Career Education Counseling Market Size, Trends, Drivers,

Career Education Counseling Market Size

The Business Research Company recently released a comprehensive report on the Global Career Education Counseling Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company’s, 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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Market Drivers and Trends:

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.

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.

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Major Key Players of the Market:

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

Career Education Counseling Market 2024 Key Insights:

• 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%.

• Rising Demand For International Jobs Fuels Growth In Career Education Counseling Market

• Career Education Market Adopts Artificial Intelligence Innovations For Enhanced Career Guidance Solutions

• North America was the largest region in the career education counseling market in 2023

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