Global Education ERP Market 2020 (Includes Business Impact of COVID-19)

                                          
“Global Education ERP Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by Trusted Business Insights. The global education ERP Market report has been segmented on the basis of component type, deployment type, user type, and region.

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Global Education ERP Market: Overview

The ERP (enterprise resource planning) refers to software packages or systems used by enterprise or organizations to manage their day-to-day business tasks including procurement, accounting, manufacturing and project management. The ERP software collecting an organization’s data from multiple sources, this system eliminates data duplication and integrates all the processes into a single system.

Global Education ERP Market: Dynamics

Rising adoption of advanced technology products and education ERP systems that enables and manages student information system(SIS), admissions process, payroll, placement management, accounting, transport management in schools or university. This is a major factor expected to drive growth of the global education ERP market. Increasing adoption of ERP in education sector due to increasing investments and continuous launching new IT technology in past few years is another factor expected to fuel growth of the target market. Adoption of education ERP due to various benefits including simpler admission process, automate fee payments, centralized data management, faster management process, data security, improve resource management is among some other factors expected to drive growth of the market. Furthermore, rapid digitalization, coupled with growing adoption of smartphones among students for online education, online banking, web-based services, and others, are dynamic factors projected to support revenue growth of the global market in the next 10 years.

However, lack of awareness about education ERP solutions and availability of other software services are factors which may hamper growth of the target market.

Global Education ERP Market: Segment Analysis

Among the component type segments, the solutions segment is expected to account for significant revenue share in the target market, owing to various management solutions such as financial management, placement management, etc.

Among the deployment type segments, the cloud deployment model is expected to account major revenue share contribution in the global market, as the deployment model offers data integrity and high security, along with flexibility and scalable selections to ERP solutions.

Among the user type segments, the higher education segment is expected to account for highest revenue share, due to constant growth in higher education institutions and rising adoption of e-learning methods in colleges and universities.

Global Education ERP Market: Regional Analysis

The market in North America market accounted for highest revenue share in the global market, owing to high demand for IT solutions from education sector. In addition, increasing number of colleges and universities in countries in the region. The Asia Pacific market is expected to account for second-highest revenue share in the global market, due to rising adoption of video-based learning in developed as well as developing economies such as China, India, and Japan. In addition, increasing smart education systems along with new and innovative software solutions are about to generate substantial demand for the service in the region.  The markets in Europe, Middle East & Africa, and Latin America are projected to register for moderate revenue share in the global education ERP market.

Global Education ERP Market Segmentation:

Segmentation by Component Type:

Solution
Service

Segmentation by Deployment Type:

Cloud
On-premise

Segmentation by User Type:

Kindergarten
K-12
Higher Education