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Education ERP Market Size to Grow at a CAGR of 9.0% during 2023-2027 | Valuates Reports
The global Education ERP market size is projected to reach USD 15470 Million by 2027, from USD 8397.9 Million in 2020, at a CAGR of 9.0% during 2021-2027. Key drivers of the Education ERP market include the growing need for managing huge amounts of data and various business activities in academic institutions. In addition to it, availability of cloud based ERP solutions and its numerous benefits is also expected to boost the growth of the education ERP market.
Further increasing adoption in developing economies and rising enrolment rates will positively impact the market growth in the coming years.
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Education ERP Market Trends
Managing huge amounts of data and business activities
Educational institutions have to deak with huge volumes of data and information. This makes storage and processing difficult. ERP systems enable easy information storage, sharing and communication between various departments such as finance, administration, infrastructure etc. Also data related to student, staff, timetable, examinations are easily accessible through an education ERP system. This allows management to efficiently plan and allocate resources along with automated management of business activities. Thus proper management of huge amounts of data and increasing business activities is expected to propel the growth of the education erp market during the forecast period.
Availability of cloud based ERP solutions and numerous benefits offered
Cloud based ERP systems automate the entire management process. Administrators get access to data in real time allowing speedy decision making. Also, the easy storage , security and unified platform help cut data redundancy which reduces operational complexities. Moreover the information is stored on a central cloud based server which can be accessed quickly thereby increasing workflow efficiency. Thus widescale adoption of cloud based ERP solutions due to its numerous benefits will drive the growth of the education erp market in the coming years.
Increasing adoption in developing economies and expanding enrolment rates
APAC countries like Australia, China, Japan are adopting ERP and school management softwares. Further growing urbanization, rising middle class population, the ever increasing enrolment rates and connectivity options will augment the market growth in the coming years. Thus expanding enrolment rates and growing education awareness will spur the growth of the education erp market during the forecast period.
Education ERP Market Share Analysis
Based on type, the cloud segment is expected to provide lucrative opportunities for growth in the education erp market share due to widescale adoption because of various benefits provided such as ease of integration, low deployment costs and no need for initial capital expenditure for software.
Based on application, the higher education segment is expected to provide lucrative opportunities for growth in the education erp market share as technology based learning is gaining momentum. Students are changing their expectations of schools and colleges as they are ready to place a premium on online lectures, timetables and quicker access to institutional services. Hence higher educational institutes are implementing ERP systems to boost student engagement and learning.
Based on region, the Asia-Pacific segment is expected to provide lucrative opportunities for growth in the education erp market share during the forecast period due to increasing client base for education ERP software users, growing trend of education ERP hybrid development and increasing focus of educational institutions to implement ERP for integration of important operations of various departments such as finance, administration,infrastructure etc.
Education ERP Market Segmentation
By Type
• Cloud
• On-premise
By Application
• Kindergarten
• K-12
• Higher Education
Key Companies
• SAPAg
• Oracle
• Blackbaud
• Dell Inc.
• Epicor Software Corporation
• Ellucian
• Jenzabar
• Infor
• Unit4 Software
• Foradian Technologies
View Full Report: https://reports.valuates.com/market-reports/QYRE-Auto-38T3275/global-and-japan-education-erp
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2. K12 Education LMS Market: https://reports.valuates.com/market-reports/QYRE-Auto-28V5619/global-k12-education-learning-management
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