The sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on School Management System Market . The growth sectors of the School Management System Market are identified with precision for a better growth perspective.
The global school management system market was valued at USD 8.5 billion in 2018 and is anticipated to reach USD 25.7 billion by 2025 growing at a CAGR of 17.7% during the forecast period.
The geographical analysis of the global school management system market has been done for North America, Europe, Asia-Pacific, the Middle East and Africa, and South America.
North America accounted for the largest market share in the school management system market; this growth can be attributed to the presence of tier I vendors and the adoption of predictive analytics in education system. Additionally, the US is expected to dominate the market owing to increasing adoption of cloud-based learning management solutions by the educational institutes.
Europe accounted for the second-largest share of the global school management system market in terms of market size. The European market has been divided into the UK, Italy, Spain, Germany, France, and the rest of Europe. The UK accounted for the largest market share in 2018 and is expected to continue to dominate the European market; growth here can be attributed to increasing number of fellowship students taking admission in the European universities that eventually increase the demand for automated administration solutions. Whereas Germany is expected to exhibit the highest CAGR during the forecast period. The market growth is due to the rapid digital transformation and investments among the education sector to enhance the student-teacher learning experience.
The market in Asia-Pacific is expected to be the fastest-growing from 2019 to 2025. The regional market has been classified as China, Japan, India, Australia, South Korea, Singapore, and the rest of Asia-Pacific. China accounted for the largest market share in 2018 and is expected to continue to dominate the market due to the adoption of a cloud-based school management system. Additionally, India is expected to witness the fastest growing market for school management system attributed to the increasing number of government initiatives through the Digital India platform to transform and digitalize the education sector.
Dependence on legacy systems, lack of personnel and financial constraints are some of the factors that result in gradual growth in the Middle East and Africa and South America region.
The global school management system market has been segmented based on component, deployment mode, application, end user, and region.
By component, the global school management system market has been bifurcated into solutions and services. Furthermore, based on services, the school management system market has been sub-categorized into professional services and managed services. The professional services segment has been sub-segmented into consulting and implementation services and training and development services. The solution segment dominated the market in 2018 whereas the services segment is presumed to exhibit higher CAGR during the forecast period.
By deployment mode, the market has been divided into cloud and on-premise. The cloud segment is anticipated to be a higher growth rate in the market during the forecast period. On the flip side, the on-premise segment is expected to dominate the market. However, the cloud solution is expected to lead the market during the forecast period.
School Management System Market is estimated to reach USD 25.7 Billion by 2025 with a CAGR of 17.7% …
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