Overview and Scope
Admission management software refers to a type of software designed to streamline and automate the process of managing admissions to educational institutions. It helps in managing the entire admission process, from accepting applications to enrollment, and allows educational institutions to efficiently manage a large number of applications, improve the application experience for applicants, and ensure compliance with admissions policies and regulations.
Sizing and Forecast
The admission management software market size has grown rapidly in recent years. It will grow from $1.26 billion in 2023 to $1.42 billion in 2024 at a compound annual growth rate (CAGR) of 12.6%. The growth in the historic period can be attributed to the demand for improving efficiency, increased competition among educational institutions, demand for streamlined admissions processes, regulatory compliance requirements, and increased focus on enhancing student experience.
The admission management software market size is expected to see rapid growth in the next few years. It will grow to $2.30 billion in 2028 at a compound annual growth rate (CAGR) of 12.8%. The growth in the forecast period can be attributed to expansion of online education, rising demand for data-driven decision-making, integration with other education management systems, increasing focus on personalized learning experiences. Major trends in the forecast period include growing digitization of educational institutions, integration with additional educational software systems, increasing use of artificial intelligence and machine learning in admissions processes, continued development of new features and functionalities and increasing adoption of cloud-based solutions.
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The admission management software market covered in this report is segmented –
1) By Component: Software, Services
2) By Deployment: Cloud, On-Premise
3) By Application: Primary And Secondary Schools, University, Research Institute, Training Institution
North America was the largest region in the admission management software market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the admission management software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The rising student enrollment is expected to propel the admission management software market going forward. Student enrollment refers to the total number of students registered or enrolled in educational institutions within a specific timeframe. The rising student enrollment is attributed to factors such as increasing awareness about education, increased access to education services, and rising online educational platforms. Admission management software allows students to submit their applications online, reducing paperwork and making the process more convenient for both students and administrators. For instance, in October 2023, according to the United States Census Bureau, a US-based federal statistical system, the total enrollment in U.S. schools rose by 1.3 million from 2021 to 2022, reaching a total of 75.2 million students enrolled. Therefore, rising student enrollment is driving the growth of the admission management software market.
Key Industry Players
Major companies operating in the admission management software market report are BlackBaud Inc.; Zoho Corporation Pvt. Ltd.; Ellucian Company LP; Rudra Softech LLP; PowerSchool Group LLC; Hyland Software Inc.; LeadSquared (Marketxpander Services Private Limited); Liaison International.; eduZilla.in; Finalsite Holdings Inc.; Dataman Computer Systems Pvt Ltd; NoPaperForms Solutions Pvt. Ltd.; iTech India Private Limited; Edunext Technologies Pvt Ltd; Oréll TechnoSystems (India) Pvt Ltd; ExtraaEdge Technology Solutions Private Limited; Renu SB Creation Software Pvt Ltd; Advanta Innovations Pvt Ltd; Creatrix Campus; Teachmint Technologies Pvt. Ltd.; SevenM Technologies Private Limited.; Kira Talent Inc.; Candour Systems Pvt Ltd.; Mastersoft Erp Solutions Private Limited; TADS Inc.; Embark Corporation; Campus Cafe Software
The admission management software market report table of contents includes:
1. Executive Summary
2. Admission Management Software Characteristics
3. Admission Management Software Trends And Strategies
4. Admission Management Software – Macro Economic Scenario
5. Global Admission Management Software Size and Growth
…..
32. Global Admission Management Software Competitive Benchmarking
33. Global Admission Management Software Competitive Dashboard
34. Key Mergers And Acquisitions In The Admission Management Software
35. Admission Management Software Future Outlook and Potential Analysis
36. Appendix
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