Pune, India, Nov. 14, 2022 (GLOBE NEWSWIRE) — The world school management systems market the size is expected to increase over the forecast period due to the increasing adoption of virtual learning and the emphasis on developing quality education. Fortune Business Insight™ provides this information in an upcoming report entitled, “School Management System Market Forecast2022-2029″.
A school management system is a subdivision of ERP software that manages the information management system in educational institutions. This system is used as a multi-purpose application to manage student registration, grade and grade documentation, account management, and payroll administration. Growing technological advancements and adoption of e-learning are expected to drive the market over the projected period.
- May 2020: Jenzabar, Inc. introduced its Jenzabar One suite, which will enable competency-based education (CBE) programs.
- February 2020: Ellucian collaborated with OnePLM to enable the digital transformation of higher education specialists.
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The School Management System Market report provides factual insights into market growth and recent industry trends. Additionally, the drivers and restraints affecting the market growth and the impact of the COVID-19 pandemic are discussed further in this report. Further, insights into the regional market and dominant regional segment and its development scope are provided further. A list of major market players and their recent launches are featured later in this report.
Virtual learning concept to support market growth during the pandemic
The education sector has been heavily affected by the outbreak of the COVID-19 pandemic. Schools and colleges have been ordered to close to limit the spread of the virus and to follow guidelines provided by the government. These factors have encouraged the education sector to embrace virtual solutions and develop digital platforms to deliver classes and manage other operations. During the pandemic, educational institutions have started to adopt automated institute management systems and learning management systems, allowing schools and colleges to store student details, conduct examinations and report the results.
Market segmentation :
By component, the school management system market is split into software and services. Services are further categorized into consulting, implementation, support and maintenance.
Based on deployment, the market is divided into cloud and on-premises.
Based on application, the market is divided into student management, academic management, human resource management, financial and accounting management, store and purchasing management, and other applications.
Geographically, the market is categorized into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
| By component
| Per user
| By request
| By geography
Drivers and constraints:
Adoption of e-learning platforms to drive market growth
The school management system is attributed to dominate the education industry over the forecast period owing to the increasing adoption of the concept of e-learning. Additionally, technological advancements in the industry and availability of services are expected to fuel the growth of the market. Additionally, increasing government initiatives and R&D investments are expected to propel the growth of the market and increase the demand for these management systems.
However, lack of skilled professionals and financial limitations may hamper the market growth.
North America dominates the global market due to the adoption of emerging technologies
North America is expected to hold the highest global school management system market share during the forecast period. The dominance of the regional market is attributed to the growing use of advanced technologies and growing adoption of cloud-based learning management systems. Additionally, leading market players in the market are expected to drive the growth of the market.
Asia-Pacific is expected to experience rapid growth over the projected period due to the growing student population in the region. The region is expected to witness significant growth in the school management system market over the forecast period.
Launching a new product allows key players to improve their product portfolio
The major market players are focusing on expanding their businesses by implementing various business development strategies such as mergers, partnerships, acquisitions, and alliances. Also, companies plan to incorporate innovative product development and design ideas to enhance their product portfolio and attract global customers.
Companies Featured in the School Management System Market Report:
- Blackboard Inc. (USA)
- Skolaro (India)
- Oracle (US)
- Ellucian Company LP (USA)
- Foradian Technologies (India)
- Hobson (USA)
- Jenzabar Inc. (USA)
- PowerSchool (USA)
- Capita ESS Limited (UK)
- SGRG Core Solutions Pvt Ltd (India)
- Classter (Greece)
- Instructure Inc (USA)
- McGraw Hill (USA)
- OpenEduCat (USA)
- Cornerstone (US)
- EduWonka (Singapore)
- Campus 365 (India)
- EDRP (India)
- Schoology and Knewton Inc. (USA)
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