NAICS 61163 - Language Schools
This industry comprises establishments primarily engaged in offering foreign language instruction (including sign language). These establishments are designed to offer language instruction ranging from conversational skills for personal enrichment to intensive training courses for career or educational opportunities.
Industry trends:
The latest qualitative trends in NAICS 61163, Language Schools, emphasize a rising demand for online and hybrid language learning models. This shift is driven by technological advancements and the lingering impacts of the COVID-19 pandemic, which accelerated the need for flexible and remote learning solutions. Additionally, there's a growing interest in personalized learning experiences through adaptive learning platforms and AI-driven tools that tailor language instruction to individual needs.
Language schools are also increasingly integrating cultural immersion components into their curricula, recognizing that language proficiency is closely tied to cultural understanding. This trend includes virtual cultural exchange programs and partnerships with institutions abroad.
As for the near future, forecasts suggest continued growth in online enrollments, especially from adults seeking to enhance their skills for career advancement. Schools that leverage virtual reality (VR) and augmented reality (AR) for more immersive learning experiences are expected to gain a competitive edge. Moreover, there will likely be an uptick in corporate partnerships, with businesses investing in language training for their employees to facilitate international operations and communication.
This industry is comprised of:
Foreign language schools
Language schools
Schools, language
Second language instruction
Sign language instruction
Sign language schools
This report includes the ability to segment your Industry by:
- Region
- Employees
- Net Sales
- Company Age
- Total Assets
- Ownership Type
With iCFO You Get
What Is iCFO?
A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.
Sound Business Analysis
Answers come easily with iCFO. Review ROI, sales per employee, profit margins of the top 10%, top 25% and more, to identify areas of concern and opportunity. Examine what if scenarios and P&L impact of reducing costs or adding revenue.
Your Business’ Health In Minutes
It takes only five minutes to enter your data and produce a concise profile of your company’s fiscal state, including critical business ratios focusing on liquidity, profitability, asset efficiency, and growth.