“Increase in working population and emergence of blended learning have driven the growth of executive education market in Australia.”
Analysts at Ken Research in their latest publication “Australia Executive Education Market Outlook to 2024 – Future Growth Driven by Increasing Offerings of MDP Program and International Student Enrollments” believe that the executive education industry has been growing and is expected that it will expand further owing to the rise in the number of working professionals, evolvement of aggregators in executive education and growing demand for blended learning. The market is expected to register a positive CAGR of 6.8% in terms of revenue during the forecast period 2019-2024E.
Emergence of Online and Blended Learning: There has been a shift towards the Online and Blended learning programs due to the flexibility and accessibility provided by such programs. Emergence of such programs impacted the executive education market positively owing to the skill gap existing in the Australian workforce.
Increase in Working Population: There has been a rise in the number of working population with a CAGR of around 2.1% in the period (2014-2019), reaching to around 153.9 million people in 2019 from around 138.5 million people in 2014, this paved way for the increase in the target segment for executive education in Australia and hence, impacted the growth in the market consequently.
Introduction of Women only oriented Programs: There has been a trend of offering women only programs in the review period. This introduction of women only oriented programs was mainly done in order to promote gender diversity in higher management roles. This promoted more women to actively participate in the executive education programs which stimulated the growth in the market.
Rise in the Government Expenditure on Education: There has been an increase in the government expenditure on education in the review period (2014-19) with a CAGR of around 3.8%, increasing from AUD 85.8 billion in 2014 to AUD 103.4 billion in 2019. This also paved way for the growth of executive education in Australia.
Attraction of International Students: Australia is viewed as the destination of choice for international students looking to enroll in higher education courses, consistently attracting more international students than other developed nations such as Canada, Germany, Japan and Singapore, with a net inflow of approximately 250,000 students per year. There has been an increase in the number of overseas students enrolment in higher education courses in Australia from 0.2 million students in 2013 to around 0.4 million students in 2018.
Key Segments Covered:-
By Type of Executive Education:
Executive Masters
Revenue
Number of enrolments
Number of Programs
MDP
Revenue
Number of enrolments
Number of Programs
By Type of Executive Masters
Executive MBA
Revenue
Number of Programs
Number of enrolments
Executive Non MBA
Revenue
Number of Programs
Number of enrolments
Executive Masters Program By Mode Of Delivery
Offline
Online
Blended
By Element of Executive Masters
Structured
Customized
Executive Non MBA Programs by Type
Leadership
Health
Project Management
Public Administration
Accounting and Others
Key Target Audience:-
Australian Universities
Australian Education Aggregators
Global Education Aggregators
Management Consultancy Firms
Executive Education Providers
Education Authorities
Education Consultants
Time Period Captured in the Report:-
Historical Period – 2014-2019
Forecast Period – 2019-2024E
Universities Covered:-
Bond University
UNSW
University of South Australia
University of Melbourne
Torrens University
University of Sydney
Monash University
University of Technology Sydney
Macquarie University
Curtin University
University of Western Australia
Murdoch University
La Trobe University
Queensland university of Technology
Deakin University
For more information, refer to below link:-
Australia Executive Education Market
Related Reports:-
Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249
