Australia Pre-Primary Education Industry Essay

Rising Traction of Private Players to Foster Growth of Australia Pre-primary Education Industry: Ken Research The pre-primary education and childcare markets in Australia have showcased separate growth trajectory over the years. The pre-primary market in Australia is an emerging market characterized by the rising awareness about the quality early childhood education and care amongst parents. Although the public spending on the pre-primary education in Australia is amongst the lowest spending countries in the OECD, the government has taken substantial steps to promote the access and the importance of the pre-primary education amongst the masses. The regional pre-primary markets in each of the state or territory differ from another as the governing system is decentralized. Henceforth while the market-run kindergartens account for a dominant share in the states such as New South Wales, Victoria and Queens land, in states including Western Australia, South Australia, Tasmania, Australian Capital Territory and Northern Territory, a vast majority of preschools are government funded and run. Subsequently, the format of education and age-group of the children varies accordingly. The childcare market in Australia is a developed and matured market and is marked by a high degree of fragmentation. The childcare market caters to children aged up to twelve and has experienced a steady growth in the last six years, propelled by high demand prevailing in the market. In the last few years, childcare market has been increasingly recognized by the government as a means of increasing women’s employability in the workforce. Henceforth, various provisions such as Child Care Rebates, Child Care Benefit have been provided, which has encouraged increasing enrollments in this sector. The market revenues of the childcare market have increased from USD 7,081. 6 million in FY’2008 at a CAGR of 5. 6% during FY’2008-FY’2012. The marketplace of pre-primary education and childcare industry in Australia has witnessed a growing number of market players after the fall of the market leader ABC Learning in FY’2008. A majority of the ABC centers was taken over by Goodstart Learning, a nonprofit organization, which accounted for ~% of the market share of the childcare market in FY’2012. Other major players include G8 education and KU children services. The market has showcased an increasing number of profit-making players over the years, owing to the growing attractiveness of the market. With the increasing number of Long-day care centers providing preschool education, the pre-primary education market of Australia has been reflecting signs of growing integration with the childcare market. As the number of nuclear families and women workers has grown in the Australian economy, the dependency on child care has also consequently increased, leading to many preschools providing child care services as well. The report â€Å"Australia Pre-primary Education and Childcare Industry Outlook to FY’2017† provides detailed overview on the pre-primary education and childcare industry from various perspectives. The report encloses a comprehensive analysis of the various segments of the market reflecting the present scenario and future growth affected by changing industry dynamics in coming years. Additionally, the report also entails information about the public and private sector initiatives, rational analysis of the macroeconomic factors, along with the profiles of the major market players of the pre-primary education and childcare industry. The report will help industry consultants, companies and other stakeholders to align their market centric strategies according to ongoing and expected trends in future. For more information on the industry research report please refer to the below mentioned link: http://www. kenresearch. com/education/pre-school-education/australia-pre-primary-educationresearch-report/398-99. html The report titled â€Å"Australia Pre-Primary Education and Childcare Industry Outlook to FY’2017Increasing Influx of Private Players to Foster Industry Revenues† provides a detailed analysis of the preprimary education and childcare industry covering various aspects including market size of pre-primary education and childcare markets in terms of revenues, enrollments, establishments and number of teachers, and market segmentation on the basis of gender and region-wise enrollments and type of funding institutions along with ongoing trends in the industry. The report also includes competitive landscape and profiles of the major players operating in the industry. The future projections are included to provide an insight on the prospects in the Australia childcare market. The pre-primary and childcare industry of Australia is a diverse market which has undergone significant changes over the years. The pre-primary education and childcare markets in Australia are distinguished by the age-group of the target population and the mode of education. The childcare market of Australia is a matured market serving to children aged up to twelve. The type of services provided in the Australian market is quite diverse catering to the various needs and requirement of the families. The revenues of the child care market have grown strongly over the years, with supply largely keeping in pace with demand. Over the past years, child care in Australia has evolved from a form of early learning and education to a key mechanism to support labor force participation. The market for the childcare is competed by private businesses, communities and government run centres. The pre-primary education market of Australia is an emerging market marked by low penetration of the services. The enrollment rates for the children aged 3 and above are still very low. The formats and settings for preschool education in Australia vary from one state or territory to another with departments of education responsible for governing the preschool sector each state. Consequently, the market setting of pre-primary education sector is assorted, with Queensland being one of states which has mandated the admission in the pre-primary education for young kids. Preschool programs in Australia are run by both government and non-government services, including community preschools and child care providers. The competitive landscape of the Australia pre-primary and childcare industry is quite fragmented which has witnessed increasing market entries over the years after the fall of ABC Learning in FY’2008, the market leader the industry. Presently, the childcare market of the industry features a number of players which operate on non-profit basis. However, the increasing influx of the profit-making players has been driving the revenues of the market in recent years. Goodstart Learning, G8 education and KU children services constitute some of the major players of the industry. The pre-primary education and childcare industry in Australia has been witnessing growing integration of the pre-primary and childcare markets with the increasing number of Long day care centers with preschool programs in the country. Preschools with childcare facilities are increasingly becoming a common phenomenon, with increasing trend of customized services being offered by the providers. Computer-based education has also entered into the preschool segment, reflecting the increasing quality of the education imparted.