Enterprise Resource Planning for Schools Market Size

Schools Enterprise Resource Planning Market Analysis

The Enterprise Resource Planning for Schools Market size is estimated at USD 17.25 billion in 2024, and is expected to reach USD 33.79 billion by 2029, growing at a CAGR of 14.39% during the forecast period (2024-2029).

Enterprise resource planning (ERP) for schools is the integrated management of core business processes, often in real-time and mediated by software and technology. ERP is usually referred to as a category of business management software, typically a suite of integrated applications that an organization can use to collect, store, manage, and interpret data from various business activities.

• Cloud computing in education has transformed the classroom experience. NetApp's Cloud Volumes ONTAP allows education institutions and solution providers to reap all the advantages of cloud computing in education, such as scalability and elasticity, while supporting complex infrastructures, containing storage costs, and protecting highly sensitive data from loss or corruption.
• Real-time data analytics is a key driver for the market. Data analytics allows school management to measure, monitor, and respond in real-time to faculty, students, and parents. IMS Caliper Analytics is the world's first interoperability specification for educational clickstream analytics created by the education community where Learning Information Services (LIS) is used to populate other systems, such as Learning Management Systems, Library Management Systems, and Learning Object Repositories.
• Consistent data availability across the school business for faster decision-making is driving the market. MyClassCampus is a mobile app and web-based platform for schools, colleges, and educational organizations for quick, organized, and effective communication and resource sharing with all the stakeholders. It can be a one-click tool for institutes to manage all the student records and data in an organized and easy-to-access format, which can help the school's business run effectively.
• Schools are using new technologies, smart tools, and international ways of teaching to help children learn better.Even though technology has advanced quickly in schools, most of the administrative work is still done by hand.But for a school to grow in all ways, its administrative and academic parts should grow at the same rate.

An increasing number of institutions are making the switch to a cloud-based ERP system, a trend that will continue over the next year. Cloud-based systems have the benefits that institutions want, such as better security, more scalability, and more help. The market was also likely to grow because schools were working from home because of COVID-19. For instance, MasterSoft, an ERP provider in India,helped over 100 institutions go live on Microsoft Teams and manage online admissions and fee collection effortlessly.