NAICS 61171 - Educational Support Services
This industry comprises establishments primarily engaged in providing noninstructional services that support educational processes or systems.
Industry trends:
NAICS 61171, Educational Support Services, has been experiencing several qualitative trends that are shaping the industry's landscape. One notable trend is the increased integration of technology in educational support. Rapid advancements in artificial intelligence, machine learning, and data analytics are paving the way for personalized learning experiences, making educational support more efficient and tailored to individual needs. This trend is expected to grow as more institutions and support services adopt and invest in innovative tech solutions.
Another significant trend is the shift towards holistic education support, which encompasses not just academic tutoring but also mental health services, career counseling, and life skills coaching. This comprehensive approach aims to address the overall well-being of students and is gaining traction as educational institutions acknowledge the importance of supporting the whole student.
Furthermore, there is a growing emphasis on inclusivity and accessibility within educational support services. Providers are actively working to develop programs and resources that cater to diverse learners, including those with special needs and those from underserved communities. This focus on equity is likely to remain a priority in the coming years.
Looking ahead, the demand for educational support services is expected to increase due to the ongoing need for lifelong learning and upskilling in response to the evolving job market. As the global economy continues to shift, educational support services will play a crucial role in helping individuals adapt and thrive in new career landscapes.
This industry is comprised of:
College selection services
Educational consultants
Educational guidance counseling services
Educational support services
Educational testing evaluation services
Educational testing services
School bus attendant services
Student exchange programs
Test development and evaluation services, educational
Testing services, educational
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.