The Education ERP Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Education ERP Global Market Report 2024, 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..
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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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
Product innovation is a key trend in the education ERP market. Major players operating in the market are introducing innovative products to automate the entire workflow. For instance, in Frbruary 2023, Techdost Services Pvt Ltd, a India-based software development company, launched Vedmarg, the cloud-based school management system. This Vedmarg software unique features includes 80+ modules such as admission registration, fee management with transportation, attendance, reports, mark sheets, exam timetables and admit cards, ID cards, online exams, quizzes, and transfer certificates, among others, to improve the activity workflow of schools and colleges. Vedmarg is a cloud-based school management system or software designed to make complex administrative activities in educational institutions easier. i
The education erp market report table of contents includes:
- Executive Summary
- Education ERP Market Characteristics
- Education ERP Market Trends And Strategies
- Education ERP Market – Macro Economic Scenario
- Global Education ERP Market Size and Growth
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- Global Education ERP Market Competitive Benchmarking
- Global Education ERP Market Competitive Dashboard
- Key Mergers And Acquisitions In The Education ERP Market
- Education ERP Market Future Outlook and Potential Analysis
- Appendix
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