Online education has increased access and equity in education at a rapid rate. It has enabled universities to reach new demographics of students and allowed them to study on their terms around other commitments. Student audiences are no longer limited by geography and their ability to study on-campus, providing significant growth opportunities and financial benefits to universities.
Online learning has come a long way from the days of lecture videos, PowerPoint presentations and email PDFs. Today’s students have high expectations and demand courses that are clear, engaging and above all, accessible.
Online education has increased access and equity in education at a rapid rate. It has enabled universities to reach new demographics of students and allowed them to study on their terms around other commitments. Student audiences are no longer limited by geography and ability to study on-campus, with recruitment now focusing nationally and on a global scale. This provides significant growth opportunities and financial benefits to universities as they expand invest in new delivery modes and student cohorts.
In Australia, online higher education has expanded rapidly over the last 5 years at 8.3% compound annual growth. This increase has been most pronounced at the undergraduate level, which has shown a 15% compound annual growth. On current forecasts, the sector inclusive of professional development is set to sustain a rate of 4.5% annual growth over the next five years, which equates to industry revenue of $6.7 billion by 2022 in Australia alone.
OES firmly believes that the provision of a quality learning experience should not be compromised by the delivery channel and understands that entering the online education market requires significant commitment from a university to develop credible materials, systems and capabilities across the entire student life cycle. Our commercial expertise, combined with our academic heritage provides partners with proven capability to launch an online offering, quickly and at scale, without compromising quality.
OES is passionate about providing a world-class, high quality online student experience and ensuring the considerable growth opportunities that exist for our partners are realised.
