University and Other Higher Education in Australia - Industry Market Research Report
Description
University and Other Higher Education in Australia
Challenging operating conditions have caused significant changes within the University and Other Higher Education industry. Notably, the COVID-19 outbreak prompted a large shift in the industry's demand and delivery methods. Social distancing requirements and operational constraints after the outbreak caused most universities and higher education providers to pivot to online delivery methods, and remote and multimodal learning models have remained in its aftermath. Students are increasingly seeking the convenience of online learning, and these delivery methods also pose benefits to universities. Despite benefits in terms of operational costs and staffing numbers, the COVID-19 outbreak's associated border restrictions meant that international student numbers took a significant hit. Many international students returned to their home countries and deferred their studies, constraining industry surplus and dampening revenue. Controversies surrounding casualisation and wage underpayments have also negatively influenced demand conditions for universities and higher education institutions. Overall, revenue has dropped at an annualised 1.9% to an expected $37.1 billion over the five years through 2023-24. This trend includes a drop of 0.3% in the current year, as comparatively weak demand conditions have cut into revenue and surplus.
The industry comprises accredited education providers that mainly provide undergraduate and postgraduate teaching as defined under the Higher Education Support Act 2003.
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.
Challenging operating conditions have caused significant changes within the University and Other Higher Education industry. Notably, the COVID-19 outbreak prompted a large shift in the industry's demand and delivery methods. Social distancing requirements and operational constraints after the outbreak caused most universities and higher education providers to pivot to online delivery methods, and remote and multimodal learning models have remained in its aftermath. Students are increasingly seeking the convenience of online learning, and these delivery methods also pose benefits to universities. Despite benefits in terms of operational costs and staffing numbers, the COVID-19 outbreak's associated border restrictions meant that international student numbers took a significant hit. Many international students returned to their home countries and deferred their studies, constraining industry surplus and dampening revenue. Controversies surrounding casualisation and wage underpayments have also negatively influenced demand conditions for universities and higher education institutions. Overall, revenue has dropped at an annualised 1.9% to an expected $37.1 billion over the five years through 2023-24. This trend includes a drop of 0.3% in the current year, as comparatively weak demand conditions have cut into revenue and surplus.
The industry comprises accredited education providers that mainly provide undergraduate and postgraduate teaching as defined under the Higher Education Support Act 2003.
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.
Table of Contents
46 Pages
- TABLE OF CONTENTS
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Search Inside Report
Pricing
Currency Rates
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