- The Facilities Management Services Market in India 2014-2018 is expected to grow at a CAGR of 31.17 percent during the forecast period of 2013-2018.
London, 08 October 2014: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Facilities Management Services Market in India 2014-2018. . The emergence of integrated facilities management services is one major trend upcoming in this market. The concept of availing integrated facilities management is increasingly gaining popularity among organizations across India. The provision of both hard and soft services by a single vendor makes it easy for customers to manage and resolve any issues related to facilities management.
Facility management services refer to the usage of third-party service providers for the maintenance of a building or facility. It comprises hard services or building operation and maintenance as well as soft services or support services, and energy management services.
“Facility management services is gaining huge acceptance among customers in the Commercial sector because it helps companies in the hassle-free management of their facilities in a professional manner,” says Faisal Ghaus, Vice President of TechNavio Research.
“Many commercial complexes are being constructed, including offices, business centers, and manufacturing units. This has resulted in a huge demand for facilities management services across various verticals.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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