Admission Management Software Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
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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Scope Of Admission Management Software Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Admission Management Software Market Overview
Market Drivers –
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.
Market Trends –
Major companies operating in the admission management software market are developing advanced solutions, such as cloud-based school management systems, to enhance scalability, accessibility, and flexibility for educational institutions. Cloud-based school management systems refer to comprehensive digital platforms hosted on cloud infrastructure that facilitate the efficient management of the admissions process in educational institutions. For instance, in February 2023, Techdost, an India-based company providing digital marketing services and web development solutions, launched Vedmarg, a cloud-based school management system (school ERP (enterprise resource planning) and learning management system) that aims to facilitate the complex administrative operations of educational institutions. It includes 80+ modules such as admission registration, fee management with transportation, attendance, reports, mark sheets, exam timetables and admit cards, ID cards, online exams, quizzes, and transfer certificates, among others. The software aims to improve the activity workflow of schools and colleges, providing a centralized platform to access all the data of various departments remotely from anywhere at any time. The software also offers features such as customized fee structure, cloud-based data backup, SMS alerts, and easy data access, making it easier for schools and institutions to manage their financial records, communicate with parents and students, and improve productivity.
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
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Regional Insights –
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.
Key Companies –
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
Table of Contents
1. Executive Summary
2. Admission Management Software Market Report Structure
3. Admission Management Software Market Trends And Strategies
4. Admission Management Software Market – Macro Economic Scenario
5. Admission Management Software Market Size And Growth
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27. Admission Management Software Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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