Educational Services in the US
The Educational Services sector comprises 13 subsectors of the US economy, ranging from public schools to testing and educational support operators. Many of the services provided by operators are staples, such as primary and secondary education, whereas others are more discretionary in nature, like business coaching and tutoring services. Operators in the public schools, private schools, community colleges, nonprofit universities and colleges and for-profit universities generate over 90.0% of sector revenue. As a result, the sector has benefited from increases in government funding for primary and secondary education, as well as funding for universities, since the primary source of revenue in these five subsectors comes from government funding at the local, state and federal level. Furthermore, operators have benefited from increases in per capita disposable income and an increasing number of households earning over $100,000 annually; due to these increases, consumers have become more willing to pay for private education and discretionary educational programs. Overall, sector revenue is anticipated to increase over the five years to 2018. qOver the five years to 2023, the Educational Services sector is anticipated to continue growing at a similar rate as the previous five-year period.
Educational Services sector is primarily involved in providing education across a broad spectrum of subjects and at diverse levels. Services offered by this sector include elementary and secondary schools, colleges and universities, technical and trade schools, fine art schools and language schools. Services provided by this sector are largely marketed toward public consumers, private consumers, business/commercial/government users and international students studying in the United States.
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.
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