Infrastructure Market Growth

Growing demand for outsourcing facility management services and rising inclination toward building automation and incorporation of building automation are expected to drive the India facility management market. According to TechSci Research report,  “ India Facility Management Market- By Region, Competition, Forecast & Opportunities, FY2017-FY2027 ”,  the India facility management market is anticipated to grow at a CAGR of 14.84% in the forecast period, 2023-2028, to reach USD97.29 billion by 2028. The rise in the efforts by the leading authorities to develop smart cities in the country to enhance the living standards of citizens and the growing focus of employers on ensuring employees' safety and health at the workplace drive the demand for the India facility management market. The development of smart cities in the country fuels the need for high-end technological infrastructure, comprehensive IT infrastructure, and a network of sensors, wireless devices, and cameras to ...