Putting the earn in learn: Technological progress supports industry revenue growth

The Online Education industry has expanded over the past five years. Technological advancements and wider internet access have made the online education model an increasingly viable option for learning and career advancement. Student demand for online learning has increased as more individuals and businesses have recognised the benefits of online education. Industry revenue is expected to rise at an annualised 0.4% over the five years through 2018-19, to $5.3 billion. This includes anticipated growth of 3.6% in the current year.Online education provides greater flexibility and enables full-time workers to engage in further learning. Many education providers have recognised the growing need for flexibility and have increased the breadth of courses available online...read more.

Industry Statistics & Market Size
Revenue
$5bn
Annual Growth 14-19
0.4%
Forecast Growth 19-24
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Profit
x.x%lock
Employment
17,470
Businesses
1,449
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Online courses have been identified as a growth area, particularly for international students
  • Rising competition and operating costs have limited growth in profit margins
  • The unemployment rate is forecast to fall over the next five years, supressing industry demand

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    Industry Report - Industry Investment Chapter

    The Online Education industry exhibits a moderate level of capital intensity. For every dollar spent on wages, an estimated $0.17 will be spent on capital costs in 2018-19. The establishment and infrastructure costs for online courses and education are high and may push up capital investment for operators initially. However, increased capital investment in digital infrastructure, education programs and data storage may 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. Generally, wage expenses are the largest cost for institutions. How...purchase to read more.

    Additional Insights for the Online Education Industry

    IBISWorld has determined the most important Key Success Factors for the Online Education are:

  • Market research and understanding
  • Having a good reputation
  • Ability to contain costs

    • IBISWorld analysts also discuss how external factors such as Internet connections and Average weekly hours worked in the Online Education industry impact industry performance..

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    What's in this report

    Industry Products

    What is the Online Education Industry?

    The industry includes institutions that deliver online education to students. To be considered an online provider, over 80% of the course or unit content offered must be delivered online. For example, students could be located off-campus for the duration of their enrolment and successfully complete a unit of study. Online education includes study at all levels of education.

    Industry Products
  • Non-formal education
  • Certificates and diplomas
  • Undergraduate courses
  • Postgraduate courses
  • Online tutoring
  • School education
    • Industry Activities
  • Online education provision
    • Table of Contents

    About this Industry

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources

    Industry at a Glance

    Industry Statistics Snapshot
    Industry Structure
    Executive Summary

    Industry Performance

    Executive Summary
    Key External Drivers
  • Internet connections
  • Average weekly hours worked
  • Real household discretionary income
  • National unemployment rate

    • Current Performance
  • Government support
  • Reaching new markets
  • Massive Open Online Courses
  • Industry structure
  • Chart: Revenue Growth

    • Industry Outlook
  • Broadening the market
  • Massive Open Online Courses and blended learning
  • Government reform
  • Table: Online Education Industry Revenue Outlook

    • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Online Education Industry Lifecycle vs The Economy

    • Products & Markets

    Supply Chains
    Key Buying Industries
  • State Government Administration
  • Industry Associations
  • Consumers

    • Key Selling Industries
  • Computer and Computer Peripheral Wholesaling
  • Computer and Software Retailing
  • Computer System Design Services
  • Internet Service Providers
  • Newsagents and Book Retailers
  • Postal and Courier Services

    • Products & Services
  • Undergraduate courses
  • Postgraduate courses
  • Certificates and diplomas
  • Non-formal education
  • School education
  • Online tutoring
  • Chart: Online Education Industry Products and Services Segmentation

    • Demand Determinants
    Major Markets
  • People aged 18 to 24
  • People aged 25 to 44
  • People aged 45 and over
  • People aged 17 and under
  • Chart: Major Market Segmentation for the Online Education Industry

    • International Trade
    Business Locations
    Chart: Business Locations by State

    Competitive Landscape

    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Online Education

    • Basis of Competition
  • Internal competition
  • External competition

    • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Online Education Industry

    • Industry Globalization

    Major Companies

    There are no major players in this industry. This report includes analysis of other companies.

    Operating Conditions

    Capital Intensity
  • Chart: Level of Capital Intensity for the Online Education Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

    • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

    • Regulation & Policy
    Industry Assistance

    Key Statistics

    Table: Industry Data for the Online Education Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)

    • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data

    Jargon & Glossary

    Blended Learning
  • A combination of both online and traditional instruction.
    • Distance Education
  • Education delivered over a physical distance, as opposed to delivery within the traditional classroom. For example, delivery can be via the internet, printed materials, CD-ROMs, phone or e-mail.
    • Mooc
  • Massive Online Open Course.
    • Oua
  • Open Universities Australia.
    • Unit
  • Also known as a subject, units are taken to gain credit toward completion of a course or program.
    • Vet
  • Vocational Education and Training.
    • What Our Customers Say
    Why buy this report?

    IBISWorld’s Online Education market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Online Education:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Online Education market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Online Education, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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