InsideTrack adult student research and services are featured in BMO’s latest education industry report. Here are the key considerations:
- For-profit education growth has slowed, though some rebound is expected. While still small at roughly 10% market share (nearly $129 billion), the for-profit sector has impacted each segment of the education industry—childcare, K-12, postsecondary, and corporate training.
- Economic cycles are important. The acyclical theory of education was proven wrong during and after the 2001 recession.
- The November elections could be a game changer. While the bulk of actual spending is done by parents, students, and corporations, both legislation and regulation play a crucial role—especially in the K-12 and postsecondary sectors.
- Each sector within the industry share many common themes. For-profit education could gain positive momentum from factors such as rising awareness of the advantage of more education to one’s lifetime earnings potential, the growing importance of accountability and education reform, and the expansion of addressable markets through technology (i.e., distance learning).
- Technology is a key enabler for success. Education providers that use technology as part of their service delivery will continue to outperform.
For details, open the full report.