School management systems market to reach $ 8.5 billion by
New York, United States, October 26, 2021 (GLOBE NEWSWIRE) – Market Snapshot:
According to a comprehensive research report from Market Research Future (MRFR), âSchool Management System Market information by mode of deployment, by component, by application and by region – forecast until 2027âThe market size is expected to grow at a compound annual growth rate of 17.7% to reach $ 8.5 billion by 2025.
School management systems enable education leaders to succeed and stay ahead of the learning industry by helping them adapt to regulatory changes and streamline operations by automating mundane operational tasks and complex. These solutions also help employees, parents and students exchange essential information and build valuable relationships.
Due to recent coronavirus crises and following lockdown and social distancing warrants, there is a growing need for schools to adopt online school management software. Schools are striving not only to move to a SaaS environment for finance, human resources, and payroll, but also to increase their engagement with parents, provide more detailed reporting, and create seamless administration systems. more efficient paper. With the disruptions from COVID 19 expected to continue for a few years, the market is expected to generate significant traction around the world in the years to come.
The Major Key Players in the Covered School Management System Market are:
- Skolaro (India)
- Blackboard Inc (United States)
- Oracle Corporation (United States)
- Foradian Technologies (India)
- Ellucian Company LP (United States)
- Hobsons (United States)
- PowerSchool (United States)
- Jenzabar Inc (United States)
- Captain SIMS (United Kingdom)
- Instructure Inc (United States)
- Classter (Greece)
- McGraw-Hill Education (United States)
- Schoology (United States)
- Cornerstone (United States)
- Knewton Inc. (United States)
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Online school management software shares each school’s vision for the next stage of growth. These solutions complement the school company’s mission and investments by reinforcing its commitment to service excellence for education.
Web-based management information systems offering a range of reporting and engagement tools are used by many people involved in a school, from data administrators and staff to students and parents. These modules handle all aspects of school administration including admissions, academic reporting and monitoring, exams, welfare, communication, human resources, and billing and expense accounting, helping them to operate efficiently.
USP market exclusively encompassed:
School Management System Market Drivers
School management solutions are rapidly being implemented in schools around the world to better manage their operations while improving collaboration, productivity and simplifying learning requirements. With technological advancements, educational institutions are rapidly transforming and adopting cloud-based software that provides better accessibility to portal functionality.
In addition, increased investments by schools in the deployment of modern student and staff management and financial management solutions are accelerating the growth of the market. The proliferation of smart mobile devices, such as smartphones, laptops and tablets, and the improvement of networking technologies such as WiFi and broadband are creating substantial market demand.
Investments in cloud-based school management system infrastructure to gain increased control over the entire range of learning management are increasing the size of the market. Notably, most of the advances have been adopted by developed regions, such as the Americas and Europe.
On the other hand, lack of human resources, financial restraints, limited customization options and expertise are major challenges which are expected to hamper the growth of the market. Nonetheless, the growing demand for online school management solutions would support the growth of the market throughout the review period.
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Market segmentation covered by research:
The school management system market is segmented into components, applications, modes of deployment, end users, and regions. The components segment is divided into solutions and services. The service sub-segment is classified into professional services and managed services. The professional services segment is further divided into advisory and implementation services and training and development services.
The Deployment Mode segment is sub-segmented into Cloud and On-Premises. The Applications segment is sub-segmented into Administrative Management Systems, Academic Management Systems, Learning Management Systems, and Financial Management Systems.
The administration management system segment is further classified into institute management, student management, personnel management, library management, inventory and transportation management system. Likewise, the financial management segment is further classified into expense management, accounting management, and payroll management. The end user segment is further subdivided into schools, universities, community colleges and others.
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North America dominates the global market for school management systems. The strongest growth in the market is attributable to the increasing adoption of school management system solutions and services and the early adoption of technologies such as cloud computing, machine learning and artificial intelligence.
In addition, the growing adoption of cloud-based learning management systems to improve operational efficiency is boosting the region’s school management software market share. The presence of key technology providers in the region, such as Oracle Corporation, Ellucian Company LP and Jenzabar, Inc., confirms the size of the market.
Europe ranks second in the global market for school management systems. Market growth is driven by the increasing adoption of school management software and online school management software. Moreover, the growing demand for cloud-based deployment models in the region is contributing to the growth of the School Management Systems market.
Asia Pacific has emerged as a profitable market for school management solutions globally. The increase in the number of technology providers offering ERP solutions for universities, public and private schools and management schools is positively impacting the growth of the market.
With an increasing number of schools looking to automate their operations management systems, the regional market presents immense opportunities for revenue growth. In addition, the proliferation of cloud technology, along with the strategic partnerships and growing investments of players operating in the region, are influencing the growth of the market.
Impact of COVID-19 on the Global School Management Systems Market
The onset of the COVID 19 pandemic has had a positive impact on the school management systems market. The lockdown, physical distancing warrants and security protocols imposed to control the spread of COVID 19 have forced schools around the world to embrace online learning / virtual classroom setup. Hence, this has increased the adoption of online school management solutions to manage the entire range.
Distance learning mandates have demonstrated the importance of an online school management system to manage students, teachers and classes in real time and with accurate information.
As the Covid-19 disruption is expected to continue, many schools have identified the need to improve staff time, student attendance, and lesson planning processes. As a result, the online school management software market is expected to grow rapidly across all sizes of schools, indicating an increase in school management system implementations.
The school management systems market is experiencing significant product launches and the implementation of several strategic approaches, such as expansion, collaboration, mergers and acquisitions, and product launches. Industry leaders make strategic investments in research and development activities and promote their expansion plans.
For example, recently on October 20, 2020, IRIS Software Group, a leading software company, announced the acquisition of iSAMS, a fully integrated online school management platform to expand its educational footprint across UK, US and overseas. markets. IRIS, combined with its large customer base, investments in cloud technology and industry expertise, would place iSAMS in the next phase of its growth.
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