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US Accreditation Management Software Market

2021

US Accreditation Management Software Market Forecast to 2028 - COVID-19 Impact and Country Analysis By Deployment Type (Cloud and On-premise) and Enterprise Size (SMEs and Large Enterprises)

Publication Month: Oct 2021 | Report Code: TIPRE00025066 | No. of Pages: 89 | Category: Technology, Media and Telecommunications | Status: Published

Market Insights

US Accreditation Management Software Market to Grow at a CAGR of 11.8% to reach US$ 50.13 million from 2021 to 2027

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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.

Strategic Insights

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

1. Introduction. 12

1.1 Study Scope. 12

1.2 The Insight Partners Research Report Guidance. 12

1.3 Market Segmentation. 14

2. Key Takeaways. 15

3. Research Methodology. 18

3.1 Coverage. 20

3.2 Secondary Research. 20

3.3 Primary Research. 21

4. US Accreditation Management Software Market Landscape. 22

4.1 Market Overview. 22

4.2 US PEST Analysis. 23

4.3 Ecosystem Analysis. 24

4.4 Expert Opinion. 24

5. US Accreditation Management Software Market – Key Market Dynamics. 26

5.1 Market Drivers. 26

5.1.1 Surge in Education Sector 26

5.1.2 Mandatory Environment of Accreditation Management 27

5.2 Market Restraints. 27

5.2.1 Growing Security Concerns. 27

5.3 Market Opportunities. 28

5.3.1 Escalating Number of SMEs. 28

5.4 Future Trends. 28

5.4.1 Adoption of Cloud-Based Software. 28

5.5 Impact Analysis of Drivers and Restraints. 29

6. Accreditation Management Software Market– US Analysis. 30

6.1 US Accreditation Management Software Market Overview. 30

6.2 US Accreditation Management Software Market– Revenue and Forecast to 2027 (US$ Million) 30

7. US Accreditation Management Software Market Analysis – By Deployment Type. 32

7.1 Overview. 32

7.2 US Accreditation Management Software Market Breakdown, by Deployment Type, 2019 & 2027. 32

7.3 Cloud. 33

7.3.1 Overview. 33

7.3.2 Cloud Market Revenue and Forecast to 2027 (US$ Million) 33

7.4 On-Premise. 35

7.4.1 Overview. 35

7.4.2 On-premise Market Revenue and Forecast to 2027 (US$ Million) 35

8. US Accreditation Management Software Market Analysis – By Enterprise Size. 37

8.1 Overview. 37

8.2 US Accreditation Management Software Market Breakdown, by Enterprise Size, 2019 & 2027. 37

8.3 SMEs. 39

8.3.1 Overview. 39

8.3.2 SMEs Market Revenue and Forecast to 2027 (US$ Million) 39

8.4 Large Enterprises. 41

8.4.1 Overview. 41

8.4.2 Large Enterprises Market Revenue and Forecast to 2027 (US$ Million) 41

9. Impact of COVID-19 Pandemic on US Management Software Market 43

9.1 US: Impact Assessment of COVID-19 Pandemic. 43

10. Industry Landscape. 44

10.1 Market Initiative. 44

10.2 Merger and Acquisition. 45

10.3 New Development 46

11. Company Profiles. 47

11.1 ARMATURE Solutions Corporation. 47

11.1.1 Key Facts. 47

11.1.2 Business Description. 47

11.1.3 Products and Services. 48

11.1.4 Financial Overview. 48

11.1.5 SWOT Analysis. 49

11.1.6 Key Developments. 49

11.2 NextLOGiK. 50

11.2.1 Key Facts. 50

11.2.2 Business Description. 50

11.2.3 Products and Services. 51

11.2.4 Financial Overview. 51

11.2.5 SWOT Analysis. 52

11.2.6 Key Developments. 52

11.3 Creatrix Campus. 53

11.3.1 Key Facts. 53

11.3.2 Business Description. 53

11.3.3 Products and Services. 54

11.3.4 Financial Overview. 54

11.3.5 SWOT Analysis. 55

11.3.6 Developments. 55

11.4 Dossier Solutions. 56

11.4.1 Key Facts. 56

11.4.2 Business Description. 56

11.4.3 Products and Services. 57

11.4.4 Financial Overview. 57

11.4.5 SWOT Analysis. 58

11.4.6 Key Developments. 58

11.5 Liaison International 59

11.5.1 Key Facts. 59

11.5.2 Business Description. 59

11.5.3 Products and Services. 60

