Japan Outplacement Services Market Insights Forecasts to 2032

• The Japan Outplacement Services Market Size was valued at USD 12.47 Billion in 2022.
• The Market Size is Growing at a CAGR of 6.25% % from 2022 to 2032.
• The Japan Outplacement Services Market Size is Expected to Reach 22.86 Billion by 2032.

Japan Outplacement Services Market Size is Expected to Reach USD 22.86 Billion by 2032, at a CAGR of 6.25% % during the forecast period 2022 to 2032. The benefits of litigation protection, economic feasibility, mass hiring by corporations, and frequent layoffs have been the primary drivers of the growth of the Japan Outplacement Services Market.

Market Overview

Outplacement services are provided by reputable organizations that are willing to support and assist employees who are leaving their jobs. A recruitment agency is a company that acquires new talent for open positions in the workforce, whereas an outsourcing agency assists former employees in transitioning to new jobs and re-orienting themselves in the labor market. Outplacement services offer both practical and emotional career coaching, allowing a person to avoid a competitive job and transition into a suitable new occupation as soon as possible. Outplacement is a service provided by a company to departing employees to assist them in finding new employment. In most cases, a company hires an outplacement firm to provide affected employees with outplacement services such as career counseling, advice, and assistance. While the goal of outplacement has remained consistent, the service's design has evolved dramatically in recent years to meet the changing needs of organizations. Companies usually provide CEOs and upper-level employees with career support in the form of a satellite office, phone, and assistant to assist them in their job search.

Report Coverage

This research report categorizes the market for Japan's outplacement services market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Japan outplacement services market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Japan outplacement services market.

Driving Factors

Japan's economy has been considerably restructured, resulting in workforce changes and redundancies in a variety of industries. Employers are increasingly recognizing the value of assisting displaced employees, which is driving up demand for outplacement services. Job seekers are looking for advice on how to improve their skills and match them with new job opportunities.

Restraining Factors

Due to cultural norms and communication styles, some traditional Japanese companies may be hesitant to adopt outplacement services, and small and medium-sized enterprises may perceive outplacement services as an additional expense, limiting their adoption.

Market Segment

• In 2022, the group outplacement segment accounted for the largest revenue share over the forecast period.

Based on the type, the Japan outplacement services market is segmented into group outplacement and personal outplacement. Among these, the group outplacement segment has the largest revenue share over the forecast period. The factors that can be attributed to the outplacement services employed by large enterprises. These large corporations use an outplacement service agency to help with mass hiring and transitioning employees to new jobs.

• In 2022, the IT & telecom segment accounted for the largest revenue share over the forecast period.

Based on application, the Japan outplacement services market is segmented into BFSI, IT & Telecom, retail, media & entertainment, government, public sector, manufacturing/healthcare. Among these, the IT & telecom segment has the largest revenue share over the forecast period.  The Information Technology (IT) sector has demonstrated its resilience by continuing to thrive, and qualified individuals are needed to maintain the trend. IT jobs may involve creating apps or systems, troubleshooting technological issues, or assisting others who use technology. Employers in the IT industry also require graduates in the business, marketing, human resources (HR), and financial sectors.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Japan outplacement services market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Adecco
• Ramstad Mercer
• Manpower group,
• Hays
• Hudson Global Japan Inc
• Prima Careers
• Career Insight Group.
• Santen Pharmaceutical Co., Ltd.
• NIDEK CO., LTD.
• HOYA Corporation
• Alcon Japan Ltd.
• Carl Zeiss Meditec AG
• TOPCON CORPORATION
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at regional, and country levels from 2021 to 2032. Spherical Insights has segmented the Japan Outplacement Services Market based on the below-mentioned segments:

Japan Outplacement Services Market, By Type

• Group Outplacement
• Personal Outplacement

Japan Outplacement Services Market, By Application

• BFSI
• IT & Telecom
• Retail, Media & Entertainment
• Government
• Public Sector
• Manufacturing/Healthcare