New York, U.S., Oct. 26, 2021 (GLOBE NEWSWIRE) — Market Overview:
According to a comprehensive research report by Market Research Future (MRFR), “School Management System Market information by deployment mode, by components, by application and by region – forecasts until 2027“The market size is expected to grow at a compound annual growth rate of 17.7% to reach USD 8.5 billion by 2025.
School management systems enable education leaders to drive success and stay ahead in the learning industry by helping them adapt to regulatory changes and streamline operations by automating tasks banal and complex operations. These solutions also help employees, parents, and students exchange critical information and build valuable relationships.
Due to recent coronavirus crises and lockdown and social distancing mandates, there is an increasing need for schools to adopt online school management software. Schools are striving not only to move to a SaaS environment for finance, HR, and payroll, but also to increase their engagement with parents, provide more detailed reporting, and create more efficient and seamless administrative systems. paper. With the COVID 19 disruptions expected to continue for few years, the market is expected to gain significant traction across the globe in the coming years.
The Dominant Key Players in the School Management System Market Covered Are:
- Skolaro (India)
- Blackboard Inc (USA)
- Oracle Corporation (USA)
- Foradian Technologies (India)
- Ellucian Company LP (USA)
- Hobson (USA)
- PowerSchool (USA)
- Jenzabar Inc (USA)
- Capita SIMS (UK)
- Instructure Inc (USA)
- Classter (Greece)
- McGraw-Hill Education (USA)
- Schoology (USA)
- Cornerstone (US)
- Knewton Inc. (USA)
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Online school management software shares each school’s vision for the next stage of growth. These solutions complement the mission and investments of the school enterprise by reinforcing its commitment to service excellence for education.
Web-based management information systems offering a range of reporting and engagement tools are used by many people involved in a school, from data administrators and staff to students and parents. These modules handle all aspects of school administration, including admissions, academic reporting and tracking, examinations, welfare, communication, HR, billing and fee accounting, helping them run effectively.
Exclusively encompassed USP market:
School Management System Market Drivers
School management solutions are rapidly being implemented in schools around the world to better manage their operations while improving collaboration, productivity and simplifying learning requirements. With advancements in technology, educational institutions are rapidly transforming and adopting cloud-based software that provides better accessibility to portal features.
Additionally, increasing investment by schools in deploying modern student and staff management and financial management solutions is accelerating the growth of the market. The proliferation of smart mobile devices, such as smartphones, laptops, and tablets, along with improved networking technologies such as Wi-Fi and broadband, are creating substantial demand in the market.
Investments in cloud-based school management system infrastructure to gain increased control over the entire learning management suite is increasing the market size. Notably, most of the advancements have been adopted by developed regions, such as the Americas and Europe.
On the other hand, lack of human resources, financial restraints, limited customization options, and expertise are major challenges expected to hamper the market growth. Nevertheless, the growing demand for online school management solutions would support the market growth throughout the considered period.
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Market Segmentation Covered by Research:
The school management system market is segmented into components, applications, deployment modes, end users, and regions. The component segment is divided into solutions and services. The sub-segment service is categorized into professional services and managed services. The professional services segment is further divided into consulting and implementation services and training and development services.
The deployment mode segment is sub-segmented into cloud and on-premises. The applications segment is sub-segmented into administrative management systems, academic management systems, learning management systems and financial management systems.
The administration management system segment is further classified into institute management, student management, personnel management, library management, inventory, and transportation management system. Likewise, the financial management segment is further classified into expense management, accounting management, and payroll management. The end user segment is sub-segmented into schools, universities, community colleges and others.
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North America dominates the global school management system market. The greatest growth of the market is attributed to the increasing adoption of school management system solutions and services and the early adoption of technologies such as cloud computing, machine learning and artificial intelligence.
Additionally, increasing adoption of cloud-based learning management systems to improve operational efficiency is driving the school management software market share in the region. The presence of key technology vendors in the region such as Oracle Corporation, Ellucian Company LP, and Jenzabar, Inc. justifies the size of the market.
Europe ranks second in the global market for school management systems. Market growth is driven by increasing adoption of school management software and online school management software. Additionally, the growing demand for cloud-based deployment models in the region is contributing to the growth of the school management system market.
Asia-Pacific has emerged as a profitable market for school management solutions globally. The rise of technology vendors offering ERP-based solutions for universities, public and private schools, and management schools is positively impacting the growth of the market.
With an increasing number of schools seeking to automate their operations management systems, the regional market presents immense opportunities for revenue growth. Additionally, the proliferation of cloud technology, along with growing strategic partnerships and investments by players operating in the region, are influencing the growth of the market.
Impact of COVID-19 on the Global School Management System Market
The outbreak of the COVID 19 pandemic has had a positive impact on the school management system market. Lockdown, physical distancing mandates and safety protocols imposed to control the spread of COVID 19 have forced schools around the world to embrace e-learning/virtual classroom setup. This, therefore, has increased the adoption of online school management solutions to manage the full range.
Distance learning assignments have demonstrated the importance of an online school management system to manage students, teachers, and classes in real time and with accurate information.
With Covid-19 disruptions set to continue, many schools have identified the need to improve staff time, student attendance and lesson planning processes. As a result, the online school management software market is expected to grow rapidly across all sizes of schools with an increase in school management system implementations.
The school management system market is witnessing significant product launches and the implementation of several strategic approaches, such as expansion, collaboration, mergers and acquisitions, and product launches. Industry leaders make strategic investments in research and development activities and drive their expansion plans.
For example, recently, on October 20, 2020, IRIS Software Group, a leading software company, announced the acquisition of iSAMS, a fully integrated online school management platform to expand its educational footprint in the UK, in the United States and internationally. markets. IRIS, combined with its large customer base, investments in cloud technology and industry expertise, iSAMS would be in the next phase of growth.
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