Latest News- Facility Management Services Market in India: Soft services is expected to lead the Service segment during 2025-2029

The Facility Management Services Market in India is being driven by Rising levels of outsourcing in building management

The Facility Management Services Market in India is expected to grow at a CAGR of 20.5% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 31.5 billion. In the Facility Management Services Market in India, technological advancements are set to revolutionize the industry, offering significant opportunities for companies to enhance their operations and service delivery. The integration of modern technologies such as smart security surveillance systems, intelligent building control systems, and advanced robotics will enable providers to optimize costs, enhance quality, and reduce response times. Failure to adapt to these technological advancements may result in a competitive disadvantage. Thus, it is imperative for companies to embrace technological evolution and leverage its potential to remain competitive and deliver superior value to clients. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Service
  • Soft services
  • Hard services
• End-user
  • IIBB
  • Manufacturing
  • Infrastructure
  • Healthcare
  • Others
• Type
  • Fixed-term
  • On-demand
• Geography
  • India

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rising levels of outsourcing in building management
• Development of SEZs and mega food parks
• Focus on smart cities

However, the market also witnesses some limitations, which are as follows:

• Regulatory and compliance issues
• Employee attrition and training
• Slow adoption of new technologies

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Market Scope in Facility Management Services Market in India Research Report

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Research Analysis Overview

In India's Facility Management Services Market, manufacturing services focus on processes involving digital manufacturing technologies in design, servicing, and maintenance of final products. Product managers oversee the product life cycle from production lines, utilizing resources and value chain management for customer satisfaction. Smart factories integrate operations technology and information technology for digital transformation, enhancing product innovation through real-time feedback from smart machines, sensors, and tooling. Sourcing and engineering design are also crucial elements in this dynamic industry.

Market Research Overview

The Facility Management Services Market in India is witnessing significant growth, driven by the adoption of advanced manufacturing processes and digital manufacturing technologies. Companies are investing in design and servicing to optimize manufacturing decision-making, reduce costs, and accelerate time to market. Digital modeling and simulating processes are increasingly being used to enhance efficiency and improve final product quality. The integration of sustainability and environmental considerations into manufacturing operations is also a key trend, with a growing emphasis on waste reduction and pollution control. These factors collectively contribute to the expansion of the Facility Management Services Market in India.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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