Industry Analysis & Industry Trends
Industry revenue is expected to expand at an annualised rate of 2.9% over the five years through 2012-13. Universities will enrol 1.32 million students in 2012-13. International students account for nearly 15% of enrolments, generating an estimated $4.1 billion over the year. The high Australian dollar has impeded international student enrolment growth. The industry recorded its first decline in international student numbers in 2012 and IBISWorld expects another decline to follow in 2012-13. However, a rise in domestic enrolments due to the uncapping of university places, which began in January 2012, has stemmed the decline in revenue. In 2012-13, the industry is forecast to grow 1.4% from the previous year to $26 billion... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The industry is in a mature stage of its life cycle. Over the decade through 2012-13, industry value added is expected to grow an annualised 4.7% faster than the 2.4% GDP growth forecast over the same period. Demand for higher education is supported by an underlying consistency and growing domestic demand due to community perceptions of its worth and government policy encouraging higher education take up. There are still some opportunities for growth within the industry over the coming years, which will be facilitated by technological change, government reform and increasing flexibility of courses to cater to wider demographics. Increasing reliance on technological advancements may reduce average cost per student, but wage pressures may negate benefits gained from these savings... purchase to read more