$4550
$2730
The academic software market is expected to grow from US$ 797.59 million in 2021 to US$ 2,007.08 million by 2027. The Academic software market is expected to grow at a CAGR of 16.2% during the forecast period of 2021 to 2027.
Increasing adoption of eLearning across institutions is the key factor driving the growth of the academic software market. In eLearning, by reading or watching content, it is changing the way education is delivered. Several eLearning courses such as animation, podcasts, and videos create a multi-modal and realistic learning environment. ELearning, educational content opens up several immersive learning opportunities for learners through computers, laptops, tablets, or smartphones. Instead of being in a passive environment, students can choose what they need to learn easily and quickly. These benefits are increasing the demand for academic software across the world.
The COVID-19 pandemic has severely affected the education sector worldwide. This has also promoted the adoption of online education system across all major economies across the world; thereby, influencing the adoption of software for various applications, such as delivering lectures, manage students, and other operational activities from remote locations. Thus, the rising adoption of technologically advanced solutions across the sector is expected to positively impact the growth of the academic software market during the pandemic.
Based on deployment, the academic software market is segmented into cloud and on-premise. In 2019, the cloud segment accounted for a higher share in the market. In recent years, the technology industry has steadily seen a major increase in adoption of cloud-based computing. This is due to the fact that cloud-based computing simplifies the time of implementation and reduces deployment costs substantially. This advantage has attracted a large number of end users; thus, the majority of academic software market players deliver cloud-based products in conjunction with the growing demand for cloud-based software. In addition, the internet infrastructure in developed countries has evolved and is flourishing in many developing countries, enabling end users to access the cloud based solutions in both developed and developing countries
Lucrative Regions in Academic Software Market
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Academic Software Market Insights
Integration of Technologies such as Artificial Intelligence with Academic Software Solutions
Artificial intelligence (AI) is a technology that gives computers the ability, in the same way as humans, to communicate with people, understand events, and learn and react to events. Over the years, artificial intelligence not only had huge applications across industries—such as security and surveillance and information technology—but it had also experienced a rise in adoption of the technologies in the education sector. AI is being adopted across schools, colleges, and universities for automating repetitive tasks, such as grading, financial analysis, and admission processes. For example, AI can be calibrated to learn and model teacher actions while grading, through advanced computer programs—such as Automated Grading—for automatic grade assignment in the future. Over time, the program would learn the academic skills of multiple students and, based on their performances, prepare customized training plans.
Deployment -Based Market Insights
Based on deployment type, the global academic software market is segmented into cloud and on-premise. The cloud-based academic software is witnessing high demand compared to on-premises academic software. The cloud segment generates the majority of the demand since it is comparatively less expensive due to strong network infrastructure in developed countries. In addition, the cloud-based academic software vendors are highly focused on developing a high-level security patch in order to eliminate the risk of cyberattacks. This factor is also creating significant demand from the end users, thereby driving the academic software market.
Academic Software Market, by Deployment – 2021 and 2027
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Application -Based Market Insights
Based on application, the academic software market is segmented into colleges and universities, educational services, and others. Increasing adoption of modern solutions across educational institutions and universities to offer both online and offline courses to students coupled with the initiative to make advanced solutions available to all staff and students is influencing the adoption of academic software. This is fuelling the growth of the market over the years.
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Academic Software Market: Strategic Insights
Market Size Value in US$ 797.59 Million in 2021 Market Size Value by US$ 2,007.08 Million by 2027 Growth rate CAGR of 16.2% from 2021-2027 Forecast Period 2021-2027 Base Year 2021
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Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Academic Software Market: Strategic Insights
Market Size Value in | US$ 797.59 Million in 2021 |
Market Size Value by | US$ 2,007.08 Million by 2027 |
Growth rate | CAGR of 16.2% from 2021-2027 |
Forecast Period | 2021-2027 |
Base Year | 2021 |
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Have a question?
