3. Preschool education
Over the coming financial year, IBISWorld expects the preschool education industry to grow by 26% and to be worth $1.1 billion.
Growth is expected to be driven primarily by additional funding, equating to $297 million over 2012-13, from the Federal Government to support reforms aimed at standardising preschool education.
The Federal Government’s universal access policy is expected to increase demand for preschool services and increase total childcare hours.
All state governments have agreed that by the end of 2013, all four-year-old children will have access to 15 hours of preschool per week, 40 weeks of the year.
These services are to be delivered by an early childhood teacher with four years of university training.
All in all, pre-schoolers look set to be a fruitful target demographic for entrepreneurs in the coming years.