School Management System Market
According to MRFR analysis, the global school management system market was valued USD 8.5 billion in 2018 and is expected to reach USD 25.7 billion by 2025 with a CAGR of 17.7% during 2019–2025. Factors driving the growth of the market include rising government initiatives in education sector, rise in adoption of cloud-based ERP solutions, and increase in need for video-based applications by academic institutions. On the other hand, limited availability for the customization and financial constraints are hindering the growth of the school management system market during the forecast period.
A school management system refers to a part of the enterprise resource planning software that is mainly used for educational institutions for managing all types of information management systems. It is generally used for a variety of applications that include student registration, documentation of grades and analytical marks for each student, payroll management, accounting management, and other applications. Furthermore, the student management system also entails the overall information of educational institution which includes administration management system, academic management system, and financial management system.
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The global school management system market is estimated to upscale at a robust growth rate of 17.7% during the forecast period, as per the latest report developed by the researchers at Market Research Future (MRFR). The global school management system market is also estimated to register a market revenue valuation of USD 25.7 billion by the end of the forecast period. The education sector is expected to witness rapid transformation owing in the forthcoming years, owing to the advancements of technology and the rising adoption of cloud-based software.
This cloud-based software is expected to note a hike in demand owing to a better accessibility feature portals. Notably, most of these developments are observed to take place in economies with sophisticated infrastructure such as the US, Canada, or Western and Central European countries. However, owing to a lack of human resources, financial constraints, and limited options for customization of the software, the global school management system market is expected to witness hindrance in growth over the forecast period.
Regional Analysis
The geographical analysis of the global school management system market has been done for North America, Europe, Asia-Pacific, the Middle East and Africa, and South America.
North America accounted for the largest market share in the school management system market; this growth can be attributed to the presence of tier I vendors and the adoption of predictive analytics in education system. Additionally, the US is expected to dominate the market owing to increasing adoption of cloud-based learning management solutions by the educational institutes.
Europe accounted for the second-largest share of the global school management system market in terms of market size. The European market has been divided into the UK, Italy, Spain, Germany, France, and the rest of Europe. The UK accounted for the largest market share in 2018 and is expected to continue to dominate the European market; growth here can be attributed to increasing number of fellowship students taking admission in the European universities that eventually increase the demand for automated administration solutions. Whereas Germany is expected to exhibit the highest CAGR during the forecast period. The market growth is due to the rapid digital transformation and investments among the education sector to enhance the student-teacher learning experience.
The market in Asia-Pacific is expected to be the fastest-growing from 2019 to 2025. The regional market has been classified as China, Japan, India, Australia, South Korea, Singapore, and the rest of Asia-Pacific. China accounted for the largest market share in 2018 and is expected to continue to dominate the market due to the adoption of a cloud-based school management system. Additionally, India is expected to witness the fastest growing market for school management system attributed to the increasing number of government initiatives through the Digital India platform to transform and digitalize the education sector.
Dependence on legacy systems, lack of personnel and financial constraints are some of the factors that result in gradual growth in the Middle East and Africa and South America region.
Segmentation
The global school management system market has been segmented based on component, deployment mode, application, end user, and region.
By component, the global school management system market has been bifurcated into solutions and services. Furthermore, based on services, the school management system market has been subdivided into professional services and managed services. The professional services segment has been categorized into consulting and implementation services and training and development services. The solution segment accounted for the larger market share in 2018. The market growth is attributed to increasing adoption of cloud-based ERP solutions in educational institutions. On the other hand, the services segment is anticipated to exhibit a higher CAGR during the forecast period.
By deployment mode, the market has been segmented into cloud and on-premise. The cloud segment is presumed to be the higher growth rate in the market owing to the availability of seamless cloud-based solutions that can be easily integrated with various applications such as administrative management and financial management segments. However, the on-premise segment is being still preferred over the cloud solution owing to security concerns.
Based on end user, the global school management system market has been categorized into schools, universities, community colleges, and others. The university segment accounted for the largest market share in 2018 owing to the rising adoption of automated student information system. However, the schools segment is presumed to register the highest CAGR during the forecast period.
Key Players
Some prominent players in the global market for school management system market include Blackboard, Inc (US), Skolaro (India), Oracle Corporation (US), Ellucian Company L.P (US), Foradian Technologies (India), Hobsons (US), Jenzabar, Inc (US), PowerSchool (US), Capita SIMS (UK), Classter (Greece), Instructure, Inc (US), McGraw-Hill Education, (US), Cornerstone (US), Schoology (US), and Knewton, Inc. (US).
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