Global School ERP Market 2015-2019
School ERP software solutions
ERP software refers to business management solutions that enable organizations integrate business operations, such as product planning, product development, manufacturing processes, inventory control, and distribution for optimal management. ERP software catering to the needs and requirements of schools has attracted the attention of the education sector. Various modules of ERP software can be purchased as stand-alone offerings or as embedded offerings. Each of these modules pertain to operational functions, such as accounts, HR, fees, transportation, examinations, and attendance. Thus, the software helps streamline organization-wide data extracted from various departments. This can help schools improve their performance and internal functioning by automating tasks and activities that streamline work processes.
Technavio's analysts forecast the global school ERP market to grow at a CAGR of 13.67% over the period 2014-2019.
Covered in this report
This report covers the current scenario and the growth prospects of the global school ERP market for the period 2015-2019. To calculate overall market size and vendor shares, the report considers revenue generated from the issue of software licenses, support and maintenance, and subscriptions to K-12 schools. It considers the revenue generated by ERP software through both SaaS-based and on-premises models. It does not consider open-source ERP software. The following ERP modules were considered while calculating revenue: finance, HR, student management, and others.
Technavio's report, Global School ERP Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers North America, Europe, APAC, and ROW; it also covers the landscape of the global school ERP market and its growth prospects in the coming years. The report includes a discussion on the key vendors operating in this market.Key regions
Technavio Announces the Publication of its Research Report – Global School ERP Market 2015-2019
Technavio recognizes the following companies as the key players in the Global School ERP Market: Infor, NetSuite, Oracle, Panacea, and Unit4.
Other Prominent Vendors in the market are: Concur Technologies, Cornerstone OnDemand, Jenzabar, Kronos, Totvs, Workday, and WorkForce Software.
Commenting on the report, an analyst from Technavio’s team said: “Training of the faculty in an institution is a crucial step for ERP implementation to realize all the benefits of an ERP software. If end-users do not understand how the system works, the purpose of ERP will not be met. Training documents or any other additional tools required must be provided to the faculty. Usually, the training comes clubbed with the ERP from the provider. Once the training gets over, a pilot run of the software is conducted in the institute with real data. This helps understand and consider any adjustments that are needed.”
According to the report, apart from imparting education, schools, as institutions, have to invest time and resources for other important operational activities such as payroll, management of examinations, effective parent–teacher communications, and inventory management. Though these activities can be handled manually in smaller educational institutions relatively easily, larger educational institutions find handling these activities manually difficult.
Further, the report states that, as most educational institutions run on budgeted expenditure, the key decision makers weigh the cost of implementation over the benefits of installing a feature-rich ERP system. As a result, institutions fail to choose an ERP, which is less complex and compatible with the existing infrastructure.
Infor, NetSuite, Oracle, Panacea, Unit4, Concur Technologies, Cornerstone OnDemand, Jenzabar, Kronos, Totvs, Workday, WorkForce Software
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