Nov 08, 2019 (Heraldkeepers) -- School Management System Market Highlights
The global school management system market was valued at USD 8.5 billion in 2018 and is anticipated to reach USD 25.7 billion by 2025 growing at a CAGR of 17.7% during the forecast period.
School Management System Market has been segmented based on component, deployment mode, application, end user, and region.
By component, the global school management system market has been bifurcated into solutions and services. Furthermore, based on services, the school management system market has been sub-categorized into professional services and managed services. The professional services segment has been sub-segmented into consulting and implementation services and training and development services. The solution segment dominated the market in 2018 whereas the services segment is presumed to exhibit higher CAGR during the forecast period.
By deployment mode, the market has been divided into cloud and on-premise. The cloud segment is anticipated to be a higher growth rate in the market during the forecast period. On the flip side, the on-premise segment is expected to dominate the market. However, the cloud solution is expected to lead the market during the forecast period.
Based on application, the market has been categorized into administration management system, academic management systems, learning management systems, and financial management systems. Furthermore, the administration management system has been further sub-segmented into institute management, student management, staff management, library management, inventory and transportation management system.
Based on end user, the global school management system market has been categorized into schools, universities, community colleges, and others. The university segment accounted for the largest market share in 2018. However, the schools segment is anticipated to register the highest CAGR during the review period.
The geographical analysis of the global school management system market has been done for North America, Europe, Asia-Pacific, the Middle East and Africa, and South America.
North America accounted for the largest market share in the school management system market; this growth can be attributed to the presence of tier I vendors and the adoption of predictive analytics in education system. Additionally, the US is expected to dominate the market owing to increasing adoption of cloud-based learning management solutions by the educational institutes.
The market in Asia-Pacific is expected to be the fastest-growing from 2019 to 2025. The regional market has been classified as China, Japan, India, Australia, South Korea, Singapore, and the rest of Asia-Pacific. China accounted for the largest market share in 2018 and is expected to continue to dominate the market due to the adoption of a cloud-based school management system. Additionally, India is expected to witness the fastest growing market for school management system attributed to the increasing number of government initiatives through the Digital India platform to transform and digitalize the education sector.
MRFR identifies some of the key players in the school management system market including Knewton, Inc. (US), McGraw-Hill Education (US), Instructure, Inc (US), Schoology (US), Blackboard, Inc (US), Ellucian Company L.P (US), Hobsons (US), Foradian Technologies (India), PowerSchool (US), Capita SIMS (UK), Cornerstone (US), Skolaro (India), Oracle Corporation (US), Jenzabar, Inc (US), and Classter (Greece) .
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