The Community Colleges industry decreased slightly over the past five years. As a result of slow economic recovery, government funding for universities fell, causing revenue to decrease as well. However, high demand for technical training and online education were able to positively impact the industry. In the five years to 2019, his industry is projected to return to growth due to renewed government education funding. While the recovering labor market will cause some individuals to forgo higher education, steady demand for skilled professions such as nurses and electricians will stimulate enrollment in technical and vocational courses.
Community colleges are post-secondary educational institutions offering college transfer courses and programs (including the first two years of college instruction); vocational, technical and semiprofessional occupational programs; and general educational programs. Community colleges confer associate degrees, certificates or diplomas below the baccalaureate level. This industry includes public, private nonprofit and for-profit community colleges.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.