Overview
The 8,300 exam prep and tutoring service providers in the US offer preparation for standardized tests and academic tutoring programs. Some firms provide basic education and personal improvement programs. Firms may also specialize in occupation, technical, and trade professional development. The industry includes non-profit organizations, franchises, chains, and independent operators.
Online Tutoring Disrupts Industry Model
Online tutoring and exam prep programs expand reach, but also create competition for traditional centers and independent tutors.
Slowing Demand, Heavy Competition
Weaker demand and increased competition are expected to limit revenue and profit growth for exam prep and tutoring service providers.
Industry Financial Benchmarks
Here are typical financial statements for exam preparation and tutoring services.
This data is provided by Powerlytics, Inc. Powerlytics is a big data predictive analytics platform provider with the most comprehensive, accurate and granular consumer and business financial data available in the marketplace. Its proprietary platform provides a comprehensive financial view of the over 200 million adults and 30 million businesses that comprise the American economy. Learn more about Powerlytics products & data.
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