Industry Analysis & Industry Trends
The Online Education industry has grown at a rapid pace. Technological advancements and faster internet speeds have allowed the online model to become a more viable method of learning. With more individuals and businesses recognising the benefits of online education, the uptake of online learning has soared over the past five years. The appeal of higher education has further fuelled growth.
Upskilling was a trend that became apparent during the global financial crisis. While Australia survived relatively unscathed, upskilling has its permanent place in society today. In addition, with more Australians engaged in longer full-time hours of employment, the flexibility offered by online education has enabled more full-time workers to engage in further learning... purchase to read more
Industry Report - Industry Investment Chapter
The establishment costs for online courses and online infrastructure are expensive and will push up capital investment for operators initially; however, they could also allow institutions to reduce their wage costs over the long term.
Education is typically labour intensive, as teachers and support staff are essential to the learning process. Wage expenses for the Education division represent approximately 47.6% of revenue, the largest cost for institutions. However, the cost structure for online education industry differs from the conventional model because as a relatively new industry, most of its revenue is dedicated to marketing its capabilities. Furthermore, staff to student ratio is a relatively weak benchmark... purchase to read more