Market Overview:
The global outplacement services market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for outplacement services from various end-user industries, such as BFSI, IT & telecom, retail, media & entertainment, government & public sector, manufacturing and healthcare. Outplacement services are also being increasingly adopted by small and medium enterprises (SMEs) due to the growing awareness about their benefits among business owners. North America is expected to lead the global outplacement services market in terms of revenue during the forecast period followed by Europe and Asia Pacific.
Product Definition:
Outplacement services are defined as the provision of assistance to employees who have been terminated or laid off from their jobs. Outplacement services can help these individuals find new employment opportunities and support them through the job search process. Outplacement services can be provided by a variety of organizations, including private companies, government agencies, or nonprofit organizations. The purpose of outplacement services is to help displaced workers secure new employment as quickly as possible and minimize the negative effects that unemployment can have on their lives.
Group Outplacement:
Group outplacement is a term used to define the practice of moving groups of employees from one company to another in order to facilitate employee retention. The concept has been around for decades, but only recently has it gained traction in the employment world. In today's competitive market, where companies are looking forward to retaining their valuable assets, group relocation services have proven extremely effective as an employee retention strategy.
Personal Outplacement:
Personal outplacement and its usage in outplacement services market is a new term that entered the HR industry recently. It means to provide or find another job for an employee who is leaving the company. The main objective of this service is to help an employee with career transition, i.e., finding another job so that he can continue working from home or similar location as before without disrupting his routine and without giving up any benefits such as healthcare, vacation time etc.
Application Insights:
The retail segment accounted for the largest market share in 2017 and is expected to continue its dominance over the forecast period. The growth of this segment can be attributed to increasing consumer spending on luxury goods and services, as well as high disposable income levels in developing countries such as China, India, Brazil and Mexico.
The manufacturing sector has been witnessing a steady decline owing to technological advancements coupled with globalization. As a result, many companies have outsourced their outplacement services either through group or personal outplacement programs. Favorable government policies regarding foreign direct investments are anticipated to increase industry penetration across regional markets including Asia Pacific and Latin America by 2030.
The IT & telecom sector is also expected to witness significant growth over the forecast period owing to rapid technological advancements coupled with an increased need for human resources within this industry vertical.
Regional Analysis:
North America dominated the global outplacement services market in 2016. The region is expected to continue its dominance over the forecast period as well. This can be attributed to high awareness levels, availability of skilled professionals and rapid technological advancements in various sectors such as IT & telecom, media & entertainment, healthcare and others.
Asia Pacific is anticipated to witness significant growth over the next eight years owing to increasing awareness about outplacement services among individuals and organizations coupled with growing economic turmoil within companies resulting into job losses or organizational restructurings. Furthermore, an increasing number of corporate events that result into increased need for recruitment activities are also driving regional market growth.
Growth Factors:
- Increasing demand for skilled workforce: The Outplacement Services market is expected to grow owing to the increasing demand for skilled workforce across the globe. This is mainly because of the growing awareness about the benefits of outplacement services among organizations and employees.
- Rapid technological advancements: The Outplacement Services market is expected to grow owing to rapid technological advancements, which are resulting in changes in the way businesses operate and employees work. Such changes are also contributing to increased competition and a need for better talent management strategies.
- Rising number of layoffs: The number of layoffs has been on a rise over the past few years, globally as well as regionally, which is driving organizations towards outplacement services as a viable solution for managing employee separation processes effectively and efficiently.
Scope Of The Report
Report Attributes
Report Details
Report Title
Outplacement Services Market Research Report
By Type
Group Outplacement, Personal Outplacement
By Application
BFSI, IT & Telecom, Retail, Media & Entertainment, Government & Public Sector, Manufacturing, Healthcare, Others
By Companies
The Adecco Group, Velvet Jobs, Frederickson Partners, Chiumento, Mercer, Hudson Global, Prima Careers, The Career Insight Group, CareerArc, Career Pro, Randstad, Hays
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
186
Number of Tables & Figures
131
Customization Available
Yes, the report can be customized as per your need.
