Education ERP Market size to grow at over 15% CAGR from 2016 to 2024 Education ERP Market size to grow at over 15% CAGR

Education Enterprise Resource Planning (ERP) Market size to
exceed $15bn by 2024: Global Market Insights Inc.
Education ERP market size is estimated to be valued around USD 15 billion by 2024,
growing at a CAGR of around 15% from 2016 to 2024.
The ERP system helps in monitoring business resources, such as cash, raw materials,
manufacturing capacity, and track position of purchase demands and payroll. The rising
demand for administrative applications accompanied by the increasing acceptance of
automated system has made the transmission of information exceptionally flexible and
sophisticated for end users. These systems enable the integration of numerous functions of
an organization in real time to sustain and manage databases efficiently. In educational
institutions, these systems are used to govern the admission status & manage the employee
payroll. Furthermore, the need to secure organizations’ vital data may fuel the education
ERP market growth from 2016 to 2024.
The escalating demand for automated updates and access to authorized users may open
lucrative growth opportunities for the education ERP market growth from 2016 to 2024.
Furthermore, the rising number of educational institutions owing to the surging educational
awareness may have positive impacts on the industry growth over the forecast timeline.
SaaS-based ERP applications are progressively considered by educational institutes owing
to the low cost associated with their maintenance as well as system updates. The advent of
cloud services in the ERP systems is likely to encourage institutions as they enable effective
data and software management centrally through a service provider.

Factors, such as increased availability of administrative systems and negligible
customization feasibility, may hamper the education ERP market share. The high cost of
implementation accompanied by difficulty in integration with existing internal systems may
negatively impact the industry growth from 2016 to 2024.
Based on the deployment, the education ERP market size can be segmented into onpremise and cloud. The cloud deployment model is predicted to witness attractive growth
prospects owing to high security and data integrity offered. In addition, it ensures better price
control and provides flexible and scalable options to ERP solutions.
On-premise models are installed locally using the company’s hardware and servers. It
enables organizations to generate, store, and deliver the critical data. It also provides
facilities for customization as per the requirements of end users along with the quality
assurance and consistency related to the information. This aids in minimizing the data loss,
thus enabling institutions to enhance their performance, reduce cost, and sustain in complex
environments.
Based on components, the industry can be segmented into solutions and services. The
solution component is further categorized into student information system (Sis), HR or
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