The coaching industry is a rapidly growing field, with the global market size expected to reach $20 billion by 2022. According to McKinsey & Company, the global coaching market grew 19% from 2015-2019 and Asia-Pacific is projected to have the highest growth rate of any region between 2017-2022. Executive coaches charge an average hourly rate of $350 and there are over 41,000 members in 143 countries represented by The International Coach Federation (ICF). In 2016, approximately 53,300 coaches were working globally; North America represents 47.6% of this worldwide share and generated $1.389 billion in 2019 alone. Internet/e-Coaching accounts for more than 75% of all coaching services provided today while 98.5% of clients report high satisfaction with their experience overall – making it one of the most successful industries out there.
Moreover, 92 percent of these professionals are self employed while only 7 percent work as employees for organizations – showing that many people find success through starting their own business within this sector. Additionally, when it comes to topics covered during sessions: work life balance (WLB), time management and stress management top off as some popular choices among clients seeking help from professional coaches around the world – usually lasting seven months on average per engagement session according to Harvard Business Review’s 2018 study findings . Furthermore ,98 %of surveyed companies plan on offering such services within five years due mainly because 52 .9 % already offer them in leadership development contexts ; 83 % use them primarily for performance issues resolution purposes too . Home based businesses accounted 9 .3 %of total market share back in 2018 whereas 82 .7 had coach specific training certifications which allowed 25percentage points amongst those who earned 50k up until 100 k annually at least . Last but not least 51 percentage points reported having robust cultures regarding same topic matter according Human Capital Institute ‘ s survey results published back 2015
Coaching Industry Statistics Overview
Asia-Pacific is expected to have the highest growth rate of the coaching industry from 2017-2022.
This statistic is significant in the context of the blog post about Coaching Industry Statistics because it highlights the potential for growth in the Asia-Pacific region. It indicates that the coaching industry in this region is likely to experience a surge in demand, which could lead to increased opportunities for coaches and businesses in the area. Furthermore, it could also provide insight into the potential for expansion of the coaching industry in other parts of the world.
Executive coaches charge an average hourly rate of $350.
This statistic is a telling indication of the value placed on executive coaching services. It speaks to the perceived worth of the expertise and experience of executive coaches, and the potential return on investment for those who seek out their services. It is an important data point for anyone considering engaging an executive coach, and provides insight into the current state of the coaching industry.
The International Coach Federation (ICF) has over 41,000 members and represents coaches in 143 countries.
This statistic speaks volumes about the reach and influence of the International Coach Federation (ICF). With over 41,000 members and representation in 143 countries, it is clear that the ICF is a major player in the coaching industry. This statistic is a testament to the organization’s success in connecting coaches from around the world and providing them with the resources and support they need to succeed.
In 2016, approximately 53,300 coaches were working globally.
This statistic is a testament to the growing popularity of coaching as a profession. It shows that more and more people are recognizing the value of having a coach to help them reach their goals and achieve success. It also indicates that the coaching industry is thriving, with more and more people turning to coaches for guidance and support. This is an encouraging sign for those looking to enter the field, as it suggests that there is a strong demand for coaches and that the industry is likely to continue to grow in the future.
92% of coaches are self-employed and only 7% work as employees for organizations.
This statistic is a telling indication of the Coaching Industry’s landscape. It reveals that the majority of coaches are independent contractors, relying on their own resources and networks to build their businesses. This highlights the entrepreneurial spirit of the industry, and the potential for coaches to create their own success.
On average, an executive coaching engagement lasts for seven months.
This statistic is a valuable insight into the coaching industry, as it provides an indication of the typical duration of an executive coaching engagement. It can be used to inform potential clients of the expected timeline for their coaching journey, as well as to help coaches plan their workloads and manage their resources accordingly. Furthermore, it can be used to compare the average duration of executive coaching engagements with those of other industries, providing a useful benchmark for the coaching industry.
98% of surveyed organizations plan to offer coaching within the next five years.
This statistic is a testament to the growing popularity of coaching as a tool for organizational development. It indicates that more and more organizations are recognizing the value of coaching and are investing in it for the long-term. This statistic is a clear indication that the coaching industry is on the rise and is likely to continue to grow in the coming years.
52.9% of surveyed organizations offer coaching services in a leadership development context.
This statistic is a powerful indicator of the prevalence of coaching services in the leadership development context. It shows that the majority of surveyed organizations are taking advantage of the benefits of coaching, which can include improved communication, increased productivity, and enhanced team morale. This statistic is an important piece of evidence that can be used to demonstrate the value of coaching in the workplace and the potential impact it can have on organizational success.
82.7% of coaches worldwide have coach-specific training.
This statistic is a testament to the dedication of coaches worldwide to providing the best possible service to their clients. It shows that coaches are taking the time to invest in their own education and development, ensuring that they are well-equipped to help their clients reach their goals. This statistic is a powerful reminder of the commitment that coaches have to their profession and to their clients.
25% of coaches have an annual income derived from coaching between $50,000 to $100,000.
This statistic is a telling indication of the potential financial success that can be achieved through coaching. It shows that a quarter of coaches are able to make a comfortable living from their profession, and that there is potential for further growth. This is an important statistic to consider when looking at the overall health of the coaching industry.
51% of organizations have a robust coaching culture, as reported by the Human Capital Institute in 2015.
This statistic is a powerful indicator of the growing importance of coaching in the workplace. It shows that a majority of organizations recognize the value of coaching and have taken steps to create a culture that supports it. This is an important statistic to consider when discussing the current state of the coaching industry, as it demonstrates the increasing prevalence of coaching in the workplace.
The female coaching market grew 33% faster than the male coaching market from 2012 to 2017.
This statistic is a testament to the increasing demand for female coaches in the industry, indicating that more and more people are recognizing the value of having a female coach. It also speaks to the growing trend of gender equality in the coaching industry, as more and more women are being given the opportunity to lead and mentor. This statistic is a powerful reminder that the coaching industry is becoming more inclusive and diverse, and that the industry is evolving to meet the needs of its clients.
Conclusion
The coaching industry is a rapidly growing field with immense potential for growth. The global market size of the coaching industry is expected to reach $20 billion by 2022, and it has already grown 19% from 2015 to 2019. Asia-Pacific is projected to have the highest growth rate in this period, while North America currently holds 47.6% of the worldwide market share and generated $1.389 billion in 2019 alone. Executive coaches charge an average hourly rate of $350, and 98.5% of all coaching services are provided online or through e-Coaching platforms such as Skype or Zoom calls.
The International Coach Federation (ICF) represents over 41,000 members across 143 countries globally; however only 7% work as employees for organizations while 92% are self-employed professionals who offer their services independently on various digital platforms like Upwork or Fiverr etc., In 2016 there were approximately 53,300 coaches working around the world according to ICF’s Global Coaching Study report which also revealed that 98 %of clients reported high satisfaction with their experience after being coached on topics such as work life balance , time management & stress management . Home based businesses accounted for 9 .3 %of total revenue earned by these independent contractors in 2018 whereas 25 %earned between 50k -100 k annually . According to Human Capital Institute 51 percent organisations had robust coach culture back in 2015 & female dominated markets grew 33 percent faster than male counterparts during 2012 – 2017 period making it one lucrative career option today .
References
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