Accreditation Management Software Market to Grow at a CAGR of 13.1% to reach US$ 252.64 Bn Million from 2019 to 2027

Accreditation Management Software Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Deployment Type (Cloud and On-Premises); Enterprise Size (SMEs and Large Enterprises)

  • Report Code : TIPRE00011339
  • Category : Technology, Media and Telecommunications
  • Status : Published
  • No. of Pages : 144
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The accreditation management software market was valued at US$ 98.79 million in 2019 and is projected to reach US$ 252.64 billion by 2027;it is expected to grow at a CAGRof 13.1% during the forecast period.

Accreditation is an ongoing assessment procedure to ensure companies or organizations are technically competent, have appropriate resources,comply the required standards, and are capable of sustaining the respective marketsfor longer duration. Environment, manufacturing, health and welfare, commerce and finance, farming and food, education, aerospace & defense, and laboratories are among the prominent areas where accreditation management software are used.The accreditation management software also enable the easy integration of a fully customizable and comprehensive accreditation information management system into the user’s existing system. Companies such as Ceatrix Campus offer accreditation management software to cater to the requirements of dental,medical, and nursing colleges. Comp WALK is another provider of premiere accreditation management systems that combine integral pieces of anaccreditation process into a single cohesive solution, resulting in a moreefficient and scalable accreditation process.

North America dominated the accreditation management software market in 2019, followed by Europe. The region has a plenty ofaccr editation associations developed for education institutes, charitable trusts,nonprofit organizations, etc. The US in known for bringing continuous developmentsin technologies and adopting the high-tech offerings, such as advanced software for supporting business activities. In APAC, favorable government support topromote the manufacturing sector in emerging economies such as China and India wouldfurther accelerate the adoption of accreditation management software.

Impact of COVID-19Pandemic on Accreditation Management Software Market

The COVID-19 outbreak, which began in Wuhan (China) inDecember 2019, has spread at a fast pace worldwide. The global factoryshutdowns, travel bans, and border lockdowns, to combat and contain theoutbreak, have impacted every industry and economy worldwide.To control thespread of virus globally, governments of different countries have beenimplementing several measures  to promotesocial distancing. As a part of these measures, lockdowns have been imposed,encompassingschools, universities, colleges, companies, and factories.This step hasdisrupted education sector and different business activities. As a matter offact, accreditation is highly important in all sectors. However, shutdowns ofuniversities would lead to lesser use of accreditation management software,which are used for managing activities such as faculty management and studentmanagement.

Lucrative Regional Accreditation Management Software Market

Lucrative Regional Accreditation Management Software Market

  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

MarketInsights

Rising prominence ofsmartphones

The scope of accreditation management software is projectedto broaden with the increasing number of elementary and secondary schools,junior colleges, professional schools, business schools, technical and tradeschools, and educational support service institutes. The growth of the educationsector contributes toward the process of development of economy and building ofqualified labor forces. Population increase necessitates increase in thecapacity of the education sector to meet the growing demand for educationalservices. Emerging economies, such as India, attract investments in theeducation sector that accelerates the adoption of accreditation managementsoftware.

Global Accreditation Management Software Market, by Enterprise Size– 2019and 2027

Global Accreditation Management Software Market, by Enterprise Size– 2019and 2027

  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Deployment Type-BasedInsights

In terms of deployment type, the cloudsegment captured adominating share of the global accreditation management software market in 2019.There is high demand for cloud-based software as they are less expensive thanthe software deployed on-premises; it is also due to strong networkinfrastructure in developed countries.

Enterprise Size-Based Insights

In terms ofenterprise size, large enterprise segment captureda larger share of the accreditation management software market in 2019.Thebenefits such as simplification of operations and real-time visibility areattracting large enterprises to adopt the accreditation management software.

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Accreditation Management Software Market: Strategic Insights

accreditation-management-software-market
Market Size Value inUS$ 98.79 Million in 2019
Market Size Value byUS$ 252.64 Billion by 2027
Growth rateCAGR of 13.1% from 2020-2027
Forecast Period2020-2027
Base Year2020
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In the accreditation management software market, companiesmainly adopt the market initiatives strategy to expand their footprintworldwide by meeting the growing demand for their offerings. This strategy ismostly observed to be implemented in the market in North America. A few of therecent initiatives in the accreditation management software market are listedbelow:

2020:SPOL formed a strategic alliance with the Society forCollege and University Planning, combining SCUP's programs and expertise inintegrated planning with SPOL's technological resources. The companies havejoined forces to provide services and software designed to help institutionsrefocus their integrated planning efforts and strengthen their core structures.
2020:Watermark announced a new partnership with eWorks tobetter assist Australian higher education institutions in simplifying studentfeedback processes and getting valuable data into the hands of stakeholders.
2019:Liaison International partnered with GlobalEngineering Deans Council (GEDC). Becoming a member of GEDC would allow Liaisonto improve the future of the graduate engineering student experience and the engineeringprofession as a whole.

Market Segmentation

Accreditation Management Software Market –By DeploymentType

  • Cloud
  • On-premises

Accreditation Management Software Market – ByEnterprise Size

  • SMEs
  • Large Enterprises

Accreditation Management Software Market- ByRegion

  • North America

    • US
    • Canada
    • Mexico
  • Europe

    • France
    • Germany
    • Italy
    • UK
    • Russia
    • Rest of Europe
  • Asia Pacific

    • China
    • India
    • South Korea
    • Japan
    • Australia
    • Rest of APAC
  • Middle East and Africa

    • South Africa
    • Saudi Arabia
    • UAE
  • Rest of MEA

    • South America
    • Brazil
    • Argentina
    • Rest of SAM

Companies Profiled inAccreditation Management Software Market are as Follows:

  • Armature
  • Compwalk
  • Creatrix Campus
  • Dossier Solutions
  • Liaison International
  • Openwater
  • Qualtrax
  • Softtech Health, LLC
  • Spol
  • Wizehive
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Deployment Type ; Enterprise Size

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States

The  List ofCompanies - Accreditation Management Software Market

  1. ARMATURE Solutions Corporation
  2. NextLOGiK
  3. Creatrix Campus
  4. Dossier Solutions
  5. Liaison International
  6. OpenWater
  7. Qualtrax, Inc.
  8. SoftTech Health, LLC
  9. WizeHive, Inc.
  10. SPOL (Strategic Learning Online,LLC)
  11. Watermark

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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