Public Schools K-12 Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 12/11/2023
SIC Codes: 8211
NAICS Codes: 61111
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 Public Schools K-12 Industry Profile

Institutions in this industry provide primary and secondary classroom education as part of public school systems. The biggest US districts include Chicago Public Schools, Los Angeles Unified, and New York City Department of Education, according to World Atlas.

Globally, nearly 740 million students are enrolled in primary schools and more than 600 million students attend secondary schools, according to Statista.

There are about 130,000 public and private K-12 schools in the US, according to the National Center for Education Statistics (NCES). Federal, state, and local governments collected about $800 billion in annual revenue for public elementary and secondary schools.

COMPETITIVE LANDSCAPE

Demand is driven by demographics. The success of individual schools depends largely on funding, the ability to attract effective teachers, and student performance; parental support can be a contributing factor. Schools in affluent communities may receive more local funding support and be able to offer a wider range of instruction.

PRODUCTS, OPERATIONS & TECHNOLOGY

Public schools provide education in basic subjects through a curriculum that is relatively similar in all schools. Students are usually grouped by age. In addition to regular school programs, school districts might run vocational, special education, bilingual education, or pre- and after-school programs. Districts are responsible for providing transportation for students. Some districts operate their own school bus systems, and some large urban districts have a school police force. In addition to regular schools, districts may operate magnet schools, each with a ...

 
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