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School Management System Market: Major Trends Reshaping the Future of the Industry
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Will the School Management System Industry Market Size Be by 2025?
The market size of the school management system has seen substantial growth over the last few years. It's projected to increase from $19.31 billion in 2024 to reach $22.47 billion in 2025, with a compound annual growth rate (CAGR) of 16.4%. This notable advancement during the historical period can be linked to an elevated concentration on data analytics and insights to facilitate informed decision-making in education, efficient management of transport attendance, real-time monitoring of school buses by parents, carrier contracts administration, augmented demand for student protection, and proficient transportation.
What's the Long-Term Growth Forecast for the School Management System Market Size Through 2029?
We anticipate a swift expansion in the school management system market over the coming years, with a projected value of $40.66 billion in 2029, reflecting a compound annual growth rate (CAGR) of 16.0%. This growth during the forecast period is likely driven by a shift towards e-learning, increasing emphasis on enhancing educational quality, escalating government initiatives, and investment in research and development, as well as the widespread use of smart mobile devices and increasing digitization in the educational sector. Key trends for the forecast period include the adoption of e-learning platforms, technological progression, the use of virtual solutions, a rise in financial investment by schools, and investment in cloud-based school management systems.
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What Are the Key Growth Drivers Fueling the School Management System Market Expansion?
The projected growth of the school management system market is expected to be fueled by the rising preference for e-learning. This learning style, facilitated by digital media and electronic technologies, allows for the acquisition of knowledge and skills. A school management system supports this by offering crucial tools and features for student engagement, course management, assessment, communication, and reporting. The ability to offer a high-grade education to students, irrespective of geographical boundaries or logistical challenges, is made easier with a school management system. This shift to e-learning is prevalent in a report from Eurostat, a Luxembourg-based government agency, published in January 2024. It states that in 2023, 30% of EU internet users between 16 and 74 years old reported using online courses or e-lessons in the past three months. This percentage is a 2-point increase from 2022's figure of 28%. Therefore, the rising preference for e-learning is contributing to the growth of the school management system market.
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What Are the Key Trends Driving School Management System Market Growth?
Key players in the school management software market are harnessing technology to create innovative products like classroom management software, aiming to enhance the educational experience in both physical and online classrooms. This digital software aids teachers in overseeing and tracking student interactions and engagement, primarily in digitally-equipped or technology-enhanced classrooms. For example, Impero Software, an education software firm based in the UK, unveiled the Impero Classroom in April 2022. The software arms educators with a suite of tools specifically designed to navigate the complexities of mixed learning environments and bridge educational gaps effectively. An active monitoring component ensures student concentration, be it in physical classrooms or remote settings, whereas refined browser controls limit access to unsuitable content or guide users to pages relevant to their assignments. Moreover, it supports collaborative learning by allowing presentations across all devices, guaranteeing compatibility from Chromebooks to Windows laptops. Impero Classroom is an adaptable tool catering to classroom administration needs, scalable to cater from individual classrooms up to whole school districts, and offers flexible controls to suit diverse teaching situations.
How Is the School Management System Market Segmented?
The school management system market covered in this report is segmented -
1) By Component: Solutions, Services
2) By Deployment: Cloud, On-Premise
3) By Application: Administration Management Systems, Academic Management Systems, Learning Management Systems, Financial Management Systems
4) By End-User: Schools, Universities, Community Colleges, Other End-Users
Subsegments:
1) By Solutions: Student Information Systems (SIS), Learning Management Systems (LMS), School Administration Software, Examination Management Solutions, Timetable And Scheduling Software
2) By Services: Consulting Services, System Integration Services, Training And Support Services, Cloud Hosting Services
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Which Companies Are Leading the Charge in School Management System Market Innovation?
Major companies operating in the school management system market are 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
Which Regions Are Leading the Global School Management System Market in Revenue?
North America was the largest region in the school management system market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the school management system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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