Overview

Cutting class: Competition from other forms of higher education will lead to declines

The Business Certification & IT Schools industry market report contains strategic analysis of the key drivers influencing the industry. Save hours of time on research and prospecting using IBISWorld’s standardized, up-to-date reports on thousands of industries. Our industry research provides growth and profit forecasts for a five-year outlook period, presented in a clear and user-friendly format.

REPORT SNAPSHOT

Market Share of Companies
Industry Statistics & Market Size
Revenue
$3bn
Annual Growth
12-17
-0.4%
Annual Growth
17-22
Profit
Employment
32,993
Business
16,944

Industry Threats & Opportunities

  • The industry is expected to continue declining as external competition continues to reduce enrollment in industry schools
  • The recent development of several MOOCs has reduced demand for industry services
  • More students are expected to enroll in degree programs, siphoning demand

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    Industry Analysis & Industry Trends

    The Business Certification and IT Schools industry has struggled in recent years due to rising competition from junior colleges, trade schools and universities. As a result, demand for business certification and IT schools has fallen and industry revenue is expected to decline over the five years to 2017. Moving forward, the industry is expected to continue declining as competition from other forms of higher education and online learning platforms continue to reduce enrollment in industry schools. Over the five years to 2022, total industry revenue is projected to decline at a slightly faster rate than during the previous period...

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    Industry Report - Industry Locations Chapter

    Southeast

    The geographic distribution of industry operators is closely linked to trends in the overall US population. In 2017, the Southeast region is estimated to account for 25.6% of the US population, making it the most populous region in the nation. Similarly, the Southeast also contains the greatest number of business certification and IT schools, accounting for an estimated 25.4% of all industry establishments. Florida alone hosts 6.3% of the US population and 8.6% of total industry establishments.

    West

    The West contains an additional 17.2% of the total US population and 19.3% of all industry establishments, making it the second-largest region in both respects. Accounting for an estimated 13.7% o..

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    Additional Insights for the Business Certification & IT Schools Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Business Certification & IT Schools Industry are

  • Ability to develop courses for new technology
  • Having a good reputation
  • Ability to alter services in favor of market conditions
  • IBISWorld analysts also discuss how external factors such as Percentage of households with at least one computer and Number of college students in the Business Certification & IT Schools industry impact industry performance..

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    Look under the hood?

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    Industry Products

    What is the Business Certification & IT Schools Industry?

    Establishments in this industry offer career vocational and technical courses. They also provide courses in computer programming, which provide curriculums for software packages, computerized business systems, computer electronics technology and local area network management. Classes may be provided in training facilities or online.

    Industry Products
    Professional development and management training
    Computer and information sciences training
    Basic education and higher academic courses
    Industry Activities
    Computer operation training (except repair)
    Providing courses in computer programming
    Computer software and software application training
    Local area network (LAN) management training
    Basic office and secretarial skills training
    Providing classes in stenography and court reporting
    Providing courses through business schools not offering academic degrees

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Percentage of households with at least one computer
  • Number of college students
  • Private investment in computers and software
  • Time spent on leisure and sports

  • Current Performance
  • Rising external competition
  • Declining demand causes profit to fall
  • Chart: Revenue Growth

  • Industry Outlook
  • Education escalation
  • Online competitors
  • Industry structure
  • Table: Business Certification & IT Schools Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Business Certification & IT Schools Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Professional, Scientific and Technical Services
  • Law Firms
  • Administration, Business Support & Waste Management Services
  • Healthcare and Social Assistance
  • Consumers

  • Key Selling Industries
  • Book Stores
  • Computer Stores
  • Internet Service Providers
  • Janitorial Services
  • Office Furniture Manufacturing
  • Office Supply Stores

  • Products & Services
  • Computer and information sciences training
  • Basic education and higher academic courses
  • Professional development and management training
  • Other
  • Chart: Business Certification & IT Schools Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Students aged 35 to 54
  • Students aged 24 and younger
  • Students aged 25 to 34
  • Students aged 55 and older
  • Chart: Major Market Segmentation for the Business Certification & IT Schools Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases
  • Rent and utilities
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Business Certification & IT Schools

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Business Certification & IT Schools Industry

  • Industry Globalization
    Major Companies
    SkillSoft
  • Table: SkillSoft - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Business Certification & IT Schools Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Business Certification & IT Schools Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Percentage of households with at least one computer (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Jargon & Glossary
    Cloud Computing
  • A technology that uses the internet and central remote servers to store and maintain data and applications.
  • Massive Open Online Course (Mooc)
  • An online course aimed at unlimited and free participation via the internet.
  • Secretarial
  • Clerical work that typically involves administrative tasks such as correspondence and scheduling.
  • Vendor-Certified Training
  • A course that is licensed to teach a company's specific product or software.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Business Certification & IT Schools:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Business Certification & IT Schools market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Business Certification & IT Schools, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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