MARKET OVERVIEW
Since long the education market has been growing and evolving expansively and is expected to foresee even better growth in coming years. Enterprise resource planning (ERP) in education has a history and its presence in the major organization has facilitated ease of operations and management process. Enterprise resource planning in education field has enabled integration of various functions of an organization in real time to maintain and manage databases and all the functions efficiently. ERP systems keeps a track of business resources, examine production capacity and govern the status of admissions, and payroll. ERP simplifies the flow of information between numerous business functions, and also it's responsible for updating priority investors.
Educational institutes like universities and schools are more inclined to concentrate upon their core competency by offering quality education. Hence, education industry is intended to outsource the complicated management process to a third party vendors. In universities and schools, ERP system supports comfortable and user friendly management of student information system, enrollment & admission system, payroll, placement management, accounting, transport management and others. Moreover, the demand for security of critical data of institutions is another reason behind consideration of ERP by schools and universities.
MARKET SCOPE
The "Global Education ERP Market Analysis to 2028" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the education ERP market with detailed market segmentation by solution, service, deployment type, end-users, and geography. The report provides key statistics on the market status of the leading education ERP market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on solution, the global education ERP market is segmented into student information system, HR-payroll, financial management, placement management, transport management, enrollment and admissions, and others.
- On the basis of service, the market is segmented into implementation, consulting, training and support, and portal services.
- Based on deployment type, the market is segmented into cloud based and on-premises.
- Based on end-users, the market is segmented into kindergarten, K-12, and higher education.
MARKET DYNAMICS
Drivers:
- The improvisation in technology and overall demand of concepts related to computing is driving the market for Enterprise Resource Planning in the education sector.
- This market is projected to rise high significantly with rapid adoption among the educational sector. Also other factors such as emergence of better functionality of educational system, capacity of the system in regards with flexible infrastructure most important reason for driving the market would be the requirement for streamlining the academic process.
Restraints:
- As these systems stick to a particular set up, possibility of customization is less and therefore there are other substitutes taking over the market, which is restricting the educational ERP market growth.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The education ERP market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the education ERP market in these regions.
IMPACT OF COVID-19ON EDUCATION ERP MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the education ERP market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from education ERP market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the education ERP market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Blackbaud, Inc.
- Dell Inc.
- Ellucian Company L.P.
- Epicor Software Corporation
- Foradian Technologies
- Infor
- Jenzabar, Inc.
- Netsuite Inc (Oracle)
- SAP SE
- Unit4 Software
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
