In accordance with this study, the Global Outplacement Services Market value registered in 2021 was close to USD XX BN and is predicted to outstretch revenue by USD XX BN in 2028 with a CAGR of XX% during the period of 2022-2028.
Outplacement services are provided by some organization for the practical and emotional career guidance support, which enables individual to tackle the competitive job market and move to the suitable career. Outplacement services are delivered through individual one-on-one sessions or in a group format. Apart from career guidance, other skillsets such as career evaluation, job search skills, targeting the job market, resume writing, interview preparation, developing networks, and negotiation skills are also provided.
Market Dynamics
The growing customizable services & frequent mass hiring and layoffs have been driving the outplacement services market growth. Moreover, growing MNC's across all industries, especially in the software, healthcare, electronics, and consulting sectors because of globalization, is stimulating the market growth. However, risks of approaching fraudulent agencies and privacy concerns might challenge the market demand.
The report has been created by using crucial tools such as Porter's Five Forces Model, Market Attractiveness Analysis and Value Chain analysis to help businesses around the globe navigate opportunities and challenges in the rapidly evolving marketplace with clarity. These tools also serve the detailed information of each application/product segment in the global market of outplacement services.
Market Segmentation
The study offers a decisive view of the global outplacement services market by segmenting it in terms of type and application. The report analyzes these subsets with respect to the regional segmentation. This research study will prepare marketers for the evolving needs of their customers.
By Type
- Group Outplacement
- Personal Outplacement
By Application
- BFSI
- IT & Telecom
- Retail
- Media & Entertainment
- Government & Public Sector
- Manufacturing
- Healthcare
- Others
Regional Analysis
This section covers outplacement services market for the regions North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Regional segmentation has been done based on the present and future trends in the global outplacement services market along with the individual application segment across all the prominent region.
Global Outplacement Services Market Share by Region (Representative Graph)
This research report also includes profiles of major companies operating in the global market. Some of the prominent players operating in the global Outplacement Services market are Career Pro, CareerArc, Chiumento, Frederickson Partners, Hays, Hudson Global, Mercer, Prima Careers, Randstad, The Adecco Group, The Career Insight Group, and Velvet Jobs. This section cover profiling of major players in terms of important aspects such as company overview, financial overview, business strategy, and recent developments undertaken during the forecast horizon.
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