Education & Training Services Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 3/22/2021
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, K12, and Perdoceo Education Corporation (all based in the US); as well as Benesse Holdings (Japan), New Oriental Education & Technology Group (China), and NIIT Limited (India).

The global education and training services market was estimated at $3.1 trillion in 2019 and is expected to reach $4.2 trillion by 2023, with a yearly growth rate of 9% starting 2021. Leading geographic regions are Asia Pacific, Western Europe, and North America, according to The Business Research Company. 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 68,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $49 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 ...

 
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