Dublin, Jan. 22, 2021 (GLOBE NEWSWIRE) — The “India Facilities Management Industry Outlook, 2020” report has been added to ResearchAndMarkets.com’s offering.
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.
India Facilities Management Industry Outlook, 2020 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 an 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 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.
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?
Key Topics Covered
1. Executive Summary
Top Predictions for 2020
Top Market Trends for 2020
Top Technology Trends for 2020
India FM Market – FY2019 and FY2024
India FM Market – Split by Categories
2. Research Scope and Segmentation
3. Facility Management Market – Global Market
Global FM Market – FY2019 and FY2024
Global FM Market – Growth Outlook
Global FM Market – Regional Outlook
4. India Facility Management Market – Key Market Trends
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
5. India Facility Management Market – Key Technology Trends
Key Trends in 2020 Facility Management Services – Technology Adoption
Trend 1 – IoT and Big Data Analytics
Trend 2 – BIM With Facility Management Service
Trend 3 – Cloud Solutions
Trend 4 – Drone Technology
Trend 5 – AI and Robots
Trend 6 – Sustainability and Green FM Services
6. India Construction Market Trends
Impact of Macroeconomic Indicators
Residential Sector Outlook
Commercial Sector Outlook
Hospitality Sector Outlook
Retail Sector Outlook
7. India Facility Management Market – Key Segment 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
8. Soft Services Segment
9. Hard Services Segment
10. India Facility Management Market – Competitive Landscape
India Facility Management – Market Structure
India FM Market by Competition, FY2019 – A Snapshot
India FM Market – Competitive Landscape
11. Regulations for Facility Management Industry in India
12. Growth Opportunities and Companies to Action
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
13. Key Conclusions
For more information about this report visit https://www.researchandmarkets.com/r/1wragb
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