Industry Analysis & Industry Trends
The Online Education industry has grown rapidly over the past five years. Technological advancements and faster internet have made the online education model a more viable option for learning. With more individuals and businesses recognising the benefits of online education, the use of online learning has soared.
A trend towards upskilling, which became apparent during the global financial crisis, has solidified with an increase in the national unemployment rate over the past five years. Higher unemployment has encouraged those out of work to retrain, and employees to upskill to protect themselves from redundancy. Online education provides greater flexibility and enables full-time workers to engage in further learning... purchase to read more
Industry Report - Industry Locations Chapter
The geographic spread of the industry corresponds with the location of students who are enrolled in online courses. Students can participate in online education courses from anywhere in Australia, given that they have access to a computer with an internet connection. Online learning essentially removes geographical limits to service provision.
IBISWorld estimates that the geographic segmentation of the industry is based on population distribution and the proportion of households with internet access. Online education provided to students in New South Wales represents 33.6% of industry revenue, which is closely aligned to the state's share of the total population... purchase to read more