Education ERP is an integrated web-based Software used by various educational institutions, such as schools, colleges, and universities to manage teachers, students, parents, support staff, and management. It facilitates the automation of all essential procedures of an institute and forms the backbone of a comprehensive Management Information System (MIS).
According to a market report published by Bizwit Research & Consulting, LLP, the Global Education ERP market is valued at approximately USD 11186.4 Million in 2020 and is anticipated to grow with a healthy growth rate of nearly 14.59% over the forecast period 2021-2027.
The key factors driving the demand for the global education ERP market during the forecasted period are the Implementation of cloud-based solutions, Increasing demand for automated management in educational institutes, and rising enrolments in the education sector. However, I High cost involved in the implementation of ERP solutions is likely to impede the market growth. Whereas, High growth potential in emerging economies and innovation in education ERP solutions would create a lucrative growth opportunity for the global education ERP market for the forecasted period.
As the digitalization trend encourages people to adopt new technologies, the education sector is also transforming and implementing new education ERP solutions. Cloud-based education ERP has gained popularity. The work-from-home culture using online learning systems. For course materials and timetables, as well as virtual classes, the technology-enabled connectivity between students and professors. The incorporation of cloud-based solutions in online education also allows students to access the data stored in the cloud from any device and at any time. Recent advances in information technology have provided educational institutions with new and innovative tools to manage their operations. Various market players are taking initiatives for innovation in cloud-based solutions. For intense, In October 2021, LINQ announced that its ERP solutions are officially moving to the cloud by January 2022, which is expected to increase operational efficiencies as well as flexibility for school administrators and staff. Similarly, SAP teamed up with Apple in May 2019 to deliver cloud-based solutions and mobile services for students and faculty at King Abdullah University of Science and Technology (KAUST) to utilize on their mobile devices. The app facilitates a variety of tasks, including checking available courses, creating a semester schedule, reviewing transcripts, and receiving alerts and push notifications.
Global Education ERP Market Size study, by component (software, services) by deployment (Cloud, on-premise), by application (Student management, Academic management, Human resource management, finance, and accounting management, Store and procurement management, Other applications) and Regional Forecasts 2021-2027
The total market revenue is calculated on the basis of revenue generated through the sales of education ERP software. Major companies covered under the report include SAP, Oracle, Blackbaud, Ellucian, Unit 4, Microsoft, Infor, Foradian, Jenzabar, TCS, other popular regional players across various countries are also considered for revenue calculation.
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