Forecasting the Education ERP Market to 2028, with a 10.6% CAGR, Key Trends, Key Players, and Regional Analysis

Persistence Market Research recently published a market report titled "Education ERP Market - Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028." (PMR). By the end of the projection year, it is expected that sales for the education Enterprise Resource Planning (ERP) market, which are projected to be worth US$ 7.8 billion by then, will have increased by about 3X.

According to the PMR analysis, the rise of cutting-edge educational platforms and products, like education ERP and e-learning solutions, is driving the market for education ERP to develop.

In today's rapidly changing electronics market, education institutions are using education ERP solutions for planning, controlling, and delivering data effectively. The usage of education ERP software solutions is essential for reducing the risks and protection from data-related problems. The increasing complexity and functionality of traditional management technology have created potential opportunities for the growth of the education ERP market.

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Internet-based Systems Transforming the Education Sector Trigger the Market Growth

Education ERP is an Internet-based ERP software solution, which is used to manage student information system, school management system, training management, and many more. Education ERP helps teachers, staff, students, and parents to efficiently utilize the data by automating processes in a structured and organized manner. Several companies are providing education ERP software solutions for higher education, especially for colleges and universities.

However, there are some challenges that are faced by the manufacturers of education ERP solutions. Consumers in several regions, such as South Asia, Latin America, and MEA, are price-sensitive and more focused on the latest features and technologies. Nevertheless, high import taxes on consumer electronic devices, such as eBook readers, smartphones, tablets, notebooks, etc., are deterring consumers from buying consumer electronic products. This is the primary factor that is expected to adversely affect the growth of the education ERP market over the forecast period.

Demand for SaaS-based Education ERP Remains Highest in Primary and Secondary Education

PMR has segmented the education ERP market by component, user type, deployment type, and region. By user type, the education ERP market is segmented into kindergarten, primary & secondary, and higher education. The primary and secondary education institutes are projected to hold a prominent share of the education ERP market over the forecast period. This segment is expected to enable the education ERP market to register the highest growth rate during the forecast period due to the increasing number of educational institutions and the demand for SaaS-based education ERP solutions.

By component, the education ERP market is segmented into Student Information Systems (SIS), Learning Management Systems (LMS), Student Assessment Systems (SAS), Library Management Systems, Classroom Management, Fee Management Systems, Hostel Management Systems, and Others. In the Education ERP market, the fee management systems subsegment is playing a crucial role by providing multiple services to educational institutions globally.

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Increasing Adoption of Tech-based E-Learning Tools: An Emerging Trend in the Market

Moreover, over the last few years, the demand for technologically advanced products, especially E-learning electronic products, has registered significant growth across the world, especially in the education ERP market. The governments of various countries across the world have undertaken several initiatives for the development of the education sector by deploying multiple smart solutions and services.

According to PMR analysis, collaborations with other ERP solution providers are likely to help increase business revenue, and new innovation strategies, which will enable the developers of education ERP software solutions to reach potential customers in emerging markets. This is also expected to enable them to increase their revenue sales.

SAP AG, Blackbaud, Inc., and Oracle Corporation are estimated to hold the largest shares of the education ERP market during the forecast period. Some of the vendors of education ERP solutions profiled in the education ERP market report are

• SAP SE
• Dell Technologies Inc.
• Oracle Corporation
• Adobe Systems Incorporated
• Blackbaud, Inc.
• Workday, Inc.
• Ellucian
• Foradian Technologies
• Infor Inc.
• Epicor Software Corporation
• Creatrix Campus
• Pagely, Inc.
• Skyward, Inc.
• 2i Technology
• PCR Educator

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Expert analysis, actionable insights, and strategic recommendations - the Electronics, Semiconductor, and ICT team at Persistence Market Research helps clients from all over the globe with their unique business intelligence needs. With a repository of over 500 reports on electronics, semiconductors, and ICT, of which, 100+ reports are specific for ICT, the team provides end-to-end research and analysis on regional trends, drivers for market growth, and research development efforts in the electronics, semiconductor, and ICT industry.

This release was published on openPR.