THE OPPORTUNITY
Global Market
The global Relocation Management Service market size was valued at USD 31420.56 million in 2021 and is expected to expand at a CAGR of 2.91% during the forecast period, reaching USD 37321.53 million by 2027. (Yahoo Finance)
1,010,923 Annual Relocations
The number of people moving in and out of the country — added 1,010,923 people between 2021 and 2022 and was the primary driver of growth. This represents 168.8% growth (Census.gov)
$14.2 Billion in 2023
Expected spend on Employee Relocation Services in the US Market Size in 2023. (Ibis World)
The Opportunity
With advancements in digital tools, the entire process of relocating can be made more efficient and streamlined. From finding a new place to live, to managing the logistics of the move, technology can help make the experience more manageable and less stressful. Additionally, new technologies such as AI-powered personal assistants and virtual reality can provide even greater support and guidance throughout the process. The use of technology has the potential to revolutionize the way people think about and approach relocating, making it a more accessible and positive experience.