Facility Management Statistics

Facility Management Statistics 2023: Facts about Facility Management are important because they give you more context about what’s going on in the World in terms of Facility Management.

LLCBuddy editorial team scanned the web and collected all important Facility Management Statistics on this page. We proofread the data to make these as accurate as possible. We believe you don’t need to check any other resource on the web for Facility Management Facts; All are here only 🙂

Are you planning to form an LLC? Thus you need to know more about Facility Management? Maybe for study projects or business research or personal curiosity only, whatever it is – it’s always a good idea to know more about the most important Facility Management Statistics of 2023.

How much of an impact will Facility Management Statistics have on your day-to-day? or the day-to-day of your LLC Business? How much does it matter directly or indirectly? You should get answers to all your Facility Management related questions here.

Please read the page carefully and don’t miss any words.

Top Facility Management Statistics 2023

☰ Use “CTRL+F” to quickly find statistics. There are total 54 Facility Management Statistics on this page 🙂

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Facility Management “Latest” Statistics

• When it comes to facilities management, the U.S. Bureau of Labor Statistics reports that women hold just 25% of available jobs.^[1]
• Arrangement by gender, males make up 79.5% of facility managers, making them the more prevalent gender in the field.^[2]
• Black non-Hispanic people make up 8.85% of facility managers, making them the second most prevalent racial or ethnic group in this field of work.^[2]
• From 2016 through 2026, the U.S. Bureau of Labor Statistics predicts a 10% growth rate for jobs in facility management.^[3]
• According to a MicroStrategy survey, security is the top consideration for 27% of firms globally when selecting a data analytics solution.^[4]
• 70% of businesses use a mixed operating approach.^[4]
• 25% of remote employees, according to Buffer, struggle to disconnect when their workday is done.^[4]
• 97% of workers, according to a Buffer poll, desire the flexibility to work remotely at least sometimes.^[4]
• 60% of millennials, according to financial services firm Bankrate, prefer flexible employment arrangements to greater compensation.^[4]
• Before the epidemic, 30% of people worked remotely at least sometimes, compared to 48% presently.^[4]
• With a compound annual growth rate CAGR of 13.6%, worldwide investment in internet technology is anticipated to reach $1.2 trillion dollars by 2022.^[4]
• A priority for 60% of millennials is flexible employment.^[4]
• 84% of employees said that telework has made them happy.^[4]
• According to fortune business insights, the market for facilities management and other administrative services is anticipated to expand by 1.3% by the end of 2022 compared to 2021.^[4]
• According to data from service provider EY, more than 50% of respondents indicate they would be inclined to seek another job if their firm reduced that flexibility once again.^[4]
• The lack of proper assistance in the workplace, according to 63% of U.S. employees, prevents them from being totally involved in their job.^[4]
• According to a MicroStrategy survey, 63% of businesses employ data analytics to boost production and efficiency.^[4]
• According to an Owl Labs poll, 84% of those who telecommuted during the epidemic indicated they would be happy if they could do it again, at least sometimes.^[4]
• Intelligent technology may reduce energy bills by 20%.^[4]
• Data analytics security is crucial for 27% of businesses.^[4]
• By 2030, the U.S. Bureau of Labor Statistics anticipates that millennials will account for 75% of the workforce.^[4]
• Up to 20% of energy expenditures may be saved by using sensor technology to monitor energy use in office buildings.^[4]
• According to a survey by Global Workspace Analytics, the typical us firm saves more than $11,000 annually by having workers work remotely at least half the time.^[4]
• Large company workers utilize coworking spaces at a rate of 14%, and demand for flexible workspace is expected to come from these businesses to the tune of 40%.^[5]
• 45% of surveyed businesses plan to transition to activity-based workspaces to increase employee productivity.^[5]
• Office IoT devices are currently used by 48% of senior corporate real estate executives to collect data in support of business goals.^[5]
• White people make up 71.6% of facility managers, making them the majority race or ethnicity in the field.^[5]
• In addition to collecting rent, 80% of property managers are also responsible for overseeing or carrying out building upkeep.^[5]
• When given the option to choose their workstation depending on their present assignment, 88% of employees described themselves as being extremely engaged.^[5]
• For greater facilities or proptech, 90.3% of millennial respondents indicated they would or would consider paying more in rent.^[5]
• Millennials make up 40% of the whole housing market, and 90% of all millennials are renters, according to ParcelPending.^[5]
• Most U.S. professionals, or 80-90% of them, said they would want to be able to work remotely at least sometimes.^[5]
• Of all the major U.S. markets, Salt Lake City and San Antonio had the lowest resident retention rates at 46.3% in the year 2018.^[5]
• Facilities managers are employed in greater numbers by colleges, universities, and professional schools, including junior colleges (8.68%), and elementary and secondary schools (6.66%).^[5]
• Only 45% of institutions reported that employees had received MPDSR training in the previous year, indicating that staff development to maintain MPDSR practice had only partly been accomplished.^[5]
• To aid workers in navigating an agile work environment, 59% of CEOs intend to adopt mobile employee experience apps.^[5]
• Senior corporate real estate executives use technology to acquire more precise data to support their business goals in 48% of cases.^[5]
• Males make up 81.8% of facility managers, making them the more prevalent gender in the field.^[5]
• In 2019, the cost of renting increased in 66% of U.S. counties.^[5]
• Over 1 in 10 tenants were unable to pay their rent, with 89% of renters making their payment.^[5]
• The majority of facilities claimed to have given specific follow-up tasks to people with deadlines (79%).^[5]
• Only 39% of worldwide workers get a smartphone or laptop supplied by their workplace, compared to more than 80% who receive a desktop computer and landline phone.^[5]
• According to research, between 30 and 40% of all U.S. employees are now self-employed or connected to the gig economy in some form.^[5]
• From 2021 to 2031, the overall employment of administrative services and facilities managers are anticipated to increase by 7%, roughly as quickly as the national average for all professions.^[6]
• Many operators’ and facility managers’ bottom lines are being impacted by the 42% increase in commercial natural gas over the last two years.^[7]
• Through the pandemic, commodity prices have substantially risen, rising 20.6% year over year in march 20.22.^[7]
• With manufacturers starting to catch up to demand in late 2022 and supply chains substantially unclogged by late 2023, the rate of inflation is not anticipated to slow down until 2023.^[7]
• According to the Ministry of Energy, Saudi Arabia intends to spend USD 425 billion 16 trillion riyals on industrial and infrastructural projects over the next ten years.^[8]
• During the projection period of 2022–2022, the global facility market size is anticipated to develop at a CAGR of 5.7%, demonstrating moderate growth.29.^[8]
• Precedence research estimates that the size of the global facility management industry will surpass $1.9 trillion by 2030 and will increase at a CAGR of 4.7% between 2022 and 2030.^[9]
• About 30% of the worldwide facility management market in 2021 belongs to the real estate sector.^[9]
• Inefficient older buildings may save 30-50% by becoming a smart building with interconnected systems.^[10]
• Effective space management may result in cost savings of up to 30% on real estate, which is the second-highest expense for a business.^[10]
• Adopting capital project management techniques may result in up to a 45% decrease in total project costs, even if the typical capital project is 80% over budget and 20 months behind schedule.^[10]

