Technavio analysts estimate the global school ERP market to grow at a CAGR of close to 14% between 2014 and 2019. Much of this growth will come from the finance module, which is expected to surpass USD 1,200 million by 2019. This module garnered the highest demand owing to its requirement by schools to improve their administrative work.
The new market research report from Technavio provides a breakdown and analysis of the global school ERP market by geography.
“Thanks to the availability of adequate infrastructure and wide geographic dispersion of schools in North America, the penetration of SaaS-based ERP in North America is expected to increase. While North America is still the largest market, the fastest growing geography is the APAC region, which will register the highest growth rate during the forecast period due to its adoption of ERP solutions to manage the large number of enrolling students,” says Navin Rajendra, Lead Analyst, Education, Techanvio Research.
The report also offers a breakdown of market shares by modules, including finance, student management, HR, and others. The finance module accounts for more than 45% of the total market in terms of volume and is expected to grow at a rate of more than 12% during the forecast period. This module assists in the registration of financial data, automation of transactions, and generation of financial reports. The HR module closely follows the finance module and is expected to reach close to USD 950 million by 2019. Usefulness of this module in maintaining data pertaining to personal details and number of employees will augment its demand during the next four years.
Global school ERP market segmentation by module 2014
Source: Technavio, 2015
Top companies in this market include Infor, NetSuite, Oracle, Web Era, and Unit4. The report provides an overview of these companies, their financial overview, business strategies, and recent developments, as well as an in-depth discussion of the leading market drivers, challenges, and trends.
A more detailed analysis is available in the Technavio report Global School ERP Market. We can customize reports by other regions and specific segments upon request.
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