Global Coaching Industry Statistics for 2019 3 fast-growing niches for business coaches Executive coaching vs Business coaching Executive coaching 2022: future trends Coaching and Technology 2 Threats and a pair of Opportunities 6 methods of measuring the advantages of coaching in 2019 IBISWorld estimates the business coaching industry revenue increased to $15 billion in 2019 at an annualized rate of 5.6%. Education has become very famous via the coaching method. In 2015, the estimated global revenue from coaching was $2.356 billion. Global Coaching Industry Statistics Here are the most findings of the 2016 Global Coaching Study commissioned by the International Coaching Federation: The total number of coaches who are working worldwide will be almost 53,000 professional coaching practitioners. Total revenue generated worldwide from coaching in 2015 was $2.356 billion, representing a 19% increase over the 2011 estimate published within the 2012 ICF Global Coaching Study;
The average revenue that is generated due to coaching is almost 51,000 dollars. An active coach practitioner maintains a median of 11 clients at any given time; 67% of world coaches are women, with the very best attention in North America, Eastern and Europe 6% of coach practitioners are under the age of 35, with the most important numbers being in Eastern Europe (17%), geographical region and therefore the Caribbean (11%) and Asia (9%); 54% of worldwide clients are women. There are so many niches that are fast-growing in coaching. The main niche is the life coach niche. It is kind of a total bound of all the niches and also the starting point for many niches. There will be so many common niches that originate from this coaching niche.
3 Fast-growing niches for business coaches via Forbes:
- Women empowerment coach the work of a women empowerment coach is to help women with their limiting beliefs and help them overcome their conditioned responses. Motherhood isn’t any longer their sole legacy in life. They seek self-actualization and finding their unique purpose in life.
- Employee satisfaction coach Employee happiness and satisfaction are important for business success and employers are alert to that. Employees want quite a better paycheck. The job of an employee satisfaction coach is to heal broken relationships within the company. Mostly it’s about the employee’s relationship with themselves and their motivations within the team.
- Sales coach Sales coaches establish an extended and more frequent relationship with sales representatives than traditional sales training. Their purpose is to make sure sales reps perform at their peak and convey in accounts to hit their quotas. Executive coaching v Business coaching In its 2019 Executive Coaching Survey, Sherpa Coaching defines executive coaching as “regular meetings between a frontrunner and a trained facilitator, designed to supply positive changes in business behaviour during a limited timeframe.” Don’t confuse executive coaching with business coaching! Business coaching is different from executive coaching therein it entails working to develop the client’s knowledge and skills. Executive Coaching 2022: Future Trends Coaching will become a commodity and costs will decrease (57%); Professional coaching for Millennials leaders will increase (82%). In total, 23% of coach practitioners surveyed reported their clients are under the age of 35.4; App-based coaching platforms will become a major player within the industry (67%); Leader-as-coach training will become more prevalent (89%); Team coaching will increase (83%); Leadership development programs will include additional coaching (89%)