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Cover Story
Ikshana Konnect: Elevating Facility Management with a Commitment to Excellence & Caring Approach
The Indian facility management market is poised for significant growth, projected at a CAGR of 14.84 percent, escalating from $46.27 billion in 2022 to $97.29 billion by 2028. This expansion is fueled by technology-driven solutions provided by facility management startups, addressing the escalating need for efficient management of physical spaces and assets. These startups underscore data-driven strategies, utilizing IoT sensors and advanced analytics to enhance predictive maintenance and operational efficiency. Sustainability, particularly energy efficiency and eco-friendly building practices, is gaining momentum. However, challenges such as substantial initial investments, integration complexities, regulatory compliance, and intense competition persist, necessitating trust-building...
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