The facility management services market share in India is expected to grow by USD 13.43 billion, accelerating at a CAGR of 14% during the forecast period. The rising levels of outsourcing in building management will offer immense growth opportunities to market vendors.
In addition, the impact of technology in managing building facilities is the primary facility management services market trend in India which will positively influence the market growth. However, employee attrition and training are the major hurdles for market vendors. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking
Facility Management Services Market Analysis in India 2021-2025: View the Free Sample Report
The market is fragmented due to the presence of several players. CBRE Group Inc., Cushman & Wakefield Plc, Jones Lang LaSalle Inc., OCS Group Ltd., Quess Corp. Ltd., SILA Group, SMS Integrated Facility Services Pvt. Ltd., Sodexo Group, Tenon Facility Management India Pvt Ltd, and Updater Services Pvt. Ltd. are some of the major facility management services market vendors in India.
To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Download the Free PDF Sample Report
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