The 52-year-old has thought long and hard about whether or not he has the drive and spirit to continue working and has eventually opted to stay.
The Football Association (FA) and several England players have publicly and privately endorsed Southgate to hold onto his post until his contract expires in December 2024.
Following the defeat in Qatar, several players, including Harry Kane, Declan Rice, Jude Bellingham, and Harry Maguire, spoke out to keep Southgate as a coach.
The top echelons of English football, including FA chief executive Mark Bullingham, have backed Southgate in the interim.
His followers hold on to the hope that the Three Lions may triumph in competition despite losing in the quarterfinals this time, the final at Euro 2020, and the 2018 World Cup semi-finals.
Southgate has considered the supporters' reaction, which was less intense than it had been following England's previous tournament eliminations.
He had earlier voiced "conflict" after his poor Nations League performance sparked a backlash from the crowd and on social media.
After England's 4-0 defeat to Hungary at Wolves' Molineux, Southgate said, "I've found huge periods of the previous 18 months tough," recalling the chants of "sacked in the morning."
Many predict that Southgate will continue as coach till Euro 2024.