Virtual Office Statistics & Hybrid Work Trends in 2024
A virtual office allows employees to work from anywhere, as long as they have a reliable internet connection.
The rise in virtual offices has increased workplace flexibility and enabled companies to tap into a global talent pool.
Here are key statistics that reveal the efficacy of remote work models, including factors such as operating costs, employee productivity, and employee satisfaction.
Virtual office market growth and hybrid work trends
Statistic |
Value |
|
The market value of virtual offices in Japan (2020) Source: ITR Co. LTD. |
¥320 million |
|
Growth factor from 2019 to 2020 Source: ITR Co. LTD. |
6.4 times |
|
Estimated sales value of virtual office tools in Japan (2020) Source: Statista |
¥250 million |
|
Projected market value (2025) Source: Statista |
¥18 billion |
|
Percentage of companies with remote work policies (2022) Source: Soumu.go.jp |
51% |
|
The amount of flexible working spaces in Europe (March 2022) Source: Statista |
4,200 |
|
The amount of flexible working spaces in Asia (March 2022) Source: Statista |
4,100 |
|
The number of people working from coworking spaces worldwide (2020) Source: Statista |
1.93 million |
|
The eading serviced office company in the world (2019) Source: Statista |
Regus |
|
US office attendance compared to pre-pandemic levels Source: McKinsey |
30% lower |
|
Companies allowing remote work in Japan Source: Doda.jp |
51.2% |
|
Average days in office per week: Beijing Source: McKinsey |
3.9 |
|
Average days in office per week: London Source: McKinsey |
3.1 |
|
Average days in office per week: New York City Source: McKinsey |
3.6 |
|
UK office workers spending entire week at the office Source: McKinsey |
28% |
|
Link between higher home prices and lower office attendance Source: McKinsey |
Strong correlation |
Cost savings from hybrid or remote work styles
Statistic |
Value |
Source |
Employer savings per employee annually (full-time telework) |
$10,000 |
Global Workplace Analytics |
IBM's real estate savings through flexible work arrangements |
$50 million |
|
Tokyo office space cost per month |
¥65,000 to ¥300,000 |
|
Virtual office solution cost per month |
¥660 to ¥11,000 |
Work life balance statistics
Statistic |
Value |
|
Tech experts willing to accept a pay cut for remote work Source: Global Workplace Analytics |
37% (10% pay cut) |
|
Hiring managers finding it challenging to recruit Gen Y Source: Global Workplace Analytics |
56% |
|
Gen Y employees finding retention challenging Source: Global Workplace Analytics |
64% |
|
Gen Y interest in flexible work arrangements Source: Global Workplace Analytics |
8/10 (impact on job satisfaction) |
|
Japanese workers preferring remote work Source: MailMate |
61% |
|
US workers desiring some remote work Source: MailMate |
98% |
Benefits of remote work
Statistic |
Value |
|
Higher female workforce participation through virtual offices Source: Plos One |
Significant increase |
|
Perceived benefits of onsite office environment in Japan Source: MailMate |
Improved communication, reduced home energy costs |
|
Benefits of remote work Source: MailMate |
Flexible schedules, increased productivity, better care for dependents |
In closing
Research on the benefits of virtual offices vs physical office spaces as well as remote work trends is still a relatively new field. But taking a look at surveys around remote workers, remote teams, and the hybrid work model can provide insights on the advantages and challenges associated with using virtual offices and boosting the productivity of remote employees.
For companies considering expanding their operations in Japan, leveraging a virtual office in Fukuoka or Tokyo can be a strategic move to enhance flexibility and productivity
These key remote work statistics on the hybrid remote office model can help organizations to make informed decisions and implement successful remote work strategies that will better work life balance for their employees.
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