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to AnalystPlayers operating in the Academic software market focus on strategies, such as market initiatives, acquisitions, and product launches, to maintain their positions in the academic software market. A few developments by key players of the academic software market are:
In December 2020, Alma student information system platform introduced grade point averages (GPA) feature which is been added to the grade book tool. The standards-based grading (SBG) is rooted in aligning student feedback and progress measurement against the particular skills being taught and assessed, rather than using a single score to cover multiple topics or standards.
In July 2020, ConexED had updated its iOS App 2.2.3 for a more user-friendly experience. This app enables students, staff, and faculty to join virtual meetings and video conferences on their mobile devices.
Academic software Market – by Deployment
- Cloud
- On-Premise
Academic software Market – by Application
- Colleges and Universities
- Educational Services
- Others
Academic software Market – by Geography
North America
- US
- Canada
- Mexico
Europe
- France
- Germany
- Russia
- UK
- Italy
- Rest of Europe
Asia Pacific (APAC)
- China
- India
- Japan
- Australia
- South Korea
- Rest of APAC
MEA
- Saudi Arabia
- UAE
- South Africa
- Rest of MEA
SAM
- Brazil
- Argentina
- Rest of SAM
Academic software Market – Company Profiles
- Alma
- CAMPUS CAFÉ SOFTWARE
- ConexED
- Envisio Solutions Inc.
- FULL FABRIC
- PowerVista Software, Inc.
- Qualtrics LLC
- Tophatmonocle Corp
- TrueDialog
- WizeHive
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Deployment and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
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
Frequently Asked Questions
The software industry is growing at a fast pace in the region as it attracts various technological developments. The US federal government spends ~US$ 79 billion every year on the development of primary and secondary education programs. In addition, the trend of privatizing schools in the US is prevailing which is another aspect that would help in boosting the scope of integrating advanced software in schools. In the 21st century, the education sector is experiencing numerous efforts to privatize educational services which were provided by public agencies & school systems. Privatization is expected to transform the method of running schools and will open up opportunities for integrating new software and technologies to manage operations in educational institutes efficiently.
Artificial intelligence (AI) is a technology that gives computers the ability, in the same way as humans, to communicate with people, understand events, and learn and react to events. Over the years, artificial intelligence not only had huge applications across industries—such as security and surveillance and information technology—but it had also experienced a rise in adoption of the technologies in the education sector. AI is being adopted across schools, colleges, and universities for automating repetitive tasks, such as grading, financial analysis, and admission processes. For example, AI can be calibrated to learn and model teacher actions while grading, through advanced computer programs—such as Automated Grading—for automatic grade assignment in the future. Over time, the program would learn the academic skills of multiple students and, based on their performances, prepare customized training plans.
Increase in adoption of modern technologies and rapid shift from traditional teaching methodologies to modern teaching techniques are influencing the adoption of academic software solutions across colleges and universities across the globe. Additionally, software packages taken by universities and colleges for a large number of users are also cost efficient for both the institutions and the students. In the private sector, for instance, many software packages that a student wants are very expensive. This is why VIVES University of Applied Sciences has developed a partnership to deliver academic solutions with Signpost. Bulk transaction or software license transactions would substantially lower the cost of all their students' required application. A standard software package is compiled by VIVES on Signpost's Academic Software platform, which consists of hundreds of software titles that must be purchased by any VIVES student as a compulsory learning material, regardless of the education or training process. The same can be installed and used on personal laptops and desktops of students. Thus, increasing initiatives by colleges and universities to install bulk academic solutions for students are contributing to the academic software market growth across the globe.
The List of Companies - Academic Software Market
- Alma
- CAMPUS CAFÉ SOFTWARE
- ConexED
- Envisio Solutions Inc.
- FULL FABRIC
- PowerVista Software, Inc.
- Qualtrics LLC
- Tophatmonocle Corp
- TrueDialog
- WizeHive
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- 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.
- 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:
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.
- 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.
- 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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