The Global Education ERP Market size is expected to reach $32.3 billion by 2028, rising at a Market growth of 14.2% CAGR during the forecast period.
Enterprise resource planning (ERP) is a process management software that allows enterprises to combine business management with a variety of automated operations. The education ERP aids in the automation of admissions, the reduction of back-office processes and time spent on the admissions process. Education ERP's main advantages include increased efficiency, cost-effectiveness, and data security.
It automates the fee collecting process by automatically categorizing the money collected and keeping track records of all cost structure aspects, such as amounts paid for entry, tuition, books, labs, and so on, to keep students completely informed and up to date about their fee status. Additionally, the technology solution aids in the generation of automated notifications ensure that kids or their parents are notified on time, utilizing the most appropriate forms of communication.
Installing an ERP system for an educational institution is cost-effective. The feature-rich application assists in minimizing manual activities associated with critical methods of school administration, such as payroll, admission, fee collections, and others, in order to reduce the number of man-hours and save money. The money spent might be put towards important educational aims.
There are numerous ERP modules for educational institutions depending on their distinct demands, it provides personalized portals so that all stakeholders may access the notifications, information, and updates that are important to them. Students can use these portals to check uploaded assignments, upload completed work, see class schedules or timetables, test timetables, pay fees or bills for other activities, fill out forms or submit requested details, and anything else that is needed.
The outbreak of COVID-19 has had a negative impact on several industries in the last five months. Students, professors, and staff have been affected by the closing of educational institutions, which has had societal and economic ramifications. Higher education and its students will be the hardest hit by these events, given their key career decisions are based on what they learn in higher education classes. Automated institute management systems, such as student information systems and learning management systems, will be required tools for institutions to prepare for any circumstances in the coming years.
ERP technologies have increased the operational effectiveness of numerous academic institutions, giving them a competitive advantage. Traditional data management approaches and processes are being replaced by cloud-based ERP solutions. The scalability, privacy, and control of data are all improved with a cloud-based ERP solution. It also provides administrators with real-time access, it allows them to make quick and well-informed decisions. Academic institutions face problems from rising operational complexity and quick changes in business strategies. As a result, ERP solutions were adopted in a variety of academic institutions, reducing the stress on administrators by allowing them to effectively synchronize and manage numerous business activities.
Automation features in the education ERP package also minimize the amount of human labor required for routine operations, such as pulling data from many systems utilized by different departments. All school departments, such as administrative, infrastructure, finance, academics, and communication, are connected through ERP software. It secures information exchange between departments and ensures that all data is collected in a centralized computer that can be accessed at any time. Certain organizations are also required to provide detailed reports to regulating authorities, which are generally done manually and take time.
Most educational establishments and faculties across the world have obstacles in implementing ERP approaches in their educational systems. The public in various developing nations is still unaware of the benefits of using education ERP solutions. Several academic institutions are still unaware of how education ERP systems can help them handle data safely and with maximum flexibility, limiting the Market 's growth. Furthermore, the expensive cost of implementing ERP solutions is a key stumbling block to Market expansion. Some school systems are aware of ERP technology, but due to the high cost of ERP, they are finding it difficult to apply these solutions.
Based on Component, the Market is segmented into Software and Services. The service segment witnessed a significant revenue share in the education ERP Market in 2021. The increased utilization of technology solutions and components in educational institutions causes the services segment to grow. As a result, service providers are focusing on offering tailored services to educational institutions by knowing their needs. The services provide end-to-end functionality, allowing institutions to quickly build and administer the ERP system.
Based on Application, the Market is segmented into Student Management, Academic Management, Human Resource Management, Finance & Accounting Management, and Stores, Procurement Management & Others. The student management segment acquired the highest revenue share in the Education ERP Market in 2021. The education ERP software aids in the handling of all elements of student management, including admission process, attendance records, student record maintenance, and monitoring student performance and development, allowing educational institutions to increase their productivity. Increasing enrollments and raising student success rates are top priorities for educational institutions. Furthermore, education ERP software aids academic institutions in properly managing their student lifecycle, including student invoicing, registration, and enrolments. Educational institutions are increasingly using education ERP software to optimize student information management and ensure accurate information retrieval across departments.
