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 Products Chapter
Accounting for about 35.0% of industry revenue, exam preparation services include preparation for college entrance exams and professional examinations. During the past five years, this segment has grown as a percentage of industry revenue as an increasing number of students prepare for standardized testing and compete for college admission. K-12 students generally use exam preparation services for the SATs, ACTs and other placement exams for college classes. College students use industry services for graduate school admissions exams such as the GMAT, LSAT and MCAT exams.
Tutoring services represent the largest percentage of industry revenue at 65.0%... purchase to read more