Market Overview
Global Education ERP by DataM Intelligence estimates the market to grow at a CAGR of 14.7% during the forecast period 2024-2031. Demand from Higher Education Institutions in Asia Pacific is booming. The competitive rivalry intensifies with Focus Softnet, Lighthouse Info Systems, Oracle Corporation and others operating in the market.
Education ERP suites include integrated modules that conduct business operations for colleges, K-12 schools and universities. In K-12 schools, Education ERP suites are utilized by employees in the district office to maintain the district's resources as a whole and office staff at individual schools.
Colleges and universities usually have employees in various offices who manage one or more aspects of an ERP system, including finance, financial aid, human resources and academic advising. Blending these functions into a single integrated system streamlines the everyday operations of educational institutions, helps develop communication across departments and breaks down data silos.
Market Summary
| Metrics | Details |
| Market CAGR | 14.7% |
| Segments Covered | By Component, By Application, By End-User, By Deployment Type and By Region |
| Report Insights Covered | Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights. |
| Fastest Growing Region | Asia Pacific |
| Largest Market Share | Asia Pacific |
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Source: DataM Intelligence Analysis (2021)
Market Dynamics
The global education ERP market growth is driven by developing education systems towards more technologically advanced options and growing demand for automation.
Developing education systems towards more technologically advanced options
ERP solutions produced for education businesses enhance the efficiency of planning, designing and operating educational resources. Implementing an ERP system can further develop the effectiveness of various education processes and improve stakeholders and student-centric associated services. ERP software is the ideal digital solution for exam information, fees accounts, managing staff, web portals, information systems and library books. The system gives complete control over all the exercises in educational institutes.
Various educational institutes have recently shown interest in the EPR systems. For instance, In 2021, Tyler Technologies, Inc. has announced that New Hanover County Schools, located in North Carolina, will now go live on Tyler's Munis enterprise resource planning solution within North Carolina's School Business System Modernization program. Tyler's Munis ERP solution was selected to the North Carolina K-12 schools master services agreement as an approved vendor through an agreement with the Department of Public Instruction's Education Business Systems Advisory Committee.
Growing demand for automation in the sector
Automation functions in Education ERP suites also reduce the manual work needed for common tasks, like pulling data from various systems used by separate departments. ERP software interconnects all the school departments, including finance, administrative, academics, infrastructure and communication. It performs exchanging information among the departments secure and guarantees that all information is collected in a central server for access at any instance. Certain institutions also need to give governing bodies in-depth reports, which are often done manually and time-consuming. This work is often duplicated over campuses where there is no central source of truth. An Education ERP system provides the tools and insight needed by the institutions to manage resources, automate processes, save money and improve visibility.
The companies have been coming up with new technologies in the market to attract educational institutes. For instance, in 2021, Transact, a leader in payment solutions for a connected campus, has announced the launch of its Transact CampusPay for Cashiering service that allows higher education institutions to process online securely and in-person payments with PCI validated methods and Point-to-Point Encryption. Transact facilitates nearly US$45 billion of payments annually.
Lack of technological knowledge in developing countries
The adoption of techniques in the educations system poses challenges to most educational institutes and faculties worldwide. Due to a lack of awareness, the public in various countries is still not familiar with the perks of employing education ERP solutions. Most educational institutions are still uninformed of how education ERP solutions can aid manage the data securely with maximum flexibility, impacting the growth of the education ERP market.
Moreover, the high cost of executing ERP solutions is another major factor restraining the market growth. The education systems are aware of the ERP technologies but find it difficult to adapt these solutions due to the high cost of ERP. The budgets in various developing nations are particularly low are still low and do not allow educational institutes not to accommodate the technology.
Covid-19 Impact Analysis on Market
Due to the pandemic, stakeholders across the education ERP industry have been growing exponentially. Countries around the globe are dependent upon online technologies to continue the education sector. In addition, several institutions have advanced in automated institution management systems, including education ERP and student information systems. Moreover, the lockdowns across countries generated the necessity for institutes to virtually manage academic and administrative processes, offering a substantial boost to the education ERP market.
