According to a new market research report "Education ERP Market With Covid-19 Analysis by Component (Software, Services), Deployment Type, End User (K-12, Higher Education), Application (Student Management, Academic Management, Finance & Accounting Management), Region - Global Forecast to 2026" published by MarketsandMarkets™, the market size projected to grow from USD 12.7 billion in 2021 to USD 25.2 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 14.7% during the forecast period.
The Education ERP Market is gaining traction due to availability of cloud-based ERP solutions, need of automated management to carry out business processes in academic institutions, enhanced performance of administrative modules increasing the need for managing academic processes, and rising enrollments in the higher education sector.
Browse in-depth TOC on "Education ERP Market with Covid-19 Analysis”
225- Tables
50- Figures
211- Pages
Download Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=225190725
Software segment to account for largest market share during the forecast period
Software segment accounts for largest market share during the forecast period. Education ERP is an integrated software suite for managing and controlling numerous processes in educational institutions, such as schools, colleges, and universities. The software suite comprising various modules for applications, such as admissions, timetable management, learning management, examinations, fees management, library management, hostel management, payroll, HR, communication, and transport management. The implementation of ERP software in educational institutions facilitates enhanced student-faculty communication, tracking, and better decision-making through real-time data and analytics, convenient access to resources and institutional services, and automation of administrative processes, thereby enabling institutions to provide a digital campus experience for their students.
K-12 segment is expected to grow at the highest CAGR during the forecast period
K-12 segment is expected to grow at the highest CAGR during the forecast period. Schools are deploying ERP systems to carry out various administration activities. They are trying to incorporate digital learning methods. They are using learning management system to deliver lessons and upload study materials and assignments. Schools are also offering access to video-based content with augmented and virtual reality, making learning more interactive and engaging. They are nowadays using portals for parent-teacher communication. It allows parents to receive information related to school events, timetable, attendance, results, examinations, homework, and academic progress. Several schools which operate school buses are utilizing the transport module in the school ERP software, which is equally beneficial for schools and parents. It helps schools to manage their school bus routing and tracking and keep a record of the details of the drivers and buses.
Academic Management segment is expected to grow at the highest CAGR during the forecast period
Academic Management is expected to exhibit a higher CAGR during the forecast period. Academic management includes designing the teaching pedagogy, course management, setting up timetables, assignment management, and examination management. Education ERP software comes with various modules to automate academic management processes. Learning management system supports the goals of educational institutions by providing a digital classroom experience with innovative teaching methodologies. It offers a collaborative digital workspace enabling faculties to deliver online lectures, share educational resources, and conduct discussions through communication channels. The timetable management module helps schools and colleges of various size to schedule and manage timetables seamlessly. It also automatically allocates a substitute staff to a class during the absence of any faculty. Examinations module help in handling crucial operations, such as scheduling exams, defining grading criteria, setting up question papers, generating hall tickets, conducting proctored online exams, paper evaluation, and final scorecard generation, thereby simplifying the tasks of faculties. The recent shift to remote teaching and learning models is expected to drive the growth of this segment.
APAC is expected to grow at the highest CAGR during the forecast period
APAC is expected to grow at the highest CAGR during the forecast period. APAC is one of the fastest-developing regions in the world and has the largest student population, making the region highly profitable for the Education ERP Market. The region is expected to be the fastest-growing market in the global education ERP software market due to the expansion of the customer base for the education ERP software users and the emerging trend of education ERP hybrid development. Educational institutions in APAC are focusing on the implementation of digital solutions and the encouragement of the use of ERPs to seamlessly integrate key processes of an education institute, which include academic, financial, administrative and infrastructure, and communication. The rising significance of video-based learning in various economies, such as India, China, and Japan, will also contribute to drive the market in the region.
Speak to Research Expert @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=225190725
Key and innovative vendors in the Education ERP Market include Anubavam (US), Blackbaud (US), Brainvire (US), Edumarshal (India), Ellucian (US), Entab (India), Focus Softnet (UAE), Foradian (India), Infor (US), Jenzabar (US), LIBSYS (India), Lighthouse Info Systems (India), Microsoft (US), Oracle (US), Prolitus (India), Ramco Systems (India), Sage (UK), SAP (Germany), Serosoft (India), Skolaro (India), Sparkrock (US), TCS (India), Tyler Technologies (US), Unit4 (Netherlands), and Workday (US).
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]
Visit Our Website: https://www.marketsandmarkets.com
According to a new research report “Education ERP Market by Component Solution (SIS, Financial Management, HR/Payroll, Enrolment & Admission, Placement Management), Service, Deployment Type (Cloud, On-Premise), User Type (K-12, Higher Education), Region — Global Forecast to 2021”, The education ERP market is estimated to grow from USD 6.77 Billion in 2016 to USD 14.19 Billion by 2021, at a CAGR of 15.9% between 2016 and 2021.Request Sample Pages for this report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=225190725The major forces driving the education ERP market are increased demand for automated management of various business processes in academic institutions.
Education ERP solutions enable educators to streamline various educational processes by managing several modules, such as HR/payroll, financial management, placement management, and SIS across the education sector.
These solutions act as an innovative medium that help students succeed in the ever-widening digital world.“The cloud deployment type segment of the education ERP market is projected to grow at the highest CAGR during the forecast period.”The cloud deployment type segment of the education ERP market is projected to grow at the highest CAGR during the forecast period, 2016 to 2021.
Cloud-based deployment type, also known as hosted deployment, offers cloud-based education ERP solutions to the academic sector.
Higher education institutions include private as well as government-funded colleges and universities.
Education ERP solutions help in reinforcing the way administrative processes, such as HR/payroll, financial management, and enrolment interactions are carried out within campus premises.Ask for Report Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=225190725“The North American region is expected to lead the education ERP market during the forecast period.”On the basis of regions, the education ERP market has been segmented into North America, Asia-Pacific (APAC), Europe, Middle East & Africa (MEA), and Latin America.
Global Education ERP Market As per the GMI Research report the Education ERP Market will experience extensive growth opportunities over the forecast period.
This is because of the intensifies emphasis on executing digital solution, increasing prominence of video based learning, and the assistance of the software to increase effectiveness.Request for a FREE Sample Report on Education ERP MarketEducation ERP Market DynamicsThe increasing endorsement of ERP Systems by several educational institutes to enhance their functional effectiveness has stimulated the growth of the global education ERP market.
These days the cloud-based ERP systems have replaced the conventional data management techniques.
Moreover, the augmenting demand for mechanised management to run business procedures in educational institutions and enhanced performance of modules have supplemented the demand for controlling academic processes are other factors paving the way for market growth.Furthermore, the surging deployment of ERP systems by several academic institutions to decrease the workload in various administrations by the coordination and efficient management of different business processes has supplemented the market growth.
With the lockdown enforced throughout the nation organisations were forced to acquire online learning platforms.
For example, , BYJU’S, the Indian educational technology company, in 2020, experienced an expansion of 150% in the enrolment number of new students after it offered a free admittance to its learning app.
