A new market study, “Global School Management System Market Size, Status and Forecast 2019-2025” has been featured on Market Research Future.
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The school management system is a part of enterprise resource planning software mainly used for educational institutions to manage all types of information management systems. It used for various applications including student registration, documentation of grades and analytical marks of each student, payroll management, accounting management, and other applications. Moreover, the student management system covers the overall information of educational institution that includes administration management system, academic management system, and financial management.
With the advancement of technology, the educational institutions are rapidly transforming and adopting the cloud-based software offers with better accessibility features portals. Notably, most of the advancements have been taken place in advanced economies such as the US, Canada, and Western and Central European countries. However, due to lack of human resources, financial constraints, limited options for customization, and lack of expertise are some of the challenges that hinder the growth of the market during the forecast period.
Source: Company Websites, Annual Reports, Primary Interviews, Industry Experts, Whitepapers, Secondary Research, Press Release, and MRFR Analysis
The Global School Management System Market was valued at USD 8.5 billion in 2018; it is expected to reach USD 25.7 Billion by 2025 with a CAGR of 17.7% during the forecast period, 2019–2025.
In September 2019, Ellucian, the leading provider of software and services to enhance higher education, partnered with Gannon University (Gannon), a Catholic university in Erie, Pennsylvania, US to provide Ellucian CRM Advance. The platform offers flexible and native integration features with the university ecosystem helps it to build alumni relationships and support its fundraising activities.
In February 2019, Canvas, a subsidiary of Instructure Inc., partnered with University College Cork to offer virtual learning environment (VLE) for the colleges that help them to enhance its connected infrastructure. Additionally, through this offering the university would emphasize and support student-centered teaching and learning experience with a transformed, responsive and research-led curriculum at its core.
The global school management system market has been segmented based on component, application, deployment mode, end user, and region.
By component, the global school management system market has been bifurcated into solutions and services. Furthermore, by service, the market has been sub-divided into professional services and managed services. The professional services segment has been categorized into consulting and implementation services and training and development services.
By deployment mode, the market has been segmented into cloud and on-premise.
Furthermore, the application has been divided into administration management systems, academic management systems, learning management systems, and financial management systems. Breaking down further, the administration management system has been further categorized into institute management, student management, staff management, library management, inventory, and transportation management system. Lastly, financial management has been further categorized into fee management, accounting management, and payroll management.
Based on end user, the global school management system market has been categorized into schools, universities, community colleges, and others.
The global school management system market has been categorized on the basis of geography into North America, Europe, Asia-Pacific, the Middle East and Africa, and South America.
North America accounted for the largest market share in 2018 and expected to dominate the global school management system market during the forecast period. The market growth can be attributed to the increasing adoption of cloud-based learning management systems and the presence of key vendors in the region that include Oracle Corporation, Ellucian Company L.P,and Jenzabar, Inc.
The Asia-Pacific is anticipated to be the fastest-growing geography in the school management system market during the assessment period. The market growth can be attributed to a surge in number of vendors offering ERP based solutions for universities, public and private schools, and management school.
MRFR identifies some of the key players of the global school management system market include Blackboard, Inc (US), Skolaro (India), Oracle Corporation (US), Ellucian Company L.P (US), Foradian Technologies (India), Hobsons (US), Jenzabar, Inc (US),PowerSchool (US), Capita SIMS (UK), Classter (Greece), Instructure, Inc (US), McGraw-Hill Education, (US), Cornerstone (US), Schoology (US), and Knewton, Inc. (US).
The vendors operating in the market primarily follow organic and inorganic growth approaches to offer enhanced and seamless cloud-based school management system solutions. The vendors also emphasized strategic collaboration and partnership with the technology partners such as Microsoft Corporation and IBM Corporation to offer enhanced learning management solution. For instance, in 2016, Blackboard, Inc acquired Fronteer, a UK-based education technology company to facilitate the institutions and instructors to develop course content more accessible for learners. Overall, the company has adopted inorganic growth approach through partnership and collaboration with companies such as Moodle, VitalSource, B Human, and IBM to enhance its product offerings.
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