The education ERP market is estimated to grow from USD 6.77 billion in 2016 to USD 14.19 billion by 2021, at a CAGR of 15.9% between 2016 and 2021.
Companies are making efforts to increase their revenues and reduce expenses as the global market competition continues to shrink profit margins. Organizations of all sizes are focusing increasingly on analyzing their sales and market saturation in specific territories as well as identifying gaps. Hence, the increased demand to manage various academic processes is fueling the growth of the education ERP market. However, easy availability of various administrative systems is restraining the growth of the education ERP market.
The Asia-Pacific education ERP market is projected to grow at the highest CAGR during the forecast period, 2016 to 2021. The growth of the Asia-Pacific education ERP market can mainly be attributed to increased adoption of education ERP modules across various educational institutions. Rapid adoption of education ERP solutions by various educational institutions of the Asia-Pacific region has made this region a lucrative market for vendors of education ERP solutions.
However, the growth of the Asia-Pacific education ERP market is fragmented and several local players have made their contributions to the market, thereby making ecosystem of the Asia-Pacific education ERP market competitive. The Asia-Pacific education ERP market is expected to witness exponential growth and is projected to grow at the highest CAGR during the forecast period due to increased demand for video-based learning across countries, such as China, Japan, Australia, and India.