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Australia Education Market Forecast To 2020: Ken Research

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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. – PowerPoint PPT presentation

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Title: Australia Education Market Forecast To 2020: Ken Research


1
Australia Education Market Forecast To 2020 Ken
Research
2
How the Australia Education Market is
Positioned? 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 industrys 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. The education market in Australia was
projected to be USD billion in 2010 which grew
to USD billion by 2012, growing by and in
2011 and 2012 respectively. Both domestic
students and international enrollments at various
level of education have played a key role.
Although international enrollments declined
marginally during 2011-12, the overall market
grew due to incline in domestic enrollments. The
growth in revenue of schools and universities was
more or less stable VET sector exhibited a fall
in the growth rate. This decline in growth rate
can be attributed to the declining government
funding. Total revenue in 2013 was estimated to
be around USD billion which exhibited a year on
year growth of around 10.3
3
2013 saw an increase in overall international
enrollments as the government established the
international education Advisory Council in 2011.
The motive was to develop a five year strategy to
support the enrollments of international students
in higher education. As a result tertiary
education in particular saw a substantial
increase in the overall enrollments. Total
revenue from education sector was estimated to be
USD 63.0 billion in 2015 and grew at growth rate
of 13.0 and 14.2 in 2014 and 2015 respectively.
Export income from international students reached
a record high of USD 12.6 billion in 2014. It
recorded a highest growth rate of 14 during
2013-2014. Funding at the school level also
increased significantly during 2015. Total
federal funding in schools grew by around 5
during 2014-2015. Which Segments have Driven the
Australia Education Industry? K-12 Education
Market 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 were females as of 2015.
Secondary education sector generated most of the
revenue in this segment, accounting for about USD
billion in 2015 with over 1,353.0 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, with
around of the overall students in this sector
in 2015. Victoria 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.
4
  • Independent schools generated most of the
    revenues in the K-12 education sector and the
    market was worth USD billion in 2015. The
    Australia K-12 education market is expected to
    grow at a healthy CAGR of 7.1 during 2016-2020.
    The market is expected to grow from USD billion
    in 2016 to USD billion in 2020.
  • Higher Education Market
  • 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. Around of
    students enrolled in higher education institutes
    were overseas students. This proportion has
    declined slightly from to during the
    period 2010-2015. Domestic students accounted for
    of the overall enrollments in this space.
    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. The higher education market
    is expected to grow at a CAGR of during
    2016-2020 backed by rising international
    enrollments. The market is expected to grow to
    USD billion by 2020 from USD billion in 2016.
  • Vocational Education and Technical Training
    Sector
  • Over the years Vocational Education sector has
    played a vital role in shaping the labor force of
    Australia as it acts as a key link between
    industry and education sector. More than 4.5
    million students were enrolled in the VET sector
    in Australia in 2015, out of which around 1.6
    million students were enrolled in government
    funded VET courses.

5
  • Total revenue of VET sector was evaluated to be
    USD billion in 2015 as compared to USD
    billion in 2010. About of the enrollments in
    2015 were male, while was female candidates.
    Gender of about of the enrollments in the VET
    sector was not known as of 2015. Maximum number
    of the students was enrolled for Certificate III
    or IV courses with over 1.5 million enrollments
    for the same in 2015. Management and Commerce
    courses drew highest number of student
    enrollments with over of the overall
    enrollments. Engineering and related technologies
    and Society and Culture and Health were the next
    two popular choices of courses as each of them
    registered over thousand enrollments in 2015.
    The VET market is expected to grow at a CAGR of
    between 2016 and 2020 from USD billion in
    2016 to USD billion in 2020.
  • Tutoring Market
  • Tutoring industry in Australia accounted for more
    than USD billion in 2015. The tutoring market
    has contributed splendidly to the overall
    education market in the past few years. More than
    400 coaching centers were known to operate in the
    country as of 2015. Tutoring centers were
    concentrated in few locations such as New South
    Wales, Victoria and Queensland as more than 85
    of centers were located in these three states.
    The average fee of the tuition centers was in the
    range of USD 40 to 60 for a week, whereas fee in
    the private tutoring sector can go up to USD 120
    for one hour. One of the major tuition center
    chains operating in Australia was Kip McGrath
    which had over 130 centers across Australia.

6
Some other notable tutoring institutes included
Alpha Omega Education, Matrix Education, Ace
Learning Center and Dux College among others.
Over 59,000 full and part time private tutors
conducted tutoring sessions in the country and it
was observed that most of these tutors were
working on a part time basis. Tutoring market in
Australia has expanded at a rather slow pace in
the past five years. Tutoring market which was
worth USD billion in 2015 is expected to grow
at a CAGR of for the next five years to reach
USD billion by 2020. ELICOS ELICOS stands for
Australias English language Intensive Courses
for Overseas Students which is a program designed
for students who require English language
training before commencing formal studies in
Australia. The ELCOS market grew at a CAGR of
during 2010-2015 from USD million in 2010 to
million in 2015. The cost of English language
tuition in ELICOS courses varies from city to
city in the country. Tuition fees ranges from USD
150-300 per week for regular ELICOS courses
involving 25 hours of tuition per week. In 2015,
the average duration of study for all students
was 12.9 weeks as compared to 12.4 in 2013. Asia
was by far the dominant region from which
enrollments were witnessed in the Australian
ELICOS, accounting for almost of all ELICOS
students in 2015. Highest enrollments were
recorded from students of China, Japan and South
Korea. China itself accounted for of the
overall enrollments and had the maximum
percentage of students enrolled in ELICOS courses
as of 2015. Students from Japan and South Korea
were responsible for about and of the
overall enrollments in 2015.
7
  • Test Preparation
  • 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. Maximum enrollments of students were
    witnessed in IELTS courses, with over 12,000
    annual enrollments which resulted in revenues of
    USD million in 2015. PTE and GRE were the next
    popular choices of test preparations generating
    about USD million and USD million of revenues
    in 2015. Browns English Language School, Turner
    English, Pearson, Aussizz and English Wise were
    some of the popular institutes providing IELTS
    and PTE test preparation courses. The enrollments
    in the short run are expected to grow to more
    than 56 thousand by 2018. Revenue earned by test
    preparation institutes are expected to reach
    around USD million by 2018 and USD million by
    2020.
  • E-Learning
  • 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. Introduction of smart
    classes have played a major role in the growth of
    E-learning market.

