Admission Management Software
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What Will the Admission Management Software Industry Market Size Be by 2025?
In recent years, there has been an accelerated expansion in the market size for admission management software. We’re expecting this market to surge from a worth of $1.42 billion in 2024 to $1.6 billion by 2025, indicating a compound annual growth rate (CAGR) of 12.8%. The escalation in the past was driven by the need to boost efficiency, the rising competition among educational entities, the desire for more structured admissions procedures, the need to meet regulatory compliances, and an intensified focus on amplifying student experience.
What’s the Long-Term Growth Forecast for the Admission Management Software Market Size Through 2029?
The market size of admission management software is set to experience swift augmentation in the forthcoming years, with an anticipated growth to reach $2.5 billion by 2029, at a compound annual growth rate (CAGR) of 11.8%. This growth expected during the projected period is due to factors such as the proliferation of online education, increasing need for data-led decision-making, consolidation with other education administration systems and an amplified focus on individualized learning experiences. Notable emerging trends during this period include the escalating digitization of educational organizations, integration with supplementary educational software systems, increasing incorporation of artificial intelligence and machine learning in admissions procedures, the continued introduction of new features and functionalities and a growing preference for cloud-based solutions.
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What Are the Key Growth Drivers Fueling the Admission Management Software Market Expansion?
The surge in student enrollments is anticipated to fuel the growth of the admission management software market. A growing number of students registering in educational institutions within a certain period is what’s referred to as student enrollment. This surge can be attributed to factors such as heightened awareness about education, greater access to educational services, and the increasing prominence of online educational platforms. Admission management software makes submission of applications easier for students by allowing them to do so online, thus reducing paperwork and making the process more streamlined for both students and administrators. For example, data from the United States Census Bureau, a US-based federal statistical system in October 2023, indicated that the total number of students in U.S. schools increased by 1.3 million from 2021 to 2022, hitting a total of 75.2 million students. Thus, the surge in student enrollments is boosting the growth of the admission management software market.
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What Are the Key Trends Driving Admission Management Software Market Growth?
Leading businesses in the admission management software industry are working on creating innovative solutions like cloud-based school management systems to improve scalability, accessibility, and flexibility for educational entities. Essentially, these types of solutions are comprehensive digital platforms hosted on cloud infrastructure that serve to streamline the admissions process within education institutions. For instance, Techdost, an India-based business that offers digital marketing and web development services launched a cloud-based school management system in February 2023, named Vedmarg. This school ERP (enterprise resource planning) and learning management system contains more than 80 modules including admission registration, transportation fee management, attendance tracking, report generation, mark sheets, exam timetables, ID cards and admit cards, online tests, quizzes, and transfer certificates among other things. Vedmarg was designed with the purpose of enhancing school and college administrative workflows by offering a single platform for accessing data from various departments remotely and at any given time. Extra features include a custom fee structure, cloud data backup, SMS alerts, and easy data access. These features simplify the task of managing financial records for schools and institutions, enable better communication with parents and students, and boost productivity.
How Is the Admission Management Software Market Segmented?
The admission management softwaremarket covered in this report is segmented –
1) By Component: Software, Services
2) By Deployment: Cloud, On-Premise
3) By Application: Primary And Secondary Schools, University, Research Institute, Training Institution
Subsegments:
1) By Software: Cloud-Based Software, On-premise Software
2) By Services: Installation And Integration Services, Consulting Services, Support And Maintenance Services
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Which Companies Are Leading the Charge in Admission Management Software Market Innovation?
Major companies operating in the admission management software market report are BlackBaud Inc.; Zoho Corporation Pvt. Ltd.; Ellucian Company LP; Rudra Softech LLP; PowerSchool Group LLC; Hyland Software Inc.; LeadSquared; Liaison International.; eduZilla.in; Finalsite Holdings Inc.; Dataman Computer Systems Pvt Ltd; NoPaperForms Solutions Pvt. Ltd.; iTech India Private Limited; Edunext Technologies Pvt Ltd; Oréll TechnoSystems (India) Pvt Ltd; ExtraaEdge Technology Solutions Private Limited; Renu SB Creation Software Pvt Ltd; Advanta Innovations Pvt Ltd; Creatrix Campus; Teachmint Technologies Pvt. Ltd.; SevenM Technologies Private Limited.; Kira Talent Inc.; Candour Systems Pvt Ltd.; Mastersoft Erp Solutions Private Limited; TADS Inc.; Embark Corporation; Campus Cafe Software
Which Regions Are Leading the Global Admission Management Software Market in Revenue?
North America was the largest region in the admission management software market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the admission management software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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