Press release
Education ERP Market Recent Developments, Key Drivers, Share, Top Major Players, Size, and Forecast To 2033
The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033The Business Research Company presents an extensive market research report on the Education ERP Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The education erp market size has grown rapidly in recent years. It will grow from $15.66 billion in 2023 to $17.97 billion in 2024 at a compound annual growth rate (CAGR) of 14.8%. The growth in the historic period can be attributed to increased data vulnerabilities, student information system (sis) security, financial data protection, user authentication challenges, rise in cybersecurity threats..
The education erp market size is expected to see rapid growth in the next few years. It will grow to $31 billion in 2028 at a compound annual growth rate (CAGR) of 14.6%. The growth in the forecast period can be attributed to enhanced communication and collaboration tools, focus on user education and awareness, personalized learning paths, incident response planning, globalization of cybersecurity threats, zero trust security framework.. Major trends in the forecast period include digital transformation in education, cloud-based education erp solutions, integrated learning management systems (lms), data analytics for informed decision-making, adoption of ai and chatbots, e-learning content management..
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Key Market Players:
Major companies operating in the education erp market report are SAP SE, Oracle Corporation, Ellucian Company L.P., Blackbaud Inc., Unit4 N.V., ERPNext, Focus Softnet Pvt. Ltd., Microsoft Corporation, Lighthouse Info Systems, Brainvire, Infor, Foradian Technologies, Jenzabar Inc., MyClass Campus, NetSuite Inc., OpenEduCat Inc., Workday Inc., Epicor Software Corporation, The Sage Group plc, Acumatica, Deltek Inc., Plex Systems, IQMS, Rootstock Software Inc., SYSPRO Technologies, QAD Inc., IFS AB, Ramco Systems Ltd., Aptean, PowerSchool Holdings
Market Drivers:
An increase in the usage of digital technologies in educational institutes is expected to propel the growth of the education ERP market going forward. Digital education refers to technology-enhanced learning or e-learning that uses creative applications of digital tools and technologies during teaching and learning. Educational institutes are adopting digital technologies such as education ERP to manage internal and external resources, control processes like a library, fee payment, transport, courses and curriculum, student enrollments and management, exams and results, other employee management, and more. For instance, according to the India-based platform that provides educational institute management solutions, CollPoll's NEP Survey 2022 findings, more than 95% of the educational institutions' named technology as the primary facilitator, and more than 56% of respondents also emphasized how easier it will be to let students design their degrees as a result of technological integration. Therefore, an increase in the usage of digital technologies in educational institutes is driving the growth of the education ERP market.
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https://www.thebusinessresearchcompany.com/report/education-erp-global-market-report
The education erp market covered in this report is segmented -
1) By Component: Software, Service
2) By Deployment: On Cloud, Premises
3) By Application: Student Management, Academic Management, Human Resource Management, Finance And Accounting Management, Stores And Procurement Management, Other Applications
4) By End User: Higher Education, K-12
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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