11.5.4 Financial Overview. 60

11.5.5 SWOT Analysis. 61

11.5.6 Key Developments. 61

11.6 OpenWater 62

11.6.1 Key Facts. 62

11.6.2 Business Description. 62

11.6.3 Products and Services. 63

11.6.4 Financial Overview. 63

11.6.5 SWOT Analysis. 64

11.6.6 Key Developments. 64

11.7 Qualtrax, Inc. 65

11.7.1 Key Facts. 65

11.7.2 Business Description. 65

11.7.3 Products and Services. 66

11.7.4 Financial Overview. 66

11.7.5 SWOT Analysis. 67

11.7.6 Key Developments. 68

11.8 SoftTech Health, LLC. 69

11.8.1 Key Facts. 69

11.8.2 Business Description. 69

11.8.3 Products and Services. 70

11.8.4 Financial Overview. 70

11.8.5 SWOT Analysis. 71

11.8.6 Key Developments. 71

11.9 WizeHive, Inc. 72

11.9.1 Key Facts. 72

11.9.2 Business Description. 72

11.9.3 Products and Services. 73

11.9.4 Financial Overview. 73

11.9.5 SWOT Analysis. 74

11.9.6 Key Developments. 75

11.10 SPOL (Strategic Learning Online, LLC) 76

11.10.1 Key Facts. 76

11.10.2 Business Description. 76

11.10.3 Products and Services. 77

11.10.4 Financial Overview. 77

11.10.5 SWOT Analysis. 78

11.10.6 Key Developments. 79

11.11 Watermark. 80

11.11.1 Key Facts. 80

11.11.2 Business Description. 80

11.11.3 Products and Services. 81

11.11.4 Financial Overview. 81

11.11.5 SWOT Analysis. 82

11.11.6 Key Developments. 83

11.12 Campus Labs. 84

11.12.1 Key Facts. 84

11.12.2 Business Description. 84

11.12.3 Products and Services. 85

11.12.4 Financial Overview. 85

11.12.5 SWOT Analysis. 86

11.12.6 Key Developments. 86

12. Appendix. 87

12.1 About The Insight Partners. 87

12.2 Word Index

LIST OF TABLES

Table 1. US Accreditation Management Software Market– Revenue and Forecast to 2027 (US$ Million) 31

Table 2. List of Abbreviation. 87

. 87

LIST OF FIGURES

Figure 1. US Accreditation Management Software Market Segmentation. 14

Figure 2. US Accreditation Management Software Market Overview. 15

Figure 3. Cloud Segment Dominated the Market in 2019. 16

Figure 4. Large Enterprises Segment Dominated the Market in 2019. 17

Figure 5. US PEST Analysis. 23

Figure 6. Ecosystem Analysis. 24

Figure 7. Expert Opinion. 25

Figure 8. US Accreditation Management Software Market: Impact Analysis of Drivers and Restraints. 29

Figure 9. US Accreditation Management Software Market– Revenue and Forecast to 2027 (US$ Million) 31

Figure 10. US Accreditation Management Software Market Breakdown, by Deployment Type (2019 and 2027) 32

Figure 11. US Cloud Market Revenue and Forecast to 2027 (US$ Million) 34

Figure 12. US On-premise Market Revenue and Forecast to 2027 (US$ Million) 36

Figure 13. US Accreditation Management Software Market Breakdown, by Enterprise Size (2019 and 2027) 38

Figure 14. US SMEs Market Revenue and Forecast to 2027(US$ Million) 40

Figure 15. US Large Enterprises Market Revenue and Forecast to 2027(US$ Million) 42

Figure 16. Impact of COVID-19 Pandemic in the US. 43

The List of companies - Accreditation Management Software Market

  1. Armature
  2. Compwalk
  3. Dossier Solutions
  4. Liaison International
  5. Qualtrax
  6. Softtech Health, LLC
  7. Spol
  8. Wizehive 
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the US accreditation management software market.

  • Highlights key business priorities in order to assist companies to realign their business strategies.

  • The key findings and recommendations highlight crucial progressive industry trends in the US accreditation management software market, thereby allowing players across the value chain to develop effective long-term strategies.

  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

  • Scrutinize in-depth US market trends and outlook coupled with the factors driving the market, as well as those hindering it.

  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.
TIPRE00025066
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