Industry Analysis & Industry Trends
Many online businesses have developed convenient tools and programs for students as a substitute for industry services. 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 next five years, the industry will benefit from rising employment, school enrollment, government funding and disposable income. Nonetheless, competition from online-only services will still represent a challenge.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The market for industry services is expanding as student enrollment rises in primary and secondary education. As a result, the industry's contribution to the economy, as measured by industry value added (IVA), is expected to expand during the 10 years to 2018. While gross domestic product is projected to grow at a 2.1% annualized rate, IVA is forecast to increase 4.0% annually on average.
Although competition from outside the industry has limited expansion and pressured pricing, the industry is responding through higher-quality offerings. Wages are projected to rise at a 4.6% annualized 10-year rate to $530.9 million by 2018 as a result... purchase to read more