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Diversity and Inclusion (D&I) - Global Strategic Business Report

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    Report

  • 444 Pages
  • October 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5519706
The global market for Diversity and Inclusion (D&I) is estimated at US$10.9 Billion in 2023 and is projected to reach US$24.4 Billion by 2030, growing at a CAGR of 12.2% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

The growth in the Diversity and Inclusion (D&I) market is driven by several factors. Increasing awareness of the benefits of diverse and inclusive workplaces is a major driver, as numerous studies have demonstrated that D&I leads to better decision-making, innovation, and financial performance. The growing recognition of social justice issues and the demand for corporate responsibility have also pushed organizations to prioritize D&I. Technological advancements, such as D&I analytics platforms and training tools, have made it easier for organizations to implement and track D&I initiatives effectively.

Additionally, regulatory requirements and industry standards promoting diversity and non-discrimination are encouraging organizations to adopt comprehensive D&I policies. The rise of the global workforce and the need to attract and retain top talent from diverse backgrounds further underscore the importance of D&I in today's competitive business environment. These factors collectively highlight the dynamic expansion of the D&I market, reflecting its critical role in fostering equitable and high-performing organizational cultures.

Key Insights:

  • Market Growth: Understand the significant growth trajectory of the Employee Resource Groups (ERGs) segment, which is expected to reach US$7.0 Billion by 2030 with a CAGR of a 11.7%. The External Partnerships segment is also set to grow at 11.1% CAGR over the analysis period.

Why You Should Buy This Report:

  • Detailed Market Analysis: Access a thorough analysis of the Global Diversity and Inclusion (D&I) Market, covering all major geographic regions and market segments.
  • Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
  • Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Diversity and Inclusion (D&I) Market.
  • Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

  • How is the Global Diversity and Inclusion (D&I) Market expected to evolve by 2030?
  • What are the main drivers and restraints affecting the market?
  • Which market segments will grow the most over the forecast period?
  • How will market shares for different regions and segments change by 2030?
  • Who are the leading players in the market, and what are their prospects?

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of major players such as Affirmity, AllenComm, Artesian Collaborative, LLC, and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 152 Featured):

