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The Industry Today

The education industry plays a major role in the American economy. From 2018 through the first half of 2023, the U.S. educational services industry generated $2.2 trillion in revenue, according to a report by the research group IBISWorld. The educational services sector, including public schools as well as testing and educational support operators, experienced 3.8 percent annual growth in that five-year span. According to the report, the educational services sector has benefited from increases in federal funding for primary and secondary education, as well as federal funding for universities.

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