School Management System Market 2025 | Latest Update, Trends & International News In One Place - Check Out Now
December 5, 2019 by Market-NewsFlash
Global School Management System Market Research Report: by Component [Solution, Services [Professional Services (Implementation Services, Training and Development Services), Managed Services], Deployment Mode (Cloud, On-Premise), Application [Administration Management System (Institute Management, Student Management, Staff Management, Library Management, Inventory and Transportation Management System), Academic Management System, Learning Management System, Financial Management System (Fee Management, Accounting Management and Payroll Management)], End User (Schools, University, Community College and others) and by Region (North America, Europe, Asia-Pacific, Middle East and Africa and South America) — Forecast till 2025
According to MRFR analysis, the Global School Management System Market was valued USD 8.5 billion in 2018 and is expected to reach USD 25.7 Billion by 2025 with a CAGR of 17.7% during 2019–2025. Factors driving the growth of the market include rising government initiatives in the education sector, rise in adoption of cloud-based ERP solutions, and an increase in need for video-based applications by academic institutions. On the other hand, limited availability for the customization and financial constraints are hindering the growth of the school management system market during the forecast period.
The global school management system market has been segmented based on component, deployment model, application, end-user, and region.
By component, the global school management system market has been bifurcated into solutions and services. Furthermore, based on services, the school management system market has been subdivided into professional services and managed services. The professional services segment has been categorized into consulting and implementation services and training and development services. The solution segment accounted for the larger market share in 2018. The market growth is attributed to increasing adoption of cloud-based ERP solutions in educational institutions. On the other hand, the services segment is anticipated to exhibit a higher CAGR during the forecast period.
Based on end-user, the global school management system market has been categorized into schools, universities, community colleges, and others. The university segment accounted for the largest market share in 2018 owing to the rising adoption of automated student information system. However, the schools’ segment is presumed to register the highest CAGR during the forecast period.
The key players in global school management system market are identified by MRFR include McGraw-Hill Education (US), Capita SIMS (UK), Cornerstone (US), Foradian Technologies (India), PowerSchool (US), Skolaro (India), Oracle Corporation (US), Ellucian Company L.P (US), Hobsons (US), Jenzabar, Inc (US), Classter (Greece), Instructure, Inc (US), Schoology (US), Blackboard, Inc (US), and Knewton, Inc. (US).
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