  • Affirmity
  • AllenComm
  • Artesian Collaborative, LLC
  • Atrixware, LLC
  • Berkshire
  • CABEM Technologies, LLC
  • CTM Unlimited
  • Deloitte
  • DiversityResources.com Inc
  • HR Works, Inc.
  • Korn Ferry
  • OutSolve
  • PeopleScout - A TrueBlue Company
  • PRISM International, Inc.
  • PwC Advisory LLC
  • Spectra Diversity LLC
  • Trupp HR, Inc.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Diversity & Inclusion, A Prelude
  • Diversity & Inclusion in the Workplace: A Fact Check
  • Humanity’s Struggle With Diversity. Why is it so Hard to Achieve Equality?
  • Percentage Share Breakdown of World Population by Race
  • It Makes Sense to Look for Cultural Survival & Importance in the Continued Use of Traditional Languages & Dialects: Global Number of People Speaking Native Languages as of the Year 2023 (In Million)
  • The World is Truly a Global Village: Breakdown of Ethnic Groups As a % of Total Population of Select Countries
  • Prevailing Corporate Sentiments on Diversity & Inclusion (In %)
  • Labor Globalization is the New Reality
  • Globalization Triggers Migration of Skilled Labor to Developed Countries
  • Attracting & Retaining Globally Mobile Skilled Migrants is the New Norm: Immigrant Workers as % of Total Labor Force in Developed Countries for the Years 1980, 1990, 2000, 2010, 2020, and 2023
  • The Current State of Diversity in the U.S., A Land of Cultural Diversity
  • What Does this Mean for Companies? It Means the Dawn of a New Era of D&I is Upon the Corporate World
  • D&I Percentage Score (%) of Major Companies: 2024
  • Reimagining Workforce Planning to Achieve Competitive Advantage in the Post-COVID-19 Era
  • Corporate Roles & Opportunities for Diversity & Inclusion is Increasing by the Day: % Increase in Diversity & Leadership Roles & Titles on LinkedIn 2015 Vs 2023
  • It’s Only the Marginalized Who Appreciate the Value of Business Diversity: % of White People & People of Color Who Believe Business Diversity Is Not Crucial for Professional Success
  • How Diversity, Equity, AND Inclusion Has Been Evolving in Recent Years
  • Here’s Evidence that Workplace Diversity Attracts Top Talent: % of Job Seekers Who Consider Diverse Workforce Before Accepting Job Offers
  • Want to Increase Profitability Then Its Time to See How Diverse Your Workforce Is: Revenue Performance of Companies With High & Low Diversity Scores
  • Economic Benefits of Diverse Workforce & Inclusive Work Environment Are Well Acknowledged Facts
  • Including ALL in the Fold, Here’s What Companies Do Not Know
  • A Recap of Challenges Plaguing Successful Implementation of D&I Programs
  • Symptoms of a Workplace Lacking D&I
  • Microaggression, the Often Overlooked Yet Critical Symptom of a Non-Inclusive Work Environment
  • What Can Companies to Do to Achieve their D&I Goals?
  • Implement D&I Best Practices in the Workplace
  • Acknowledging the Fact that Inclusive Leadership Vital to Success
  • Role of Manager Training & Bias Awareness in Achieving D&I Goals
  • Identifying & Addressing D&I Challenges
  • World Brands
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
  • Recent Market Activity
  • Diversity and Inclusion (D&I) - Global Key Competitors Percentage Market Share in 2024 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Current State of Diversity & Inclusion (D&I) Worldwide: A Review
  • Top Diversity, Equity, and Inclusion Trends for 2024 and Beyond
  • How Diversity and Inclusion Technology Can Bring Organizational-Level Changes
  • Diversity Hiring Picks Up as Millennial and Gen Z Job Seekers Prefer Companies with Workplace Diversity
  • Global Workforce Composition: % Breakdown of Male Vs Female Employees as of the Year 2023
  • Gender Disparity of People in Leadership Role Continues to Remain: Gender of People in Managerial & CEO Roles in Fortune 500 Companies as of the Year 2023
  • US Workforce Composition by Generation for Years 2023 & 2026
  • Racial Discrimination Still Remains Rife in Workplaces
  • Despite the Fact Diversity is Beneficial for a Company, the Reality is that Corporate Leaders Remain White & Male: Representation of Workforce in the U.S. by Role, Gender & Race as of the Year 2023
  • US Workforce Composition by Race and Ethnicity: 2024
  • What is Racial Discrimination?
  • Racism Remains the Bitter Reality Despite Laws
  • Slow Progress: Racism Continues to Survive & Thrive
  • Sexism & Racism: A Tough Combination for Women of Color
  • Ways to Effectively Deal with Racial Discrimination at Workplaces
  • Female Empowerment Improves as Evidenced by Increasing Share in Leadership Roles
  • Creating a More LGBTQ Inclusive Workplace?
  • Composition of LGBTQ Workforce (In %) by Age Group as of the Year 2023
% of LGBTQ Workforce Who Experience Discrimination in the Workplace
  • Important Role of Employee Resource Groups (ERGs) in Achieving Diversity in the Workplace
  • Technology Comes to the Aid of D&I Implementation
  • Technological Interventions Expedite D&I Initiatives
  • Advanced Technology Covers Diverse Aspects of D&I Initiatives
  • AI to Gain Strong Adoption to Facilitate DEI
  • Using AI to Eliminate Biases
  • Innovator Diversity Key for Sustainable Innovation - But Is the System There Yet?