Global Outplacement Services Market Report Segments:
The global Outplacement Services market is segmented on the basis of:
Types
Group Outplacement, Personal Outplacement
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
BFSI, IT & Telecom, Retail, Media & Entertainment, Government & Public Sector, Manufacturing, Healthcare, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- The Adecco Group
- Velvet Jobs
- Frederickson Partners
- Chiumento
- Mercer
- Hudson Global
- Prima Careers
- The Career Insight Group
- CareerArc
- Career Pro
- Randstad
- Hays
Highlights of The Outplacement Services Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Group Outplacement
- Personal Outplacement
- By Application:
- BFSI
- IT & Telecom
- Retail
- Media & Entertainment
- Government & Public Sector
- Manufacturing
- Healthcare
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Outplacement Services Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Outplacement services are a type of job search assistance that can help individuals find new jobs. Outplacement services can include resume preparation, interviewing skills training, and networking opportunities.
Some of the key players operating in the outplacement services market are The Adecco Group, Velvet Jobs, Frederickson Partners, Chiumento, Mercer, Hudson Global, Prima Careers, The Career Insight Group, CareerArc, Career Pro, Randstad, Hays.
The outplacement services market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Outplacement Services Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Outplacement Services Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Outplacement Services Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Outplacement Services Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Outplacement Services Market Size & Forecast, 2018-2028
4.5.1 Outplacement Services Market Size and Y-o-Y Growth
4.5.2 Outplacement Services Market Absolute $ Opportunity
Chapter 5 Global Outplacement Services Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Outplacement Services Market Size Forecast by Type
5.2.1 Group Outplacement
5.2.2 Personal Outplacement
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Outplacement Services Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Outplacement Services Market Size Forecast by Applications
6.2.1 BFSI
6.2.2 IT & Telecom
6.2.3 Retail
6.2.4 Media & Entertainment
6.2.5 Government & Public Sector
6.2.6 Manufacturing
6.2.7 Healthcare
6.2.8 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Outplacement Services Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Outplacement Services Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Outplacement Services Analysis and Forecast
9.1 Introduction
9.2 North America Outplacement Services Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Outplacement Services Market Size Forecast by Type
9.6.1 Group Outplacement
9.6.2 Personal Outplacement
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Outplacement Services Market Size Forecast by Applications
9.10.1 BFSI
9.10.2 IT & Telecom
9.10.3 Retail
9.10.4 Media & Entertainment
9.10.5 Government & Public Sector
9.10.6 Manufacturing
9.10.7 Healthcare
9.10.8 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Outplacement Services Analysis and Forecast
10.1 Introduction
10.2 Europe Outplacement Services Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Outplacement Services Market Size Forecast by Type
10.6.1 Group Outplacement
10.6.2 Personal Outplacement
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Outplacement Services Market Size Forecast by Applications
10.10.1 BFSI
10.10.2 IT & Telecom
10.10.3 Retail
10.10.4 Media & Entertainment
10.10.5 Government & Public Sector
10.10.6 Manufacturing
10.10.7 Healthcare
10.10.8 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Outplacement Services Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Outplacement Services Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Outplacement Services Market Size Forecast by Type
11.6.1 Group Outplacement
11.6.2 Personal Outplacement
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Outplacement Services Market Size Forecast by Applications
11.10.1 BFSI
11.10.2 IT & Telecom
11.10.3 Retail
11.10.4 Media & Entertainment
11.10.5 Government & Public Sector
11.10.6 Manufacturing
11.10.7 Healthcare
11.10.8 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Outplacement Services Analysis and Forecast
12.1 Introduction
12.2 Latin America Outplacement Services Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Outplacement Services Market Size Forecast by Type
12.6.1 Group Outplacement
12.6.2 Personal Outplacement
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Outplacement Services Market Size Forecast by Applications
12.10.1 BFSI
12.10.2 IT & Telecom
12.10.3 Retail
12.10.4 Media & Entertainment
12.10.5 Government & Public Sector
12.10.6 Manufacturing
12.10.7 Healthcare
12.10.8 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Outplacement Services Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Outplacement Services Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Outplacement Services Market Size Forecast by Type
13.6.1 Group Outplacement
13.6.2 Personal Outplacement
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Outplacement Services Market Size Forecast by Applications
13.10.1 BFSI
13.10.2 IT & Telecom
13.10.3 Retail
13.10.4 Media & Entertainment
13.10.5 Government & Public Sector
13.10.6 Manufacturing
13.10.7 Healthcare
13.10.8 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Outplacement Services Market: Competitive Dashboard
14.2 Global Outplacement Services Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 The Adecco Group
14.3.2 Velvet Jobs
14.3.3 Frederickson Partners
14.3.4 Chiumento
14.3.5 Mercer
14.3.6 Hudson Global
14.3.7 Prima Careers
14.3.8 The Career Insight Group
14.3.9 CareerArc
14.3.10 Career Pro
14.3.11 Randstad
14.3.12 Hays
