PUNE, India, October 26, 2015 /PRNewswire/ --
According to a new market research report "Education ERP Market by Software Solutions (SIS, HR/Payroll, Financial Management, Placement Management, Transport Management, Enrolment and Admissions, Others), Services, Deployment, User Type & Region - Global Forecast to 2020", published by MarketsandMarkets, Education ERP Market to grow from USD 6.40 Billion in 2015 to USD 14.22 Billion in 2020, at a CAGR of 17.3% during the forecast period.
Browse 71 market data Tables and 74 Figures spread through 179 Pages and in-depth TOC on "Education ERP Market"
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The market report defines and segments the global educational administrative software market into various subsegments with an in-depth analysis and forecasting of market sizes. The report also identifies the factors driving this market, various restraints, and opportunities impacting it along with the adoption trends.
A school and college management software allows an institution to efficiently manage the business process across various departments, thereby, improving the communication and collaboration across departments and divisions. With education ERP systems, administrative modules are managed by software that allows administrators and supervisors to easily access reports and student information.
As technology continues to advance, it brings with it modern prospects and challenges for educators and learners. The biggest challenges for institutions are the difficulties in integrating the ERP systems with the internal systems and the restricted customization options available in the ERP module.
Consolidated management of the student information saves the budget and time required to manage administrative activities. Information depository of education ERP, which is accessible to the students, faculty, and parents, sometimes creates connectivity complications, problems in sustaining & streamlining software, and technological issues. Some vendors may also find it challenging to direct through the education ERP program due to unclear instructions and lack of knowledge about the usage of these systems.
The Education ERP Market caters to users from the academic world. The market consists of various large and niche players who provide proficient software solutions such as SIS, HR/payroll, financial management, placement management, transport management and enrolment and admissions.
Some of the major vendors in the Education ERP Market are Blackbaud, NetSuite, SAP, Oracle, UNIT4, Epicor, and Infor. The major forces driving this market are the demand for automated management of business processes in academic institutions and the need for better functionality of administrative modules. However, it is anticipated that the major vendors would face tough competition from the local vendors from diverse regions, especially in the field of school management software solutions. The educational institutions, colleges, and universities are strategically deploying applications to promote efficient automation and integration of business processes.
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MarketsandMarkets broadly segments the global Education ERP Market by solution: SIS, HR/payroll, financial management, placement management, transport management, and others; by service: implementation, consulting, and training and support; by deployment type: cloud and on-premise; by user type: kindergarten, K-12, and higher education; by region: North America, Asia-Pacific (APAC), Europe, Middle East and Africa (MEA), and Latin America.
MarketsandMarkets forecasts the global Education ERP Market to grow from USD 6.40 Billion in 2015 to USD 14.22 Billion in 2020, at a CAGR of 17.3% during the forecast period. In terms of regions, North America and Europe are expected to be the largest markets in terms of market size, while APAC and MEA are expected to experience an increase in market traction, during the forecast period.
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