The Colleges and Universities industry is expected to exhibit steady growth. High unemployment and dire economic conditions caused more individuals to pursue higher education to boost their competitiveness in the job market; the steady growth of high school retention rates also increased college enrollment. In the next five years, IBISWorld projects industry revenue will increase due to steady demand for higher education. In addition, government funding will increase as the economy recovers.
This industry includes public and private universities and colleges that offer academic courses and grant baccalaureate or graduate degrees. The requirement for admission is a high school diploma or equivalent general academic training. Instruction is typically provided on physical campuses, although online education and other unorthodox settings are gaining popularity. This industry does not include for-profit institutions or community colleges.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.