DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Facility Management Services Market in India 2016-2020" report to their offering.
The FM services market in India is predicted to grow at a CAGR of 17.19% during the forecast period, owing to the developments in end-user industries and the need for a safe, comfortable, and professionally-maintained work environment. The presence of global and Indian MNCs across end-users drives the FM services segment in India. This is because they are the potential customers that have higher awareness levels, exposure to facilities, and a willingness to invest in facilities management services.
According to the report, demand from growing IT/ITES/BPO sector will be a key driver for market growth. The growth in BPO, IT, and ITES sectors has stimulated the demand for FM services in India. The country is the world's largest IT industry, accounting for approximately 65% of the global IT market. We expect the IT sector in India to grow at a rate of 12%-13% during FY2016-2017. Various hard services and soft services are required in most of the offices, resulting in a bright future for the FM services market. It is projected that by 2020, an additional 325 million sq. ft. of land in Tier I cities and 300 million sq. ft. of land in Tier II and III cities for office space would be created in the IT/ ITES industry.
Further, the report states that the subsequent challenge for the FM industry is to ensure that building facilities have cutting edge technologies that have a capability to evolve with time.
- Avon FMS
- Cushman & Wakefield
- Jones Lang LaSalle
- Knight Facilities Management
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by services
PART 07: Market segmentation by end-user
PART 08: Geographical segmentation
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
PART 15: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/4v649w/facility