The career education counseling global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Career Education Counseling Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The career education counseling market size has grown strongly in recent years. It will grow from $2.49 billion in 2023 to $2.66 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to the growth of higher education institutions, economic recessions, legislation and policy changes, increasing diversity in the workforce, and work-life balance trends.
The career education counseling market size is expected to see strong growth in the next few years. It will grow to $3.52 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to the rise of remote and hybrid work models, demographic shifts, growing awareness of mental health, sustainability, and ethical careers, and economic and labor market changes. Major trends in the forecast period include personalized career guidance, focus on soft skills development, career transition support, emphasis on digital literacy, and gamification of career counseling.
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Scope Of Career Education Counseling Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Career Education Counseling Market Overview
Market Drivers –
The increasing demand for international jobs is expected to propel the growth of the career education counseling market going forward. International jobs are employment opportunities that require individuals to work in countries other than their home country, often involving cross-border assignments or global operations. The increasing demand for international jobs is driven by globalization, which necessitates cross-border expertise and operations for businesses and professionals. Career education counseling helps individuals navigate international job markets by guiding global career opportunities, cultural adaptation, and the necessary skills for cross-border employment. For instance, in May 2024, according to the Bureau of Labor Statistics, a US-based government agency, in 2023, foreign-born individuals made up 18.6% of the U.S. civilian labor force, an increase from 18.1% in 2022. Therefore, the increasing demand for international jobs is driving the growth of the career education counseling market.
Market Trends –
Major companies operating in the career education counseling market are focused on developing innovative solutions, such as revamped websites leveraging artificial intelligence and machine learning to provide personalized guidance. A revamped website utilizing artificial intelligence and machine learning offers enhanced user experiences through personalized content and automated functionalities. For instance, in June 2023, Hallo, a US-based software company, launched the career coaching and jobs platform with GPT-4 Coach Boris. The career coaching and jobs platform with GPT-4 Coach Boris offers personalized career guidance, resume building, and job search assistance powered by advanced artificial intelligence (AI) technology. Coach Boris provides tailored advice, interview preparation, and skill development resources, enhancing the overall job-seeking experience for users.
The career education counseling market covered in this report is segmented –
1) By Type: Independent Career Transition Coaches, Limited Outplacement Assistance, Career Marketing Firms, Selfdirected Job Search, Other Types
2) By Mode: Online, Offline
3) By Applications: School Students, Institutions Or Universities, Career Professional, Foreign Education
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Regional Insights –
North America was the largest region in the career education counseling market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the career education counseling market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the career education counseling market are Microsoft Corporation, Bright Horizons Family Solutions LLC, Kaplan Inc., PowerSchool Holdings Inc., Upwork Global Inc., Varsity Tutors LLC, TPR Education LLC , HigherEdJobs LLC, Careerguide.com Private Limited, Talent Inc., Xello Inc., PeopleGrove Inc., PrepScholar Inc., Univariety, CIALFO PTE LTD, Workforce Solutions, InGenius Prep Inc., Goodwill Community Foundation Inc (GCF Global), Brainwonders, IvyWise LLC, Corvuss American Academy, Eddins Counseling Group PLLC, Prepory Coaching Group LLC, Stoodnt Inc., Mindler Education Private Limited
Table of Contents
1. Executive Summary
2. Career Education Counseling Market Report Structure
3. Career Education Counseling Market Trends And Strategies
4. Career Education Counseling Market – Macro Economic Scenario
5. Global Career Education Counseling Market Size and Growth
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32. Global Career Education Counseling Market Competitive Benchmarking
33. Global Career Education Counseling Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Career Education Counseling Market
35. Career Education Counseling Market Future Outlook and Potential Analysis
36. Appendix
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