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

Out of session: The growing prevalence of technology and automation will spur demand for capable workers

Business certification and IT schools have faced inconsistent revenue growth over the past five years. Contrary to other higher education industries, the COVID-19 pandemic actually led to an rise in enrollment as massive unemployment left consumers with time and motivation to pursue online learning. The number of certificates awarded dipped in the first half of 2020, but quickly returned to growth as new students sought to make themselves more valuable to potential employers. The recovery in job markets after 2020 has made working more viable and suppressed demand for certification schools, though, and revenue slumped in 2021 and 2022. Still, because of strong growth in the 2020, industry-wide revenue has been growing at an a CAGR of 0.9% over the past five years and is expected to total $3.5 billion in 2023, when revenue will jump by an estimated 2.1%. Operators 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.