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Coaching Industry: Global Opportunities, Market and Growth

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christine monk
Coaching Industry: Global Opportunities, Market and Growth

A search for ‘Coaches’ world-wide over LinkedIn as of April 2020, gives over 6,280,000 results. A survey by ICF from 2009 estimated about 47,500 coaches worldwide which represent over 132 times (13,200%) growth in volume over the past decade.

Interesting, given how short the industry has been discovered.

Coaching first appeared on the scene approximately 20 years ago, gained considerable popularity in the last decade, and is now something that the majority of organisations are pursuing, particularly for their top talent.

It shouldn’t be a surprise that the coaching supplier network is over-booming as well with an ocean of potential customers. So to succeed as a Coach nowadays, you need to know your market and its requirements well to know what to focus on, what to invest in as well as where your future lies — what are the growing trends to help you develop your brand.

And as a coaching client, it’s good to have an awareness of all these aspects to ensure you’re looking for and working with the most suitable people for yourself.

A Look At Number of Coaches in 2021

Fast forward to 2020, and there are five International Coaching Federation Chapters in cities across India. What’s more, there are approximately 4,500 trained coaches across India and several Indian and International coaching courses as well. India has hosted a few local, national and global coaching conferences to create awareness of coaching as well. The pressure to perform, be agile and innovative, develop and empower teams, and a desire to experience life, is clearly making it imperative for leaders to build self-awareness. The reflective presence of a coach helps the client to develop self-awareness and facilitates the client to act relevantly and collaboratively.

Globally speaking, according to the International Coach Federation, in 2011 there were 53,300 coaches, up from 47,500 part-time and full-time coaches worldwide. About 92 percent of them are active. Of these, 33 percent operate in the United States – a total of 17,500 coaches. It is expected the market value to reach USD 1.34 billion by 2022 – or a 6.7 percent average yearly growth rate from 2016 to 2022.

The biggest challenge faced in  coaching today is that untrained and incompetent coaches are damaging the reputation of the industry.

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