School Management System Market Technologies, Competitive Landscape, Future Plan
Posted by Ehtesham Peerzade on March 16th, 2021
According to MRFR analysis, the Global School Management System Market was valued USD 8.5 billion in 2018 and is expected to reach USD 25.7 Billion by 2025 with a CAGR of 17.7% during 2019–2025. Factors driving the growth of the market include rising government initiatives in the education sector, rise in adoption of cloud-based ERP solutions, and an increase in need for video-based applications by academic institutions. On the other hand, limited availability for the customization and financial constraints are hindering the growth of the school management system market during the forecast period.
Lockdowns have been imposed all over the world to curb the spread of the COVID-19 outbreak, with the pandemic negatively impacting the worldwide school education. SARS-CoV-2, given its unprecedented spread across countries has deeply influenced the education sector. However, the hardest hit has been the countries with high drop-out rates, low resilience to unexpected events and lower learning outcomes. With this, the need for academic management system, financial management and administration management system across schools has risen considerably to manage all the information.
On the bright side, post the onset of the novel coronavirus, governments have come up with online and digital education modes and have also given subsidy to private schools, and more. A number of schools are making extensive use of tools such as Microsoft Teams to conduct online classes. In the given scenario, the deployment of school management systems has increased, as they help make the communication between parents and teachers easier and smoother. With these systems, teachers are able to keep the parents updated regarding the content being covered in online lectures. Educators are able to their provide access to e-notes, quizzes, games, video-based micro-courses and e-books. With the increasing prevalence of online education, it is anticipated that the school management system market can note continuous growth even when the pandemic crisis gets over.
Key Drivers and Main Restraints
With technology-based developments, educational institutions are increasingly using cloud-based services and software that provide advanced accessibility features. Notably, the majority of the mentioned developments have occurred in developed countries like Canada, the US, along with the Central and Western European economies. Therefore, the increasing consumption cloud services can be a significant trend that could enhance the growth of the school management system market in the years to come.
Furthermore, the online school management software market is gaining high prominence, given the shift from traditional ways of teaching to the digital aspects of smart class rooms. The online mode of school management is transforming the education sector, with the surge in the deployment of services and solutions that help manage the workflow and databases.
In June 2020, Rediker Software launched its latest online admissions and enrollment management system called AdmissionsPlus. This system helps streamline all the centralized enrollment requirements, offers a web-based application along with a simplified admissions process for private, independent charter and public schools. The increasing popularity of online portals and cloud-based services has been leveraged by the leading market players who are increasingly launching advanced software and services to cater to the evolving customer needs and demands. These types of product innovations and launches not only boost the company’s profits but also benefit the school management system market to a large extent.
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The global school management system market has been segmented based on component, deployment model, application, end-user, and region.
By component, the global school management system market has been bifurcated into solutions and services. Furthermore, based on services, the school management system market has been subdivided into professional services and managed services. The professional services segment has been categorized into consulting and implementation services and training and development services. The solution segment accounted for the larger market share in 2018. The market growth is attributed to increasing adoption of cloud-based ERP solutions in educational institutions. On the other hand, the services segment is anticipated to exhibit a higher CAGR during the forecast period.
By deployment model, the market has been segmented into cloud and on-premise. The cloud segment is presumed to be the higher growth rate in the market owing to the availability of seamless cloud-based solutions that can be easily integrated with various applications such as administrative management and financial management segments. However, the on-premise segment is being still preferred over the cloud solution owing to security concerns.
Based on application, the market has been segmented into an administration management system, academic management system, learning management systems, and financial management systems. Furthermore, the administration management system has been categorized into institute management, student management, staff management, library management, inventory, and transportation management system. Also, the financial management segment has been further categorized into fee management, accounting management, and payroll management. The administration segment accounted for the largest share in 2018 owing to the increasing need for automated business procedures in academic institutions. Whereas, the learning management system segment is expected to exhibit the highest CAGR during the assessment period.
Based on end-user, the global school management system market has been categorized into schools, universities, community colleges, and others. The university segment accounted for the largest market share in 2018 owing to the rising adoption of automated student information system. However, the schools' segment is presumed to register the highest CAGR during the forecast period.
The global school management system market has been categorized on the basis of geography into North America, Europe, Asia-Pacific, the Middle East and Africa, and South America.
MRFR confirms that in 2018, North America stood at the top position and can continue to reign over the global market throughout the evaluation period. The chief growth boosters include the rising adoption of cloud learning management systems and services along with the presence of a massive number of leading vendors like Ellucian Company L.P, Jenzabar Inc. and Oracle Corporation. It is believed that the increasing uptake of predictive analytics in the education industry is also inducing major industry growth in Canada and the United States.
The fastest expansion rate can be procured by the APAC market, given the expanding pool of vendors that offer school management system and ERP based solutions to public as well as private schools along with management schools. Additionally, the rising use of advanced technologies in the education field and the increasing backing from the government that has boosted free education also stimulate business expansion in the region.
MRFR has listed the leading vendors in the school management system industry, namely Foradian Technologies (India), Oracle Corporation (US), PowerSchool (US), Hobsons (US), Blackboard, Inc (US), Skolaro (India), Capita SIMS (UK), Schoology (US), Jenzabar, Inc (US), Cornerstone (US), Ellucian Company L.P (US), Instructure, Inc (US), Classter (Greece), Knewton, Inc. (US), McGraw-Hill Education (US), and more.
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About the AuthorEhtesham Peerzade
Joined: May 22nd, 2019
Articles Posted: 355
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