Education ERP Market Significant Demand by 2021 | Top Companies are Oracle Corporation, SAP SE, NetSuite Inc., Microsoft Corporation, ScientechSoft, fedena, Serosoft Solutions, Profmax Business Solutions Pvt. Ltd., Candour systems, and Datatel

Global Education ERP Market Overview:

Enterprise Resource Planning (ERP) allows you to integrate different functions of an organization in real time to manage databases and other functions effectively. ERP systems track the company's resources, such as raw materials, cash, analyze production capacity and control the status of orders and payroll. ERP simplifies the flow of information between the different functions of the company and is also responsible for updating the priority stakeholders. The ERP has been rapidly adopted in all the important industrial sectors, such as health, manufacturing, retail and education. Schools and universities are more likely to focus on their core competencies in providing quality education. Therefore, the education sector wants to outsource the complex management process to external suppliers. In schools and universities, the ERP system allows the smooth administration of student information systems (SIS), payroll, accounting, investment management, transportation management, enrollment and admissions. In addition, the need to secure the vital data of organizations and institutions is another factor by which universities and schools are considering ERP solutions.

Global Education ERP Market Size:

According to Research Cosmos, The Global Education ERP Market is projected to grow from USD 6.77 Billion in 2016 to USD 14.19 Billion by 2021, at a CAGR of 15.9% from 2016 to 2021. 

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Drivers and Restraints:

The demand for automatic updates and access to student information to authenticated members has forced institutions and schools to move towards centralized processing, accelerating the market for education. In addition, the increase in the number of institutions around the world has accentuated the increase of ERP software in educational institutions. The introduction of cloud services in ERP systems has made it easier for institutions because software and data are managed centrally by the ERP provider. This encourages institutions to consider ERP cloud services, which allows them to focus on their core capabilities. The customization of ERP solutions to integrate and meet the needs of the institution was one of the factors that influenced the rapid adoption of ERP systems in the education sector. In addition, due to the high price of the solution, suppliers face challenges to justify the return on investment (ROI) of educational institutions.

Geographical Insights:

Due to the higher demand for management of various academic processes, the adoption of ERP solutions in academic institutions has allowed administrators to effectively manage their business processes, such as billing, enrollment and student registration. The IoT is expected to experience massive growth in Asia Pacific in the coming years, and the increase in mobile tools plays a key role in the growth of ERP software. The advanced industrial sector is very metropolitan, and its composition and depth vary considerably from one region to another. The Asia-Pacific region is making a significant contribution to market growth, thanks to the rapid adoption of various academic ERP solutions. However, growth in the Asia-Pacific market is fragmented and many local players have contributed to this market, creating a highly competitive ecosystem in the academic ERP market.

Key Players:

Oracle Corporation, SAP SE, NetSuite Inc., Microsoft Corporation, ScientechSoft, fedena, Serosoft Solutions, Profmax Business Solutions Pvt. Ltd., Candour systems, and Datatel, Inc. are major players among many others.

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Scope of the report:

The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.

The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.

What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.

About Us:

Research Cosmos is a provider of standard and customized market research, business intelligence and consulting services across more than 100 domains in different industries of the world. We host the trending market reports of the world’s top-notch publishing companies, offering services to a wide range of customers from students to fortune 500 companies and discloses the hidden opportunities in every leading industry of the world.

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