What does future leadership look like in the Education industry?
Annual growth in online education
Revenue in the online education market in Australia is expected to hit USD 4.41 billion in 2024. This segment is showing a strong annual growth rate of 8.66%, reflecting the rising preference for flexible, digital learning solutions​ (IBISWorld, 2024).
Market size of education and training industry
The education and training industry in Australia is projected to reach a market size of AUD 149.1 billion in 2024, marking a 2.93% increase from 2023. This growth is driven by increasing demand for higher education and vocational training, alongside government investment in the industry (IBISWorld, 2024).
Government investment into education
The Australian government has allocated AUD 131.5 billion to the education sector for 2024, marking a 4.7% increase from the previous year. This investment focuses on enhancing infrastructure, teacher training, and digital resources​ (Department of Education).
Concerned about upskiling in AI
Nearly 40% of university team members agree or strongly agree they are concerned about being left behind in the use of AI, reveals a national survey underway on how Australian university staff use AI (Universities Australia, 2024)