Availability of cloud-based ERP solutions and need of automated management to carry out business processes in academic institutions to magnify growth in the global Education ERP Market
Covid-19 Impact & Market Status
The report offers an exhaustive overview of the business dynamics and new investment strategies that are being adopted by business leaders across countries and regions to overcome the acute challenges and financial instabilities that have emerged in the post pandemic times.
The report highlights some of the best industry strategies and practices that are adopted by the players across local and global markets. Ever since the Covid-19 broke out in 2019, it has spread aggressively, resulting in rapid declaration by the WHO affirming Covid-19 as a global pandemic and an emergency.
The impact of the pandemic is widespread and the aftermath is well pronounced, gravely affecting the global education ERP market. The sudden pandemic and its implications have posed significant challenges such as travel bans, quarantines, and lockdowns.
These developments are hampering operations resulting in supply chain breaches, stock market inefficiencies, and vendor chaos. These are constantly interfering with the normal functioning of industries.
Ever since the outbreak of the global crisis, impact on upstream, downstream, and midstream industries have been appalling. The report delivers a quick ready-to-deploy approach to counter such crisis and steer the global education ERP market towards steady growth and systematic progression.
Amidst the pandemic, aligning with new dynamics, global Education ERP market has been witnessing new dynamics which are further necessitating new business models and approaches to recoup growth and revenue streams.
In this report, inquisitive business players would be provided with sufficient guidelines regarding business transformation, integral to sustain stiffening competition in the pandemic and beyond pandemic era global education ERP market.
Service Segment to Sustain the Highest Revenues
Service segment accounts for largest market share during the forecast period. The services segment is growing due to the increase in the adoption of technological solutions and modules in educational institutions. Hence, service providers are focused on providing dedicated services by understanding the need of educational institutions. The services offer end-to-end functionalities enabling the institutions to implement and manage the ERP system on a timely basis.
Higher Education Segnment to be the Most Lucrative
Higher education segment is expected to hold a larger market share during the forecast period. The nature of teaching and learning is changing in the higher education sector. Technology-enabled learning has become more prevalent. The expectations of students from colleges and universities are also evolving. They emphasize easy availability of information, such as online lectures, timetables, and schedules, and faster access to institutional services. Hence, higher education institutions are leveraging technological advancements by adopting ERP software to enhance student engagement and increase student success
Student Management industry to Generate More Revenue
Student Management is expected to hold a larger market share during the forecast period. The education ERP software helps in managing all aspects of student management such as admission procedures, attendance management, maintenance of student records, and tracking student performance and progress, thereby increasing the productivity of educational institutions. Educational institutions are emphasizing increasing enrollments and improving student success rates. Moreover, the education ERP software helps academic institutions to manage their student lifecycle, such as student billing, registration, and enrolments, effectively.
APAC to Sweep the Largest Revenue Streams
APAC is expected to grow at the highest CAGR during the forecast period. APAC is one of the fastest-developing regions in the world and has the largest student population, making the region highly profitable for the education ERP market. The region is expected to be the fastest-growing market in the global education ERP software market due to the expansion of the customer base for the education ERP software users and the emerging trend of education ERP hybrid development. Educational institutions in APAC are focusing on the implementation of digital solutions and the encouragement of the use of ERPs to seamlessly integrate key processes of an education institute, which include academic, financial, administrative and infrastructure, and communication. The rising significance of video-based learning in various economies, such as India, China, and Japan, will also contribute to drive the market in the region.
Enhanced performance of administrative modules, thereby increasing the need for managing academic processes and rising enrollments in the higher education sector to offer new opportunities in the global Education ERP market
The ERP system helps in monitoring business resources, such as cash, raw materials, manufacturing capacity, and track position of purchase demands and payroll. The rising demand for administrative applications accompanied by the increasing acceptance of automated system has made the transmission of information exceptionally flexible and sophisticated for end users. These systems enable the integration of numerous functions of an organization in real time to sustain and manage databases efficiently. In educational institutions, these systems are used to govern the admission status & manage the employee payroll.
