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Outplacement Services Market worth $8.11 billion by 2030, growing at a CAGR of 7.48% - Exclusive Report by 360iResearch
Outplacement Services Market | 360iResearch
The Global Outplacement Services Market to grow from USD 4.89 billion in 2023 to USD 8.11 billion by 2030, at a CAGR of 7.48%.
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Outplacement services refer to the range of career transition support services provided by specialized firms to assist organizations in managing workforce restructuring, particularly during layoffs, corporate restructuring, or mergers and acquisitions. These services aim to facilitate a smoother transition for displaced employees by providing personalized coaching, skill development opportunities, job search assistance, networking platforms, and other resources to boost their employability and help them secure new jobs. Periodic economic downturns have led to increased layoffs worldwide, creating the demand for outplacement services. Organizations are increasingly adopting outplacement services to improve talent retention post-restructuring. However, high cost and changing quality standards may adversely impact the use of outplacement services by the end-use sectors globally. Moreover, creating tailor-made programs addressing specific requirements unique to various industries can enhance service relevance and encourage their adoption by business organizations worldwide.
The outplacement services market is evolving in the Americas owing to the significant investments by various business organizations to support employees during restructuring and downsizing. The rise in unemployment rates and emphasis on supporting affected employees during difficult transitions have amplified the adoption of outplacement services in the Americas. European Union (EU) countries have experienced growth in the outplacement services market owing to the labor laws, which incline multinational organizations operating within this region to deliver efficient outplacement solutions. In the Middle East, ongoing economic restructuring has contributed to increased demand for outplacement services. Rapid population growth in Africa presents unique challenges to its labor market, including skills gaps and high youth unemployment rates. Investment in workforce development programs by governments and international organizations reflects growing recognition of outplacement services as essential in addressing these issues in the African region. Significant investment in human resources and talent management initiatives, driven by government reforms and technological advancements, have encouraged the growth of the outplacement services market in APAC. In addition, the proliferation of virtual outplacement services is anticipated to propel their adoption by the end-use sectors worldwide.
Market Segmentation & Coverage:
This research report categorizes the Outplacement Services Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Type, market is studied across Executive Outplacement Services, Group Outplacement Services, Individual Outplacement Services, and Outplacement Counselling Programs. The Individual Outplacement Services commanded largest market share of 40.22% in 2023, followed by Executive Outplacement Services.
Based on Offering, market is studied across Career Coaching & Counselling, Interview Preparation, Resume & Cover Letter Writing, Social Media & Personal Branding, and Training & Skill Development. The Career Coaching & Counselling commanded largest market share of 32.67% in 2023, followed by Interview Preparation.
Based on End-Use, market is studied across Enterprise and Personal. The Enterprise is further studied across Banking, Financial Services & Insurance, Government & Public Sector, Healthcare, IT & Telecom, Manufacturing, Media & Entertainment, and Retail. The Enterprise commanded largest market share of 70.48% in 2023, followed by Personal.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 44.61% in 2023, followed by Americas.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Outplacement Services Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Outplacement Services Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Outplacement Services Market, highlighting leading vendors and their innovative profiles. These include Adecco Group AG, ADP, Inc., Agilec, Airswift Holdings Limited, Arthur J. Gallagher & Co., Canada Career Counselling, Career Compass Canada, Career Partners International LLC, Career Star Group, CareerPro Inc., Challenger, Gray & Christmas, Inc., Chiumento Limited, CMS Career Management Solutions Inc., Daily Muse Inc., Feldman Daxon Partners Inc., Gi Group Holding S.p.A., Hays PLC, Hudson Global, Inc., IMPACT Group, Innovate ICC, Kelly Services Inc., Keystone Partners, Knightsbridge Robertson Surrette, Korn Ferry, ManpowerGroup Inc., Mercer LLC, Randstad NV, Talent Inc., The Barrett Group, The Connor Consultancy by NFP UK Group, VelvetJobs LLC, Vision India Services Pvt. Ltd., and Weapply Canada.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Outplacement Services Market, by Type
7. Outplacement Services Market, by Offering
8. Outplacement Services Market, by End-Use
9. Americas Outplacement Services Market
10. Asia-Pacific Outplacement Services Market
11. Europe, Middle East & Africa Outplacement Services Market
12. Competitive Landscape
13. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Outplacement Services Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Outplacement Services Market?
3. What is the competitive strategic window for opportunities in the Outplacement Services Market?
4. What are the technology trends and regulatory frameworks in the Outplacement Services Market?
5. What is the market share of the leading vendors in the Outplacement Services Market?
6. What modes and strategic moves are considered suitable for entering the Outplacement Services Market?
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About 360iResearch
360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
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