Global Outplacement Services
Market Report
2024
the global Outplacement Services market was USD 3.1 billion in 2022 and will grow at a compound annual growth rate (CAGR) of 18.1% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
PDF Access: Password protected PDF file, Excel File Access: Quantitative data, PPT Report Access: For the presentation purpose, Cloud Access: Secure Company Account Access.
Share your contact details to receive free updated sample copy/pages of the recently published edition of Outplacement Services Market Report 2024.
According to Cognitive Market Research, the global Outplacement Services market was USD 3.1 billion in 2022 and will grow at a compound annual growth rate (CAGR) of 18.1% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Outplacement Services Market Sales Revenue 2022 | $ 3.1 Billion |
Global Outplacement Services Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 18.1% |
Market Split by Type |
|
Market Split by End-User |
|
Market Split by Application |
|
Market Split by Organization Size |
|
Market Split by Service Type |
|
List of Competitors |
|
Regional Analysis |
|
Country Analysis |
|
Key Qualitative Information Covered |
|
Report scope is customizable as we have a huge database of Outplacement Services industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Outplacement Services Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The Outplacement Services Market is growing due to changing workforce dynamics and corporate restructuring. Organizations increasingly focus on supporting laid-off employees with career transition assistance and maintaining positive employer branding. With advancements in technology, personalized coaching, skill development, and job search support are offered, driving demand for outplacement services. A greater emphasis on employee well-being and a competitive job market also influences growth.
These developments empower businesses to offer better-tailored solutions and services, which, in turn, contribute to the growth of the Outplacement Services industry.
In the upcoming years, the Metaverse is expected to play a large role in people's lives, according to a recent press release from Gartner, a renowned research and advising company. According to Gartner, 25% of individuals will spend at least one hour per day in the Metaverse by 2026. This virtual environment has the power to change how we communicate, connect with one another, and do business.
(Source:www.linkedin.com/pulse/gartner-predicts-25-people-spend-least-one-hour-per-chintan/)
The rising adoption of analytical solutions and connected device applications propels the Outplacement Services Market. These technologies enable deeper insights into job markets, skill demands, and career trends, enhancing the effectiveness of outplacement services.
Visier, Inc. introduced a novel Platform as a Service (PaaS) named Alpine Visier. These fresh services expand the company's portfolio, offering a comprehensive solution that appeals to potential customers and speeds up revenue growth.
(Source:www.visier.com/blog/alpine-platform/)
Data-driven analytics assist in personalized coaching and job matching, while connected devices provide seamless virtual access to resources and support. This digital transformation optimizes service delivery, aligning with the evolving needs of job seekers and employers, thus driving the market's growth.
Changing workforce dynamics challenge the Outplacement Services Market by introducing varied skill requirements. Rapid technological advancements and automation reshape job roles, leading to a diverse range of displaced employees with differing skill sets. Providing relevant and effective support tailored to these evolving skill demands becomes more complex. Outplacement service providers must continually adapt their offerings to address the dynamic needs of individuals facing job transitions in a rapidly changing job landscape.
The COVID-19 pandemic disrupted the Outplacement Services Market by causing widespread economic uncertainties, job losses and organizational restructuring. High unemployment rates and remote work challenges shifted the demand for outplacement services. The remote nature of work transitions and limited in-person interactions presented difficulties in delivering personalized support. Despite the increased need for career transition assistance, budget constraints among companies during the pandemic further affected the accessibility and utilization of outplacement services.
We have various report editions of Outplacement Services Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.
Technology-driven providers like RiseSmart leverage AI and analytics for personalized services. Newer entrants, such as CareerArc, focus on social media and digital platforms for job placement. Increasingly, companies emphasize customizing services to cater to diverse industries and career stages. As the job market evolves, outplacement providers are innovating to address remote work trends, automation's impact, and the changing needs of employers and job seekers.
March 2023: Accenture has disclosed its intention to acquire Optimind, an autonomous consulting firm situated in Paris. Optimind specializes in delivering advisory services and solutions tailored for placements and major corporate clients. These offerings assist in addressing substantial challenges related to competitiveness, transformation, and regulatory compliance, aligning with Accenture's strategic aims.
November 2022: Texas-based OneSource Virtual, a partner and professional services provider for Workday, unveiled its acquisition by Cognizant, a global technology and consulting company.
November 2022: Oracle, a global leader in Human Capital Management (HCM), has chosen Global HR Research (GHRR), an advanced provider of employment screening, drug testing, and verification services. GHRR's technology will enhance Oracle's HCM system, aiding HR professionals in boosting job placement efficiency.
(Source:finance.yahoo.com/news/oracle-selects-global-hr-research-161400680.html)
Top Companies Market Share in Outplacement Services Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
The North American region dominates the Outplacement Services Market due to various factors. Its advanced economies and large corporate landscape often involve workforce changes that drive demand for career transition support. Stringent labor regulations and a focus on employee well-being encourage companies to invest in outplacement services. Moreover, the region's technological advancement, coupled with a high level of digital adoption, facilitates the delivery of personalized virtual solutions, contributing to its substantial market share.
According to Cognitive Market Research, due to several factors, the United States leads the Outplacement Services Market during the forecast period. The country's large economy and diverse industries drive substantial workforce transitions. Stringent labor laws and an employee welfare culture prompt companies to provide outplacement services. High technology adoption enables virtual service delivery. Moreover, the competitive job market and focus on employer branding compel firms to ensure smooth career transitions for laid-off employees, consolidating the United States' dominance in the market.
