Market Research Future (MRFR) projects the global school management system market size to reach USD 55.1763 billion at a CAGR of 17.20% from 2022–2030 (forecast period).
Multiple Factors to Boost Market Growth
The increasing usage of cloud-based learning management systems has a direct impact on the school management system market growth from 2019 to 2025. Also, educational institutions are rapidly modernizing and embracing cloud-based software that provides improved accessible features portals, which is fueling the school management system market share. Additionally, the increased adoption of modern technology and new educational concepts such as online classrooms, digital assignments, and animated teaching are positively boosting the market growth. Furthermore, greater digitization in the education industry, a shift toward e-learning, and a growing emphasis on improving educational quality are all serving as active growth drivers for the school management system market.
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The Global Market to Witness Ups and Downs Amid Covid-19 Pandemic
The recent COVID-19 outbreak has also had a negative influence on the global education business. With the prolonged lockdown, schools and institutions have ground to a halt and have begun adopting online alternatives to finish the year’s curriculum and tests. School management systems are likely to increase in countries with adequate network infrastructure and internet penetration in this scenario. However, given the present demand for education, these systems may cater to fewer schools, and hence cost may become one of the major challenges impeding market expansion, perhaps resulting in lost opportunities in emerging countries.
The global school management system industry has been segmented based on component, application, deployment mode, and end-user.
By component, the global school management system industry has been bifurcated into solutions and services. Service has been sub-divided into professional services and managed services. The professional services segment has been split into consulting and implementation services and training and development services.
By deployment mode, the global school management system market has been segmented into cloud and on-premise.
By application, the global school management system market has been divided into administration management systems, learning management systems, academic management systems, and financial management systems. The administration management system has been further split into institute management, student management, staff management, library management, inventory, and transportation management system. Financial management has been further split into fee management, accounting management, and payroll management.
Based on end-user, the global school management system market has been categorized into schools, universities, community colleges, and others.
North America to Remain Dominant in the Global Market
North America held the biggest market share in 2018 and is likely to continue to dominate the global school management system market trends over the forecast period. The increasing usage of cloud-based learning management systems, as well as the presence of prominent players in the region like Oracle Corporation, Ellucian Company L.P, and Jenzabar, Inc., are driving market expansion.
APAC to Register the Fastest Growth
During the assessment period, Asia Pacific is expected to be the fastest-growing region in the school management system market. The increase in the number of vendors providing ERP-based solutions for universities, public and private schools, and management schools can be linked to market expansion.
MRFR identifies some of the main players of the global 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).
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