WiseGuyReports published new report, “U.S. Education Market”
Education refers to a process of facilitating learning through knowledge, skills, values, beliefs and certain habits. It is on its way to becoming a universal right and is likely to be available everywhere, to everyone without any hurdles. It is a powerful driver for development and one of the strongest instruments for reducing poverty, improving health, gender equality, peace, and stability. The education system in the United States has a decentralized system based on Federal Constitution, which holds power over education to the states and local authorities as well as to individual schools and higher education institutions.
The U.S. education system follows a specific pattern where early childhood education is followed by primary (elementary) school, middle school, secondary school (high school) and post-secondary (tertiary) education. Post-secondary education includes non-degree programs that lead to certificates and diplomas plus six-degree levels, which are, associate, bachelor, first professional, master, advanced intermediate and research doctorate. Education in the U.S. is compulsory for all students until sixteen or eighteen age depending upon the individual state.
The key factors driving growth of the U.S. education market include increasing per capita disposable income, rising merger and acquisition activities, increasing labor force participation of women and rising children population under age five. Some of the noteworthy trends and developments of this market include switching to online education programs, personal funding as major source of funding, increasing investment in education, greater use of technology in education, increasing international demand for the U.S. education, growing importance of early education, rise in education funding level and increasing demand for skilled labor. However, the growth of the market is being hindered by free public K-12 initiative, labor shortage, increased competition from foreign universities and legal and regulatory issues faced by postsecondary schools in the U.S.
The report “U.S. Education Market: Industry Analysis & Outlook (2018-2022)” by Koncept Analytics provides an extensive research and detailed analysis of the present market along with future outlook. The report discusses the major growth drivers and challenges of the market along with the U.S. dependence on other countries for growth including China and India. The report profiles the key players of the market including Bright Horizons Family Solutions, Grand Canyon, Inc., Strayer Education, Inc. and 2U, Inc.
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