Online education tops "best growth" list

While the last year has proved turbulent for most businesses, a number of industries have managed to generate solid returns.

The latest IBISWorld report reveals the best (and worst) growth industries for 2009/10.

According to IBISWorld, the “top 10” sectors are:

1. Online education (24.3 percent)
2. Video games (11.4 percent)
3. Funds management (10.7 percent)
4. Grain storage (10.1 percent)
5. Electricity generation (8.5 percent)
6. Passenger rail transport (7.2 percent)
7. Waste disposal services (7 percent)
8. Welfare services and fundraising (5.6 percent)
9. Language and other education (5.5 percent)
10. Nursing homes (5.5 percent)


The online education sector comes as a surprising winner, growing from revenue of $827.3 million in 2004 to approximately $2.74 billion in 2009.

During 2009/10, IBISWorld forecasts the online education sector will enjoy 24.3 percent growth as a result of a number of key driving factors.

These include: a strong uptake of broadband internet services, technological advancements, more effective marketing and growing acceptance of online as a mainstream alternative.

Growth in the video game segment has also been extremely strong over the past five years, at 16 percent a year.

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