How big is the business coaching industry?

Professional coaching is meant to improve and develop people, so more than half of the industry is dedicated to making a “change”. Another 29% are growth-oriented, for example, accelerating the learning curve for high-potential executives. Meanwhile, 16% are dedicated to combining change and growth. Many people choose life coaches as a career option because of attractive compensation, job flexibility, and high professional satisfaction.

Becoming a life coach is not a difficult task without a real barrier or regulation to entering the market. With technological advancement, people can now connect for an online session through audio or video chats. Easy, anytime access and personalized sessions continue to be favorable factors driving demand. The COVID-19 pandemic played a vital role in the segment's growth, as many professionals started online programs.

According to the International Coaching Federation, 74% of coaching professionals have increased their use of audio or video platforms. In addition, 55% of coaching professionals say that the face-to-face method will not return to the pre-pandemic level. The in-person segment is expected to grow, as many customers prefer conventional face-to-face interaction. Many customers, especially people of the older generation, are hesitant to share personal information on virtual platforms.

Face-to-face sessions create a level of trust and rapport and make it easier for people to understand each other. However, the participation of the face-to-face segment has declined due to the COVID-19 pandemic. Life Coaching Service Solution Endless Possibilities Life Coaching Services Revenue Forecasting, Company Ranking, Competitive Landscape, Growth Factors and Trends Infinite Possibilities Life Coaching Services; Strategic Life Coaching; Pacific Life Coaching; Sunny Life Coach; Benchmark Consulting; BP Life Coaching Services, LLC; Solution Life Coaching Services; Thriveworks Counseling Free customization of reports (equivalent to up to 8 analyst business days) with purchase. Addition or modification to the level of the national or regional segment of 26%.

Take advantage of personalized purchasing options to meet your exact research needs. Some key players operating in the US. UU. The life coaching market includes Endless Possibilities Life Coaching Services; Strategic Life Coaching; Pacific Life Coaching; Sunny Life Coach; Benchmark Consulting; BP Life Coaching Services, LLC; Solution Life Coaching Services; Thriveworks Counselling B.

Key factors driving market growth include increased awareness of the benefits of life coaching, high adoption among the young generation, and the increase in the number of life coaches. We never share your personal data. Privacy Policy This FREE sample includes market data points, ranging from trend analysis to market estimates (26% forecasts). We can customize all reports, free of charge, including the purchase of separate sections or reports at the national level, as well as offering affordable discounts for startups (% 26 universities).

How has COVID-19 impacted this market? For more information, request a free sample copy. We value your investment and offer free customization of each report to meet your exact research needs. Our support is available to help you 24 hours a day, five days a week. Medium and large organizations are mostly consulting firms that partner with companies to provide coaching services.

Nine out of 10 companies think that managers are expected to act as informal trainers and guide employees in the right direction. While 36% of women felt that coaches increased self-esteem and confidence, only 33% of men had the same reasons. For starters, here are some of the most notable statistics about the size of the coaching market and more. The popularity of coaching is growing because both individuals and companies see the profound benefits it offers.

That's impressive when you consider the fact that life coaching is a concept that has only existed for about 40 years. Coaching not only improves a person in general and their performance, but it also changes their perspective on the company they work for. By 2025, it is expected that there will be a shortage of 50,000 primary care doctors, creating enormous opportunities in the market for health counselors. Due to strict regulations and social distancing, many coaches moved from in-person sessions to online audio or video platforms.

Another 39% wanted to improve communication skills, while 38% expected business coaching to increase productivity. The COVID-19 pandemic wreaked havoc on many industries and companies, forcing them to rebuild their businesses. One of the main reasons behind the growth of the coaching industry is also one of its biggest challenges. In short, those methods improve situations, while coaching improves people and empowers them to get the results they want.

While the future of the coaching industry looks promising, that doesn't mean there aren't some challenges. Trainers who specialize in specialized sectors will see more employment opportunities on average than trainers who don't specialize. Other areas of the world that are exploding with coaching are Latin America and the Caribbean, with an increase of 174 percent, and Eastern Europe, with a 40 percent increase in the number of trainers. .