Making the grade: Higher school enrollment will support demand amid cuts to education funding

Operators in the Testing and Educational Support industry has experienced surging growth over the five years to 2017 as rising student enrollment in US schools has been bolstered by steady growth in levels of US corporate profit and disposable income. Over the five years to 2022, expanding enrollment in US schools and improving levels of disposable income and corporate profit will continue to drive industry growth...read more.

Industry Statistics & Market Size
Revenue
$16bn
Annual Growth 12-17
4.7%
Forecast Growth 17-22
Profit
Employment
117,403
Businesses
9,228
Market Share of Companies
What Our Customers Say

Industry Threats & Opportunities

  • The increasing number of high school graduates will contribute to industry growth
  • This industry benefits from federal funding of elementary and secondary schools
  • Enrollment growth in elementary and secondary schools will remain steady
  • Industry Report - Industry Locations Chapter

    Establishments in the Testing and Educational Support industry tend to be located close to other educational institutions, such as elementary and secondary schools or universities and colleges. Consequently, the geographic distribution of industry operators is closely linked to trends in the overall US population, though the increasing use of internet-based educational services has reduced the need for establishments to be located close to educational institutions in recent years. This trend, which is particularly relevant for industry testing services, is expected to continue over the next five years.SoutheastThe Southeast region contains an estimated 21.4% o...purchase to read more.

    Additional Insights for the Testing & Educational Support Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Testing & Educational Support Industry are

  • Understanding government policies and their implications
  • Fast adjustments made to changing regulations
  • Access to highly skilled workforce
  • IBISWorld analysts also discuss how external factors such as Number of college students and Number of K-12 students in the Testing & Educational Support industry impact industry performance..

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    What is the Testing & Educational Support Industry?

    Operators in this industry provide noninstructional support services for education industries. The major segments of this industry are educational testing services and educational consultants. This industry does not include computer software designers that develop education support software; those operations are included in the IT Consulting industry (IBISWorld report 54151).

    Industry Products
  • Educational support services
  • Testing services
  • Educational consulting services
  • Other educational services
  • Contributions
  • Industry Activities
  • Providing college selection services
  • Providing educational consulting services
  • Providing educational guidance counseling services
  • Providing educational support services
  • Providing educational testing services
  • Attending school buses
  • Facilitating student exchange programs
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Number of college students
  • Number of K-12 students
  • Per capita disposable income
  • Percentage of services conducted online
  • Government funding for primary and secondary education

  • Current Performance
  • Growing student enrollment
  • Limited government funding
  • Industry participation
  • Chart: Revenue Growth

  • Industry Outlook
  • Strong revenue conditions
  • Growth in online education
  • Government legislation and support
  • Table: Testing & Educational Support Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Testing & Educational Support Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Community Colleges
  • Public Schools
  • Private Schools
  • Colleges & Universities
  • For-Profit Universities

  • Key Selling Industries
  • Book Publishing
  • Commercial Leasing
  • Software Publishing

  • Products & Services
  • Educational support services
  • Testing services
  • Contributions
  • Other educational services
  • Other
  • Educational consulting services
  • Chart: Testing & Educational Support Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Postsecondary students
  • Elementary and secondary students
  • English language students
  • Governments
  • Private donors
  • Other
  • Chart: Major Market Segmentation for the Testing & Educational Support Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesPurchasesRent and utilitiesOther
  • Chart: Cost Structure Benchmarking – Sector vs Testing & Educational Support

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Testing & Educational Support Industry

  • Industry Globalization
    Pearson PLCEducational Testing Service
  • Table: Pearson PLC - financial performance
  • Table: Educational Testing Service - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Testing & Educational Support 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 Testing & Educational Support Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Number of college students (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    American College Testing (Act)
  • A commonly used college admissions examination.
  • Graduate Record Examination (Gre)
  • A commercially run standardized test that is an admission requirement for many graduate schools in the United States and other English-speaking countries.
  • National Assessment Of Educational Progress (Naep)
  • A periodic assessment of student progress conducted in the United States by the National Center for Education Statistics, a division of the US Department of Education.
  • No Child Left Behind (Nclb)
  • Legislation signed into law by President Bush in 2002 that sets performance guidelines for all schools' students and stipulates what must be included in accountability reports to parents.
  • Test Of English As A Foreign Language (Toefl)
  • A test required by many institutions for international students who are applying to study in the United States.
  • Why buy this report?

    The Testing & Educational Support industry market report contains data and analysis of the most influential current and future trends shaping the industry. IBISWorld’s in-depth industry market research is presented in a logical, user-friendly format, and provides growth and profit forecasts for a five-year outlook period.

    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 Testing & Educational Support:
    • 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 Testing & Educational Support 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 Testing & Educational Support, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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