About Education ERP
ERP (Enterprise Resource Planning) system is process management that has been helping major organizations to integrate business management with the support of various automated functions. ERP automation system reduces back-office processes and also cuts the total time required for admissions to some extent. The key benefits involved with such system include improved efficiency, cost-effective advantages, and data security. . Further, increasing Demand for Video-Based Learning methods to modify primary and secondary Education and need of automated management to carry out business processes in academic institutions is expected to foster the education ERP market in the forecast period.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 13.25% |
The Education ERP market remains highly fragmented with the presence of market leaders such as Ellucian, Oracle, SAP, and Microsoft who holds the major market share of the ERP system. Moreover, the advancements, innovation & the quality of ERP system remains a major differentiating factor among larger players, however, the quality of service and costs remain a major concern for smaller players. Additionally, the competitive threat is a crucial part of the global education ERP market. The market is expected to witness robust growth on a global level as the market players are still far away from tapping into several potential opportunities. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Education ERP market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Blackbaud (United States), Oracle Corporation (United States), Dell (United States), Epicor Software Corporation (United States), Ellucian (United States), Jenzabar (United States), Foradian Technologies (India), Unit4Software (Netherlands) and Ultra Consultants, Inc., (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Education ERP market by Type (Cloud and On-premise), Application (Kindergarten, K-12 and Higher Education) and Region.
On the basis of Type, Cloud are dominating the market in the year 2023On the basis of application, Higher Education segment is dominating the market in the year 2023On the basis of geography, the market of Education ERP has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Asia Pacific, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Services, the sub-segment i.e. Implementation will boost the Education ERP market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment, the sub-segment i.e. Cloud will boost the Education ERP market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Solution will boost the Education ERP market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Solution, the sub-segment i.e. Student Information System will boost the Education ERP market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing usage of Digital Technologies such as Online Banking, Web based Services, Online Education Courses and Growing Number of Educational Institutions & Increasing Adoption of Cloud Based Education ERP Services
Market Growth Drivers:
Increasing Demand for Smart Education System with Advanced Softwares, Rapid Urbanization in Emerging Economies and Demand for Internet Enabled Devices among Consumers
Challenges:
Low Level of Customization, Relocation of the Data in Case of Implementation of New ERP System and Difficulties in Implementation within Decentralized Organizations
Restraints:
Lack of Awareness Regarding the Management of Data Security and the Benefits of ERP products
Opportunities:
Shift in e-learning Models, leading to Exponential Demand for Connected Devices and Owing to High Adoption of Technology in Education Sector
Market Leaders and their expansionary development strategies
On September 5, 2023, Anthology Inc., a leading higher education technology company, merged with Ellucian, another prominent player in the sector. The combined entity creates a powerhouse in the higher education ERP space.
On December 12, 2023, Jenzabar, an ERP provider for higher education institutions, launched its new AI-powered student success platform. The platform uses AI to identify students at risk and provide them with targeted support.
The Education ERP systems demand to be compliant with assured federal laws like the Family Education Rights and Privacy Act (FERPA), which makes them secure but also expensive at the same time. and The FERPA federal law governs access to educational information and records by public entities such as potential employers, publicly funded educational institutions, and foreign Governments.
Key Target Audience
Education ERP Service Providers, Educational Institutions, Potential Investors, Industrial Associations, Marketing and Consulting Firms, Downstream Vendors and Government and Regulatory Bodies
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.