The Worldwide Education ERP Industry is Expected to Reach $32.3 Billion by 2028

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Jun 17, 2022, 10:45 ET

DUBLIN, June 17, 2022 /PRNewswire/ -- The "Global Education ERP Market Size, Share & Industry Trends Analysis Report By Component, By Application, By Deployment Model, By End User (Higher Education and K-12), By Regional Outlook and Forecast, 2022-2028" report has been added to ResearchAndMarkets.com's offering.

The Global Education ERP Market size is expected to reach $32.3 billion by 2028, rising at a market growth of 14.2% CAGR during the forecast period.

Enterprise resource planning (ERP) is a process management software that allows enterprises to combine business management with a variety of automated operations. The education ERP aids in the automation of admissions, the reduction of back-office processes and time spent on the admissions process. Education ERP's main advantages include increased efficiency, cost-effectiveness, and data security.

It automates the fee collecting process by automatically categorizing the money collected and keeping track records of all cost structure aspects, such as amounts paid for entry, tuition, books, labs, and so on, to keep students completely informed and up to date about their fee status. Additionally, the technology solution aids in the generation of automated notifications ensure that kids or their parents are notified on time, utilizing the most appropriate forms of communication.

Installing an ERP system for an educational institution is cost-effective. The feature-rich application assists in minimizing manual activities associated with critical methods of school administration, such as payroll, admission, fee collections, and others, in order to reduce the number of man-hours and save money. The money spent might be put towards important educational aims.

There are numerous ERP modules for educational institutions depending on their distinct demands, it provides personalized portals so that all stakeholders may access the notifications, information, and updates that are important to them. Students can use these portals to check uploaded assignments, upload completed work, see class schedules or timetables, test timetables, pay fees or bills for other activities, fill out forms or submit requested details, and anything else that is needed.

COVID-19 Impact Analysis

The outbreak of COVID-19 has had a negative impact on several industries in the last five months. Students, professors, and staff have been affected by the closing of educational institutions, which has had societal and economic ramifications. Higher education and its students will be the hardest hit by these events, given their key career decisions are based on what they learn in higher education classes. Automated institute management systems, such as student information systems and learning management systems, will be required tools for institutions to prepare for any circumstances in the coming years.

Market Growth Factors

Presence of cloud based ERP solutions

ERP technologies have increased the operational effectiveness of numerous academic institutions, giving them a competitive advantage. Traditional data management approaches and processes are being replaced by cloud-based ERP solutions. The scalability, privacy, and control of data are all improved with a cloud-based ERP solution. It also provides administrators with real-time access, it allows them to make quick and well-informed decisions. Academic institutions face problems from rising operational complexity and quick changes in business strategies. As a result, ERP solutions were adopted in a variety of academic institutions, reducing the stress on administrators by allowing them to effectively synchronize and manage numerous business activities.

Efficiency Due to Automation & Streamlining of Recruitment Process

Automation features in the education ERP package also minimize the amount of human labor required for routine operations, such as pulling data from many systems utilized by different departments. All school departments, such as administrative, infrastructure, finance, academics, and communication, are connected through ERP software. It secures information exchange between departments and ensures that all data is collected in a centralized computer that can be accessed at any time. Certain organizations are also required to provide detailed reports to regulating authorities, which are generally done manually and take time.

Market Restraining Factors

Lack of Awareness about Education ERP and its High Costs

Most educational establishments and faculties across the world have obstacles in implementing ERP approaches in their educational systems. The public in various developing nations is still unaware of the benefits of using education ERP solutions. Several academic institutions are still unaware of how education ERP systems can help them handle data safely and with maximum flexibility, limiting the Market 's growth. Furthermore, the expensive cost of implementing ERP solutions is a key stumbling block to Market expansion. Some school systems are aware of ERP technology, but due to the high cost of ERP, they are finding it difficult to apply these solutions.

Key Topics Covered:

Chapter 1. Market Scope & Methodology

Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints

Chapter 3. Competition Analysis - Global
3.1 Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Geographical Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.3.2 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2018, Jan - 2021, Oct) Leading Players

Chapter 4. Global Education ERP Market by Component
4.1 Global Software Market by Region
4.2 Global Services Market by Region

Chapter 5. Global Education ERP Market by Application
5.1 Global Student Management Market by Region
5.2 Global Academic Management Market by Region
5.3 Global Human Resource Management Market by Region
5.4 Global Finance & Accounting Management Market by Region
5.5 Global Stores, Procurement Management & Others Market by Region

Chapter 6. Global Education ERP Market by Deployment Model
6.1 Global On-premise Market by Region
6.2 Global Cloud Market by Region

Chapter 7. Global Education ERP Market by End User
7.1 Global Higher Education Market by Region
7.2 Global K-12 Market by Region

Chapter 8. Global Education ERP Market by Region

Chapter 9. Company Profiles
9.1 Microsoft Corporation
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expenses
9.1.5 Recent strategies and developments:
9.1.5.1 Partnerships, Collaborations, and Agreements:
9.1.5.2 Product Launches and Product Expansions:
9.2 Oracle Corporation
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Research & Development Expense
9.2.5 Recent Strategies and developments:
9.2.5.1 Acquisitions and Mergers:
9.2.5.2 Product Launches and Product Expansions:
9.2.6 SWOT Analysis
9.3 SAP SE
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expense
9.3.5 Recent Strategies and developments:
9.3.5.1 Partnerships, Collaborations and Agreements:
9.3.5.2 Product Launches and Product Expansions:
9.3.6 SWOT Analysis
9.4 Workday, Inc.
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Regional Analysis
9.4.1 Recent Strategies and developments:
9.4.1.1 Partnerships, Collaborations and Agreements:
9.4.1.2 Acquisitions and Merger:
9.5 Infor, Inc. (Koch Industries)
9.5.1 Company Overview
9.5.2 Recent Strategies and developments:
9.5.2.1 Partnerships, Collaborations and Agreements:
9.6 Brainvire Infotech, Inc.
9.6.1 Company Overview
9.6.2 Recent Strategies and developments:
9.6.2.1 Partnerships, Collaborations and Agreements:
9.6.2.2 Geographical Expansions:
9.7 Serosoft Solutions Pvt Ltd. (The Hindustan Group)
9.7.1 Company Overview
9.8 Unit4 N.V. (Advent International)
9.8.1 Company Overview
9.8.2 Recent Strategies and developments:
9.8.2.1 Partnerships, Collaborations and Agreements:
9.8.2.2 Acquisitions and Mergers:
9.8.2.3 Product Launches and Product Expansions:
9.9 Ellucian Company L.P.
9.9.1 Company Overview
9.9.2 Recent Strategies and developments:
9.9.2.1 Partnerships, Collaborations and Agreements:
9.9.2.2 Acquisitions and Mergers:
9.9.2.3 Product Launches and Product Expansions:
9.10. Jenzabar, Inc.
9.10.1 Company Overview
9.10.2 Recent Strategies and developments:
9.10.2.1 Partnerships, Collaborations and Agreements:
9.10.2.2 Product Launches and Product Expansions: