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

RELEASE DATE
12-Jun-2020
REGION
South Asia, Middle East & North Africa
Research Code: PB15-01-00-00-00
SKU: ES01155-SA-MO_24477

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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.
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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)

Related Research
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 23.4Percentage 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.--BEGIN PROMO--

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

More Information
No Index No
Podcast No
Author Rajkumar Elilarasu
Industries Electronics and Sensors
WIP Number PB15-01-00-00-00
Is Prebook No
GPS Codes 9343-A4