Going the distance: Online education has become more popular for international students

The Online Education industry has expanded over the past five years, despite revenue declining. Technological advancements and wider internet access have made the online education model an increasingly viable option for learning and career advancement. However, changes to government funding and intensifying competition have constrained revenue over the period. Industry revenue is expected to fall at an annualised 0.4% over the five years through 2018-19, to $5.1 billion. This includes anticipated growth of 4.8% in the current year due to rising discretionary incomes.Online education provides greater flexibility compared with traditional education and enables full-time workers to engage in further learning...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
17,666
Businesses
1,288
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Universities have identified online courses as a growth area 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 Locations Chapter

    Online learning essentially removes geographical limits to service provision. Business locations in the industry tend to be correlated with internet connectivity, population distribution and economic activity. As a result, New South Wales, Victoria and Queensland are estimated to account for approximately 78% of online education providers. Online education is provided by established tertiary education providers, many of which are also located in these states.Students can participate in online education courses from anywhere in Australia, given that they have access to a computer with an internet connection. Many students in remote areas that would otherwise be unable to engage with bricks-and-mortar institutions are able to access digital education. The...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
  • Superior financial management and debt management

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

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    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 subscribers
  • 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
  • Profit
  • Wages
  • Purchases
  • Depreciation
  • Marketing
  • Rent
  • Other
  • 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 in the traditional classroom. For example, delivery can be through 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 offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

    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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