Despite a minor growth dip owing to Covid-19 implications, the global Education ERP market is expected to recoup growth and register over USD 25.2 billion by 2028 ticking at a CAGR of 14.7%.
Further, the rising number of educational institutions owing to the surging educational awareness may have positive impacts on the industry growth over the forecast period.
In present times, the education industry is predicted to outsource the complex management process to third party vendors owing to the rising focus on their core competencies by offering high-quality education; this is likely to offer potential growth avenues over the next eight years. Furthermore, these systems are user-friendly and effectively manages the student information system, admission & enrollment system, payroll, placement management, accounting, transport management, etc.
Forward-looking players in the global education ERP market are furthering investments towards developing advanced Education ERP. the need for critical data security among institutions will further contribute towards the education ERP management market growth from 2016 to 2024.
Increasing necessity for automated management in academic is catalyzing the market growth. Moreover, benefit of enhanced performance of administrative modules due to automation is drafting a favorable landscape for the eLearning platforms and technology, in turn, is boosting the demand for enterprise resource planning software (ERP) in the education sector.
Growing demand for video-based learning methods in order to improve the education system, improved performance of the administrative department, and growing need for enhanced connectivity among various investors have been driving the global education ERP market. Furthermore, the increasing trend of adoption of education ERP solutions in the academic sector with high connectivity offerings is fueling the growth of the market.
The major players of the global Education ERP market are Anubavam, Blackbaud, Brainvire, Edumarshal, Ellucian, Entab, Focus Softnet, Foradian, Infor, and Jenzabar.
The education ERP market is a rapidly progressing industry and is characterized to have industrial frontliners as well as aspiring new players aiming to penetrate into the aggressive competitive landscape across global and local markets. Additionally, various new and aspiring players are improving their product lines and upgrading technological capabilities to improve revenue streams amidst Covid-19 impact.
Latest Innovations in the Global Education ERP Market: a Snapshot
- In 2021, the University of Pittsburgh has implemented Oracle Fusion Cloud Human Capital Management to give faculty, staff, and students a more reliable employee experience. With Oracle Cloud HCM, the institution moved its paper-based rules online to help enhance access to HR information, establish employee connections across the university and build a more sustainable workplace.
- In 2021, Ellucian has launched Ellucian Experience, a cloud-based user experience platform. Ellucian Experience simplifies everyday tasks and access to essential information through a single application framework and personalized dashboard, linking people, processes and applications.
- In May 2019, SAP partnered with Apple to provide cloud-based solutions and mobile services to build applications that students and faculty members of King Abdullah University of Science and Technology (KAUST) could use on their smart devices. The application helps mobilize various activities, ranging from checking offered courses, building their schedule for the semester, checking transcripts, and receiving alerts and push notifications
Education ERP Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||USD 25.2 billion|
|Growth Rate||CAGR of 14.7% during 2021-2028|
|Segment Covered||Component, Deployment, End-User, Application, Regions|
|Regions Covered||North America, Europe, Asia Pacific, RoW|
|Key Players Profiled||Anubavam, Blackbaud, Brainvire, Edumarshal, Ellucian, Entab, Focus Softnet, Foradian, Infor, and Jenzabar.|
Key Segments of the Global Education ERP Market
Component Overview, 2018-2028 (USD Billion)
Deployment Type Overview, 2018-2028 (USD Billion)
End-User Overview, 2018-2028 (USD Billion)
- Higher Education
Application Overview, 2018-2028 (USD Billion)
- Student Management
- Academic Management
- Healthcare & Lifescience
- Finance and Accounting Management
- Stores and Procurement Management
- Other Applications
Regional Overview, 2018-2028 (USD Billion)
- Rest of Europe
- South Korea
- Rest of APAC
Rest of World