On-line education to fly

IBISWorld has released its annual projection of those industries that will fly or fall during 2012.

Of significant note is on-line education, set to grow by almost 11% top $4.8bn.  This will be supported by continued uptake of high speed internet connection and a growing acceptance of this method of learning.

The highest growth is estimated at 36.7% for the diamond and gem stone mining industry.  The other three ‘flyers’ are motor vehicle manufacturing, biotechnology and on-line shopping.

The industries set to fall are:

• Iron and steel manufacturing
• Institutional Building Construction
• Cotton growing
• Cut flower growing
• Pulp, Paper and Paperboard Manufacturing

IBISWorld press release