The education ERP market is seen as a new market but in fact it has been one of the areas where ERP has been effective for a long time. The ERP systems used by many private colleges, in addition to improving the quality of education, also reinvigorate the competitive conditions of the sector.
The education ERP market might be new to the scene, however ERP softwares have been proven effective and successful in many other sectors already. ERP refers to Enterprise Resource Planning, which ideally manages an organization’s all resources to streamline its priorities. ERP software helps private companies get an overview of their operations, which is critical for transparent and efficient operations. Large number of private colleges, growing demand for transparent operations, and increasing competition to gain grants to improve the quality of education are expected to drive the education ERP market in the near future.
The education ERP market is its nascent stages and promises plenty of opportunities for all market players in the near future. While innovation and quality of ERP software is a key differentiator among larger players, quality of service and costs remain major attractions for smaller players.
The report on global education ERP market is aimed at narrating the prevailing trends and gauge future opportunities. It includes the most insightful information regarding growth opportunities and main challenges. Thorough analysis on fundamental competitive threat is a crucial part of the global education ERP market report.
Automation is expected to emerge as a major trend in the education ERP market. Academic institutions much like large consumer driven industries like insurance are riddled with several administrative costs related to routine procedures. This includes processes such as admissions, class enrollments, placement management, payroll and many others. This not only increases redundant costs for private institutes but also places various burdens on professors and takes valuable time away from them, which could ideally be utilized for students and research. Hence, automation is expected to drive significant growth for the education ERP market during 2018-2026.
Many private colleges are run by parent organizations and supervised by administrative staff. As the staff keeps changing occasionally, and financial priorities in the same manner. However, for an institute to grow, it is important over the long run to maintain its financial records in a reliable and safe manner. Similarly, transparency in these finances give better information to new administrators to change or realign new financial goals. Hence, cloud management is also on the rise in the education ERP market. This also provides a tremendous potential for growth as it AI and big data analytics can be coupled with ERP software to provide intelligent insights to educators.