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School Management Software Market Key Trends, Latest Insights, Future Trends And Forecast To 2033
School Management Software Market
As per the report, the school management software market size has grown rapidly in recent years. It will grow from $14.44 billion in 2023 to $17.09 billion in 2024 at a compound annual growth rate (CAGR) of 18.3%. The school management software market size is expected to see rapid growth in the next few years. It will grow to $33.92 billion in 2028 at a compound annual growth rate (CAGR) of 18.7%.
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The Rise Of Online Education Fuels School Management Software Market Growth
The rising popularity of online education is expected to propel the growth of the school management software market going forward. Online education refers to delivering educational content and instruction via the internet. The popularity of online education is rising due to its flexibility, accessibility, affordability, technological advancements, and ability to meet evolving learner and institutional needs. School management software streamlines administrative tasks, fosters communication, and provides tools for managing students, courses, and assessments in online education, enhancing effectiveness and efficiency. For instance, in January 2022, according to the World Economic Forum, a Switzerland-based non-governmental organization, the number of students enrolled in online education experienced a significant increase, jumping from 71 million in 2020 to 92 million in 2021. Therefore, the rising popularity of online education is driving the growth of the school management software market.
Innovative Cloud-Based School Management Software Solutions
Major companies operating in the school management software market focus on developing innovative solutions, such as cloud-based school management software, to enhance accessibility and facilitate seamless communication among stakeholders. Cloud-based school management software solutions are designed to streamline administrative tasks, facilitate communication, and improve overall efficiency within educational institutions. For instance, in February 2023, Techdost, an India-based software development startup, launched Vedmarg, a cloud-based school management system to facilitate complex administrative operations in educational institutions. This software, integrated with numerous modules like fee management, attendance, online exams, quizzes, and more, is designed to enhance the workflow of schools and colleges. Vedmarg aims to improve productivity, reduce errors, save time and money, and provide a seamless educational experience for students, teachers, and parents.
The school management software market covered in this report is segmented -
1) By Functionality: Student Information Management, Administration Management, Financial Management, Library Management, Attendance Management, Examination Management, Timetable Management, Communication Management, HR And Payroll Management,
2) By Operating System: Windows, iOS (iPhone Operating System), Android
3) By Deployment Type: Cloud-Based, On-Premises
4) By Application: Primary Schools, Secondary Schools, Higher Education Institutions, Other Applications
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Major companies operating in the school management software market are Google LLC, Microsoft Corporation, IBM Corporation, Cisco Systems Inc., Oracle Corporation, SAP SE, Adobe Inc., Pearson PLC, Follett Corporation, Tyler Technologies Inc., McGraw-Hill Education Inc., Educomp Solutions Ltd., Ellucian Company L.P., Blackboard Inc., PowerSchool Group LLC, Instructure Inc., D2L Corporation, Canvas, Promethean World Ltd., Desire2Learn Incorporated, Jenzabar Inc., Moodle Pty Ltd., Schoology, ExamSoft Worldwide Inc., Knewton Inc.
Contents of the report:
1. Executive Summary
2. School Management Software Market Report Structure
3. School Management Software Market Trends And Strategies
4. School Management Software Market - Macro Economic Scenario
5. School Management Software Market Size And Growth
…..
27. School Management Software Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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