Based on Deployment Model, the Market is segmented into On-premise and Cloud. The cloud segment witnessed a substantial growth in the Education ERP Market in 2021. The growth of the cloud industry could be attributed to a variety of advantages afforded by this deployment, such as ease of integration, inexpensive implementation, and no need for upfront software investment. Using a cloud-based school ERP allows students and teachers to collaborate outside of the classroom. The contact between the personnel and the kids will improve as a result of this. The engagement takes place through an online application, in which the teacher is ready to answer questions from the students. It also creates a friendly atmosphere in the classroom.
Based on End User, the Market is segmented into Higher Education and K-12. The higher education segment acquired the largest revenue share in the education ERP Market in 2021. In higher education, the paradigm of learning and teaching is changing. Learning aided by technology is becoming more common. Students' expectations of universities and colleges are evolving as well. They emphasize information accessibility, such as video courses, schedules, and timetables, as well as higher access to institutional services. As a result, institutions of higher learning are taking advantage of technological improvements by implementing ERP software to improve student engagement and achievement. Higher education institutions are also implementing digitalized administration systems, which will pave the path for ERP software installation.
| Report Attribute | Details |
|---|---|
| Market size value in 2021 | USD 13.1 Billion |
| Market size forecast in 2028 | USD 32.3 Billion |
| Base Year | 2021 |
| Historical Period | 2018 to 2020 |
| Forecast Period | 2022 to 2028 |
| Revenue Growth Rate | CAGR of 14.2% from 2022 to 2028 |
| Number of Pages | 255 |
| Number of Tables | 434 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Competitive Landscape, Companies Strategic Developments, Company Profiling |
| Segments covered | Component, Deployment Model, Application, End User, Region |
| Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
| Growth Drivers |
|
| Restraints |
|
Based on Regions, the Market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. The North American region garnered the highest revenue share in the education ERP Market in 2021. The demand for digital learning in Canada has increased significantly over the last decade. Canadian institutions of higher education are currently offering online and hybrid courses. A similar phenomenon can be seen in the United States, where online enrolments have been steadily expanding for over a decade. As the education sector in both these countries is developed, the implementation of ERP in K-12 as well as colleges is widespread.
Free Valuable Insights: Global Education ERP Market Size to reach USD 32.3 Billion by 2028
The major strategies followed by the Market participants are Partnerships. Based on the Analysis presented in the Cardinal matrix; Microsoft Corporation are the forerunners in the Education ERP Market . Companies such as Oracle Corporation, SAP SE, Ellucian Company L.P. are some of the key innovators in the Market .
The Market research report covers the analysis of key stake holders of the Market . Key companies profiled in the report include Microsoft Corporation, Oracle Corporation, SAP SE, Workday, Inc., Infor, Inc. (Koch Industries), Brainvire Infotech, Inc., Serosoft Solutions Pvt. Ltd. (The Hindustan Group), Unit4 N.V. (Advent International), Ellucian Company L.P., and Jenzabar Inc.
By Component
By Application
By Deployment Model
By End User
By Geography
The global education ERP market size is expected to reach $32.3 billion by 2028.
Presence of cloud based ERP solutions are increasing are driving the market in coming years, however, lack of awareness about Education ERP and its high costs growth of the market.
Microsoft Corporation, Oracle Corporation, SAP SE, Workday, Inc., Infor, Inc. (Koch Industries), Brainvire Infotech, Inc., Serosoft Solutions Pvt. Ltd. (The Hindustan Group), Unit4 N.V. (Advent International), Ellucian Company L.P., and Jenzabar Inc.
The expected CAGR of the education ERP market is 14.2% from 2022 to 2028.
The Software segment acquired maximum revenue share in the Global Education ERP Market by Component in 2021, thereby, achieving a Market value of $21,598 million by 2028.
The North America is the fastest growing region in the Global Education ERP Market by Region in 2021, and would continue to be a dominant Market till 2028.
Unique Offerings Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
