Market Size –
The education erp market size has grown rapidly in recent years. It will grow from <b>$15.66 billion in 2023 to $17.97 billion in 2024 at a compound annual growth rate (CAGR) of 14.8%. </b> The growth in the historic period can be attributed to increased data vulnerabilities, student information system (sis) security, financial data protection, user authentication challenges, rise in cybersecurity threats.
The education erp market size is expected to see rapid growth in the next few years. It will grow to <b>$31 billion in 2028 at a compound annual growth rate (CAGR) of 14.6%. </b> The growth in the forecast period can be attributed to enhanced communication and collaboration tools, focus on user education and awareness, personalized learning paths, incident response planning, globalization of cybersecurity threats, zero trust security framework. Major trends in the forecast period include digital transformation in education, cloud-based education erp solutions, integrated learning management systems (lms), data analytics for informed decision-making, adoption of ai and chatbots, e-learning content management.
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Scope Of Education ERP 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.
Education ERP Market Overview
Market Drivers –
An increase in the usage of digital technologies in educational institutes is expected to propel the growth of the education ERP market going forward. Digital education refers to technology-enhanced learning or e-learning that uses creative applications of digital tools and technologies during teaching and learning. Educational institutes are adopting digital technologies such as education ERP to manage internal and external resources, control processes like a library, fee payment, transport, courses and curriculum, student enrollments and management, exams and results, other employee management, and more. For instance, according to the India-based platform that provides educational institute management solutions, CollPoll’s NEP Survey 2022 findings, more than 95% of the educational institutions’ named technology as the primary facilitator, and more than 56% of respondents also emphasized how easier it will be to let students design their degrees as a result of technological integration. Therefore, an increase in the usage of digital technologies in educational institutes is driving the growth of the education ERP market.
Market Trends –
Product innovation is a key trend in the education ERP market. Major players operating in the market are introducing innovative products to automate the entire workflow. For instance, in Frbruary 2023, Techdost Services Pvt Ltd, a India-based software development company, launched Vedmarg, the cloud-based school management system. This Vedmarg software unique features 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, to improve the activity workflow of schools and colleges. Vedmarg is a cloud-based school management system or software designed to make complex administrative activities in educational institutions easier. i
The education erp market covered in this report is segmented –
1) By Component: Software, Service
2) By Deployment: On Cloud, Premises
3) By Application: Student Management, Academic Management, Human Resource Management, Finance And Accounting Management, Stores And Procurement Management, Other Applications
4) By End User: Higher Education, K-12
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Regional Insights –
North America was the largest region in the education ERP market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the education erp market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the education erp market report are SAP SE, Oracle Corporation, Ellucian Company L.P., Blackbaud Inc., Unit4 N.V., ERPNext, Focus Softnet Pvt. Ltd., Microsoft Corporation, Lighthouse Info Systems, Brainvire, Infor, Foradian Technologies, Jenzabar Inc., MyClassCampus, NetSuite Inc., OpenEduCat Inc., Workday Inc., Epicor Software Corporation, The Sage Group plc, Acumatica, Deltek Inc., Plex Systems, IQMS, Rootstock Software Inc., SYSPRO Technologies, QAD Inc., IFS AB, Ramco Systems Ltd., Aptean, PowerSchool Holdings
Table of Contents
1. Executive Summary
2. Education ERP Market Report Structure
3. Education ERP Market Trends And Strategies
4. Education ERP Market – Macro Economic Scenario
5. Education ERP Market Size And Growth
…..
27. Education ERP Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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