Global School Management Software Market 2020 (Includes Business Impact of COVID-19)

                                          
Global School Management Software Market Trends, Product Types, Applications, Services, and Growth Forecast till 2029 is a recently created report by a dedicated research team at Trusted Business Insights. The report offers insights into the industrial chain, market overview, available software types, end users, and prominent players of the global market. in addition, the report includes market growth and risk factors that affect market growth, along with future possible opportunities for manufacturers in the target market over the forecast period. Also, important details such as prominent manufacturers, their presence in key regions, and growth rate as compared to previous year, etc. have been included. The school management software market report can help stakeholders to analyze and strategize accordingly, in order to increase revenue profits and sustain in the highly competitive market. The global school management software market report has been segmented on the deployment model, operating system, module, and region/ country.

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School Management Software: Overview

School management software has gradually become an important tool in the educational sector which helps to manage applications such as enrollment, registration, scheduling, attendance, and various other procedures. The software is designed and developed in order to manage all school-related information and help automate all the data management processes and reduce human error. In addition, the software has various features such as customized attendance, student activity log, customized progress report, and other details.

Global School Management Software Market: Dynamics

Increasing demand for school management software in the education sector owing to rising adoption of advanced technologies and new concepts of education includes online classes, digital assignments and animated teaching are key factors projected to drive growth of the global market in the near future. In addition, growing demand for school management software in the educational institutes in order to manage financial and HR administrative tasks such as student progress reports, attendance, and fee status to their parents is another factor projected to drive growth of target market in the upcoming years. Furthermore, rising adoption of cloud-based school management software among various institutes and growing demand for centralized software in order to save time and avoid data loss are other factors projected to drive growth of the target market in the upcoming years.

In the recent past, there have been many changes in the field of education, one of which is implementation of the K-12 concept. Increasing adoption of this concept or approach in various developed and developing countries such as India, the US, and Canada, coupled with government initiatives to offer free education under the K-12 system of education such as in India are additional major factors driving market growth.  Moreover, various insurance companies have begun offering insurance plans for K-12 schools and private schools that issue electronic devices to students, teachers, and staff. Devices covered include types of iPads, tablets, netbooks, e-readers, iPods, etc. In addition, availability of various insurance plans for schools and education institutions cover devices, either in full one-to-one initiative, or complete BYOD model scenario. These insurance plans cover accidental damage, malicious damage, loss and theft, and unauthorized usage. For instance, Worth Ave. Group -an insurance company -offers insurance policies and extended service plans to non-profit and educational institutes.

However, rising data security concerns to cloud-based school management software and high cost of software are some of the key factors that could restrain growth of the global market to some extent. In addition, complications in customization and integration of software and lack of skilled professionals to use the software are other issues hampering adoption of the school management software.

Constantly increasing advancements in technology and rising R&D activities for new service launched by players and rising government initiatives are factors projected to create potential revenue opportunities for key players existing in the target market.

Global School Management Software Market: Segment Analysis

By Deployment Model, Analysis:

Among the deployment model segments, the cloud segment is projected to account for high revenue share in the global school management software market and is projected to continue in the upcoming years. Increasing adoption of cloud-based technologies in various developed and developing economies is projected to drive growth of this segment.

By Module, Analysis:

The student assessment segment is estimated to account for higher revenue contribution in the market owing to increasing digitalization for teaching, assessments, and other digital communications. The finance management segment is projected to witness a higher growth rate in the market followed by the human resource segment.

By Operating System, Analysis:

The android segment is estimated to account for considerably high revenue share in the market and the iOS segment revenue is projected to rise at a moderately high CAGR in the next 10 years.

Global School Management Software Market: Region Analysis

The North America market is estimated to account for major share in terms of value in the market and is projected to continue the same for the next 10 years. Presence of large number of school management software vendors, coupled with early and higher adoption rates of advanced technologies and automation among big and small educational institutes are factors projected to fuel growth of the school management software market in North America. Europe market is projected to witness high growth in terms of value in the global school management software market. The Asia Pacific market is projected to register the highest growth rate in the global market in the next 10 years. Continuous technological advancements by major players and rising investments for adoption of school management software in economies such as China and India in this region are estimated to fuel growth of the school management software market in Asia Pacific. In addition, increasing awareness about benefits of school management software among educational institutes and rising number of government initiatives for improving infrastructure and standards of educational sector in the region are factors projected to drive growth of the Asia Pacific school management software market.

Global School Management Software Market Segmentation:

Segmentation by Deployment Model: 

  
On-premise
  
Cloud

Segmentation by Operating System: 

  
Windows
  
iOS
  
Android

Segmentation by Module: 

  
Student Assessment
  
Finance Management
  
Human Resource
  
Others