Australia Education Market Expected to Reach over USD 115 Billion in Revenues by 2020: Ken Research

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Australia Education Market Expected to Reach over
USD 115 Billion in Revenues by 2020 Ken Research
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Innovative e-learning platforms and rising
competition among the students will provide an
impetus to the Australia Education
Market Australia education market has played a
key role in overall economic development of the
country in the form of revenues earned and also
contributed in terms of research and development.
Industry has grown at an unprecedented rate
during the period 2010-2015. Tertiary education
sector accounted for about one-third of the total
revenue of education sector in Australia in 2015.
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K-12 School enrollments in various states and
territories were in line with population in
various states and territories. More than 75 of
students were enrolled in three states i.e. New
South Wales, Victoria and Queensland. This trend
was maintained over the years 2010-2015.
Australia is known for providing education to
overseas students coming from different countries
like India, China and others. High quality of
education and learning in institutes and usage of
English as a medium of instruction makes it a
popular destination among the international
students. Higher education was the largest
segment within the education industry in terms of
the revenues, majorly due to the large inward
movements of the foreign students who were
enrolled in several Australian institutes. This
has been owed to the easy immigration policy in
the country. In terms of gender, the higher
enrollments were for the male category in K-12
while the enrollments have been observed to be
weighed towards females in case of higher
education.
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The second component of the Australia tertiary
education is the vocational education and
training. VET sector acts as a stepping stone
towards the corporate world as it builds upon a
crucial relationship between industry and
education sector. Most of the VET courses in
Australia include on-site learning experience
which helps the students in being industry ready.
Over 4.5 million students were enrolled in VET
sector in the year 2015. The Australian
government has taken numerous initiatives to
expand its tertiary education sector. The
government planned to refurnish the
infrastructure of the universities through
Education Investment Fund in 2008. Ten projects
worth USD 220 million were approved by the
government for restructuring of various
universities. A total of 61 projects were
approved under the three rounds held during the
period 2008-2012. Government has focused in STEM
related areas by considerably increasing funding
at high school level. The government allocated
USD 9 million to boost enrollments in science
related subjects in an effort to satisfy the
rising labor demands in these areas.
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• It has also been observed that the Australian
  parents are willing to spend exorbitant amounts
  for tutoring. 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 can go
  up to USD 120 for one hour, which is quite
  expensive as compared to other countries. Not
  only the tutoring expenditure has increased,
  parents have started opting tuitions for their
  children at a very young age.
• The association between industry and the higher
  education sector has been constantly shifting and
  deepening. For universities to grow, they need to
  maintain deeper liaison with the industry, since
  the significance of industry based learning and
  on the job training will act as a competitive
  edge for the universities., according to the
  Research Analyst, Ken Research.
• The report titled Australia Education Market
  Forecast to 2020- Expanding Higher Education
  Segment and International Enrollments to Drive
  the Market provides detailed overview on the
  Education Industry in Australia and helps readers
  to identify the ongoing trends in the industry
  and anticipated growth in future depending upon
  changing industry dynamics in coming years.

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The report is useful for Universities, Schools,
other education institutes, government and other
stakeholders to align their market centric
strategies according to ongoing and expected
trends in the future. For more information on
the Publication, refer to below
Link https//www.kenresearch.com/education-and-re
cruitment/education/australia-education-market-rep
ort/47389-99.html Related ReportsSingapore
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Space Contact UsKen ResearchAnkur Gupta, Head
Marketing CommunicationsAnkur_at_kenresearch.com
91-9015378249
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