  • Variegated Teams for Fostering Innovation in Organizations
  • Special Focus on DEI in the US TV & Film Industry
  • Hollywood is Far from Adequately Representing Minority Groups
  • Damaging Impact of “Gone With The Wind” On Hollywood Racism
  • Black Representation In The U.S Film Industry: A Special Focus
  • Overcoming Challenges. Here’s How It Can Be Done
  • Gender Disparity in Hollywood
  • What Better Indication of Rampant Sexual Objectification of Women Than This! Salaries of Hollywood Stars by Age and Gender (In US$ 000s)
  • Diverse Films Generate More Revenues! It’s a Fact
  • What are the Solutions to Encourage & Build Diversity, Equity & Inclusion in the Movie Industry?
4. GLOBAL MARKET PERSPECTIVE
  • TABLE 1: World Diversity and Inclusion (D&I) Market Analysis of Annual Sales in US$ Million for Years 2022 through 2030
  • TABLE 2: World Recent Past, Current & Future Analysis for Diversity and Inclusion (D&I) by Geographic Region - USA, Canada, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Spending in US$ Million for Years 2023 through 2030 and % CAGR
  • TABLE 3: World 7-Year Perspective for Diversity and Inclusion (D&I) by Geographic Region - Percentage Breakdown of Value Spending for USA, Canada, Europe, Asia-Pacific and Rest of World Markets for Years 2024 & 2030
  • TABLE 4: World Recent Past, Current & Future Analysis for Employee Resource Groups (ERGs) by Geographic Region - USA, Canada, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Spending in US$ Million for Years 2023 through 2030 and % CAGR
  • TABLE 5: World 7-Year Perspective for Employee Resource Groups (ERGs) by Geographic Region - Percentage Breakdown of Value Spending for USA, Canada, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
  • TABLE 6: World Recent Past, Current & Future Analysis for External Partnerships by Geographic Region - USA, Canada, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Spending in US$ Million for Years 2023 through 2030 and % CAGR
  • TABLE 7: World 7-Year Perspective for External Partnerships by Geographic Region - Percentage Breakdown of Value Spending for USA, Canada, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
  • TABLE 8: World Recent Past, Current & Future Analysis for Training & Development by Geographic Region - USA, Canada, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Spending in US$ Million for Years 2023 through 2030 and % CAGR
  • TABLE 9: World 7-Year Perspective for Training & Development by Geographic Region - Percentage Breakdown of Value Spending for USA, Canada, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
  • TABLE 10: World Recent Past, Current & Future Analysis for Recruitment by Geographic Region - USA, Canada, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Spending in US$ Million for Years 2023 through 2030 and % CAGR
  • TABLE 11: World 7-Year Perspective for Recruitment by Geographic Region - Percentage Breakdown of Value Spending for USA, Canada, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
  • TABLE 12: World Recent Past, Current & Future Analysis for Other Segments by Geographic Region - USA, Canada, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Spending in US$ Million for Years 2023 through 2030 and % CAGR
  • TABLE 13: World 7-Year Perspective for Other Segments by Geographic Region - Percentage Breakdown of Value Spending for USA, Canada, Europe, Asia-Pacific and Rest of World for Years 2024 & 2030
III. MARKET ANALYSIS
UNITED STATES
  • Diversity and Inclusion (D&I) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
  • TABLE 14: USA Recent Past, Current & Future Analysis for Diversity and Inclusion (D&I) by Segment - Employee Resource Groups (ERGs), External Partnerships, Training & Development, Recruitment and Other Segments - Independent Analysis of Annual Spending in US$ Million for the Years 2023 through 2030 and % CAGR
  • TABLE 15: USA 7-Year Perspective for Diversity and Inclusion (D&I) by Segment - Percentage Breakdown of Value Spending for Employee Resource Groups (ERGs), External Partnerships, Training & Development, Recruitment and Other Segments for the Years 2024 & 2030
CANADA
  • TABLE 16: Canada Recent Past, Current & Future Analysis for Diversity and Inclusion (D&I) by Segment - Employee Resource Groups (ERGs), External Partnerships, Training & Development, Recruitment and Other Segments - Independent Analysis of Annual Spending in US$ Million for the Years 2023 through 2030 and % CAGR
  • TABLE 17: Canada 7-Year Perspective for Diversity and Inclusion (D&I) by Segment - Percentage Breakdown of Value Spending for Employee Resource Groups (ERGs), External Partnerships, Training & Development, Recruitment and Other Segments for the Years 2024 & 2030
EUROPE
  • Diversity and Inclusion (D&I) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
  • TABLE 18: Europe Recent Past, Current & Future Analysis for Diversity and Inclusion (D&I) by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Spending in US$ Million for Years 2023 through 2030 and % CAGR
  • TABLE 19: Europe 7-Year Perspective for Diversity and Inclusion (D&I) by Geographic Region - Percentage Breakdown of Value Spending for France, Germany, Italy, UK and Rest of Europe Markets for Years 2024 & 2030
