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School Management System Market (Component - Software, Services, Support, Maintenance, and Others; Deployment Type - On-premise, and Cloud-based Technology; End-user - K-12, and Higher Education; Application - Stores and Procurement Management, Student Management, Academic Management, Finance and Accounting, and Human Resource Management): Global Industry Analysis, Trends, Size, Share and Forecasts to 2027

  • Published : January, 2022

  • Rep Id : ICT003054

  • Category : Electronics, ICT and Semiconductors

  • Status : Published

A recent report published by Infinium Global Research on the school management system market provides an in-depth analysis of segments and sub-segments in the global as well as regional school management system market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional school management system market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast, and dollar values of the global school management system market. According to the report, the global school management system market is projected to grow at a CAGR of 16.95% over the forecast period of 2021-2027.

 

Market Insight

The reported study estimated the market for School Management System to be about USD 14.25 billion in 2021 and will reach more than 36.46 billion in 2027, with a Compound Annual Growth Rate of 16.95%, over the forecast period (2021-2027). The education sector is witnessing several changes owing to the growing importance of education standards, globally, from the traditional approach of teaching to digital concepts of the smart classroom. Technology is now an inevitable part of the education system. The newly advancing technologies in the educational sector have become beneficial for the faculty and staff. Basically, the school management system includes course design, evaluation, tests, assignments, online content delivery, and assignment. Basically changing into new teaching style for many faculties across various domains. The school management systems also include administration, learning, financial, academic services. It is a branch of ERP software that is primarily used to handle all the information management systems in educational institutions. It useful for teachers and principals in various institutions in many reports in quick time. Used in the administration departments for various purpose such as transportation, pay slip creation, an online collection of fees, and many other.

 

The rising awareness regarding ERP solutions in the education sector is the major driving factor for the market growth. In institutions, ERP Solution is increasing their operational activities. The old traditional school management techniques are replaced by new ERP solutions techniques. School management system educational institution is offering a wide range of benefits. As most faculties are used to old traditional teaching are finding it difficult to adapt to the new Technological adoptions. It is a completely new way of teaching for them and few find it difficult to adapt to new software solutions and technologies in it. The trend of Online classes, assignments, and tests is rising the demand for the school management system. ERP in education institutions will lucrative growth opportunities for the market

 

Among the regions, North America accounted for the largest share in the global School Management System Market. The adoption rate to new technologies in this region is high in the educational sector.  Moreover, key market players in this region are holding their position strong. Developments and product variation is on a higher side in this region.However, the Asia Pacific region is anticipated to growth with the highest rate in the global School Management System Market over the forecast period. As they have major countries in this region which have fast growing high school population. As most of institutions are shifting to hybrid mode and they have high customer base in this region. The sets of countries in this region are at different levels of income and development.

 

global-school-management-system-market


Segment Covered

The report on the global school management system market covers segments such as component, deployment type, end-user, and application. On the basis of component, the sub-markets include software, services, support, maintenance, and others. On the basis of deployment type, the sub-markets include on-premise and cloud-based technology. On the basis of end-user, the sub-markets include k-12, and higher education. On the basis of application, the sub-markets include stores and procurement management, student management, academic management, finance and accounting, and human resource management.

 

Companies Profiled:

The report provides profiles of the companies in the market such as Unit4, Tyler Technologies, Brainvire, Sparkrock, Edumarshal, Serosoft, Focus Softnet, SAP, TCS, and Sage.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of school management system market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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