The Career Education Counseling Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Career Education Counseling Global Market Report 2024, 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.
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.
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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
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 report table of contents includes:
1. Executive Summary
2. Career Education Counseling Market Characteristics
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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