8
  • The demand for services like interactive
    whiteboards and other innovations have created
    opportunities in the smart class segment of the
    E-Learning market. Major Service providers
    included Blackboard Inc., Savv-e, 2 and 2,
    Learning Plan and Learning Seat which specialized
    in either content creation or learning management
    system or both. Increased adoption of e-learning
    resources by schools and universities is expected
    to drive the market for E-Learning industry in
    the near future. With strong prospects of growth,
    the market for E-Learning is expected to grow to
    USD billion by 2020 at a CAGR of between
    2016 and 2020.
  • Australia Market Future Outlook and Projections
  • 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 13
    till 2018. Funding from the government has played
    a key role in the growth of schools and it will
    continue to do so at least for the next 2-3
    years. The VET sector has underperformed than
    expected in last few years due to lesser
    enrollments. The government plans to support it
    through funding and has committed around USD 5
    billion to expand the Vocational Education and
    Training sector. Demand for schools will continue
    to increase in future due to increasing
    population of Australia. It is expected that
    population in the age group 5-25 years will
    increase to million by 2020. Development in the
    E-Learning segment is expected to play a key role
    in the development of the education sector.
    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.

9
Institutes/Service Providers Cited in the
Report List of Institutes/Service Providers
Institutes/Service
Providers Covered in the Report Wesley College

Major Players Scotch College Trinity
College Haileybury School Caulfield Grammar
School Monash University University of
Sydney University of New South Wales University
of Melbourne University of Queensland SELC Shafsto
n International College Browns English Language
School Manhattan Elite Prep Veritas Prep Ausizz
Group Blackboard Inc. Savv-e 2 and 2 Learning
Plan Learning Seat Kip McGrath Education
Center Alpha Omega Education Matrix Education Ace
Learning CenterDux College
10
  • Key Factors Considered in the Report
  • Comprehensive analysis of the Australia Education
    market and its segments
  • Listed major players and their offerings
  • Identified major developments in last few years
    and assessed the future growth of the industry
  • Government initiatives taken to stimulate the
    growth of the market.
  • Key Topics Covered in the Report
  • Australia Education Market Size on the Basis of
    Revenue in USD Billion, 2010-2015
  • Diagrammatic Representation of K-12 Education
    System
  • Australia K-12 Market by Number of Teaching Staff
    in Thousand, 2010-2015
  • Australia K-12 Market Size on the Basis of
    Revenue in USD Billion, 2010-2015
  • K-12 Education Market Size on the Basis of Number
    of Enrollments in Thousand, 2010-2015
  • Australia K-12 Market Projections by Revenues in
    USD Billion, 2016-2020
  • Australia Test Preparation Market Size by
    Enrollments in Thousand, 2010-2015
  • Australia Test Preparation Market Size by Revenue
    in USD Million, 2010-2015
  • Australia Test Preparation Market Size by Number
    of Enrollments, 2016-2020
  • Australia Test Preparation Market Size by Revenue
    in USD Million, 2016-2020
  • Australia E-Learning Market Future Projections in
    USD Billion, 2016-2020
  • Australia Tutoring Market Size on the Basis of
    Revenues in USD Billion, 2010-2015

11
  • Australia ELICOS Market Size on the Basis of
    Number of Enrollments in Thousand, 2010-2015
  • Australia ELICOS Market Student Enrollments by
    Nationality in Percentage (), 2015
  • ICT Workers Segmentation by Industry, 2014
  • Focus Area of ICT Learning in Australian
    Education Curriculum
  • ICT Workers by CIEER Occupation Grouping, 2014
  • Australia Population in Age Group 5-25 Year in
    Million, 2010-2020
  • Australia Government Expenditure on Education in
    USD Billion, 2010-2020
  • Australia Labor Force in Million, 2010-2020
  • Australia Internet Subscribers in Million,
    2010-2020
  • Correlation Matrix of Australia Education Market
  • Regression Matrix of Australia Education Market
  • Australia Education Market Cause and Effect
    Relationship
  • Analyst Recommendations for Australia Education
    Market
  • For more information on the Publication, refer to
    below Link
  • https//www.kenresearch.com/education-and-recruitm
    ent/education/australia-education-market-report/47
    389-99.html
  • Related Reports
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12
India Talent Management Software Market Forecast
to 2020 Expanding Service Sector and Training
Programs to Drive Future Growth India Test
Preparation Market Outlook to 2020 Growing
Target Base and Surge in Web Analytics to Drive
Growth in Online Space Contact UsKen
ResearchAnkur Gupta, Head Marketing
CommunicationsAnkur_at_kenresearch.com91-901537824
9
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