Market Size of Enterprise Resource Planning for Schools Industry
Study Period | 2019 - 2029 |
Market Size (2024) | USD 17.25 Billion |
Market Size (2029) | USD 33.79 Billion |
CAGR (2024 - 2029) | 14.39 % |
Fastest Growing Market | Asia-Pacific |
Largest Market | North America |
Major Players*Disclaimer: Major Players sorted in no particular order |
Schools Enterprise Resource Planning Market Analysis
The Enterprise Resource Planning for Schools Market size is estimated at USD 17.25 billion in 2024, and is expected to reach USD 33.79 billion by 2029, growing at a CAGR of 14.39% during the forecast period (2024-2029).
Enterprise resource planning (ERP) for schools is the integrated management of core business processes, often in real-time and mediated by software and technology. ERP is usually referred to as a category of business management software, typically a suite of integrated applications that an organization can use to collect, store, manage, and interpret data from various business activities.
- Cloud computing in education has transformed the classroom experience. NetApp's Cloud Volumes ONTAP allows education institutions and solution providers to reap all the advantages of cloud computing in education, such as scalability and elasticity, while supporting complex infrastructures, containing storage costs, and protecting highly sensitive data from loss or corruption.
- Real-time data analytics is a key driver for the market. Data analytics allows school management to measure, monitor, and respond in real-time to faculty, students, and parents. IMS Caliper Analytics is the world's first interoperability specification for educational clickstream analytics created by the education community where Learning Information Services (LIS) is used to populate other systems, such as Learning Management Systems, Library Management Systems, and Learning Object Repositories.
- Consistent data availability across the school business for faster decision-making is driving the market. MyClassCampus is a mobile app and web-based platform for schools, colleges, and educational organizations for quick, organized, and effective communication and resource sharing with all the stakeholders. It can be a one-click tool for institutes to manage all the student records and data in an organized and easy-to-access format, which can help the school's business run effectively.
- Schools are using new technologies, smart tools, and international ways of teaching to help children learn better.Even though technology has advanced quickly in schools, most of the administrative work is still done by hand.But for a school to grow in all ways, its administrative and academic parts should grow at the same rate.
An increasing number of institutions are making the switch to a cloud-based ERP system, a trend that will continue over the next year. Cloud-based systems have the benefits that institutions want, such as better security, more scalability, and more help. The market was also likely to grow because schools were working from home because of COVID-19. For instance, MasterSoft, an ERP provider in India,helped over 100 institutions go live on Microsoft Teams and manage online admissions and fee collection effortlessly.
Schools Enterprise Resource Planning Industry Segmentation
Using a common database that is kept up to date by a database management system, ERP gives a complete picture of a company's most important business processes.ERP systems keep track of a business's cash, raw materials, production capacity, business commitments, orders, purchase orders, payroll, and the status of all of these things.
The enterprise resource planning market for schools is segmented by deployment (on-premises and cloud), function (administration, payroll, academics, finance, transportation, and logistical operations), and geography (North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa).
The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.
By Deployment | |
On-premise | |
Cloud |
By Function | |
Administration | |
Payroll | |
Academics | |
Finance | |
Transportation | |
Logistical Operations | |
Other Functions |
Geography | |
North America | |
Europe | |
Asia-Pacific | |
Latin America | |
Middle East & Africa |
Enterprise Resource Planning for Schools Market Size Summary
The Enterprise Resource Planning (ERP) for Schools market is experiencing significant growth, driven by the increasing adoption of cloud-based solutions and real-time data analytics. ERP systems integrate core business processes within educational institutions, facilitating efficient management of data related to various activities such as student enrollment, billing, and resource allocation. The shift towards cloud computing has transformed the educational landscape, offering scalability, enhanced security, and cost-effective solutions. This transition is further supported by advancements in data analytics, which enable schools to make informed decisions quickly by providing consistent data availability across all business functions. The integration of smart tools and technologies in schools is also contributing to the market's expansion, as institutions seek to streamline administrative tasks and improve academic outcomes.
North America holds a prominent position in the ERP Schools market, with a substantial share due to the high demand for efficient management of academic processes. The region's educational institutions are increasingly adopting ERP solutions to enhance operational efficiency and support various administrative functions. Key players in the market, such as Oracle, SAP, and Microsoft, are continuously innovating and expanding their offerings to maintain a competitive edge. These companies are focusing on product innovation, strategic partnerships, and expanding their market reach to cater to the evolving needs of educational institutions. Recent developments, such as the introduction of cloud-based solutions and integrated modules for managing school operations, are further propelling the market's growth, as schools worldwide seek to optimize their administrative and academic processes.
Enterprise Resource Planning for Schools Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Market Overview
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1.2 Industry Value Chain Analysis
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1.3 Industry Attractiveness - Porter's Five Forces Analysis
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1.3.1 Bargaining Power of Suppliers
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Threat of New Entrants
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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1.4 Impact of COVID-19 on the Enterprise Resource Planning for Schools Market
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2. MARKET SEGMENTATION
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2.1 By Deployment
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2.1.1 On-premise
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2.1.2 Cloud
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2.2 By Function
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2.2.1 Administration
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2.2.2 Payroll
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2.2.3 Academics
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2.2.4 Finance
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2.2.5 Transportation
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2.2.6 Logistical Operations
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2.2.7 Other Functions
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2.3 Geography
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2.3.1 North America
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2.3.2 Europe
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2.3.3 Asia-Pacific
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2.3.4 Latin America
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2.3.5 Middle East & Africa
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Enterprise Resource Planning for Schools Market Size FAQs
How big is the Enterprise Resource Planning for Schools Market?
The Enterprise Resource Planning for Schools Market size is expected to reach USD 17.25 billion in 2024 and grow at a CAGR of 14.39% to reach USD 33.79 billion by 2029.
What is the current Enterprise Resource Planning for Schools Market size?
In 2024, the Enterprise Resource Planning for Schools Market size is expected to reach USD 17.25 billion.