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 key benefits of effective facility management is its ability to optimize the use of resources. By carefully managing space, energy consumption, and operational costs, facility managers can help organizations operate more efficiently and effectively. For example, proper space planning can lead to increased collaboration among employees, while smart energy management can reduce utility expenses and lessen the organization’s environmental footprint. By utilizing data and analytics, facility managers can make informed decisions that benefit both the bottom line and the overall well-being of the organization.

Another significant advantage of facility management is its role in promoting a safe and healthy work environment. By adhering to proper safety regulations, conducting regular inspections, and maintaining cleanliness and hygiene, facility managers can mitigate risks and prevent accidents. A well-maintained workspace not only boosts employee morale and productivity but also demonstrates the organization’s commitment to the well-being of its employees. In today’s competitive job market, companies that prioritize employee health and safety are more likely to attract and retain top talent.

Additionally, facility management plays a crucial role in maintaining and extending the lifespan of assets and equipment. Regular maintenance and timely repairs can prevent costly breakdowns and downtime, ultimately saving the organization time and money. Moreover, strategic asset management can help organizations plan for future upgrades and investments, ensuring they remain competitive and up-to-date in their industry. By taking a proactive approach to facility management, organizations can avoid the pitfalls of reactive and ad hoc maintenance practices.

Beyond the tangible benefits of cost savings and risk mitigation, effective facility management also contributes to the overall success of an organization. A well-managed facility reflects positively on the organization’s image and reputation, instilling confidence in customers, investors, and stakeholders. Moreover, a well-designed and maintained workspace can improve employee satisfaction and foster a positive company culture. In a world where work-life balance and workplace wellness are increasingly important, facility management plays a crucial role in creating a positive and conducive work environment.

In conclusion, facility management is a multifaceted discipline that encompasses a wide range of functions and responsibilities. From optimizing resources to promoting safety and well-being, facility management is essential for the success and sustainability of any organization. By investing in effective facility management practices, organizations can reap the benefits of increased efficiency, reduced costs, and improved workplace satisfaction. As the workplace continues to evolve and change, facility management will remain a critical aspect of organizational success.

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