NVI Technical College Information

Market Feasibility

Online courses as a teaching medium continue to trend upward

New technologies will spur demand from older workers

• Vocational schools are set to continue benefitting by introducing

• As innovation continues across many sectors and new specialized

online classes. These classes are cheaper to run, as they instruct

machines are introduced to streamline operations in

more students per instructor and don't require physical locations.

manufacturing and mining industries, existing employees will

This is set to keep profit high through 2028.

need additional training to properly run advanced technology.

• Online tutoring service providers will emerge as a more

• Strong and continually rising corporate profit will enable

A

threatening base of competition, though. These companies

employers to pay for trade school education for their employees,

provide academic courses primarily via the internet, directly

especially older workers with less experience in the most recent

competing with vocational schools.

technology.

• Trade and technical schools also compete with community

Life Cycle

colleges, as these institutions offer similar services. However,

Why is the industry mature?

courses offered by vocational schools are more job-specific and

have better reputations that help students justify the higher price

Contribution to GDP

of enrollment.

Industry Value Added (IVA) is lagging behind US GDP growth,

indicating its lackluster contribution to the overall economy and its

position in the mature phase of the life cycle.

Source: Wert-Berater Feasibility Studies, LLC and IBISWorld

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