It has become fashionable to talk about borderless education. It is one of the fastest growing sectors in the international market. At the same time technology by introducing the new delivery modes and broadening the range of education and training services have changed the way learners make decisions and expand competitive markets. In this regard, Australia is the first country which has adopted and maintained a strong reputation in distant education programs.
International education is a highly and increasingly diverse sector which include the onshore and borderless provision of education. It has world class reputation for delivering high-quality education around the globe. Australia is a global leader in providing international education due to its comparative strengths. Australian advantage is integral to the performance and future success of borderless education providers in Australia. Proximity to key markets and increasingly open trade relations, a multicultural and multilingual society, reputation for quality, industrial prowess and price competitiveness are some of the most significant opportunities for Australian training service providers.
Online education industry of Australia is growing and reached $5.2 billion in revenue. Over the last 5 years, it has increased by 11% per year. Technology has made international expansion cheaper and more efficient than ever before. Technology by changing the needs of the learners and by introducing the concept of lifelong learning, mobile and flexible learning have increased the opportunity to explore borderless education for Australia as well as other countries.
The current market analysis suggests that borderless education will continue to remain viable solution particularly in India and China and in other developing countries such as Vietnam and Mexico. India has a booming economy with rising population, urbanization and rapidly changing the profile of the demographics. Currently, the population of India is more than 1.2 billion out of which elderly population is close to 100 million. It is projected that it will expand over 300 million by 2050. It has been identified that aged care sector is an emerging market for Australian training providers. Australian companies are even jointly running aged care centers, and it is a great opportunity for Australian training providers. There is also a growing need for transnational education for childcare in China because one child policy of China introduced in 1970 has abandoned at the beginning of 2016. Moreover, Indian sport is the poor state of the organization. Lack of professional sport training programs is also a strong opportunity for Australian training service providers.
The borderless market is an untapped market in many respects, and it has no precedents. Australian service providers have a large number of comparative advantages and opportunities to train overseas. Progressive opening up in Asian and Middle Eastern Nation will allow Australian institutes to compete with other significant and prestigious international education providers and build more strong reputation and presence in national as well as in international markets.