Degrees of separation: Industry growth has been maintained by university investment
Technology advancements and broader internet access have made the online education model an attractive and viable option for learning and career advancement. The COVID-19 pandemic accelerated these trends, as social distancing restrictions forced many educational providers to migrate their services online. Online education revenue is expected to spike at an annualised 7.4% over the five years through 2022-23 to total an estimated $9.5 billion. This includes an expected jump of 4.8% in the current year, as students opt for the flexibility and accessibility offered by online study.
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 instance, students could be located off-campus for the duration of their enrolment and successfully complete a unit of study.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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