The global school management system market size is expected to grow from USD 15.5 billion in 2021 to USD 55.176 billion by 2030, at a CAGR of 17.20% during the forecast period (2022-2030). The market is being driven by the rising government initiatives in the education sector, the rise in the adoption of cloud-based ERP solutions, and the increasing need for video-based applications by academic institutions.
Rising Government Initiatives in the Education Sector
Governments around the world are increasingly investing in the education sector, which is driving the adoption of school management systems. These systems help governments to improve the efficiency and effectiveness of their education systems by providing them with real-time data on student performance, teacher attendance, and school finances.
Rise in Adoption of Cloud-Based ERP Solutions
Cloud-based ERP solutions are becoming increasingly popular among schools due to their cost-effectiveness, scalability, and ease of use. These solutions offer a wide range of features that can help schools to improve their administrative, financial, and academic operations.
Click on Right here to Get Pattern Premium Report at:
https://www.marketresearchfuture.com/sample_request/8398
Increasing Need for Video-Based Applications
The increasing need for video-based applications in the education sector is also driving the growth of the school management system market. These applications can be used for a variety of purposes, such as delivering lectures, conducting online classes, and providing tutoring services.
Segmentation of the Market
The global school management system market can be segmented on the basis of component, deployment model, application, end-user, and region.
By Component
The market can be segmented into solutions and services. The solutions segment is expected to account for the larger market share during the forecast period. This is due to the increasing demand for comprehensive and integrated school management solutions that can help schools to improve their efficiency and effectiveness.
By Deployment Model
The market can be segmented into on-premises and cloud-based. The cloud-based segment is expected to grow at a faster rate during the forecast period. This is due to the increasing preference for cloud-based solutions due to their cost-effectiveness, scalability, and ease of use.
By Application
The market can be segmented into academic management, finance management, human resources management, and others. The academic management segment is expected to account for the larger market share during the forecast period. This is due to the increasing demand for solutions that can help schools to improve their academic operations, such as tracking student performance, managing attendance, and scheduling classes.
By End-User
The market can be segmented into government schools, private schools, and others. The government schools segment is expected to account for the larger market share during the forecast period. This is due to the increasing government initiatives in the education sector.
By Region
The market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to account for the largest market share during the forecast period. This is due to the early adoption of technology in the education sector in the region.
Key Players
Some of the key players operating in the global school management system market are:
Oracle Corporation
SAP SE
Infor
Newgen Software Technologies Limited
Ellucian
Jenzabar
Tyler Technologies
Skyward
Infinite Campus
Blackboard
These players are focusing on expanding their product portfolio, investing in research and development, and acquiring smaller players to gain a competitive edge in the market.
Top Trending Reports:-
Performance Analytics Market Research Report- Global Forecast 2030
Statistical Analytics Market Research Report - Global Forecast 2030
Conclusion
The global school management system market is expected to grow at a significant rate during the forecast period. The growth of the market is being driven by a number of factors, such as the rising government initiatives in the education sector, the rise in adoption of cloud-based ERP solutions, and the increasing need for video-based applications by academic institutions.
