Australia Education Market Forecast: Ken Research
by Ashish Kumar Market ResearcherThe report titled “Australia Education Market Forecast to 2020-
Expanding Higher Education Segment and International Enrollments to Drive the
Market” provides a comprehensive analysis of the K-12, VET, higher
education, test preparation, e-learning and private tutoring industry in
Australia. The report covers market size and segmentation of overall education
industry which is further segmented into K-12, higher education, vocational
education and technical training, tutoring, ELICOS and e-learning which are
explained independently. The report covers profiles of leading players (institutes/service
providers) in different spaces. The potential and future outlook for education
industry has also been discussed in the publication. The report provides
detailed analysis of segments and sub segments, SWOT Analysis, Trends &
Developments and major restraints and challenges within the education industry
of Australia. The report also serves as a benchmark for existing players and
every new player who wish to capitalize the market potential and investors who
are looking forward to venture into the education industry in Australia.
Australia
Education Industry
Australia education industry has
grown at an unprecedented rate in the past few years at a CAGR of ~% during the
period 2010-2015. Australia education industry’s market size was evaluated to
be USD ~ billion in 2015. Tertiary
education sector accounted for over one-third of the total revenue of education
sector in Australia. The VET sector also accounted for USD ~ billion of
revenues in 2015 and was the second largest revenue generator sector.
Education is compulsory in Australia
until year 10 and mostly free of cost in government institutes, with very
nominal voluntary payments required. Total revenue earned in 2015 by the K-12
sector was evaluated at USD ~ billion with enrollments of about ~ thousand
students. About ~% of the enrolled students in the K-12 sector were male while
~% was females as of 2015.
Secondary education sector generated
most of the revenue in this segment, accounting for about USD ~ billion in 2015
with over ~ thousand enrolled students. Primary and preschool generated USD ~
billion and USD ~ billion in the same time respectively.
New South Wales witnessed the higher
number of student enrollments, followed by Victoria which had the second
largest student population comprising of ~% of the enrolled students in K-12
education. Queensland, South Australia, Western Australia and all other states
recorded ~%, ~%, ~% and ~% of overall student enrollments in 2015 respectively.
Higher education sector accounted for
over one-third of the total revenue in the Australia education sector. The
market size of Australia higher education market was estimated to be USD ~
billion in 2015 and it grew at a significant growth rate of CAGR ~% during
2010-2015. Enrollments grew at a CAGR of ~% between 2010 and 2015 with
comparatively higher growth recorded in the last three years.
Management and Commerce courses drew
highest number of student enrollments with over ~% of the overall enrollments
in higher education space. Society and Culture and Health were the next two
popular choices of courses as they accounted for ~% and ~% of the total
enrollments in 2015.
More than ~ million students were
enrolled in the VET sector in Australia in 2015, out of which around ~ million
students were enrolled in government funded VET courses. Total revenue of VET
sector was evaluated to be USD ~ billion in 2015 as compared to USD ~ billion
in 2010.
Tutoring industry in Australia
accounted for more than USD ~ billion in 2015. The tutoring market has
contributed robustly to the overall education market in the past few years.
One of the major tuition center chains
operating in Australia was Kip McGrath which had over 130 centers across
Australia. Some other notable tutoring institutes included Alpha Omega
Education, Matrix Education, Ace Learning Center and Dux College among others.
E-Learning market in Australia was
estimated to be USD ~ billion in 2015, as the industry grew at a CAGR of ~%
during 2010-2015. The government has taken many initiatives to improve the
accessibility of internet across the country. One of those initiatives was
Digital Education Revolution (DER) under which government allocated USD 1.7
billion in 2007 for the next 7 years to expand the accessibility of computers
over all the schools in Australia.
Exams such as GAMSAT, UMAT, IELTS,
TOEFL, GRE, GMAT, SAT and PTE are all competitive examinations and from an
important part of the eligibility criteria for admissions in various courses in
international universities, especially in the US and most European countries.
The Test preparation market in Australia stood at USD ~ million in 2015,
increasing from USD ~million in 2010 at a CAGR of ~% during 2010 and 2015 while
the enrollments grew at a CAGR of ~% during the same time.
The total revenue from education
sector is expected to cross USD ~ billion by 2018. It is expected to grow at a
growth rate of over ~% till 2018. Funding from the government has played a key
role in the growth of schools and it will continue to do so atleast for the
next 2-3 years.
Digital platforms will transform the
education sector with the introduction of new techniques. The overall education
market of Australia is expected to grow at a CAGR of ~% during 2016-2020 and is
anticipated to value at around USD ~ billion by 2020.
Key Topics Covered in the
Report:
·
Australia
Education Market Introduction and Size
·
Australia
Education Market Segmentation By Different Levels (K-12, Higher Education,
Vocational Education and Training, Tutoring, E-Learning, Test Preparation and
ELICOS)
·
Australia
K-12 Education Market Introduction and Size by Revenue, Enrollments and Number
of Schools
·
Trends and
Developments in Australia K-12 Education Market
·
Competitive
Landscape of Major Players in Australia K-12 Education Market
·
Australia
K-12 Education Market Future Outlook and Projections
·
Australia
Higher Education Market Introduction and Size by Revenue and Enrollments
·
Australia
K-12 Education Market Segmentation By Gender (Male and Female), By Type of
Courses and By Regional Distribution (New South Wales, Victoria, Queensland,
South Australia, Western Australia, Tasmania, Northern Territory and Australian
Capital Territory)
·
Trends and
Developments in Australia Higher Education Market
·
Competitive
Landscape of Major Players in Australia Higher Education Market
·
Australia
Higher Education Market Future Outlook and Projections
·
Australia
International Education Industry
·
Australian
Education Export Industry
·
Australia
Education Industry Trends
·
Australia
Online Education Market
·
Australia
Education Statistics
·
Australia
Education System
·
Trends and
Developments in Australia VET Market
·
Australia
Vocational Education and Training Market Future Outlook and Projections
·
Australia
Test Preparation Market Introduction and size by Revenues and enrollments
·
Australia
Test Prep Market Segmentation By Type of Test (GAMSAT, UMAT, IELTS, TOEFL, GRE,
GMAT, SAT and PTE)
·
Competitive
Landscape of Major Players in Australia Test Preparation Market
·
Australia
Test Preparation Market Future Outlook and Projections
·
Australia E-Learning
Market Size by revenues and Enrollments
·
Australia
E-Learning Market Segmentation By Content Format and By Technology Services
·
Australia
E-Learning Market Future Outlook and Projections
·
Australia
Tutoring Market Size by revenues and Enrollments
·
Australia
Tutoring Market Segmentation By Regional Distribution
·
Competitive
Landscape of Major Private Tutoring Players in Australia
·
Australia
Tutoring Market Future Outlook and Projections
·
Snapshot on
Australia ELICOS Market
·
Snapshots on
ICT in Education and Books Market
·
Government
Policies/Initiatives and investment
·
SWOT Analysis
for Australia Education Sector Market
·
Macroeconomic
Factors Affecting Australia Education Market
·
Australia
Education Market Future Outlook and Projections, 2016-2020
For
more information on the Publication, refer to below Link:
Contact
Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
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