Education ERP Market to Grow 3X by 2028 as Education Sector Undergoes Paradigm Technology Shift


Education ERP Market to Grow 3X by 2028 as Education Sector Undergoes Paradigm Technology Shift

According to a report, the education Enterprise Resource Planning (ERP) market was valued at US$ 7.8 billion by the end of 2018, and is expected to grow nearly 3X larger by revenues, by the end of the forecast period.

The report attributes the growth in the education ERP market to the rising adoption of smart and innovative education platforms and solutions, such as education ERP and E-learning solutions. 

In today’s rapidly changing electronics market, education institutions are using education ERP solutions for planning, controlling, and delivering data effectively. The usage of education ERP software solutions is essential for reducing the risks and protection from data-related problems. The increasing complexity and functionality of traditional management technology have created potential opportunities for the growth of the education ERP market. 

Internet-based Systems Transforming the Education Sector Trigger the Market Growth

Education ERP is an Internet-based ERP software solution, which is used to manage student information system, school management system, training management, and many more. Education ERP helps teachers, staff, students, and parents to efficiently utilize the data by automating processes in a structured and organized manner. Several companies are providing education ERP software solutions for higher education, especially for colleges and universities. 

However, there are some challenges that are faced by the manufacturers of education ERP solutions. Consumers in several regions, such as South Asia, Latin America, and MEA, are price-sensitive and more focused on the latest features and technologies. Nevertheless, high import taxes on consumer electronic devices, such as eBook readers, smartphones, tablets, notebooks, etc., are deterring consumers from buying consumer electronic products. This is the primary factor that is expected to adversely affect the growth of the education ERP market over the forecast period.

Demand for SaaS-based Education ERP Remains Highest in Primary and Secondary Education

Study has segmented the education ERP market by component, user type, deployment type, and region. By user type, the education ERP market is segmented into kindergarten, primary & secondary, and higher education. The primary and secondary education institutes are projected to hold a prominent share of the education ERP market over the forecast period. This segment is expected to enable the education ERP market to register the highest growth rate during the forecast period due to the increasing number of educational institutions and the demand for SaaS-based education ERP solutions. 

By component, the education ERP market is segmented into Student Information Systems (SIS), Learning Management Systems (LMS), Student Assessment Systems (SAS), Library Management Systems, Classroom Management, Fee Management Systems, Hostel Management Systems, and Others. In the Education ERP market, the fee management systems sub segment is playing a crucial role by providing multiple services to educational institutions globally. 

Increasing Adoption of Tech-based E-Learning Tools: An Emerging Trend in the Market

Moreover, over the last few years, the demand for technologically advanced products, especially E-learning electronic products, has registered significant growth across the world, especially in the education ERP market. The governments of various countries across the world have undertaken several initiatives for the development of the education sector by deploying multiple smart solutions and services. 

According to analysis, collaborations with other ERP solution providers are likely to help increase business revenue, and new innovation strategies, which will enable the developers of education ERP software solutions to reach potential customers in emerging markets. This is also expected to enable them to increase their revenue sales. 

SAP AG, Blackbaud, Inc., and Oracle Corporation are estimated to hold the largest shares of the education ERP market during the forecast period. Some of the vendors of education ERP solutions profiled in the education ERP market report are Blackbaud, Inc., SAP AG, Oracle Corporation, Dell Inc., Adobe Systems, Infor, Inc., Epicor Software Corporation, Ellucian, Workday, Inc., and Foradian Technologies. 

These insights are based on a report on Education ERP Market by Persistence Market Research

About the Author
Author: Editorial TeamWebsite: http://edtechreview.in
EdTechReview (ETR) is a community of and for everyone involved in education technology to connect and collaborate both online and offline to discover, learn, utilize and share about the best ways technology can improve learning, teaching, and leading in the 21st century.
For more latest updates, You can join us on Google+, Twitter, Linkedin

Like what we do?

The Latest EdTech News To Your Inbox

Follow us:

   

   

 

Latest EdTech News To Your Inbox

About ETR Community

EdTechReview (ETR) is a community of and for everyone involved in education technology to connect and collaborate both online and offline to discover, learn, utilize and share about the best ways technology can improve learning, teaching, and leading in the 21st century.

EdTechReview spreads awareness on education technology and its role in 21st century education through best research and practices of using technology in education, and by facilitating events, training, professional development, and consultation in its adoption and implementation.

 

-> Read More

Join The Community

Subscribe and Join the 80,000+ members who trust us...

Follow us on

 
Testimonials
I find every news, reviews very informative and interesting. This site is indeed a great site for both teachers and learners. Thanks to EdTech for creating such an enriching site on education. Hats off!!
- Regin Brown, Educationist and Blogger, United Kingdom


My group likes this site because it's so up-to-date and has tons of relevant articles.
- Angela Giuliano, Teacher, New Mexico


Your write ups and articles ignites the minds making them receptive to the whole new wealth of EdTech.
- Jagat Rana, Parent, India


EdTechReview has some great resources for teachers who need to get some ideas about technology in the classroom.
- Loretta Wideman,Teacher, East Africa


EdTechReview keeps educators up to date with trending tech savvy terms relative to the discipline.
- Dr. Ingrid Rizzolo,Education Professional, Curriculum and Instruction Designer, New York City Area

-> Read More

Go to Our Client List

Adobe Avaya Bettasia Bonio Campus Management CK12 CKS Evernote IBM Intel IQPC Kidzania McGraw Hill Moodle Moot USC Rossier CMR University The British School Canadian International School Pathways Ridge Valley

Subscribe to our Newsletters...