Education & Training Services Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 11/29/2021
SIC Codes: 8244
NAICS Codes: 6114, 6115, 6116
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
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Excerpt from Education & Training Services Industry Profile

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 Adtalem Global Education, Apollo Education Group, Kaplan, Stride K12, and Perdoceo Education Corporation (all based in the US); as well as Benesse Holdings (Japan), New Oriental (China), and NIIT (India).

Developing nations such as China and India often rely on education and training services to help support their growth. For example, NIIT Limited of India has expanded its presence in China, Indonesia, South Africa, Nigeria, and Malaysia. The global adult literacy rate is more than 85%, according to the World Bank.

The US education and training services industry includes about 70,000 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). High schools, community colleges, universities, and educational support services are not included in this industry.

COMPETITIVE LANDSCAPE

The education and training services industry is in a transitional phase, as tighter government regulation of for-profit career schools has forced several institutions to close in recent years. At the same time, other career and technical education providers have benefited from growing support for vocational training from high schools, businesses, ...

 
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