Albany, NY -- (SBWIRE) -- 12/22/2016 -- 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. Among end-users, IT/ ITES/ BFSI contributes more than 21% of revenue generated by the FM services market due to the recent boom and investment in the segment. Other sectors like healthcare, retail, manufacturing, and infrastructure are also gaining momentum because growth is stemming from increased investments and initiatives undertaken by the Government of India.

The facilities management services market in India to grow at a CAGR of 17.19% during the period 2016-2020. The report covers the present scenario and the growth prospects of the facilities management services market in India for 2016-2020. To calculate the market size, the report considers the FM services in India has been segmented into service types, end-users, and geographical regions.

The market is divided into the following segments based on geography:

- Bangalore
- Chennai
- Delhi-NCR
- Hyderabad
- Mumbai and Pune
- Others (Kolkata, Ahmedabad, Chandigarh, Coimbatore, Visakhapatnam, and Bhubaneshwar)

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Technavio's report, Facilities Management Services Market in India 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

- Avon FMS
- CBRE
- Cushman & Wakefield
- Jones Lang LaSalle
- Knight Facilities Management
- UDS

Other prominent vendors

- Atkins
- Impressions Services
- ISS
- Nouvel
- Sodexo

Market driver

- Demand from growing IT/ITES/BPO sector
- For a full, detailed list, view our report

Market challenge

- Highly fragmented industry with large unorganized segment
- For a full, detailed list, view our report

Market trend

- Surge in international contracts
- For a full, detailed list, view our report

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Key questions answered in this report

- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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