Higher Cloud-Based Platform Adoption to Drive Global Online School Management Software Market 2025
Online School Management Software Market
A school management system refers to a part of the enterprise resource planning software that is mainly used for educational institutions for managing all types of information management systems. It is generally used for a variety of applications that include student registration, documentation of grades and analytical marks for each student, payroll management, accounting management, and other applications. Furthermore, the student management system also entails the overall information of educational institution which includes administration management system, academic management system, and financial management system.
The global school management system market is estimated to upscale at a robust growth rate of 17.7% during the forecast period, as per the latest report developed by the researchers at Market Research Future (MRFR). The global school management system market is also estimated to register a market revenue valuation of USD 25.7 billion by the end of the forecast period. The education sector is expected to witness rapid transformation owing in the forthcoming years, owing to the advancements of technology and the rising adoption of cloud-based software.
This cloud-based software is expected to note a hike in demand owing to a better accessibility feature portals. Notably, most of these developments are observed to take place in economies with sophisticated infrastructure such as the US, Canada, or Western and Central European countries. However, owing to a lack of human resources, financial constraints, and limited options for customization of the software, the global school management system market is expected to witness hindrance in growth over the forecast period.
Segmentation
The global school management system market has been segmented based on component, deployment mode, 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.
By deployment mode, the market has been segmented into cloud and on-premise. The cloud segment is presumed to be the higher growth rate in the market owing to the availability of seamless cloud-based solutions that can be easily integrated with various applications such as administrative management and financial management segments. However, the on-premise segment is being still preferred over the cloud solution owing to security concerns.
Based on application, the market has been segmented into an administration management system, academic management system, learning management systems, and financial management systems. Furthermore, the administration management system has been categorized into institute management, student management, staff management, library management, inventory, and transportation management system. Also, the financial management segment has been further categorized into fee management, accounting management, and payroll management. The administration segment accounted for the largest share in 2018 owing to increasing need for automated business procedures in academic institutions. Whereas, the learning management system segment is expected to exhibit the highest CAGR during the assessment 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.
Key Players
Some prominent players in the global market for school management system market include Blackboard, Inc (US), Skolaro (India), Oracle Corporation (US), Ellucian Company L.P (US), Foradian Technologies (India), Hobsons (US), Jenzabar, Inc (US), PowerSchool (US), Capita SIMS (UK), Classter (Greece), Instructure, Inc (US), McGraw-Hill Education, (US), Cornerstone (US), Schoology (US), and Knewton, Inc. (US).
More Information@
School Management System Market by Component, Growth and Forecast – 2025 | MRFR
School Management System Market is estimated to reach USD 25.7 Billion by 2025 with a CAGR of 17.7% …
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