Which types of service markets have potential as targets that could bring sustainable growth?
- Which type of end-user segments have higher market share, and which segments are expected to provide large opportunities in the future?
- What are the key market trends and technology trends?
- What are the key regulations for the facility management industry in India?
Author: Rajkumar Elilarasu
No Index | No |
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Podcast | No |
Author | Rajkumar Elilarasu |
Industries | Electronics and Sensors |
WIP Number | PB15-01-00-00-00 |
Is Prebook | No |
GPS Codes | 9343-A4 |