Facility management is an organizational function that enhances the quality of life and improves the productivity of the core business by integrating people, place, process and technology within the facility. It involves the maintenance of property, buildings, equipment and optimization of inventory and other operational elements.

The facility management market in India has witnessed a strong growth over the recent decades. With majority of the market yet to be tapped, facility management companies in India need to expand their business and reach out to more companies. The facility management industry in India is expected to register an incremental growth close to USD 20 billion by 2025 and grow at a CAGR of nearly 18%. The development of SEZ’s and mega food parks is expected to be the prime factor responsible for the high growth rate. The facility management services are outsourced services and are primarily preferred by companies in the IT, ITES, BPO, and BFSI, manufacturing, infrastructure, healthcare, retail, education, and government sectors.

To reap the benefits of this prospering industry, facility management companies in India are adding value to their services by integrating technologies such as automation, artificial intelligence and data monitoring.