  • TABLE 20: Europe Recent Past, Current & Future Analysis for Diversity and Inclusion (D&I) by Segment - Employee Resource Groups (ERGs), External Partnerships, Training & Development, Recruitment and Other Segments - Independent Analysis of Annual Spending in US$ Million for the Years 2023 through 2030 and % CAGR
  • TABLE 21: Europe 7-Year Perspective for Diversity and Inclusion (D&I) by Segment - Percentage Breakdown of Value Spending for Employee Resource Groups (ERGs), External Partnerships, Training & Development, Recruitment and Other Segments for the Years 2024 & 2030
FRANCE
  • TABLE 22: France Recent Past, Current & Future Analysis for Diversity and Inclusion (D&I) by Segment - Employee Resource Groups (ERGs), External Partnerships, Training & Development, Recruitment and Other Segments - Independent Analysis of Annual Spending in US$ Million for the Years 2023 through 2030 and % CAGR
  • TABLE 23: France 7-Year Perspective for Diversity and Inclusion (D&I) by Segment - Percentage Breakdown of Value Spending for Employee Resource Groups (ERGs), External Partnerships, Training & Development, Recruitment and Other Segments for the Years 2024 & 2030
GERMANY
  • TABLE 24: Germany Recent Past, Current & Future Analysis for Diversity and Inclusion (D&I) by Segment - Employee Resource Groups (ERGs), External Partnerships, Training & Development, Recruitment and Other Segments - Independent Analysis of Annual Spending in US$ Million for the Years 2023 through 2030 and % CAGR
  • TABLE 25: Germany 7-Year Perspective for Diversity and Inclusion (D&I) by Segment - Percentage Breakdown of Value Spending for Employee Resource Groups (ERGs), External Partnerships, Training & Development, Recruitment and Other Segments for the Years 2024 & 2030
ITALY
  • TABLE 26: Italy Recent Past, Current & Future Analysis for Diversity and Inclusion (D&I) by Segment - Employee Resource Groups (ERGs), External Partnerships, Training & Development, Recruitment and Other Segments - Independent Analysis of Annual Spending in US$ Million for the Years 2023 through 2030 and % CAGR
  • TABLE 27: Italy 7-Year Perspective for Diversity and Inclusion (D&I) by Segment - Percentage Breakdown of Value Spending for Employee Resource Groups (ERGs), External Partnerships, Training & Development, Recruitment and Other Segments for the Years 2024 & 2030
UNITED KINGDOM
  • TABLE 28: UK Recent Past, Current & Future Analysis for Diversity and Inclusion (D&I) by Segment - Employee Resource Groups (ERGs), External Partnerships, Training & Development, Recruitment and Other Segments - Independent Analysis of Annual Spending in US$ Million for the Years 2023 through 2030 and % CAGR
  • TABLE 29: UK 7-Year Perspective for Diversity and Inclusion (D&I) by Segment - Percentage Breakdown of Value Spending for Employee Resource Groups (ERGs), External Partnerships, Training & Development, Recruitment and Other Segments for the Years 2024 & 2030
REST OF EUROPE
  • TABLE 30: Rest of Europe Recent Past, Current & Future Analysis for Diversity and Inclusion (D&I) by Segment - Employee Resource Groups (ERGs), External Partnerships, Training & Development, Recruitment and Other Segments - Independent Analysis of Annual Spending in US$ Million for the Years 2023 through 2030 and % CAGR
  • TABLE 31: Rest of Europe 7-Year Perspective for Diversity and Inclusion (D&I) by Segment - Percentage Breakdown of Value Spending for Employee Resource Groups (ERGs), External Partnerships, Training & Development, Recruitment and Other Segments for the Years 2024 & 2030
ASIA-PACIFIC
  • Diversity and Inclusion (D&I) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
  • TABLE 32: Asia-Pacific Recent Past, Current & Future Analysis for Diversity and Inclusion (D&I) by Segment - Employee Resource Groups (ERGs), External Partnerships, Training & Development, Recruitment and Other Segments - Independent Analysis of Annual Spending in US$ Million for the Years 2023 through 2030 and % CAGR
  • TABLE 33: Asia-Pacific 7-Year Perspective for Diversity and Inclusion (D&I) by Segment - Percentage Breakdown of Value Spending for Employee Resource Groups (ERGs), External Partnerships, Training & Development, Recruitment and Other Segments for the Years 2024 & 2030
REST OF WORLD
  • TABLE 34: Rest of World Recent Past, Current & Future Analysis for Diversity and Inclusion (D&I) by Segment - Employee Resource Groups (ERGs), External Partnerships, Training & Development, Recruitment and Other Segments - Independent Analysis of Annual Spending in US$ Million for the Years 2023 through 2030 and % CAGR
  • TABLE 35: Rest of World 7-Year Perspective for Diversity and Inclusion (D&I) by Segment - Percentage Breakdown of Value Spending for Employee Resource Groups (ERGs), External Partnerships, Training & Development, Recruitment and Other Segments for the Years 2024 & 2030
IV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Affirmity
  • AllenComm
  • Artesian Collaborative, LLC
  • Atrixware, LLC
  • Berkshire
  • CABEM Technologies, LLC
  • CTM Unlimited
  • Deloitte
  • DiversityResources.com Inc
  • HR Works, Inc.
  • Korn Ferry
  • OutSolve
  • PeopleScout - A TrueBlue Company
  • PRISM International, Inc.
  • PwC Advisory LLC
  • Spectra Diversity LLC
  • Trupp HR, Inc.

Table Information