|Last Quarterly Update:||1/9/2017|
|NAICS Codes:||6114, 6115, 6116|
|Industry Overview||Trends & Challenges||Industry Forecast|
|Quarterly Industry Update||Call Prep Questions||Website & Media Links|
|Business Challenges||Financial Information||Glossary & Acronyms|
Companies in this industry include business and secretarial schools; technical and trade schools; and providers of tutoring, exam preparation, and other instruction. Major companies include Apollo Education Group, Career Education Corporation (CEC), and Kaplan (all based in the US), along with China's New Oriental Education & Technology Group, India's NIIT Limited, and Japan's Benesse Corporation (owner of language training provider Berlitz International).
Global education and training services companies are increasingly looking to emerging economies for new growth opportunities. Developing nations such as China and India often rely on education and training services to help support economic growth.
The US education and training services industry includes about 65,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $50 billion.
Companies in this industry may offer job-specific certification; professional training; and classes emphasizing self-fulfillment, leisure, and hobbies. Many of the industry's services fall under the category of career and technical education (CTE), historically known as vocational and technical education, or vo-tech. High schools, community colleges, universities, and educational support services are not included in this industry.
Demand is driven primarily by employment trends and personal income. The profitability of individual companies depends on efficient operations. Large companies have advantages in marketing and offering a wide range of classes and services. Small companies can compete effectively through personalized service and customized instruction. The US industry is highly ...
Would you or your company benefit from having unlimited access to First Research's industry intelligence tools?Learn More About Subscription Options