According to a new report, published by KBV research, 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.
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 software can be used at any time and from any location. It is possible to keep track of everything because it is so easily accessible. It also makes it easier to provide real-time information to all parties. They only need the online classes ERP portal's credentials.
The Academic Management segment is showcasing a CAGR of 14.5% during (2022 - 2028). Academic management is responsible for all academic and administrative matters relating to professors and students, as well as supporting teaching activities throughout the School. It aids in the upkeep of decorum in educational institutions' facilities. It also ensures that the administration work is carried out more efficiently.
The On-premise segment dominated the Global Education ERP Market by Deployment Model in 2021, thereby, achieving a Market value of $17.7 billion by 2028. Education organizations are embracing on-premise EPR systems because they are believed to be more trustworthy and secure. On-premise ERP relates to a company's intent to buy and maintain ERP software in-house rather than obtaining it over the Internet or using supplier, hosted ERP solutions.
The K-12 segment has shown growth rate of 15.8% during (2022 - 2028). Computers are widely available in elementary and secondary schools. There is a greater demand for computers in science classes. For example, in 2009, 97 percent of K–12 public school instructors indicated they had one or more computers in their classrooms, and 69 percent claimed they or their pupils utilized computers frequently or occasionally during class time. Education ERP in K-12 schools helps the parents keep track of their children’s grades and attendance records.
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; thereby, achieving a Market value of $10.9 billion by 2028. The Europe Market is estimated to witness a CAGR of 14% during (2022 - 2028). Additionally, The Asia Pacific Market would exhibit a CAGR of 15% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/education-erp-market/
The Market research report has exhaustive quantitative insights providing a clear picture of the Market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the Market have been discussed in the report with the elaborated company profiles of 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
Companies Profiled
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