In 2024, Gartner employed approximately 21,000 people worldwide. The company is one of the world's leading information technology research and advisory companies. It provides research and consulting services to its customers, and also runs events targeting IT, supply chain, marketing, and other business professionals.

In 2023, the leading market research company in terms of global research revenue was Gartner, generating approximately 5.9 billion U.S. dollars. In the same year, American company IQVIA accrued roughly 5.6 billion U.S. dollars. Market research companies - global players Market research is an important business strategy involving the gathering of information about an organization’s target market. In terms of global research revenue, American company Gartner was the leading market research company worldwide. Headquartered in the United States, the number of employees working for the company totaled 20,237 people in 2023. The sixth largest market research company in terms of global research revenue was Kantar. Kantar Group is a UK-based international network of 12 companies, including Millward Brown and IMRB International. In 2022, the research revenue of Kantar amounted to approximately three billion U.S. dollars. Another European leader, and ranked seventh in the global ranking, was Ipsos. The company had a research revenue of over 2.5 billion U.S. dollars. The largest share of market research revenue made by Ipsos was generated in Europe, the Middle East and Africa in 2023. United States dominant in a global market The global revenue of the market research industry reached over 75 billion U.S. dollars in 2023, over half of which came from the United States. The number of full-time employees working for the top ten market research companies in the United States totaled almost 40,000 in 2020.

According to Cognitive Market Research, the global Outplacement Services market was USD 3.1 billion in 2022 and will grow at a compound annual growth rate (CAGR) of 18.1% from 2023 to 2030. How are the Key Drivers Affecting the Outplacement Services Market?

Increasing Penetration of Analytical Solutions and Connected Devices Applications Drive the Outplacement Services Market

The rising adoption of analytical solutions and connected device applications propels the Outplacement Services Market. These technologies enable deeper insights into job markets, skill demands, and career trends, enhancing the effectiveness of outplacement services.

Visier, Inc. introduced a novel Platform as a Service (PaaS) named Alpine Visier. These fresh services expand the company's portfolio, offering a comprehensive solution that appeals to potential customers and speeds up revenue growth.

(Source:www.visier.com/blog/alpine-platform/)

Data-driven analytics assist in personalized coaching and job matching, while connected devices provide seamless virtual access to resources and support. This digital transformation optimizes service delivery, aligning with the evolving needs of job seekers and employers, thus driving the market's growth.

Wide ranging Advantages to Organization to Decipher the Market Share

The Factors Restraining the Growth of the Outplacement Services Market

Changing Workforce Dynamics is Challenging the Growth of the Outplacement Services Market

Changing workforce dynamics challenge the Outplacement Services Market by introducing varied skill requirements. Rapid technological advancements and automation reshape job roles, leading to a diverse range of displaced employees with differing skill sets. Providing relevant and effective support tailored to these evolving skill demands becomes more complex. Outplacement service providers must continually adapt their offerings to address the dynamic needs of individuals facing job transitions in a rapidly changing job landscape.

Impact of Covid-19 on Outplacement Services Market

The COVID-19 pandemic disrupted the Outplacement Services Market by causing widespread economic uncertainties, job losses and organizational restructuring. High unemployment rates and remote work challenges shifted the demand for outplacement services. The remote nature of work transitions and limited in-person interactions presented difficulties in delivering personalized support. Despite the increased need for career transition assistance, budget constraints among companies during the pandemic further affected the accessibility and utilization of outplacement services. Introduction of Outplacement Services

The Outplacement Services Market is growing due to changing workforce dynamics and corporate restructuring. Organizations increasingly focus on supporting laid-off employees with career transition assistance and maintaining positive employer branding. With advancements in technology, personalized coaching, skill development, and job search support are offered, driving demand for outplacement services. A greater emphasis on employee well-being and a competitive job market also influences growth.

These developments empower businesses to offer better-tailored solutions and services, which, in turn, contribute to the growth of the Outplacement Services industry.

In the upcoming years, the Metaverse is expected to play a large role in people's lives, according to a recent press release from Gartner, a renowned research and advising company. According to Gartner, 25% of individuals will spend at least one hour per day in the Metaverse by 2026. This virtual environment has the power to change how we communicate, connect with one another, and do business.

(Source:www.linkedin.com/pulse/gartner-predicts-25-people-spend-least-one-hour-per-chintan/)

The global market research industry reached a record high market size of approximately 54 billion U.S. dollars in 2023. Over the last decade, the global market research industry has performed contrary to broader economic trends as the industry has continued to grow. Figures for 2023 signaled an increase of about two billion U.S. dollars compared to the previous year. Market research industryMarket research is the activity of gathering information about markets in which an organization sells their produces and/or services. This often includes detailed qualitative understandings of consumer attitudes and preferences through tools such interviews, surveys, and increasingly, big-data analytics. The leading market research company worldwide was U.S.-based Gartner in 2022. Slow growth in EuropeWhile growth in the United States has been significant, the revenue of the market research industry in Europe grew just slightly since 2014. Some analysts expect this poor performance to continue into the near future for two reasons. First is the short- and mid-term uncertainty created by Brexit, impacting the reliability of any market research conducted prior to the issue being resolved. Second is the implementation of the EU General Data Protection Regulation (GDPR) laws in May 2018, which limit what companies are able to do with personal data. A majority of IT professionals in France, Germany and the UK agree the GDPR laws will prevent personal data being passed on to third parties, reducing the amount of data available to researchers in Europe compared to other regions.

In 2023, software and tech hosting/cloud services/MSP companies had a much higher spending share on IT than other industries, amounting to 19 percent and 16 percent of their revenues, respectively. By contrast, the consumer products and services industry invested only around five percent of their revenue in IT. Overall, all industries increased their IT spending per revenue share in 2023 compared to the previous year.

Cloud computing

Cloud computing is an essential IT service that utilizes a network of distant servers hosted over the Internet to store, handle, and process data. This segment of IT services was projected to generate revenues exceeding 670 billion U.S. dollars in 2024 and is expected to continue its rapid growth trajectory. Managed Services Providers (MSPs) provide companies with the expertise and technical support to manage their cloud infrastructure and products without the need for in-house specialists. Cloud computing is segmented into three main categories.

Software as a Service (SaaS) delivers software applications over the Internet, on a subscription basis, freeing companies from software and hardware management. Infrastructure as a Service (IaaS) offers a virtualized computing infrastructure managed over the Internet, allowing businesses to avoid the costs and complexities of purchasing and managing physical servers and data center infrastructure. Platform as a Service (PaaS) provides a platform allowing customers to develop, run, and manage applications without the complexity of building and maintaining the infrastructure.