Market Highlights
The school management system market 2020 is observing solid growth across the globe and can achieve a valuation of USD 25.7 Billion by 2025 , projects Market Research Future ( MRFR ). The market size is also touted to expand at a rate of 17.7 % between 2019 and 2025 ( evaluation period ). We will provide covid-19 impact analysis with the report . The COVID-19 impact on the market has been studied in the report , which offers an in-depth analysis post the coronavirus disease outbreak .
COVID-19 Analysis
Lockdowns have been imposed all over the world to curb the spread of the COVID-19 outbreak , with the pandemic negatively impacting the worldwide school education . SARS-CoV-2 , given its unprecedented spread across countries has deeply influenced the education sector . However , the hardest hit has been the countries with high drop-out rates , low resilience to unexpected events and lower learning outcomes . With this , the need for academic management system , financial management and administration management system across schools has risen considerably to manage all the information .
On the bright side , post the onset of the novel coronavirus , governments have come up with online and digital education modes and have also given subsidy to private schools , and more . A number of schools are making extensive use of tools such as Microsoft Teams to conduct online classes . In the given scenario , the deployment of school management systems has increased , as they help make the communication between parents and teachers easier and smoother . With these systems , teachers are able to keep the parents updated regarding the content being covered in online lectures . Educators are able to their provide access to e-notes , quizzes , games , video-based micro-courses and e-books . With the increasing prevalence of online education , it is anticipated that the school management system market can note continuous growth even when the pandemic crisis gets over .
Key Drivers and Main Restraints
With technology-based developments , educational institutions are increasingly using cloud-based services and software that provide advanced accessibility features . Notably , the majority of the mentioned developments have occurred in developed countries like Canada , the US , along with the Central and Western European economies . Therefore , the increasing consumption cloud services can be a significant trend that could enhance the growth of the school management system market in the years to come .
Furthermore , the online school management software market is gaining high prominence , given the shift from traditional ways of teaching to the digital aspects of smart class rooms . The online mode of school management is transforming the education sector , with the surge in the deployment of services and solutions that help manage the workflow and databases .
In June 2020 , Rediker Software launched its latest online admissions and enrollment management system called AdmissionsPlus . This system helps streamline all the centralized enrollment requirements , offers a web-based application along with a simplified admissions process for private , independent charter and public schools . The increasing popularity of online portals and cloud-based services has been leveraged by the leading market players who are increasingly launching advanced software and services to cater to the evolving customer needs and demands . These types