School Management System Market Advancement, Target Audience, Growth Prospects Predicted by 2027
Market Highlights
According to
MRFR analysis, the Global School Management System Market was valued USD 8.5
billion in 2018 and is expected to reach USD 25.7 Billion by 2025 with a CAGR
of 17.7% during 2019–2025. Factors driving the growth of the market include
rising government initiatives in the education sector, rise in adoption of
cloud-based ERP solutions, and an increase in need for video-based applications
by academic institutions. On the other hand, limited availability for the
customization and financial constraints are hindering the growth of the school
management system market during the forecast period.
COVID-19 Analysis
Lockdowns have been imposed all over the world to curb
the spread of the COVID-19 outbreak, with the pandemic negatively impacting the
worldwide school education. SARS-CoV-2, given its unprecedented spread across
countries has deeply influenced the education sector. However, the hardest hit
has been the countries with high drop-out rates, low resilience to unexpected
events and lower learning outcomes. With this, the need for academic management
system, financial management and administration management system across
schools has risen considerably to manage all the information.
On the bright side, post the onset of the novel
coronavirus, governments have come up with online and digital education modes
and have also given subsidy to private schools, and more. A number of schools
are making extensive use of tools such as Microsoft Teams to conduct online classes.
In the given scenario, the deployment of school management systems has
increased, as they help make the communication between parents and teachers
easier and smoother. With these systems, teachers are able to keep the parents
updated regarding the content being covered in online lectures. Educators are
able to their provide access to e-notes, quizzes, games, video-based
micro-courses and e-books. With the increasing prevalence of online education,
it is anticipated that the school management system market can note continuous
growth even when the pandemic crisis gets over.
Key Drivers and Main Restraints
With technology-based developments, educational
institutions are increasingly using cloud-based services and software that
provide advanced accessibility features. Notably, the majority of the mentioned
developments have occurred in developed countries like Canada, the US, along
with the Central and Western European economies. Therefore, the increasing
consumption cloud services can be a significant trend that could enhance the
growth of the school management system market in the years to come.
Furthermore, the online school management software
market is gaining high prominence, given the shift from traditional ways of
teaching to the digital aspects of smart class rooms. The online mode of school
management is transforming the education sector, with the surge in the
deployment of services and solutions that help manage the workflow and
databases.
In June 2020, Rediker Software launched its latest
online admissions and enrollment management system called AdmissionsPlus. This
system helps streamline all the centralized enrollment requirements, offers a
web-based application along with a simplified admissions process for private,
independent charter and public schools. The increasing
popularity of online portals and cloud-based services has been leveraged by the
leading market players who are increasingly launching advanced software and
services to cater to the evolving customer needs and demands. These types of
product innovations and launches not only boost the company’s profits but also
benefit the school management system market to a large extent.
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Segmentation:
The global school management system market has been
segmented based on component, deployment model, application, end-user, and
region.
By component, the global school management system
market has been bifurcated into solutions and services. Furthermore, based on
services, the school management system market has been subdivided into
professional services and managed services. The professional services segment
has been categorized into consulting and implementation services and training
and development services. The solution segment accounted for the larger market
share in 2018. The market growth is attributed to increasing adoption of
cloud-based ERP solutions in educational institutions. On the other hand, the
services segment is anticipated to exhibit a higher CAGR during the forecast
period.
By deployment model, the market has been segmented
into cloud and on-premise. The cloud segment is presumed to be the higher
growth rate in the market owing to the availability of seamless cloud-based
solutions that can be easily integrated with various applications such as
administrative management and financial management segments. However, the
on-premise segment is being still preferred over the cloud solution owing to
security concerns.
Based on application, the market has been segmented
into an administration management system, academic management system, learning
management systems, and financial management systems. Furthermore, the
administration management system has been categorized into institute
management, student management, staff management, library management,
inventory, and transportation management system. Also, the financial management
segment has been further categorized into fee management, accounting
management, and payroll management. The administration segment accounted for
the largest share in 2018 owing to the increasing need for automated business
procedures in academic institutions. Whereas, the learning management system
segment is expected to exhibit the highest CAGR during the assessment period.
Based on end-user, the global school management system
market has been categorized into schools, universities, community colleges, and
others. The university segment accounted for the largest market share in 2018
owing to the rising adoption of automated student information system. However,
the schools' segment is presumed to register the highest CAGR during the
forecast period.
Regional Insight
The global school management system market has been
categorized on the basis of geography into North America, Europe, Asia-Pacific,
the Middle East and Africa, and South America.
MRFR confirms that in 2018, North America stood at the
top position and can continue to reign over the global market throughout the evaluation
period. The chief growth boosters include the rising adoption of cloud learning
management systems and services along with the presence of a massive number of
leading vendors like Ellucian Company L.P, Jenzabar Inc. and Oracle
Corporation. It is believed that the increasing uptake of predictive analytics
in the education industry is also inducing major industry growth in Canada and
the United States.
The fastest expansion rate can be procured by the APAC
market, given the expanding pool of vendors that offer school management system
and ERP based solutions to public as well as private schools along with
management schools. Additionally, the rising use of advanced technologies in
the education field and the increasing backing from the government that has
boosted free education also stimulate business expansion in the region.
Leading Vendors
MRFR has listed the leading vendors in the school
management system industry, namely Foradian Technologies (India), Oracle
Corporation (US), PowerSchool (US), Hobsons (US), Blackboard, Inc (US), Skolaro
(India), Capita SIMS (UK), Schoology (US), Jenzabar, Inc (US),
Cornerstone (US), Ellucian Company L.P (US), Instructure, Inc (US),
Classter (Greece), Knewton, Inc. (US), McGraw-Hill Education (US), and more.
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School Management System Market Research Report: by Component
[Solution, Services [Professional Services (Implementation Services, Training
and Development Services), Managed Services], Deployment Mode (Cloud,
On-Premise), Application [Administration Management System (Institute
Management, Student Management, Staff Management, Library Management, Inventory
and Transportation Management System), Academic Management System, Learning
Management System, Financial Management System (Fee Management, Accounting
Management and Payroll Management)], End User (Schools, University, Community
College and others) and by Region (North America, Europe, Asia-Pacific, Middle
East and Africa and South America) - Forecast till 2025
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