IBISWorld estimates industry revenue will expand at an annualised rate of 2.9% over the five years through 2012-13. IBISWorld forecasts that universities will enrol 1.32 million students in 2012-13. Nearly 15% of the student population are international students, generating an estimated $4.1 billion in fees this year. However, the high Australian dollar has impeded international student enrolment growth. The industry recorded its first decline in international student numbers in 2012 and IBISWorld expects another decline to follow in 2012-13. However, the uncapping of university places starting January 2012 has enabled universities to increase enrolments.
The industry comprises accredited providers of university undergraduate or postgraduate teaching and research. The industry also includes colleges of education, which offer advanced level courses.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.