US Education Market Size, US Higher Education Market - Ken Research
The
report titled “The US Education
Industry Outlook to 2016 – Outperforming Post-Secondary Education Segment” provides a comprehensive analysis on the education
market in the US covering various aspects such as market size of the education
industry on the basis of total fee spent on education and enrollments and market
segments such as pre-primary, elementary, secondary, post-secondary education.
The report also entails competitive landscape and profiles of the major players
operating in the industry. The future projections are included to provide an
insight on the prospects in the US education industry.
The
US is one of the most sought-after destinations for educational purposes due to
the availability of better career prospects, high growth opportunity and
accessibility of technologically developed higher educational institutions. The
revenue generated from the US education industry has grown from USD ~ billion
in 2006 to ~ billion in 2011 at a CAGR of ~%. The major drivers for this growth
were the increasing number of foreign students in the US, the willingness of parents
to spend on education, different government initiated awareness programs and
growing awareness about the importance of education.
Pre-primary
education includes kindergarten, nursery schools, preschool program and
child/day care centers. In 2011, a sum of USD ~ billion was spent by the
population in the US on pre-primary education as total tuition fees. The
increasing willingness of the parents and investments from the US government in
the education of young children indicates a strong growth momentum in
pre-school education. It is estimated that the Pre-primary education market
will grow at a CAGR of ~% reaching out USD ~ billion in 2016.
The
revenue generated from the public elementary and secondary education market has
increased from USD ~ billion in 2006 to ~ billion in 2011 at a CAGR of 1.1%.
The sector has witnessed a decline in the number of enrollments in the year
2007 and 2008. The number of enrollments has dropped down to ~ thousand in 2008
as compared to ~ thousand in 2006. This was primarily due to the increased
dropout rates, economic downturn, poor teacher student ratio and poor condition
of schools
The post-secondary education sector has improved over the
period of 5 years with an increase of ~% in its market share, due to an
increase in the number of post-secondary education enrollments from ~ thousand
in 2006 to ~ thousand in 2011 at a CAGR of ~%.
E-learning market is one of the fastest growing segments in the US education
Industry. With the adoption of online education by K-12 schools and higher
educational institutes, the number of individuals pursuing online education has
increased remarkably in the last 5 years. The US e-learning market was recorded
to be around USD ~ billion in 2011. Increasing penetration of devices such as
smart phones, laptops, palmtops and tablets have contributed significantly in
the development of e-learning in the US education market. It is estimated that
the e-learning market size will grow at a CAGR of ~% in near future reaching
out USD ~ billion in 2016
The
domestic education industry is highly fragmented and increasingly competitive
with no education company controlling substantial market share. Students are
opting among education providers based on the programs and degrees offered,
program suppleness and convenience, quality of teaching, placement rates,
reputation, recruiting effectiveness and course cost. Major players operating
in the proprietary education industry include Apollo Group, Bridge point
Education, Capella Education, DeVry, Corinthian Colleges, Education Management
Corporation, ITT Educational Services, Kaplan and Strayer Education.
Key Topics Covered in the
Report:
The
market size of the US education industry by total fee spent on education and
enrollments
Market
segmentation on the Pre-Primary, Elementary and Secondary Education and
Post-Secondary Education
Market
size, market segmentation competitive landscape and future outlook of the US
education industry
Market
size and potential opportunities in the E-learning market
Government
regulations and trends and developments pertaining to the industry
Competitive
Landscape and Profile of the major players and universities including Apollo
Group, Career Education Corporation and DeVry
Cause
and Effect Relationship Analysis between industry factors and expected the US
education industry prospects
Future
outlook and projections of the total fee spent on education of the US education
industry and its segments till 2016
Macro
Economics and Industry Factors including demographic population, immigrants, dropout
rate, personal disposable income and others
For more information on
the research report, refer to below link:
Related Reports
https://www.kenresearch.com/education-and-recruitment/education/india-education-industry/272-99.html
Contact:
Ken
Research
Ankur
Gupta, Head Marketing & Communications
+91-124-4230204
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