The need for education ERP solutions has seen growth for e-learning, virtual classrooms and other digital solutions for granting uninterrupted education to learners worldwide. The sudden shifts in education systems and practices in the wake of a pandemic drive stakeholders to spend in modern technologies and modify the sector's evolving technology landscape. Therefore, the education ERP division grew amidst pandemics as governments and developers made significant investments into the education sector.
Market Segmentation Analysis
By deployment type, the education ERP market is segmented into cloud-based and on-premises.
The improved synchronization and control over multiple business processes is rising demand for cloud-based deployment
Cloud-based deployment is expected to hold a significant share in the education ERP market in the forecast period. Presently, cloud-based ERP solutions are substituting conventional data management techniques and processes. A cloud-based ERP solution presents enhanced security, data storage capacity and control. It also furnishes real-time access to administrators and assists in fast and well-informed decision-making. Cloud-based ERP solutions have been implemented in several academic institutions, which, in turn, has decreased the workload on administrators as these solutions improved synchronization and control multiple business processes effectively.
For instance, In 2021, the University of Pittsburgh has implemented Oracle Fusion Cloud Human Capital Management to give faculty, staff, and students a more reliable employee experience. With Oracle Cloud HCM, the institution moved its paper-based rules online to help enhance access to HR information, establish employee connections across the university and build a more sustainable workplace.
Source: DataM Intelligence Analysis (2021)
Market Geographical Share
The substantial rise in the number of colleges is raising the need for education ERP in the Asia-Pacific region
Asia-Pacific region holds the significant market share for the education ERP market globally and is expected to hold a significant market share in the forecast period. ERP solutions have widely been adopted in this region to explore the potential of innovative learning methodologies. Accelerated economic growth and modifying technologies in the education ERP field lead to the fastest-growing education market in the region. The region has witnessed a substantial rise in the number of private colleges, growing demand for operational transparency, effectiveness in the education sector and high engagement among academic institutions to obtain grants to improve educational quality have been boosting the market demand in the region. The education ERP market is currently in the development stages, offering lucrative opportunities for all market participants in the coming years.
Various latest initiatives have been taken on the national level to develop new educational foundations in the countries. For instance, in 2021, the Enterprise Resource Planning software developed and largely used by IIT Kharagpur, India, will be adopted by IIT Ropar and IIT Jodhpur for institutional use. IIT Kharagpur has signed MoU with the IITs to install, customize and deploy the ERP system.
Source: DataM Intelligence Analysis (2021)
Market Companies and Competitive Landscape
The education ERP market is moderately competitive, with companies focusing on providing numerous services to the school, including academics, administrative, finance, infrastructure and communication. Global companies are forming partnerships with leading schools and colleges to leverage them with updated software. Some of the key players contributing to the market's growth are Blackbaud, ERPNext, Focus Softnet, Microsoft Corporation, Oracle Corporation, Lighthouse Info Systems, Brainvire, Focus Softnet, Infor, Edumarshal, Ellucian, Entab and others. The players are adopting various new strategies to dominate the market, such as acquisitions, launching new services and collaborations, contributing to the global growth of the education ERP market.
Ellucian
Overview: Ellucian is a leading higher education technology solutions provider. The company guides more than 2,700 customers in improving operations and enhancing the user experience for their staff, faculties and over 26 million students. The company serves higher education institutions in more than 50 countries globally.
Product Portfolio: The Company offers solutions in advancement & alumni relations, campus life, enrollment, financial aid, financial management, human resources and student information systems.
Key Developments:
In 2021, Ellucian has launched Ellucian Experience, a cloud-based user experience platform. Ellucian Experience simplifies everyday tasks and access to essential information through a single application framework and personalized dashboard, linking people, processes and applications.
Why Purchase the Report?
- Visualize the education ERP market segmentation by component, application, end-user, deployment type, and region, highlighting the key commercial assets and players.
- Identify commercial opportunities in education ERP by analyzing trends and co-development deals.
- Excel data sheet with thousands of data points of education ERP market-level 4/5 segmentation.
- PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
- Product mapping in excel for the key product of all major market players
The global education ERP market report would provide approximately 69 market data tables, 63 figures, and 180 pages.
Target Audience
- Service Providers/ Buyers
- Colleges
- Schools
- Industry Investors/Investment Bankers
- Education & Research Institutes
- Research Professionals
- Emerging Companies
