Education ERP Global Market Report 2024

The global education erp market has grown rapidly in recent years. It will grow from $15.66 billion in 2023 to $17.97 billion in 2024 at a compound annual growth rate (CAGR) of 14.8%. The growth observed in the historical period can be attributed to factors such as increased data vulnerabilities, the need for securing student information systems (SIS), protection of financial data, challenges related to user authentication, and a rise in cybersecurity threats.

The global education erp market is expected to see rapid growth in the next few years. It will grow to $31 billion in 2028 at a compound annual growth rate (CAGR) of 14.6%. The anticipated growth in the forecast period can be attributed to the adoption of enhanced communication and collaboration tools, an increased focus on user education and awareness, the implementation of personalized learning paths, the development of incident response planning, the globalization of cybersecurity threats, and the adoption of the zero trust security framework. Key trends expected in this period include the digital transformation in education, the adoption of cloud-based Education ERP solutions, the integration of Learning Management Systems (LMS), the use of data analytics for informed decision-making in education, the widespread adoption of artificial intelligence (AI) and chatbots, and the management of e-learning content through advanced content management systems.

The increasing adoption of digital technologies in educational institutes is a key driver propelling the growth of the education ERP market. Digital education, encompassing technology-enhanced learning and e-learning, has spurred the adoption of education ERP systems in educational institutions. These systems efficiently manage internal and external resources, overseeing processes such as library management, fee payments, transportation logistics, course and curriculum management, student enrollment and administration, exams, results, and employee management. A notable example is CollPoll's NEP Survey 2022 findings, where over 95% of educational institutions identified technology as a primary facilitator, with more than 56% emphasizing the ease of letting students design their degrees through technological integration. Consequently, the surge in digital technology usage in educational institutes is a driving force behind the growth of the education ERP market.

The widespread adoption of cloud-based solutions is playing a pivotal role in propelling the growth of the education ERP market. Cloud-based ERP systems, hosted on remote servers and accessible via the internet, offer centralized control for managing various administrative tasks in educational institutions. The advantages of handling substantial data across multiple departments make cloud-based solutions particularly valuable for these institutions. According to a survey report by the Capgemini Research Institute, 38% of firms plan to use a public or hybrid cloud environment, showcasing the growing preference for cloud-based solutions. This adoption trend contributes significantly to the expansion of the education ERP market.

Product innovation emerges as a key trend shaping the education ERP market. Major players in the market are actively introducing innovative products to streamline and automate entire workflows. For instance, TechDost Services Pvt Ltd introduced Vedmarg, a cloud-based school management system, featuring 80+ modules for various administrative activities in educational institutions. The unique features include admission registration, fee management, attendance tracking, report generation, exam timetables, and more. This emphasis on product innovation aligns with the market's goal of providing comprehensive solutions to educational institutions, fostering efficiency and effectiveness in their operations.

Major companies operating in the education ERP market are focusing on product innovations like virtual hubs to further enhance their offerings. Virtual hubs, serving as non-physical central connecting points for various networks or systems, are being leveraged to bridge academic curriculum and career options. Oracle's launch of the Oracle Academy Career Center is a notable example. This virtual hub is a collaborative effort, integrating professional training and cloud-based courses traditionally accessible only to professionals into the academic curriculum. The Oracle Academy Career Center facilitates global learners in establishing connections between academic learning and career pathways, providing opportunities for professional training and Oracle certifications. This strategic focus on virtual hubs signifies a transformative trend in the education ERP market.

In March 2022, Practically, an India-based experiential learning app, successfully acquired Fedena from Foradian Technologies Pvt. Ltd. for an undisclosed amount. This strategic acquisition positions Practically as the world's first EdTech company to offer a comprehensive end-to-end product suite for schools. Foradian Technologies Pvt. Ltd. was an India-based provider of education ERP solutions for educational institutes.

Major companies operating in the education ERP market report are SAP SE, Oracle Corporation, Ellucian Company L.P., Blackbaud Inc., Unit4 N.V., ERPNext, Focus Softnet Pvt. Ltd., Microsoft Corporation, Lighthouse Info Systems, Brainvire, Infor, Foradian Technologies, Jenzabar Inc., MyClassCampus, NetSuite Inc., OpenEduCat Inc., Workday Inc., Epicor Software Corporation, The Sage Group PLC, Acumatica, Deltek Inc., Plex Systems, IQMS, Rootstock Software Inc., SYSPRO Technologies, QAD Inc., IFS AB, Ramco Systems Ltd., Aptean, and PowerSchool Holdings.

North America was the largest region in the education ERP market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the education erp market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the education erp market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The main components of education ERP include software and services. Software encompasses a set of guidelines, information, or programs utilized to operate computers and perform specific tasks. It facilitates real-time data recording, automates fee payments, and streamlines admission procedures. Education ERP solutions can be deployed either on the cloud or on-premises, offering functionalities for student management, academic management, human resource management, finance and accounting management, stores and procurement management, among others. The end users of education ERP systems include both higher education institutions and KG-12 schools.

This report provides education ERP market statistics, including education ERP industry global market size, regional shares, competitors with an education ERP market share, detailed education ERP market segments, market trends and opportunities, and any further data you may need to thrive in the education ERP industry. This education ERP market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The education ERP market includes revenues earned by entities by education ERP solutions, pre installation and post installation services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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