Education ERP Market is expected to grow at a CAGR of around 15% from 2021-2027.
A comprehensive overview of the Education ERP market is recently added by UnivDatos Market Insights to its humongous database. The Education ERP report has been aggregated by collecting informative data of various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the Education ERP market. The Education ERP report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing market growth. Furthermore, this statistical market research repository examines and estimates Education ERP at the global and regional levels. The Education ERP Market is expected to grow at a CAGR of around 15% from 2021-2027.
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Market Overview
The global education ERP market is uplifting on account of the growing need for automated processes in the education sector, emerging enrollments in the online education providers, and the availability of cloud-based ERP solutions. as it enables them to optimize processes and analyze capabilities for reduced cost, improved speed, and efficiency
Moreover, rising spending on technology is also adding pace to the growth of the market. As per Gartner, Worldwide IT spending is projected to total US$4.2 trillion in 2021, an increase of 8.6% from 2020. Moreover, the spending is projected to total US$4.5 trillion in 2022, an increase of 5.5% from 2021. Furthermore, the Universities in the United States spend US$16bn each year on technology. Also, a rise in investment in EdTech companies is acting as a growth catalyst to the growth of the market. according to HolonIQ, an education market research firm, ed-tech companies raised more than $16 billion globally in 2020, with China and India accounting for over three-quarters of that total
COVID-19 Impact
The COVID-19 pandemic boosted the growth of the Education ERP market. The shut down of schools, lockdown across countries generated the demand for e-learning for the students. More than 1.2 billion children across 186 countries were affected due to this closure. With this sudden shift away from the classroom in many parts of the globe, some are wondering whether the adoption of online learning will continue to persist post-pandemic, and how such a shift would impact the worldwide education ERP market.
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The Education ERP Market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
By End-User, the market is primarily bifurcated into
• K-12
• Higher Education
The higher education segment gathered a major market share of Education ERP in 2020 and grabbed XX% market share. Institutions of higher education need to be more engaging, responsive, and insightful than ever before. Institutions also need to provide automated, targeted, and personalized communications and outreach efforts to deliver the right message to the right audience at the right time via the right channel. therefore, demanding education ERP.
By Application, the market is primarily bifurcated into
• Student Management
• Academic Management
• Human Resource Management
• Finance and Accounting Management
• Stores and Procurement Management
• Others
The student management segment grabbed a major market in 2020 and dominated the market. The key advantages such as boosts the productivity of the institute leads to student-teacher collaboration beyond the classroom, Saves Natural Resources, software can be accessed from anywhere and at any time. increasing the students’ enrollment etc. is leading to the growth of the market.
Education ERP Market Geographical Segmentation Includes:
· North America
· Europe
· Asia-Pacific
· Rest of the World
Based on the estimation, the North America region grabbed a major market share in 2020. The benefits of education ERP includes analyzing the performance of a class as a whole and school, tracing student attendance, effectively managing various resources, smartly managing timetable, managing hostel accommodation allotment, communicating with students, staff, or parents with ease, cost-effective, better organization of data, more automated administration, a quicker management process, data security, etc., are leading to the growth of the education ERP in North America.
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The major players targeting the market includes
• Microsoft
• Oracle
• SAP
• Anubavam
• Blackbaud
• Brainvire
• Edumarshal
• Ellucian
• Entab
• Focus Softnet
The degree of competition among prominent regional companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Education ERP market. The leading players have been analyzed by using research methodologies for getting insight views on global competition.
Key questions resolved through this analytical market research report include:
· What are the latest trends, new patterns, and technological advancements in the Education ERP Market?
· Which factors are influencing the Education ERP market over the forecast period?
· What are the global challenges, threats, and risks in the Education ERP Market?
· Which factors are propelling and restraining the Education ERP Market?
· What are the demanding global regions of the Education ERP Market?
· What will be the global market size in the upcoming years?
· What are the crucial market acquisition strategies and policies applied by global companies?
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