Global education ERP market size to record 14.8% CAGR through 2027

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Selbyville, Delaware, June 21, 2021 (GLOBE NEWSWIRE) — As per industry experts, global education ERP market size was worth USD 10.68 billion in 2020 and is projected to record a CAGR of 14.8% over 2021-2027, subsequently accumulating USD 28.38 billion by the end of the forecast period.

The research literature includes a systematic segmental inspection of this business sphere, including component type, deployment type, application spectrum, and geographical ambits. It also delivers insights into the competitive landscape by gauging prominent firms on the basis of their product/service portfolio, financial parameters, along with strategies adopted like mergers, partnerships, and investments. Additionally, the document dedicates a separate section for assessing industry value chain, offering intricate details relating to the downstream consumers, vendors, and upstream suppliers.

Increasing necessity for automated management in academic is catalyzing the market growth. Moreover, benefit of enhanced performance of administrative modules due to automation is drafting a favorable landscape for the eLearning platforms and technology, in turn, is boosting the demand for enterprise resource planning software (ERP) in the education sector.

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For the unaware, education ERP is a piece of software that gives you complete control over all educational institution’s activities.

Speaking of opportunities in this global education ERP industry, integration of learning management systems and enterprise resource planning, along with technological advancements will continue to enhance the remuneration scope of businesses.

Notably, the outbreak of COVID-19 has forced schools and educational institutions to close, resulting in over 1.2 billion children being out of school in 186 countries, claimed the World Economic Forum. Thus, the demand for e-learning has increased and paved the way for various new technology, whereby teaching is done remotely and on digital platforms through software technologies. The increasing number of COVID-19 cases will boost continue demand for education ERP across various educational institutions.

Despite the favorable business scenario, easy availability of new administrative systems is negatively impacting the industry remuneration.

Market segmentation overview

Based on component type, global education ERP market is split into services and software. As per deployment type, the industry segmentation comprises on-premises and cloud. Moving on to application spectrum, the market is divided into store & procurement management, finance & accounting management, human resource management, academic management, student management, and others. 

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Geographical terrain summary

Asia Pacific, North America, Europe, and Latin America hold lucrative prospects for the businesses operating in global education ERP market sphere. Of these, Asia Pacific presently holds significant portion of the overall market share, attributable to presence of large student population and subsequent surge in the demand for education ERP software. Further, increasing implementation of digital solutions coupled with emerging trend of education ERP development are contributing to the regional industry growth.

Global Education ERP Market by Component Type (Value, USD Billion, 2018-2027)

Global Education ERP Market by Deployment Type (Value, USD Billion, 2018-2027)

Global Education ERP Market by Application Spectrum (Value, USD Billion, 2018-2027)

  • Store & Procurement Management
  • Finance & Accounting Management
  • Human Resource Management
  • Academic Management
  • Student Management
  • Others

Global Education ERP Market Geographical Ambit (Value, USD Billion, 2018-2027)

North America

Latin America

Asia Pacific

  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific

Europe

  • U.K.
  • France
  • Germany
  • Italy
  • Spain
  • Rest of Europe

Rest of the World

Global Education ERP Market Top Vendors (Value, USD Billion, 2018-2027)

  • Tata Consultancy Services Limited
  • Jenzabar Inc.                
  • Foradian Technologies
  • Infor
  • Microsoft Corporation
  • Unit4     
  • Ellucian Company L.P.               
  • Blackbaud Inc.
  • Oracle Corporation
  • SAP SE

Table of Content:

Chapter 1.Executive Summary

1.1. Market Snapshot

1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)

1.2.1. Education ERP Market , by Region, 2019-2027 (USD Billion)

1.2.2. Education ERP Market , by  Component, 2019-2027 (USD Billion)

1.2.3. Education ERP Market , by  Deployment , 2019-2027 (USD Billion)

1.2.4. Education ERP Market , by  Application, 2019-2027 (USD Billion)

1.3. Key Trends

1.4. Estimation Methodology

1.5. Research Assumption

Chapter 2. Global Education ERP Market  Definition and Scope

2.1. Objective of the Study

2.2. Market Definition & Scope

2.2.1. Scope of the Study

2.2.2. Industry Evolution

2.3. Years Considered for the Study

2.4. Currency Conversion Rates

Chapter 3. Global Education ERP Market Dynamics

3.1. Education ERP Market Impact Analysis (2019-2027)

3.1.1. Market Drivers

3.1.1.1. Rising need for automated management in academic institutions 

3.1.1.2.  Enhanced performance of administrative modules, thereby increasing the need for managing academic processes 

3.1.2. Market Restraint

3.1.2.1. Easy availability of new administrative systems  

3.1.3. Market Opportunities

3.1.3.1. Integration of learning management systems and enterprise resource planning

3.1.3.2. Advancements in eLearning platforms and technology 

Chapter 4. Global Education ERP Market Industry Analysis

4.1. Porter’s 5 Force Model

4.1.1. Bargaining Power of Suppliers

4.1.2. Bargaining Power of Buyers

4.1.3. Threat of New Entrants

4.1.4. Threat of Substitutes

4.1.5. Competitive Rivalry

4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)

4.2. PEST Analysis

4.2.1. Political

4.2.2. Economical

4.2.3. Social

4.2.4. Technological

4.3. Investment Adoption Model

4.4. Analyst Recommendation & Conclusion

Chapter 5. Global Education ERP Market , by   Component

5.1. Market Snapshot

5.2. Global Education ERP Market  by   Component, Performance – Potential Analysis

5.3. Global Education ERP Market  Estimates & Forecasts by   Component  2018-2027 (USD Billion)

5.4. Education ERP Market , Sub Segment Analysis

5.4.1. Software

5.4.2. Services

Chapter 6. Global Education ERP Market, by Deployment

a. Market Snapshot

6.1. Global Education ERP Market  by   Deployment, Performance – Potential Analysis

6.2. Global Education ERP Market  Estimates & Forecasts by  Deployment 2018-2027 (USD Billion)

6.3. Education ERP Market , Sub Segment Analysis

6.3.1. Cloud

6.3.2. On-Premises

Chapter 7. Global Education ERP Market , by   Application

7.1. Global Education ERP Market  by  Application, Performance – Potential Analysis

7.2. Global Education ERP Market  Estimates & Forecasts by  Application 2018-2027 (USD Billion)

7.3. Education ERP Market , Sub Segment Analysis

7.3.1. Student management

7.3.2. Academic management

7.3.3. Human resource management

7.3.4. Finance and accounting management

7.3.5. Store and procurement management

7.3.6. Other application

Chapter 8. Global Education ERP Market, Regional Analysis

Related Report:

E-Learning Market Size, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 – 2026

E-Learning Market size is anticipated to grow at over 8% CAGR to 2026, as per new research report. The advent of several new technologies, such as cloud computing and AI coupled with increasing internet penetration across the globe will drive the market growth. Rapid cloud adoption provides flexibility in content storage, sharing, and access to both learners and content providers. From a regional frame of reference, the E-learning market in North America is likely to witness significant growth since players are focusing on offering their services and solutions to the countries where favorable government policies and high growth in the education sector can be seen.

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