Educational support services companies are less visible in the industry than educational institutions, but provide key benefits to schools, students, and many others. Companies in this sector perform many different functions – educational testing is a substantial market on its own, but educational support services also include things like consulting, guidance, evaluation, student exchange and study abroad programs, and more.
The American educational support services industry has seen average growth over the past 5 years, according to research by IBISWorld. With a growth rate of 2.2% since 2015, the industry is now worth around $17 billion, with over 10,000 businesses and 100,000 people employed. An increasing number of students are taking college entrance exams, boosting demand for test preparation services and college admissions consulting.
While the COVID-19 pandemic has introduced challenges for students, educational institutions, and support services companies, it also brings increased demand for services such as online learning and homeschooling resources. As students and educators figure out how to adapt to these challenges, educational support services will be essential to continue operating as closely to normal as possible.
With such high demand for educational testing services, companies like ETS, Pearson, and the Princeton Review are key players in the US market. However, there is also a need for other educational support services such as online learning infrastructure and materials, consulting, student exchange programs, and more, with companies such as the Noodle Companies, K12 Inc., and the American Institute for Foreign Study.
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Founded in 1999 and headquartered in Herndon, VA, K12 Inc. is an educational support company that develops technology and innovations for students and schools around the world. The company creates software, learning systems, and educational services for over 2,000 schools and school districts in the US and over 100 other countries. K12 Inc. has three lines of business: managed public schools, institutional sales, and international and private pay schools. The company earned revenues of $1.04 billion for the fiscal year ended June 30, 2020.
Founded in 2009, this Dallas-based educational solutions and services company that provides instructional materials, professional development, technology solutions for online learning, assessments, and much more. Cambium Learning Group is composed of 6 brands: Learning A-Z, Voyager Sopris, ExploreLearning, Cambium Assessment, Kurzweil Education, and VKidz Learning. Through them, the group offers digital literacy, math, and science resources, administers online tests, develops assistive technology for education, and more.
The Princeton Review has been providing test preparation and other services to students for over 35 years, from its start in New York in 1981 to its spinoff from its parent company in 2012 and beyond. The company offers education support services such as tutoring, practice tests, test prep materials, and admissions counseling. It produces about 70 books a year, and helps students prepare for tests like the MCAT, GMAT, LSAT, GRE, SAT, and ACT.
Legacy Education Alliance (LEA) offers educational training seminars, conferences, and services in the US, Canada, and the UK, providing support in the areas of real estate investing, financial instruments investing, and personal finance. Established in 1992, the company operates 5 brands and serves students in over 120 countries. Its brands include Homemade Investor, Brick Buy Brick, Building Wealth, EPIC, and Women In Wealth. At year end 2019, LEA had revenues of $75.5 million.
The American Education Center (AEC) offers advisory services for educational institutions and corporations, as well as for Chinese students studying in the US. Established in 1999 in New York, AEC has since expanded its services into the UK as well. The company specializes in customized high school and college placement advisory services as well as career advisory services. It also provides enterprise training and advice to Chinese companies.
The Noodle Companies operates across four companies to provide educational support services through the use of technology. The company connects, learners, educators, and providers of educational resources from preschool to grad school. Its brands include Noodle Search, which provides resources and networking for parents, students, and experts based around how and where to learn; Noodle Partners, which provides technology and support services to educational institutions; Noodle Pros, a collection of professional tutors for students of all kinds; and Noodle Markets, a place for educational institutions to purchase products and services.
Educational Testing Service (ETS) is a nonprofit that develops assessment programs, conducts educational research, and develops customized services and products for multiple levels of education. Founded in 1947 with headquarters in Princeton, NJ, the company has over 3,200 employees and operates in over 9,000 locations around the world. ETS develops, administers, and scores over 50 million tests a year in over 180 countries, serving teacher certification; English language learning; and elementary, secondary, and postsecondary institutions.
With over 22,000 employees across 70 countries, Pearson is an educational publisher and services provider with roots that stretch back to the 1800s. The company offers educational content, assessment, and digital services to students, educational institutions, and employers around the world. Its offerings include US higher education courseware, online learning and services for schools, professional certification, computer-based testing, and more. Pearson earned revenues of $5.15 billion in 2019.
Founded in 1959 and headquartered in Iowa City, Iowa, ACT is a nonprofit organization that develops and administers the ACT US college admissions test. In 2019, nearly 1.8 million students took this test during high school. ACT also provides learning resources, resources, and credentials to students, schools, governments, and employers.
The American Institute for Foreign Study (AIFS) has been providing cultural exchange programs and other educational experiences since 1964. The organization offers study abroad programs for college students at 29 international universities, as well as Au Pair opportunities in the US, high school exchange programs, summer camps, and many other educational experiences. AIFS has 10 global locations and programs in 29 countries, serving over 50,000 students and other participants every year.
These are only a few of the top educational support services companies in the US. Discover more leading support services providers around the world through BizVibe’s global marketplace.