October 22 2019
The school management system is a part of enterprise resource planning software mainly used for educational institutions to manage all types of information management systems. It used for various applications including student registration, documentation of grades and analytical marks of each student, payroll management, accounting management, and other applications. Moreover, the student management system covers the overall information of educational institution that includes administration management system, academic management system, and financial management.
With the advancement of technology, the educational institutions are rapidly transforming and adopting the cloud-based software offers with better accessibility features portals. Notably, most of the advancements have been taken place in advanced economies such as the US, Canada, and Western and Central European countries. However, due to lack of human resources, financial constraints, limited options for customization, and lack of expertise are some of the challenges that hinder the growth of the market during the forecast period.
The Global School Management System Market was valued at USD 8.5 billion in 2018; it is expected to reach USD 25.7 Billion by 2025 with a CAGR of 17.7% during the forecast period, 2019–2025.
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The global school management system market has been segmented based on component, deployment model, application, end-user, and region.
The key players in global school management system market are identified by MRFR include McGraw-Hill Education (US), Capita SIMS (UK), Cornerstone (US), Foradian Technologies (India), PowerSchool (US), Skolaro (India), Oracle Corporation (US), Ellucian Company L.P (US), Hobsons (US), Jenzabar, Inc (US), Classter (Greece), Instructure, Inc (US), Schoology (US), Blackboard, Inc (US), and Knewton, Inc. (US).
Detailed Regional Analysis
By region, the global school management system market has been segmented into North America, Europe, Asia-Pacific, the Middle East and Africa, and South America.
North America accounted for the largest market in 2018. The region is driven by the US and Canada owing to the early adoption of cloud-based student information systems and the presence of a number of vendors offering enhanced ERP solutions that include Oracle Corporation, Blackboard Inc and Cornerstone.
Asia-Pacific gained the second spot in the school management system market due to the increasing number of startups offering student management software in the emerging economies that include China and India and surge in adoption of virtual learning solution that enables the universities, schools, and colleges to strengthen their education techniques and excel the students' performances.
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