payroll, financial management, placement management, transport management, enrollment & admission, etc. The service segment is further segmented into implementation, consulting, training & support, and portal service. The training and support sector is predicted to exhibit attractive growth rates owing to the rising awareness regarding these systems around the globe.
Based on the user type, the education ERP market can be categorized into kindergarten, k- 12, and higher education. The higher education segment could account for the key industry share. The consistent growth in primary education and rising adoption of e-learning approaches in primary classrooms is likely to catalyze education ERP market demand.
The education industry is predicted to outsource the complex management process to third party vendors owing to the rising focus on their core competencies by offering high-quality education; this is likely to offer potential growth avenues over the next eight years. Furthermore, these systems are user-friendly and effectively manages the student information system, admission & enrollment system, payroll, placement management, accounting, transport management, etc. Moreover, the need for critical data security among institutions will further contribute towards the education ERP management market growth from 2016 to 2024.
The U. S. education ERP market is anticipated to witness a considerable growth due to the high prevalence of unconventional infrastructure and universities across the region. The Asia Pacific education ERP market size is anticipated to experience a substantial growth from 2016 to 2024. The growth can be attributed to the rising significance of videobased learning in various economies such as India, China, and Japan. In addition, the escalating prominence of sophisticated systems may catapult the regional growth over the forecast timeline
Key players operating in the education ERP market share include Netsuite, Ellucian, Jenzabar, Unit4, Oracle Corporation, and Epicor Software. Other companies include blackbaud, SAP, Infor, advanced business solutions, and Microsoft. In April 2016, Ellucian launched Banner Finance 9.0, a higher education financial management system. This software is likely to assist colleges and universities in managing financial transactions effectively.
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