The global Education ERP Market size is 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 processe, and rising enrollments in the higher education sector.
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.
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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.
The major vendors covered in the education ERP market 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). These players have adopted growth strategies, such as partnerships, collaborations, acquisitions, and new product launches to expand their presence in the education ERP market. Partnerships and new product launches have been the most adopted strategies by major players from 2019 to 2021, which helped them innovate their offerings and broaden their customer base.
SAP (Germany) is one of the leading vendors of the education ERP market. SAP has adopted many inorganic growth strategies to enhance its position in the education ERP market. In January 2021, the company extended its strategic partnership with Microsoft to drive joint innovation by integrating Microsoft Teams and SAP solutions, such as SAP S/4HANA, SAP SuccessFactors offerings, and SAP Customer Experience. With the partnership, the company aims to enhance and simplify the experience for customers running SAP solutions on Microsoft Azure. The company’s next-generation ERP suite, SAP S/4HANA that is deployed in many universities, supports advanced technologies, such as AI and ML, thereby combining automation and integrated processes with real-time analytics.
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Oracle (US) is another top player in the education ERP market. The company has a wide spectrum of offerings for K-12 and higher education institutions for various requirements, such as student management, financial management, procurement, human resource management, and performance management. These innovative product offerings are developed in accordance with the current market trends of cloud, analytics, and mobility. The company’s expertise in delivering innovative solutions will help in providing a next-generation digital campus experience for students and faculties.
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