School Management Software Market Expected To Witness A Sustainable Growth 2018 - 2026
As many changes has been taking place, one of the key changes is implication of concept K-12 system, this K-12 is an education system which is different from conventional method of teaching and boosts interaction between student and teacher. Furthermore, adoption of concept K-12 system in various countries such as U.S, Canada, India and other country has been taken place. Moreover, in, India the K-12 system is being adopted by both private and government schools. The government announced to provide free K-12 education across the country. Demand for school management software is anticipated to increase owing to the rise in adoption of advanced technology and introduction of new concepts in the education sector.
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School management software also enables educational institutes to manage financial and human resources administration tasks. School management software enables the school administration to send details of students, such as progress report, attendance, and fee status directly to their parents.
Therefore, the software has proven to be valuable for parents and the school administration. Governments of nations across the globe are taking initiatives to invest in advanced technology for the advancement of education. This, in turn, is estimated to drive the school management software market. The school management software market is also anticipated to witness significant expansion due to increasing adoption of online-based learning and smart classroom concepts.
The global school management software market can be segmented based on deployment model, operating system, modules, and region. Based on deployment model, the market can be classified into on-premise and cloud. Furthermore, the cloud-based deployment segment is anticipated to expand in the near future due to ease of usage and enhanced security of school data. Based on operating system, the school management software market can be divided into windows, iOS, and Android. In terms of modules, the market can be segregated into student assessment, finance management, human resource, and others. North America is expected to witness a high demand for school management software due to increase in implementation of new modes of education The school management software market in emerging economies, especially in Europe and Asia Pacific is anticipated to witness expansion at a considerable growth rate during the forecast period. The market in APAC is likely to expand due to increasing adoption of advanced technology for education and support from governments of countries in the region to provide free education across those countries.
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The vendors of school management software are capitalizing on mobile devices as another source of information accessible by education institutes. For instance, Foradian Technologies offers Fenda connect, which is available to users as a mobile app. Its features include course schedules, progress report fee transactions, and notifications. Increase in availability of such software for K-12 and higher education segments is likely to boost the school management software market in the near future. Key players operating in the global school management software market include Ellucian Company L.P., Foradian Technologies, Hobsons, Jenzabar, Inc., Oracle Corporation., Web School ERP, Creatrix Campus, Skolaro, feKara, and Gibbon.
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