Mkt

2022 - 10 - 18

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Image courtesy of "bizzbuzz"

Facility management mkt to grow at CAGR of 20% in next 5 yrs: SILA (bizzbuzz)

The addressable market size of organized facility management sector alone is constantly growing โ€“ driven by growth in IT, real estate, mfg and logistics ...

We strongly believe in the power of education, and our endeavor is to make education accessible to as many families as we can via our foundation. The Indian facility management services market is expected to grow at a CAGR of 20 per cent over the next 5 years. As the country develops, the balance between the unorganized to the organized players will flip, resulting in large opportunities and consolidation of the service provider/supply side. Commercial offices and IT parks in Bangalore, Chennai and Hyderabad contribute to a majority of the market share. The addressable market size of the organized facility management sector alone is constantly growing โ€“ driven by the growth in the IT, real estate, and the manufacturing and logistics sectors," says Raghav Kapur, vice-president, SILA, in an exclusive interview with Bizz Buzz "The Indian facility management services market is expected to grow at a CAGR of 20 per cent over the next 5 years.

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