|Last Quarterly Update:||10/7/2013|
|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 Group, Career Education Corporation (CEC), ITT Educational Services, 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 50,000 companies and many more self-employed individuals with combined annual revenue of about $47 billion. Growth may come from online education and international expansion.
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 education, or "vo-tech." High schools, community colleges, universities, and educational support services are not included in this industry.
Demand for certification classes is driven by employment trends in the medical, high technology, and manufacturing industries. Demand for classes emphasizing self-fulfillment is driven by personal income. The profitability of individual companies depends on maintaining low operating costs and recruiting enough students. Large ...
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