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School Management System Market 2024 - By Size, Share Analysis, Growth Trends And Forecasts To 2033
School Management System Market
According to The Business Research Company's, The school management system market size has grown rapidly in recent years. It will grow from $16.68 billion in 2023 to $19.31 billion in 2024 at a compound annual growth rate (CAGR) of 15.8%. The growth in the historic period can be attributed to increased focus on data analytics and insights for informed decision-making in education, efficient transport attendance management, real-time tracking of school buses for parents, carrier contracts management, increased demand for student safety and efficient transportation.
The school management system market size is expected to see rapid growth in the next few years. It will grow to $35.09 billion in 2028 at a compound annual growth rate (CAGR) of 16.1%. The growth in the forecast period can be attributed to inclination towards e-learning, growing emphasis on improving the quality of education, rising government initiatives and investments in research and development, proliferation of smart mobile devices, rising digitization in the education industry. Major trends in the forecast period include adoption of e-learning platforms, technological advancement, adoption of virtual solutions, increase in investment by schools, investments in cloud-based school management system.
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Market Drivers and Trends:
The inclination towards e-learning is expected to propel the growth of the school management system market going forward. E-learning refers to acquiring knowledge and skills facilitated by electronic technologies and digital media. E-learning is growing due to its flexibility, accessibility, and cost-effectiveness compared to traditional education methods. A school management system helps support e-learning initiatives by providing essential tools and functionalities for course management, student engagement, assessment, communication, and reporting. By leveraging a school management system, educational institutions can effectively transition to online learning environments and deliver high-quality education to students, regardless of physical location or logistical constraints. 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 surged from 71 million in 2020 to 92 million in 2021. Therefore, the inclination towards e-learning is driving the growth of the school management system market.
Major companies operating in the school management software market are developing technologically advanced products, such as classroom management software, to optimize teaching and learning environments in physical and virtual classrooms. Classroom management software is a digital tool that helps teachers manage and monitor student activities and engagement in a classroom setting, particularly in digital or technology-integrated classrooms. For instance, in April 2022, Impero Software, a UK-based education software provider, launched the Impero Classroom. Impero Classroom Management software empowers teachers with comprehensive tools tailored to address the complexities of hybrid classrooms, bridging learning gaps effectively. Its active monitoring feature ensures students remain focused, whether in physical or remote settings, while advanced browser controls restrict access to inappropriate sites or guide them to assignment-relevant pages. Additionally, it facilitates seamless peer-to-peer learning by enabling presentations across all devices, ensuring compatibility across various platforms, from Chromebooks to Windows laptops. Impero Classroom is a versatile solution for classroom management needs, with scalability from single classrooms to entire school districts and flexible controls that accommodate different teaching scenarios.
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Major Key Players of the Market:
Oracle Corporation, SAP SE, Tata Consultancy Services Limited, Sage Group Plc, McGraw Hill Education, Ellucian Company L.P, Unit4 NV, Blackboard Inc., PowerSchool Group LLC, Focus Softnet Pte Ltd., Instructure Inc., Brainvire Infotech Inc., Illuminate Education Inc., Jenzabar Inc., Schoology, Skolaro, Sparkrock, Knewton Inc., ESS Limited, Classter, Campus 365, Edumarshal, Foradian Technologies Pvt. Ltd., Serosoft Solutions, OpenEduCat
School Management System Market 2024 Key Insights:
• The school management system market size is expected to see rapid growth in the next few years. It will grow to $35.09 billion in 2028 at a compound annual growth rate (CAGR) of 16.1%.
• E-Learning's Influence On School Management System Market Growth
• Technological Advancements In Classroom Management Software
• North America was the largest region in the school management system market in 2023
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