The India facility management market size is expected to exhibit a growth rate (CAGR) of 11.56% during 2024-2032.
Report Attribute
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Key Statistics
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Base Year
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2023
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Forecast Years
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2024-2032
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Historical Years
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2018-2023
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Market Growth Rate (2024-2032) | 11.56% |
Facility management (FM) refers to tools and services that help ensure the comfort, safety, efficiency, functionality, and sustainability of buildings, grounds, infrastructure, and real estate. It includes maintenance and operations, energy management, occupancy and space management, capital project planning and management, lease administration and accounting, and emergency management and business continuity. It relies on the Internet of Things (IoT) sensors, Wi-Fi, meters, gauges, intelligent devices, analytics, and artificial intelligence (AI) to deliver cognitive capabilities, achieve real-time visibility, perform predictive facilities maintenance, and offer more productive and cost-efficient environments. Presently, due to the increasing urban development, FM services are being used in the commercial and residential sectors of India.
Significant growth in the real estate sector on account of shifting preferences towards a safe, clean, and secure environment represents one of the primary factors bolstering the market growth in India. Additionally, the emerging concept of Green Building, along with the enactment of the Real Estate (Regulation and Development) Act (RERA) 2016, which protects home buyers and helps boost the real estate sector, is stimulating market growth. With the booming information technology (IT) sector and the growing popularity of e-commerce platforms, the overall need for infrastructure and organized spaces is increasing, which is also influencing the market positively. Apart from this, several companies are utilizing AI and IoT technologies to automate FM services for energy efficiency audits. Moreover, the Government of India has launched the Smart Cities Mission to promote sustainable and inclusive cities. This has resulted in increasing investments in the infrastructure sector, which has further created a need for professional FM services. Furthermore, the post-pandemic rising emphasis on hybrid workspaces and return-to-the-workplace strategies is anticipated to augment the demand for FM services to maintain safety, health, and productivity in the country.
IMARC Group provides an analysis of the key trends in each sub-segment of the India facility management market report, along with forecasts at the country and regional levels from 2024-2032. Our report has categorized the market based on solution, service, deployment type, organization size and vertical.
Breakup by Solution:
Breakup by Service:
Breakup by Deployment Type:
Breakup by Organization Size:
Breakup by Vertical:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Report Features | Details |
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Base Year of the Analysis | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Units | US$ Billion |
Segment Coverage | Solution, Service, Deployment Type, Organization Size, Vertical, Region |
Region Covered | North India, West and Central India, South India, East India |
Customization Scope | 10% Free Customization |
Report Price and Purchase Option | Single User License: US$ 2699 Five User License: US$ 3699 Corporate License: US$ 4699 |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
We expect the India facility management market to exhibit a CAGR of 11.56% during 2024-2032.
The increasing integration of facility management system with IoT sensors, Wi-Fi, AI, etc., to deliver cognitive capabilities, achieve real-time visibility, perform predictive facilities maintenance, and offer more productive and cost-efficient environment, is primarily the India facility management market.
The sudden outbreak of the COVID-19 pandemic has led to the rising adoption of facility management system across the nation for automating numerous operations, limiting the workforce, ensuring the availability of essentials tools to maximize productivity, improving asset tracking, etc.
Based on the solution, the India facility management market has been segmented into integrated workplace management system, facility operations and security management, building information modeling, facility property management, and facility environment management. Among these, integrated workplace management system currently exhibits a clear dominance in the market.
Based on the deployment type, the India facility management market can be categorized into on-premises and cloud-based. Currently, cloud-based accounts for the majority of the total market share.
Based on the organization size, the India facility management market has been segregated into small and medium size enterprises and large enterprises, where large enterprises currently hold the largest market share.
Based on the vertical, the India facility management market can be bifurcated into banking, financial services and insurance, IT and telecom, government and public administration, healthcare, education, retail, energy and utilities, and others. Currently, the healthcare sector exhibits a clear dominance in the market.
On a regional level, the market has been classified into North India, West and Central India, South India, and East India, where West and Central India currently dominates the India facility management market.