Also Read

How Useful is Facility Management

One of the primary benefits of facility management is cost savings. By efficiently managing resources such as energy, water, and space, organizations can significantly reduce operating costs. For example, implementing energy-efficient measures can lead to lower utility bills and a reduced environmental impact. Proper maintenance of facilities can also help prevent costly repairs in the long run, saving money and avoiding disruptions to operations.

Aside from cost savings, facility management also contributes to the overall productivity and well-being of employees. A comfortable and well-maintained work environment can boost employee morale, increase job satisfaction, and ultimately lead to higher levels of productivity. Employees are more likely to feel motivated and engaged when their workplace is clean, safe, and properly equipped to meet their needs.

Furthermore, facility management plays a crucial role in ensuring compliance with regulatory requirements and industry standards. By staying up to date on relevant laws and regulations, organizations can avoid fines and penalties while also promoting a safe and healthy work environment. From fire safety codes to accessibility requirements, facility managers must be well-versed in a variety of legal and technical matters to ensure full compliance.

In addition to operational efficiency and regulatory compliance, facility management also contributes to the overall reputation and image of an organization. A well-maintained facility can create a positive impression on clients, visitors, and investors, showcasing the organization’s commitment to quality and professionalism. On the other hand, a poorly managed facility can reflect poorly on the organization, leading to decreased trust and confidence from stakeholders.

It is important to recognize that facility management goes beyond just the physical aspects of a building. It also involves managing services such as cleaning, security, waste management, and catering, all of which play a crucial role in ensuring the smooth day-to-day operation of a business. Effective facility management requires a strategic and holistic approach that takes into account the needs of all stakeholders, both internal and external.

In conclusion, facility management is an essential function that encompasses a wide range of services aimed at creating and maintaining a conducive work environment. From cost savings to employee well-being to regulatory compliance, facility management plays a key role in the success of any organization. As organizations continue to navigate an increasingly complex and competitive business environment, the importance of effective facility management cannot be overstated.

Reference

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1. cmmonline – https://cmmonline.com/articles/women-in-facility-management
2. datausa – https://datausa.io/profile/soc/facilities-managers
3. akitabox – https://home.akitabox.com/blog/facilities-management-jobs-and-careers/
4. vizito – https://vizito.eu/blog/20-statistics-every-facilities-manager-should-know/
5. webinarcare – https://webinarcare.com/best-facility-management-software/facility-management-statistics/
6. bls – https://www.bls.gov/ooh/management/administrative-services-managers.htm
7. cbre – https://www.cbre.com/insights/reports/2022-fm-cost-trends-report
8. fortunebusinessinsights – https://www.fortunebusinessinsights.com/industry-reports/facility-management-market-101658
9. globenewswire – https://www.globenewswire.com/en/news-release/2022/04/13/2421933/0/en/Facility-Management-Market-Size-to-Hit-US-1-9-Trillion-by-2030.html
10. ibm – https://www.ibm.com/topics/facilities-management