Testing & Educational Support in the US
Overall, the Testing and Educational Support industry has experienced surging growth over the five years to 2018 as rising student enrollment in US schools has been bolstered by steady growth in levels of US corporate profit and disposable income. For instance, with a growing number of high school graduates taking the SAT or the ACT exams, competition for college placement is high, boosting demand for college admissions consulting and test preparation materials. At the same time, industry revenue growth has been somewhat limited during the period by prolonged state budget deficits and shifting fiscal priorities, both of which have constrained the level of government funding for education. Moving forward, expanding enrollment in US schools and improving levels of disposable income and corporate profit will continue to drive industry growth. Moreover, the value of government funding for elementary, secondary and postsecondary education is expected to increase.
Operators in this industry provide noninstructional support services for education industries. The major segments of this industry are educational testing services and educational consultants. This industry does not include computer software designers that develop education support software; those operations are included in the IT Consulting industry (IBISWorld report 54151).
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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