Testing & Educational Support in the US
The Testing and Educational Support industry has prospered over the five years to 2019 thanks to rising student enrollment in US schools. Over the past five years, growth in government funding for education and household income levels has bolstered demand for educational services. Moreover, with a growing number of high school graduates taking the SAT and ACT exams, competition for college placement is high, boosting demand for college admissions consulting and test preparation materials. Moving forward, expanding enrollment in US schools combined with improving levels of disposable income and private donations will continue to drive industry growth. Moreover, the value of government funding for postsecondary education is expected to continue accelerating amid continued strengthening in the US economy. However, price competition is expected to intensify as more players enter the industry, limiting profit growth.
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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