Enterprise Resource Planning has facilitated ease of operations and management in the field of education by enabling integration of various functions of educational organizations in real-time to maintain and manage databases. Although education ERP has recently gained usage and popularity, its market is booming.
DataIntelo recently published an all-inclusive, 109-page report on the Global Education Enterprise Resource Planning (ERP) Software Market, which provides a complete overview of the market’s key aspects. The report assesses the current market situation and its scope, which are anticipated to significantly impact the market’s performance during the forecast period, 2020-2027.
As per the report, the global Education ERP Software market is flourishing. While it was valued at over USD 7 billion in 2019, it is projected to surpass the mark of USD 15 billion by 2026, at a CAGR of greater than 15%.
The strong growth of the education ERP software market in the coming years is mainly attributed to the upsurge in the adoption of digital transformation in the field of education.
Besides that, the report states that the increasing demand for video-based learning is driving the growth of the education ERP market. Another factor proving to be favorable for driving the market growth of education ERP is increasing urbanization coupled with the growing middle-age population.
Although the education ERP market is expected to witness robust growth on a global level, there are several restraints that are keeping the market players far away from tapping into numerous potential opportunities, such as – high-price of ERP implementation, lack of skilled workforce required to operate and maintain the advanced ERP system.
The education ERP market depicts an extremely competitive and fragmented landscape. The report constitutes an assessment of the market, its various segments, trends, and regional markets.
The following regional segments are covered comprehensively:
Asia Pacific, Africa, North America, Europe, the Middle East, and Latin America.
The report specifically focuses on Market Analysis Company share and size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast and strives to evaluate the current and future growth prospects, factors shaping their revenue potential, untapped avenues, and demand and consumption patterns in the global market by breaking it into different regions.
The report sums up a wide spectrum of data-driven research and advisory for the decision-makers to help them make better business decisions, such as – which regions might see a growth in demand, the best value-grab opportunities, the best investment choices, etc.
The complete report can be accessed here.