Future of Facility Management in India
A Glimpse into Emerging Trends
Facility Management (FM) covers a wide range of tasks related to managing buildings, infrastructure, and coordinating workplaces efficiently. This system helps streamline processes and ensures standardised services for organisations.
This article explores the trajectory of Facility Management in India, highlighting emerging trends shaping its future landscape.
The Facility Management industry in India is on a growth trajectory, with its market size estimated at USD 148.65 billion in 2024 and expected to reach USD 212.12 billion by 2029, growing steadily at a rate of 7.37% during this forecast period.
The popularity of FM in India is rising due to factors such as rapid urban development, a thriving construction sector, increasing focus on green buildings, and a growing awareness of the benefits of outsourcing non-core business activities.
India is one of the largest markets for outsourced FM services, with local companies focusing on individual contracts and global vendors providing integrated solutions. With the changing landscape, there's a trend towards innovatively combining facility management and corporate real estate. In the public sector, there is a drive to reduce costs and streamline operations, leading to an increase in bundled service contracts. However, the COVID-19 pandemic had a mixed impact on FM companies in India.
In 2024, facility management is poised to undergo a transformative shift with the integration of Artificial Intelligence (AI) and the Internet of Things (IoT). This convergence will enable real-time data access, proactive decision-making, and predictive maintenance, enhancing operational efficiency and cost-effectiveness. By embracing AI and IoT, facilities will become smarter, more connected, and sustainable, enriching the user experience.
In 2024, sustainability will be a top priority in facility management. Organisations are implementing eco-friendly practices such as energy-efficient lighting, water conservation, waste management, and renewable energy sources.
Eco-Friendly Evolution
By prioritising sustainability, facility managers can reduce carbon footprints, lower operating costs, and enhance their reputations as environmentally responsible entities. This shift towards eco-friendly practices underscores a commitment to a greener future and aligns with broader sustainability goals.
Data analytics assumes a pivotal role in streamlining facility management processes, emphasising efficiency and optimisation. It will revolutionise facility management by leveraging IoT data to enhance efficiency. With the help of data analytics, managers can extract insights from energy usage, equipment performance, and occupancy patterns, optimising operations and resource allocation. Moreover, predictive analytics enables proactive maintenance, minimising downtime. Additionally, space utilisation is optimised through strategic decision-making. Overall, data analytics will drive energy savings and operational efficacy, elevating facility performance.
In today’s technical-driven world, enhancing security is a top priority for facility management, with a focus on advanced technologies. In the face of increasing threats, safeguarding assets, occupants, and sensitive information is paramount. Biometrics, facial recognition, access control systems, and video analytics are key tools in strengthening security measures.
Advanced Security Technologies
Moreover, biometric authentication offers heightened security compared to traditional methods like key cards or passwords, while facial recognition technology minimises the risk of unauthorised access. Additionally, video analytics, powered by AI, can swiftly detect suspicious activities in real time, enabling prompt responses to security threats. By leveraging these advanced technologies, facility managers can create secure environments and mitigate risks effectively, making safety a priority in facility management practices.
The shift towards flexible work arrangements, including remote work and hot-desking, has profound implications for facility management. Facility managers are tasked with creating adaptable workspaces that can accommodate varying work styles and preferences while maximising space utilisation and productivity. This may involve implementing modular furniture, flexible layout designs, and collaborative spaces equipped with the latest technology to facilitate collaboration and communication among remote and on-site workers.
In conclusion, the future of Facility Management in India is characterised by innovation, sustainability, and adaptability. By embracing emerging trends and overcoming challenges, FM practitioners can drive efficiency, enhance user experiences, and contribute towards a greener, safer future. As India continues its trajectory of urbanisation and development, the role of FM becomes increasingly important in shaping the built environment and fostering sustainable growth.
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