Industry Highlights

Navigating Change: The Evolving Landscape of Smart Workplace Facilities

  • India’s Corporate Sector Growth
    Global Capability Centers (GCCs) are projected to lease 40-45% of total office space in India this financial year, according to CBRE. By 2025, over 1,900 GCCs are expected to support a talent pool of over 2 million, leasing approximately 45-50 million square feet of office space—about 40% of total demand across the top six cities.
  • Co-working Spaces on the Rise
    India’s co-working market is estimated at $1.94 billion in 2024 and is projected to grow to $2.72 billion by 2029. This trend is gaining traction not only in major metros like Delhi, Mumbai, and Bengaluru but also in tier 2 and tier 3 cities, reflecting a broader acceptance of flexible work arrangements.
  • Office Furniture Market
    The office furniture market in India reached $5.2 billion in 2023 and is expected to double by 2032. This growth is driven by demand for collaborative and adaptable solutions, including height-adjustable desks, ergonomic chairs, and open-plan layouts.
  • Energy Efficiency & Smart Building Systems
    The Intelligent Building Management Systems market is projected to grow at a CAGR of 18.5% from 2022 to 2027, reaching $22.4 billion by 2027.
  • Facility Management Growth
    • Valued at $27.72 billion in 2024.
    • Expected to grow at a CAGR of 13.87% through 2030.
    • Emphasizes the importance of effective facility management for enhanced operational efficiency. 
  • Office Technology Growth
    • Projected to reach $25 billion in IT products (laptops, servers, cloud systems) in 3 years.
    • Growth driven by hybrid work models, cloud computing, and workplace automation.
  • IoT Market Expansion
    • Expected to grow at a CAGR of 12.17% from 2024 to 2032.
    • Driven by initiatives like Smart Cities and Digital India.
    • Adoption of IoT solutions (automated security, energy management) is transforming offices into smart, sustainable environments.
  • Sustainability Initiatives
    • Increased adoption of renewable energy and energy-efficient systems.
    • Building Energy Management Systems (BEMS) market projected to more than double by 2027, providing significant cost savings and environmental benefits.

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KEY FOCUS AREAS

› Smart Building Technologies

› Flexible & Collaborative Workspaces

› Office Design and Innovation

› Technology Integration

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