
Testing & Educational Support in the US - Industry Market Research Report
Description
Testing & Educational Support in the US
Growth in education funding and income levels have bolstered demand for testing and educational support services. However, this growth is offset by a stagnating number of high school graduates who potentially require test preparation materials before taking the SAT and ACT exams. In 2020, the COVID-19 outbreak led to the cancellations of multiple test exams and school closures throughout the country. Fortunately, demand for these services has resumed thanks to the rollout of vaccines. Ultimately, industry revenue expanded at a CAGR of 3.6% to $26.1 billion over the past five years, including a decline of 1.3% in 2023 alone.
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.
Growth in education funding and income levels have bolstered demand for testing and educational support services. However, this growth is offset by a stagnating number of high school graduates who potentially require test preparation materials before taking the SAT and ACT exams. In 2020, the COVID-19 outbreak led to the cancellations of multiple test exams and school closures throughout the country. Fortunately, demand for these services has resumed thanks to the rollout of vaccines. Ultimately, industry revenue expanded at a CAGR of 3.6% to $26.1 billion over the past five years, including a decline of 1.3% in 2023 alone.
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.
Table of Contents
43 Pages
- ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Search Inside Report
Pricing
Currency Rates
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