Getting a Handle on the Facilities Management Industry
The India facility management market stood at USD46.27 billion in 2022 and is forecast to grow at a CAGR of 14.84% by 2028. The growing number of organizations seeking to strengthen their positions in the India facility management market and increasing shift towards energy efficient buildings is anticipated to boost the India facility management market, as per a report by Techsci Research. Facility management companies are stepping up to provide maintenance and/or management services for commercial and industrial buildings. However, the scope of provided services varies widely, from daily maintenance tasks to the implementation of sophisticated environmental management systems.
Over the years, Future of Facility Management has undergone a sea change as the emphasis grows on managing customer experiences as much as the safety and space efficiency. Be it a residential facility, retail or commercial. Traditionally restricted to housekeeping, FM companies today offer a host of services to provide holistic management of property assets and facilities. The facilities management field is a deliberately broad business category, encompassing a diverse range of multidisciplinary specialties and job functions.
Companies today prefer to deal with one entity rather than smaller individuals that do not provide all the required services under one umbrella. Per a recent report, the Indian facility management market attained a value of USD 16 billion in 2021, driven by the rising population, rapid urbanisation, and favourable government initiatives. With numerous players recognizing the opportunity in this domain, young startups have stepped up to provide reliable and high quality Facility Management services. We at siliconindia recongnized the budding market of Facility Management Startups, and taking note of this, in this edition, we have featured a list of ‘10 Most Promising Facility Management Startups - 2022’. This carefully curated list showcases some of the best startups who have successfully saved a spot for themselves in the competitive industry. We hope this list helps you in your future endeavours and we achieve our mission.
Your ideas are always welcome!
Over the years, Future of Facility Management has undergone a sea change as the emphasis grows on managing customer experiences as much as the safety and space efficiency. Be it a residential facility, retail or commercial. Traditionally restricted to housekeeping, FM companies today offer a host of services to provide holistic management of property assets and facilities. The facilities management field is a deliberately broad business category, encompassing a diverse range of multidisciplinary specialties and job functions.
Companies today prefer to deal with one entity rather than smaller individuals that do not provide all the required services under one umbrella. Per a recent report, the Indian facility management market attained a value of USD 16 billion in 2021, driven by the rising population, rapid urbanisation, and favourable government initiatives. With numerous players recognizing the opportunity in this domain, young startups have stepped up to provide reliable and high quality Facility Management services. We at siliconindia recongnized the budding market of Facility Management Startups, and taking note of this, in this edition, we have featured a list of ‘10 Most Promising Facility Management Startups - 2022’. This carefully curated list showcases some of the best startups who have successfully saved a spot for themselves in the competitive industry. We hope this list helps you in your future endeavours and we achieve our mission.
Your ideas are always welcome!
