Industry Analysis & Industry Trends
Many online businesses have developed convenient tools and programs for students as a substitute for services provided by the Tutoring and Test Preparation Franchises. Low employment has further depressed consumer spending on tutoring and test preparation. To attract clients, industry franchises have spent an increasing proportion of revenue on high-quality teachers and marketing, which have caused costs to skyrocket and hurt profitability. In the five years to 2019, the industry will benefit from rising employment, school enrollment, government funding and disposable income. Nonetheless, competition from online-only services will continue to remain a challenge.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Tutoring & Test Preparation Franchises industry is in the growth stage of its life cycle. During the ten years to 2019, industry value added (IVA), which measures the industry's contribution to overall economic growth, is expected to expand at an average annual rate of 4.0%. Gross domestic product, meanwhile, is projected to grow at an annualized rate of 2.5% over the same period, indicating that the industry is expanding at a faster rate than the overall economy.
The market for industry services is expanding as student enrollment rises in primary and secondary education. For example, K-12 students, the largest market for industry services, are expected to grow at an average annual rate of 0.7% to more than 57.5 million during the next five years... purchase to read more