Industry Analysis & Industry Trends
Over the five years to 2013, the Colleges and Universities industry is expected to exhibit steady growth. High unemployment and dire economic conditions caused more individuals to pursue higher education to boost their competitiveness in the job market, and the steady growth of high school retention rates also increased college enrollment. In the five years to 2018, IBISWorld projects industry revenue will increase due to steady demand for higher education. In addition, government funding will increase as the economy recovers... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Colleges and Universities industry is in the mature stage of its life cycle. In the 10 years to 2018, industry value added, which measures an industry's contribution to the overall economy, is forecast to increase at an average annual rate of 2.3%. Over the same period, US GDP is anticipated to grow at an annualized rate of 2.1%. As a result, this industry's importance to the overall economy is relatively stable, which indicates a mature industry. In general, an educated workforce is critical to economic growth, making this industry a vital component of the economy.
On average, demand for higher education is stable, which is representative of a mature industry. Demographic trends underpin demand for education services... purchase to read more