Enterprise Resource Planning For Schools Market 2019 Size, Trends, and Application with Top Key Players
The global enterprise resource planning for schools market was valued at USD 5.96 billion in 2017, and is expected to reach a value of USD 20.68 billion by 2023, at a CAGR of 16.17 %, during the forecast period. The scope of the report is segmented by deployment, like on-premise, cloud, hybrid, and functions, such as administration, payroll, academics, finance, transportation, and logistical operations. While the region considered in the scope of the report include North America, Europe, Asia pacific, Middle East & Africa, and Latin America.
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The global Enterprise Resource Planning For Schools market is consolidated, with top players accounting for the major share of the market demand. The top market players include Sap Se, Oracle Corporation, Microsoft Corporation, Netsuite Inc., Fedena, Scientechsoft, Profmax Business Solutions Pvt. Ltd., Serosoft Solutions, Datatel, Inc., And Candour Systems and Others.
Scope of the Report
Real Time Data Analytics is Driving the Market
Real-time data analytics provide the ability to control frequently changing situations and to see across the organization to understand the workflow. In large enterprises, from maintenance to procurement and even managing the database of single software, each IT hardware equipment introduces incalculable vulnerabilities. If these risks are multiplied by thousands and even millions of servers, computers, sensitive equipment, and other storage devices, the magnitude of the probabilities for security breaches, auditing mistakes, and mismanagement of manpower and other critical resources inflates exponentially. ERP software systems can play a vital role in reducing the complex situations in cases, like above.
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The Full Report Description and TOC:
Key Market Trends
Cloud Deployment Type Segment Has the Fastest Growth Rate
The growth of the cloud deployment type segment can be attributed to various advantages offered by this deployment, which include minimum cost deployment, easy integration, and no requirement of initial capital outlay for purchasing the software.
The North American Region is Estimated to Account for the Largest Share of the Market
Owing to increased demand for managing various academic processes. Adoption of ERP solutions in academic institutions has enabled administrators to manage their business processes, such as student billing, registration, and enrolments, effectively. IoT is predicted to undergo massive growth in Asia Pacific in the coming years, and rising mobile tools play a vital role in enabling the ERP software systems to grow. The advanced industry sector is highly metropolitan and varies considerably in its composition and depth across regions. Asia-Pacific region is significantly contributing towards the growth of the market, owing to the rapid adoption of various academic ERP solutions. However, the growth of the Asia Pacific market is fragmented, and many local players have been making contributions to this market, thereby resulting in the highly competitive ecosystem of the Asia-Pacific academic ERP market.
Key Developments in the Market
October 2017 – Oracle announced Oracle Student Management as the newest entry in the Oracle Student Cloud suite. Enhancing the traditional capabilities of student information systems (SIS), the offering transforms the student experience with new capabilities for student recruiting, engagement, support and management. With powerful built-in Artificial Intelligence (AI), machine-learning and predictive analytics, Oracle Student Management can proactively anticipate student needs, monitor progress and make suggestions when students appear to be at-risk or going off course.
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