Due to the growing integration of facility management in building design for managing and controlling the facilities is likely to open huge opportunities for the Saudi Arabia Facility Management Market through forecast period.

According to TechSci Research report, “Saudi Arabia Facility Management Market, By Region, By Company, Forecast & Opportunities, 2017- 2027F”, the Saudi Arabia facility management market stood at USD23.30 billion in 2021 and is expected to register a CAGR of 6.97% in the forecast period, 2023-2027, to reach USD34.97 billion by 2027. The market is driven by the growing focus of leading authorities on the development of smart cities and the increased focus on improving the existing facility management services. The government of Saudi Arabia has started promoting environment-friendly alternatives to lower carbon emissions into the environment and minimize energy consumption. Saudi Arabia is encouraging the construction of green buildings by making high-end investments towards the construction of green buildings. Leadership in Energy and Environmental Design (LEED) certified green building projects had been filed in the country. It requires the facility management service providers as it needs to incorporate smart building solutions in green buildings. Also, the growing popularity of the internet of things (IoT), digital transformation and the massive demand for outsourcing facility management solutions are the other factors expected to accelerate the growth of Saudi Arabia facility management market over the next five years.

However, the lack of trained professionals may restrain the growth of the Saudi Arabia facility management market through the forecast period.

Browse over 43 market data Figures spread through 116 Pages and an in-depth TOC on "Saudi Arabia Facility Management Market"

https://www.techsciresearch.co....m/report/saudi-arabi

Saudi Arabia facility management market is segmented into service, end user, type, industry, regional distribution, and competitive landscape.

Based on service, the market is divided into property, cleaning, security, support, catering & others. Property management services dominated the market in 2021 and held 33.37% of the overall market share. It is expected to maintain its dominance over the next five years. Rapidly growing industrial and commercial sectors of the country and the increased expenditure capacity of the consumers are driving the demand for property management services. Other factors, such as easy finance availability and favorable government policies, also accelerate the market demand.

Based on the end user, the market is divided into commercial, residential, and industrial. Commercial led the market in 2021 and captured 41.24% of the overall market share. It is expected to witness the highest CAGR of 8.11% in the forecast period, 2023-2027. As a part of Saudi Vision 2030, the government allocated USD425 billion for infrastructure development, including the growth of energy, mining, and the industrial and commercial sector of the country. Also, the upcoming projects such as The Kingdom Tower in Jeddah are expected to fuel the demand for the Saudi Arabia facility management market in the forecast period. Click : https://www.techsciresearch.co....m/report/saudi-arabi

Rise in renovation and construction activities and government's spending on infrastructure projects are expected to drive the growth of the India cement market.

According to TechSci Research report, “India Cement Market -By Region, Competition, Forecast & Opportunities, 2028” India cement market is projected to grow at CAGR of 8.98% through 2028 to reach USD 43037.44 million by 2028.The Cement/concrete is the second-most-utilized product in the world after potable water. Based on application, residential is likely to dominate the market due to affordable housing schemes such as the Pradhan Mantri Awas Yojana (PMAY) with the market share of 50.01%. Based on type, India cement market is dominated by Ordinary Portland Cement (OPC) with a market share of 56.76% in 2022.

As estimated, more than 270 million people will be added to India's urban population by 2040. Even with such rapid urbanization on a massive scale, the proportion of India's population living in cities is anticipated to be less than 50% by 2040. Urbanization is driving a tremendous rise in total residential floor area, from less than 20 billion square meters today to more than 50 billion square meters in the next two decades.



India's economy is primarily reliant on the infrastructure sector. India's total economy depends on this industry. The infrastructure sector includes the construction of motorways, bridges, dams, power plants, and other types of urban infrastructure. The infrastructure industry is now the focus of the Indian government. India plans to invest USD1.4 trillion in infrastructure to safeguard the nation's long-term prosperity between 2019 to 2023. The government wants to spend USD 750 billion on rail projects between 2018 to 2030.
Click : https://www.techsciresearch.co....m/report/india-cemen

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