India Building Management System Market revenue is projected to grow at a CAGR of 11.6% during 2024-2030F

Managed services sector by Service held the highest revenue share of India Building Management System Market -6Wresearch

In 2023, managed services secured the highest revenue share by significantly reducing operational costs through the elimination of in-house resource needs, infrastructure, and technology investments. Furthermore, managed service providers deliver specialized expertise, enabling clients to access industry best practices and advanced technologies, which ultimately drives the growth of managed services.

According to 6Wresearch, India Building Management System Market revenue is projected to grow at a CAGR of 11.6% during 2024-2030F. The India Building Management System (BMS) market has witnessed growth in past years primarily driven by an increasing focus on energy efficiency and the integration of smart infrastructure across key sectors, including commercial real estate, smart cities, and industrial facilities. For, Instance the commercial real estate sector has emerged as a significant catalyst, supported by annual investments surpassing USD 14 billion and the development of over 25 million square feet of Grade-A office space across the country. Additionally, the government’s Smart Cities Mission, with a total funding of USD 30 billion by 2023, has incorporated advanced BMS solutions across more than 100 cities, promoting smart urban development.

Further, the Energy Conservation Building Code (ECBC) regulations introduced in 2022 have accelerated the adoption of energy-efficient systems, making BMS solutions a critical component for compliance. The hospitality sector alone is expected to see the addition of over 2,000 new hotels between 2023 and 2027, while the healthcare industry is set to expand by USD 8 billion during the same period, as hospitals increasingly upgrade to smart facility management systems. Moreover, substantial investments by industry giants such as Reliance Industries’ USD 8 billion commitment to smart and green buildings (announced in 2022) and the Adani Group’s USD 2 billion investment in sustainable infrastructure (initiated in 2023) are further propelling the adoption of advanced BMS solutions. These developments are expected to drive robust demand for BMS in the coming years, solidifying its role as a cornerstone of India’s sustainable infrastructure evolution.

According to Shubham Deep, Senior Research Analyst, 6Wresearch, solutions have captured the largest revenue share in the BMS market in India due to the increasing demand for energy efficiency, enhanced automation capabilities, integration with IoT technologies, and the growing emphasis on sustainability in building operations, along with supportive government initiatives promoting smart infrastructure development.

India Building Management System Market (2024-2030) report provides an in-depth analysis with 15 figures and 11 tables, covered in 68 pages. The report thoroughly covers market by type, solution, services, and application. India Building Management System Market outlook report provides an unbiased and detailed analysis of the on-going India Building Management System Market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.