Industry Analysis & Industry Trends
The Online Education industry has grown rapidly. Technological advancements and faster internet have allowed the online model to offer a more viable method of learning. With more individuals and businesses recognising the benefits of online education, the use of online learning has soared over the past five years.
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 Analysis Chapter
The Online Education industry, which only includes courses or units where at least 80% is delivered over the internet, has grown rapidly. Technological developments and public reception of online courses have been critical to this growth. Education institutions have harnessed the increasing reliability of internet connections and mobile technology to attract more students. Industry revenue is forecast to increase at an annualised 10.9% over the five years through 2015-16, to $5.2 billion. This includes growth of 8.2% over the current year.
The number of online education providers has grown. These operations are usually existing bricks-and-mortar establishments extending their services online... purchase to read more