US Accreditation Management Software Market Outlook and Strategic Insights by 2027

The US accreditation management software market was valued at US$ 25.11 million in 2021 and is projected to reach US$ 50.13 million by 2027; it is expected to register a CAGR of 11.8% from 2021 to 2027.

The accreditation management software is gaining high momentum across the US owing to obligatory accreditation rules framed by regulatory bodies. In the education sector, the Association of Specialized and Professional Accreditors (ASPA) provides programmatic accreditation (specialized and professional) and institutional accreditation for higher education. The US Department of Education holds a vital position in certifying the quality of accreditors via their National Advisory Committee on Institutional Quality and Integrity. Similarly, accreditation is made for pharma students. Accreditation Council for Pharmacy Education (ACPE) establishes standards for offering education to pharmacists to prepare them for delivering pharmacist-provided patient care.

Impact of COVID-19 Pandemic on Accreditation Management Software Market

The US recorded the highest number of confirmed cases of COVID-19, as compared to Canada and Mexico. Due to emerging cases of COVID-19 across the country, steps were taken to close schools, universities, academic institutions, private & public companies, and more. These measures consequently hampered several activities in the education industry. More than 50,000 out of 124,090 schools in the US were temporarily closed and nearly 25 million students were affected due to closures. This step impacted the functioning of accreditation management software market and will continue to negatively affect the market under study until the situation improves.

Accreditation Management Software Market Insights

Surge in Education Sector

The growth of education sector contributes to improving economic development process and developing qualified labor forces. Population growth necessitates an increase in the capacity of the education sector to meet the escalating demand for educational services. The education sector accelerates the adoption of accreditation management software. The software is availed by the faculty and management bodies of the institutes to help them automate the assessment process and reduce the workload. The software is capable of auto-creation of self-assessment reports and CQI tools to be in par with the industry standards. The use of accreditation management software helps educators and professionals to easily manage their tasks related to examinations, syllabus, faculty, students, course evaluation, and many.

Deployment Type-Based Insights

The technology sector has been increasingly witnessing a significant rise in cloud-based software in recent times, as the cloud-based software simplifies the deployment time and significantly reduces the cost of deployment. This benefit has attracted a significant percentage of end users, and the growing demand for cloud-based software has compelled a majority of accreditation management software market players to offer cloud-based products.

Enterprise Size-Based Market Insights

In any organization, the supply chain is considered as a critical component. With the expansion of large enterprises, the supply chain and operations become complex. The accreditation management software confers benefits such as simplifying complex operation processes and real-time visibility. It also helps address all concerns related to regulations, process, and documentation, but it is vital to ensure that the solution selected comprise the right functionality.

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US Accreditation Management Software Market: Strategic Insights

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Market initiative is a strategy that is primarily adopted by companies to expand their footprints across the world and meet the growing customer demands. The market players present in the accreditation management software market mainly focus on the development of advanced and efficient products. Partnerships, contracts, joint ventures, funding, and new office inaugurations allow them to maintain their brand name globally.

• In June 2020,SPOL formed a strategic alliance with the Society for College and University Planning combining SCUP's programs and expertise in integrated planning with SPOL's technological resources. The companies have joined forces to provide services and software designed to help institutions refocus their integrated planning efforts and strengthen their core structures.

The US accreditation management software market is segmented based on deployment type and enterprise size. Based on deployment type, the US accreditation management software market is segmented into cloud and on-premise. Similarly, based on enterprise size, the US accreditation management software market is segmented into SMEs and large enterprises.

Company Profiles

• Armature
• Compwalk
• Dossier Solutions
• Liaison International
• Qualtrax
• Softtech Health, LLC
• Spol
• Wizehive

US Accreditation Management Software Market Regional Insights

The regional trends and factors influencing the US Accreditation Management Software Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses US Accreditation Management Software Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

US Accreditation Management Software Market Report Scope

US Accreditation Management Software Market Players Density: Understanding Its Impact on Business Dynamics

The US Accreditation Management Software Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the US Accreditation Management Software Market are:

1. Armature
2. Compwalk
3. Dossier Solutions
4. Liaison International
5. Qualtrax

Disclaimer: The companies listed above are not ranked in any particular order.