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Australia Outplacement Services Market Size, Share, Growth: By Product: HR Consulting & Training, Redeployment, Career Development, By Type: Group Outplacement, Personal Outplacement, By Application: BFSI, IT & Telecom, Media & Entertainment, Government & Public Sector, Others; Regional Analysis; Competitive Landscape; 2024-2032
Australia Outplacement Services Market Outlook
The Australia outplacement services market size reached USD 85.93 million in 2023. The market is expected to grow at a CAGR of 4.79% between 2024 and 2032, reaching USD 130.44 million by 2032.
Key Takeaways
- According to the Australian Banking Association, Australia hosts 95 banking institutions, aiding the expansion of the outplacement services market.
- As of February 2023, there was a population of 21.2 million aged 15 and above within which 13.8 million were employed.
- According to recent World Bank data, Australia's internet penetration rate stands at 96%, thus, driving growth in the telecommunications sector.
BFSI contributes to the growth of the Australia outplacement service market by aiding in compliance with severance pay regulations and minimizing legal risks linked with layoffs
The BFSI sector gains from outplacement services by upholding its reputation by ensuring compliance and boosting morale, retaining talent, and enhancing employee loyalty with transitional support, cultivating a positive environment.
The IT & telecom industry benefits from outplacement solutions by swiftly adapting to technological advancements sustaining competitiveness and minimizing disruptions. It provides career guidance, enhances employer branding, and fulfils corporate social responsibilities through employee support initiatives.
Amid widespread layoffs in the technology and startup fields, there is a surge in demand for outplacement services as companies seek assistance in helping laid-off employees secure new jobs. Various industries such as technology, IT, e-commerce, and BFSI are engaging outplacement providers to aid affected workers.
Market Segmentation
Australia Outplacement Service Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments
Market Breakup by Product
- HR Consulting & Training
- Redeployment
- Career Development
Market Breakup by Type
- Group Outplacement
- Personal Outplacement
Market Breakup by Application
- BFSI
- IT & Telecom
- Media & Entertainment
- Government & Public Sector
- Convenience Stores
- Manufacturing
- Healthcare
- Others
Market Breakup by Region
- New South Wales
- Victoria
- Queensland
- Australian Capital Territory
- Western Australia
- Others
The Australia outplacement services market key players are Adecco Australia, Hays plc, Hudson Global resources (AUS) Pty Limited, Manpower Services (Australia) Pty Ltd., Prima Careers, Randstad Pty Limited, Arielle Executive, Outplacement Australia, and Katie Roberts Career Consulting among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by Type |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Australia Outplacement Services Market Overview
8.1 Key Industry Highlights
8.2 Australia Outplacement Services Historical Market (2018-2023)
8.3 Australia Outplacement Services Market Forecast (2024-2032)
9 Australia Outplacement Services Market by Product
9.1 HR Consulting & Training
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Redeployment
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.3 Career Development
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
10 Australia Outplacement Services Market by Type
10.1 Group Outplacement
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Personal Outplacement
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
11 Australia Outplacement Services Market by Application
11.1 BFSI
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 IT & Telecom
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Media & Entertainment
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Government & Public Sector
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Convenience Stores
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Manufacturing
11.6.1 Historical Trend (2018-2023)
11.6.2 Forecast Trend (2024-2032)
11.7 Healthcare
11.7.1 Historical Trend (2018-2023)
11.7.2 Forecast Trend (2024-2032)
11.8 Others
12 Australia Outplacement Services Market by Region
12.1 New South Wales
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Victoria
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Queensland
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Australian Capital Territory
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Western Australia
12.5.1 Historical Trend (2018-2023)
12.5.2 Forecast Trend (2024-2032)
12.6 Others
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyer’s Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Adecco Australia
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Hays plc
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Hudson Global resources (AUS) Pty Limited
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Manpower Services (Australia) Pty Ltd.
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.4.5 Certifications
14.2.5 Prima Careers
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Randstad Pty Limited
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 Arielle Executive
14.2.7.1 Company Overview
14.2.7.2 Product Portfolio
14.2.7.3 Demographic Reach and Achievements
14.2.7.4 Certifications
14.2.8 Outplacement Australia
14.2.8.1 Company Overview
14.2.8.2 Product Portfolio
14.2.8.3 Demographic Reach and Achievements
14.2.8.4 Certifications
14.2.9 Katie Roberts Career Consulting
14.2.9.1 Company Overview
14.2.9.2 Product Portfolio
14.2.9.3 Demographic Reach and Achievements
14.2.9.4 Certifications
14.2.10 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Australia Outplacement Services Market: Key Industry Highlights, 2018 and 2032
2. Australia Outplacement Services Historical Market: Breakup by Product (USD Million), 2018-2023
3. Australia Outplacement Services Market Forecast: Breakup by Product (USD Million), 2024-2032
4. Australia Outplacement Services Historical Market: Breakup by Type (USD Million), 2018-2023
5. Australia Outplacement Services Market Forecast: Breakup by Type (USD Million), 2024-2032
6. Australia Outplacement Services Historical Market: Breakup by Application (USD Million), 2018-2023
7. Australia Outplacement Services Market Forecast: Breakup by Application (USD Million), 2024-2032
8. Australia Outplacement Services Historical Market: Breakup by Region (USD Million), 2018-2023
9. Australia Outplacement Services Market Forecast: Breakup by Region (USD Million), 2024-2032
10. Australia Smart Home Market Structure
Key Questions Answered in the Report
The market was valued at USD 85.93 million in 2023.
The market is projected to grow at a CAGR of 4.79% between 2024 and 2032.
The revenue generated from the market is expected to reach USD 130.44 million in 2032.
The outplacement services market is categorised according to type, which includes group outplacement and personal outplacement.
The key players are Adecco Australia, Hays plc, Hudson Global resources (AUS) Pty Limited, Manpower Services (Australia) Pty Ltd., Prima Careers, Randstad Pty Limited, Arielle Executive, Outplacement Australia, and Katie Roberts Career Consulting among others.
Based on the product, the market is divided into HR consulting & training, redeployment, career development and outplacement.
The market is broken down into New South Wales, Victoria, Queensland, Australian Capital Territory, and Western Australia among others.
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