SIC 8744 - Facilities Support Management Services
Establishments primarily engaged in furnishing personnel to perform a range of services in support of the operations of other establishments or in providing a number of different continuing services, on a contract or fee basis, within another establishment. Included in the industry are establishments primarily engaged in the private operation of jails and adult correctional facilities, whether or not providing both management and supporting staff. Establishments primarily engaged in operating juvenile correctional homes are classified in Industry 8361. Establishments which provide management and staff to operate a business are classified according to the type of activity of the business. Establishments primarily providing one specialized service, such as janitorial services or guard services, are classified in the specialized industry. Janitorial services are classified in Industry 7349, and guard services are classified in Industry 7381. Establishments primarily engaged in providing management services only, except agricultural, are classified in Industry 8741. Computer facilities management services are classified in Industry 7376. Establishments primarily supplying temporary or continuing help are classified in Industry 7363. Establishments primarily engaged in providing temporary or continuing help for agricultural purposes and agricultural management services are classified in Agriculture, Industry Group 076.
Industry trends:
The Facilities Support Management Services industry (NAICS 8744) is experiencing several qualitative trends that underscore its evolving landscape. A significant trend is the increasing adoption of smart technologies and IoT (Internet of Things). Facilities management companies are leveraging these technologies for tasks such as real-time monitoring, predictive maintenance, and energy management to optimize operational efficiency and cost savings. The integration of AI and machine learning for data analysis and decision-making is also becoming more pronounced.
Sustainability and green building practices are another critical trend. There is a growing emphasis on reducing the environmental impact of facilities. Companies are prioritizing energy-efficient systems, waste reduction, and sustainable sourcing as part of their service offerings to meet regulatory demands and customer expectations for environmentally responsible practices.
Moreover, the hybrid work model shaped by the COVID-19 pandemic is altering the demand for facilities support services. There is an increasing focus on flexible space management, employee safety, and enhanced cleaning protocols, reflecting changes in workplace dynamics. In response to these shifts, there is a forecasted rise in demand for adaptive and responsive facilities management solutions tailored to the evolving needs of organizations.
Looking ahead, the industry's growth is expected to be driven by continued technological advancements, increasing environmental regulations, and the ongoing reshaping of workplace environments. Companies that innovate and adapt rapidly are likely to stay ahead of the curve and capitalize on emerging opportunities in the near future.
This industry is comprised of:
Base maintenance (providing personnel on continuing basis)
Correctional facilities, adult: privately operated
Facilities management, except computer
Facilities support services, except computer
Jails, privately operated
This report includes the ability to segment your Industry by:
- Region
- Employees
- Net Sales
- Company Age
- Total Assets
- Ownership Type
With iCFO You Get
What Is iCFO?
A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.
Sound Business Analysis
Answers come easily with iCFO. Review ROI, sales per employee, profit margins of the top 10%, top 25% and more, to identify areas of concern and opportunity. Examine what if scenarios and P&L impact of reducing costs or adding revenue.
Your Business’ Health In Minutes
It takes only five minutes to enter your data and produce a concise profile of your company’s fiscal state, including critical business ratios focusing on liquidity, profitability, asset efficiency, and growth.