Global Admission Management Software Market Trends 2024, Forecast To 2033
25 Jul, 2024
The admission management software market has demonstrated rapid growth, increasing from $1.26 billion in 2023 to $1.42 billion in 2024, reflecting a compound annual growth rate (CAGR) of 12.6%. This growth is driven by the need to improve operational efficiency, heightened competition among educational institutions, regulatory compliance requirements, and a focus on enhancing student experiences. Looking ahead, the market is projected to grow to $2.30 billion by 2028, with a CAGR of 12.8%. The forecast period will see expanded adoption in online education, rising demand for data-driven decision-making tools, integration with other educational management systems, and a growing emphasis on personalized learning experiences. Key trends include the digitization of educational institutions, integration with additional educational software systems, increasing use of artificial intelligence and machine learning in admissions processes, ongoing development of new features and functionalities, and rising adoption of cloud-based solutions.
Major Driver In The Admission Management Software Market
The admission management software market is anticipated to expand due to the increase in student enrollment driven by greater awareness, improved accessibility to educational services, and the growth of online platforms. This software facilitates online application submissions and reduces administrative workload for students and institutions. The U.S. Census Bureau reported total U.S. school enrollment reached 75.2 million students by 2022, up by 1.3 million from the previous year. This growth trajectory highlights the increasing market size of admission management software, with values of $X billion in 2023, $Y billion in 2024, and a projected increase to $Z billion by 2028.
Request A Free Sample Of The Global Admission Management Software Market ReportAdmission Management Software Market Competitive Landscape
BlackBaud Inc., Zoho Corporation Pvt. Ltd., Ellucian Company LP, Rudra Softech LLP, PowerSchool Group LLC, Hyland Software Inc., LeadSquared (Marketxpander Services Private Limited), 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
Key Admission Management Software Market Trend
Major companies in the admission management software market are developing advanced solutions like cloud-based school management systems to enhance scalability, accessibility, and flexibility for educational institutions. These systems, hosted on cloud infrastructure, facilitate efficient admissions process management. For instance, in February 2023, Techdost, an India-based company, launched Vedmarg, a cloud-based school management system designed to streamline administrative operations in educational institutions. With over 80 modules, including admission registration, fee management, attendance, reports, and online exams, the software provides a centralized platform for accessing departmental data remotely, improving financial record management, communication, and productivity.
Purchase The Global Admission Management Software Market Report Directly And Get A Swift DeliveryAdmission Management Software Market Segmentation
The admission management software market 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
By Geography:The regions covered in the admission management software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the admission management software market in 2023.
The Admission Management Software Global Market Report 2024 furnishes information about the global admission management software market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.