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

The Business Certification and IT Schools industry provides online and in-person vocational and technical training courses. The industry has struggled in recent years due to rising competition from junior colleges, trade schools and universities. As traditional administrative work has become increasingly technologically demanding, individuals have turned away from industry services and opted for alternative forms of higher education. 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 2023, total industry revenue is projected to decrease at an annualized rate of 0.5% to $2.7 billion...purchase to read more.

Industry Statistics & Market Size
Revenue
$3bn
Annual Growth 13-18
0.0%
Forecast Growth 18-23
Profit
Employment
30,113
Businesses
16,001
Market Share of Companies

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
  • Industry Report - Starting a New Business Chapter

    The Business Certification and IT Schools industry has low barriers to entry. The majority of the businesses in this industry are owner operated, and there are few major players that control significant portions of the industry's total market. Moreover, classroom facilities and equipment can be rented on an as-needed basis, resulting in relatively low initial infrastructure costs. The main factors that may prevent new players from joining the industry include course development and accreditation costs, as well as a moderate level of regulation.Among IT schools, rapidly changing technology can be costly. Operators must balance the benefit of offering up-to-date courses with the cost of producing such coursework. Additionally, reputation is important and takes time to build. Lar...purchase to read more.

    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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    What's in this report

    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

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    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

  • 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 under 25 years old
  • Students aged 25 to 35
  • Students over the age of 35
  • Chart: Major Market Segmentation for the Business Certification & IT Schools Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    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
    SkillSoft,
  • Table: SkillSoft - financial performance

  • 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
    Table: Industry Data for the Business Certification & IT Schools Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Percentage of households with at least one computer (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    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.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Business Certification & IT Schools can be used to help you understand the industry’s market size, growth potential and major companies. Five-year forecasts provide insight into the industry’s prospects, so you can make decisions with confidence. This information is perfectly suited to informing your business plans, pitch books, benchmarking and SWOT analysis.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
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    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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