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 - Starting a New Business Chapter
The cost of establishing online course content and delivery can prevent providers from entering the industry. Although online education offers the potential to expand enrolments and achieve economies of scale in education delivery (not possible in traditional forms of education), the cost of creating quality courses can be expensive. Although massive open online course (MOOCs) platforms have greatly assisted universities in building an online presence, they typically operate an invitation-only model.
Another major barrier to entry is government regulation. Education is highly regulated by all levels of government. At the school level, states retain a high degree of control over education provision... purchase to read more