$72.1bn
$X.Xbn
49,066
397
$X.Xbn
Community colleges have fared well through the past five years as solid government support made up for pandemic-era challenges and lackluster enrollment. Quarantines discouraged many from enrolling in higher education, leading to deferred enrollments and gap years that turned into careers without a college education. In response, the US government poured $12.6 billion into the Higher Education Emergency Relief Fund to mitigate losses. This support helped offset mass dropouts, leading to only a slight dip in revenue. Enrollment has returned to growth for the first time in over a decade as inflationary pressure pushes consumers to the cheapest option for furthering their education. Industry revenue has been expanding at a CAGR of 0.4% over the past five years to an estimated $72.1 billion in 2024, when revenue will surge by 1.9%.
Industry revenue has grown at a CAGR of 0.4 % over the past five years, to reach an estimated $72.1bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
California Community Colleges | 1,909.0 | 145.5 | 7.6 |
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Industry revenue is measured across several distinct product and services lines, including Liberal arts and sciences associate degrees, Healthcare profession associate degrees and Business associate degrees. Liberal arts and sciences associate degrees is the largest segment of the Community Colleges in the US.
Certificate and nondegree programs help students prepare quickly
This industry includes public, private, nonprofit and for-profit community colleges. These post-secondary educational institutions offer college transfer courses and programs as well as occupational and general academic programs. Community colleges generally confer associate degrees, certificates or diplomas below the baccalaureate level. This industry does not include trade and technical schools (IBISWorld report 61151) or business certification and IT schools (61144).
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NAICS 61121 - Community Colleges in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Enrollment has returned to growth after years of decline. Concerns over four-year universities' hefty price points have promoted community colleges, though enrollment remains...
Learn about an industry's products and services, markets and trends in international trade.
Certificates are popular options for students. These programs are quick and cheap, allowing students to enter or return to the workforce sooner rather than later.
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Distribution follows population and population density. Municipalities and state governments mostly fund community colleges, and densely populated regions can be serviced by ...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Community colleges must offer low prices. The main benefit of community college over a four-year institution is the cheaper financial burden on the student, and comprehensive...
Learn about the performance of the top companies in the industry.
California Community Colleges is the only major player. Most colleges are funded by state governments or municipalities and distributed in line with population nationwide.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
State and local governments fund community colleges. Federal assistance makes up less than 3.0% of revenue, while state and local governments provide over half. The reliance ...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Over half of industry revenue goes to wages. Hiring and retaining brilliant academics is expensive but is a must to maintain accreditation and compete with four-year universi...
Including values and annual change:
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Key data sources in the US include:
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These sources include:
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The market size of the Community Colleges in the US industry in United States is $72.1bn in 2024.
There are 397 businesses in the Community Colleges in the US industry in United States, which has declined at a CAGR of 1.3 % between 2019 and 2024.
The market size of the Community Colleges in the US industry in United States has been growing at a CAGR of 0.4 % between 2019 and 2024.
Over the next five years, the Community Colleges in the US industry in United States is expected to grow.
The biggest company operating in the Community Colleges market in United States is California Community Colleges
Providing associate degree education and Providing technical and vocational certificate education are part of the Community Colleges in the US industry.
The company holding the most market share in United States is California Community Colleges.
The level of competition is low and increasing in the Community Colleges in the US industry in United States.