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Education ERP Market to Reach USD 75.84 Billion by 2032| SNS Insider
The Education ERP Market is growing as institutions adopt digital solutions for streamlining administration, improving efficiency, and enhancing learning.
AUSTIN, TX, UNITED STATES, February 10, 2025 /EINPresswire.com/ -- Education ERP Market was valued at USD 16.56 billion in 2023 and is expected to reach USD 75.84 billion by 2032, growing at a CAGR of 18.46% from 2024-2032. The market is driven by the features that increase administrative efficiency, streamline management, and support data-driven decision-making. As there is an increase in demand for on-premise integration, the ERP systems improve resource allocation and collaboration within the educational institutions. These systems facilitate better operational effectiveness, changing the way schools, colleges, and universities manage their resources and communication.
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Keyplayers:
Jenzabar, Kira Talent, Microsoft 365 Education, Moodle, PowerSchool, Sage Intacct, SchoolMint Workday, ADP Workforce Now, Blackbaud, Campus Management, and Canvas LMS (Instructure)
By Component, Software Leads with Strong Revenue Share, Services Segment Poised for Rapid Growth
Software dominated the Education ERP market in 2023, holding a revenue share of 65%, driven by improvement in areas of cloud computing, AI, and machine learning. The services segment is likely to grow with a 22.76% CAGR during the forecast period, as there is a growing demand for expert guidance, customization, and support for the implementation of ERP.
By Deployment, Cloud-Based Leads Education ERP Market, On-Premise Solutions Show Strong Growth Potential
In 2023, the cloud segment dominated the Education ERP market with more than 61.24% revenue share, led by the requirement for scalable, cost-effective, and secure solutions for remote and hybrid learning. The on-premise segment is expected to grow significantly, providing educational institutions with greater customization and control to meet specific operational needs and improve governance.
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By Application, Learning Management Systems Lead Education ERP Market, Student Information Systems to See Rapid Growth
The Learning Management System segment dominated the Education ERP market in 2023 with a revenue share of 28.89%, wherein the integration of ERP systems enabled efficiency in the operation. This Student Information System segment is forecasted to register the highest growth rate, facilitated by advanced analytics, which have become very significant in data-driven decision-making and strategic planning processes.
By End-use, Higher Education Leads Education ERP Market, K-12 Segment Set for Rapid Growth
In 2023, the higher education segment dominated the Education ERP market with 62% of the revenue, which was fueled by rising enrollments and demand for higher education credentials. ERP systems simplify admissions and administrative tasks. The K-12 segment is expected to grow significantly, addressing challenges like student admissions, attendance tracking, scheduling, grading, and financial management.
North America Leads Education ERP Market; Asia Pacific Poised for High Growth
In 2023, North America dominated the Education ERP market with over 36.24% of revenue. The demand for data-driven decision-making and powerful analytics is driving the adoption of ERP systems to enhance student performance and institutional effectiveness.
The education ERP market in Asia Pacific is expected to grow at the fastest CAGR of 24.54% from 2024-2032. Economic growth, urbanization, and higher disposable incomes are increasing investments in education and technology, driving the demand for ERP systems.
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