Business Certification & IT Schools in the US - Industry Market Research Report

Business Certification & IT Schools in the US - Industry Market Research Report

  • February 2019 •
  • 35 pages •
  • Report ID: 565620 •
  • Format: PDF

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


Business Certification & IT Schools in the US
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. As a result, demand for business certification and IT schools has fallen and industry revenue is expected to decline over the five years to 2019. To stand out in an increasingly computer-literate world, many IT professionals need advanced degrees that this industry does not supply. Falling demand for industry services has forced many small-scale operators to exit the industry. 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. As revenue declines, small-scale institutions will look for ways to cut operating costs, while the industry’s largest operators will offer more online courses, giving students the option to attend classes remotely while reducing the number of paid instructors.

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

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

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