Education ERP Market Strategic Analysis & Forecast to 2028

(I-SoftwareNews.Com, October 22, 2021 )

Market Overview
Education ERP suites include integrated modules that conduct business operations for colleges, K-12 schools, and universities. In K-12 schools, Education ERP suites are utilized by employees in the district office to maintain the district's resources as a whole and office staff at individual schools.

Colleges and universities usually have employees in various offices who manage one or more aspects of an ERP system, including finance, financial aid, human resources, and academic advising. Blending these functions into a single integrated system streamlines the everyday operations of educational institutions, helps develop communication across departments, and breaks down data silos.

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Market Dynamics
The global education ERP market growth is driven by developing education systems towards more technologically advanced options and growing demand for automation.

Developing education systems towards more technologically advanced options

ERP solutions produced for education businesses enhance the efficiency of planning, designing, and operating educational resources. Implementing an ERP system can further develop the effectiveness of various education processes and improve stakeholders' and student-centric associated services.

ERP software is the ideal digital solution for exam information, fees accounts, managing staff, web portals, information systems, and library books. The system gives complete control over all the exercises in educational institutes.

Various educational institutes have recently shown interest in the EPR systems. For instance, In 2021, Tyler Technologies, Inc. has announced that New Hanover County Schools, located in North Carolina, will now go live on Tyler's Munis enterprise resource planning solution within North Carolina's School Business System Modernization program.

Tyler's Munis ERP solution was selected to the North Carolina K-12 schools master services agreement as an approved vendor through an agreement with the Department of Public Instruction's Education Business Systems Advisory Committee.

Market Segmentation:
By Application
• Finance and Accounting Management
• Student Management
• Academic Management
By End-User
• Higher Education
• Kindergarten
• K-12
By Deployment Type
• Cloud-based
• On-Premises

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Geographical Analysis
The substantial rise in the number of colleges is raising the need for education ERP in the Asia-Pacific region

Asia-Pacific region holds the significant market share for the education ERP market globally and is expected to hold the significant market share in the forecast period. ERP solutions have widely been adopted in this region to explore the potential of innovative learning methodologies.

Accelerated economic growth and modifying technologies in the education ERP field lead to the fastest-growing education market in the region. The region has witnessed a substantial rise in the number of private colleges, growing demand for operational transparency, effectiveness in the education sector, and high engagement among academic institutions to obtain grants to improve educational quality have been boosting the market demand in the region. The education ERP market is currently in the development stages, offering lucrative opportunities for all market participants in the coming years.

Various latest initiatives have been taken on the national level to develop the new educational foundations in the countries. For instance, in 2021, the Enterprise Resource Planning software developed and largely used by IIT Kharagpur, India will be adopted by IIT Ropar and IIT Jodhpur for institutional use. IIT Kharagpur has signed MoU with the IITs to install, customize and deploy the ERP system.

Competitive Landscape
The education ERP market is moderately competitive, with companies focusing on providing numerous services to the school, including academics, administrative, finance, infrastructure and communication. Global companies are forming partnerships with leading schools and colleges to leverage them with updated software.

Some of the key players contributing to the market's growth are Blackbaud, ERPNext, Focus Softnet, Microsoft Corporation, Oracle Corporation, Lighthouse Info Systems, Brainvire, Focus Softnet, Infor, Edumarshal, Ellucian, Entab, and others. The players are adopting various new strategies to dominate the market, such as acquisitions, launching new services, and collaborations, contributing to the global growth of the education ERP market.

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DataM Intelligence

Sai Kiran

+1 877 441 4866

pr@datamintelligence.com

Source: EmailWire.Com

Source: EmailWire.com

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Education ERP Market Strategic Analysis & Forecast to 2028