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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