Outplacement services are poised for significant growth in the Asia Pacific region due to multiple factors. Rapid economic expansion is resulting in workforce restructuring and job transitions. Increasing employee rights and well-being awareness prompts organizations to provide effective career transition support. The rising adoption of Western HR practices also contributes. Additionally, digital transformation facilitates virtual outplacement services, addressing the diverse needs of this dynamic and vast region, thus driving the anticipated high growth in the outplacement services market.
The current report Scope analyzes Outplacement Services Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
To learn more about geographical trends request the free sample pages.
Get Free Sample
Global Outplacement Services Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Outplacement Services Industry growth. Outplacement Services market has been segmented with the help of its Type, End-User Application, and others. Outplacement Services market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, outplacement holds the largest market share in the Outplacement Services Market due to its essential role in helping organizations manage workforce transitions. As companies undergo restructuring or downsizing, they prioritize providing displaced employees with support for career transitions. Outplacement services offer tailored assistance such as career counseling, resume building, interview coaching, and job search guidance. This comprehensive approach addresses employee needs and employer branding, driving the prominence of outplacement services within the market.
Redeployment is experiencing the highest Compound Annual Growth Rate (CAGR) in the Outplacement Services Market due to its effectiveness in retaining talent and optimizing workforce utilization. In an ever-changing business landscape, organizations seek to harness existing skills within their workforce before resorting to layoffs. Redeployment services facilitate internal mobility, matching employees' skills with available positions, enhancing job satisfaction, and reducing turnover. This approach resonates with companies aiming to streamline operations and maintain a skilled workforce, contributing to redeployment's rapid growth.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Outplacement Services Industry. Request a Free Sample PDF!
According to Cognitive Market Research, personal end-users dominate the Outplacement Services Market due to their increasing demand for career transition support. As professionals navigate job changes, they seek personalized services like resume building, interview coaching, and job search assistance. The rise in remote work, industry shifts, and technological advancements have led to greater career mobility. Personal end-users value tailored guidance to navigate these changes successfully, making them the driving force in shaping the outplacement services market.
The enterprise end-user segment is witnessing the highest Compound Annual Growth Rate (CAGR) in the Outplacement Services Market due to growing awareness among organizations about the benefits of providing comprehensive support during workforce transitions. As businesses prioritize employee well-being and brand reputation, they increasingly invest in outplacement services for their employees facing layoffs or career changes. Offering such services enhances employee morale, reduces legal risks, and maintains a positive company image, driving the rapid growth of the enterprise end-user segment.
The above Graph is for representation purposes only. This chart does not depict actual Market share.
To learn more about market share request the free sample pages.
Get Free Sample
Research associate at Cognitive Market Research
Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
Swasti an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
In her current role, Swasti manages research for service and software category, leading initiatives to uncover market opportunities and enhance competitive positioning. Her strong analytical skills and ability to provide clear, impactful findings have been crucial to her team’s success. With an expertise in market research analysis, She is adept at dissecting complex problems, extracting meaningful insights, and translating them into actionable recommendations, Swasti remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Outplacement Services Market is witnessing significant growth in the near future.
In 2023, the Outplacement segment accounted for noticeable share of global Outplacement Services Market and is projected to experience significant growth in the near future.
The Personal segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Adecco Group , Hudson Global Inc and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
1.Outplacement services help employees find new jobs
Disclaimer:
Type | Outplacement, Career Development, Redeployment, HR Consulting and Training |
End-User | Personal, Enterprise |
Application | BFSI, IT & Telecom, Retail, Media & Entertainment, Government & Public Sector, Manufacturing, Healthcare, Education, Transportation, Energy |
Organization Size | SMEs, Large Enterprises |
Service Type | Career Management, Resume Assistance, Interview Coaching, Job Search Assistance, Skills Assessment |
List of Competitors | Adecco Group, Hays, Hudson Global Inc, Frederickson Partners, Connor, Chiumento Limited, LHH Knightsbridge, Gi Group, Right Management, Randstad Risesmart, ManpowerGroup, Prima Careers, The Career Insight Group, VelvetJobs, CareerArc Group Llc, CareerPro Inc, Insala, Others |
This chapter will help you gain GLOBAL Market Analysis of Outplacement Services. Further deep in this chapter, you will be able to review Global Outplacement Services Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by End-User Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 12 Market Split by Application Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 13 Market Split by Organization Size Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 14 Market Split by Service Type Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Outplacement Services market
Chapter 15 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Outplacement have a significant impact on Outplacement Services market? |
What are the key factors affecting the Outplacement and Career Development of Outplacement Services Market? |
What is the CAGR/Growth Rate of Personal during the forecast period? |
By type, which segment accounted for largest share of the global Outplacement Services Market? |
Which region is expected to dominate the global Outplacement Services Market within the forecast period? |
Segmentation Level Customization |
|
Global level Data Customization |
|
Region level Data Customization |
|
Country level Data Customization |
|
Company Level |
|
Additional Data Analysis |
|
Additional Qualitative Data |
|
Additional Quantitative Data |
|
Service Level Customization |
|
Report Format Alteration |
|
Published Report Editions
are Just a Tip of an Iceberg
Access the Complete Database of
Outplacement Services Market
Request Sample