Given operators' reliance on government funding, institutions in the Public Schools industry were unable to avoid state government budgetary problems that began during the recession. Federal funds helped soften this blow, but were unable to completely cover school budgets. This trend has not yet reversed, with the federal government supplying higher levels of funding only in 2013. Over the next five years, the federal government is expected to push for pay-for-performance programs, quantitative evaluation metrics and other education reforms. While these programs are intended to improve the quality of education, teachers unions have voiced opposition. Still, as state budget deficits narrow over the five years to 2021, state education funding is projected to steadily recover.
The Public Schools industry includes elementary and secondary schools supported by government funds to provide free education for a community or district’s children from kindergarten through grade 12. Public schools all operate on a nonprofit basis.
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.