DUBLIN–(BUSINESS WIRE)–The “Admissions Management Software Market by Component, Application, and Regions – Global and Regional Industry Perspective, Comprehensive Analysis, and Forecast 2021-2026” report has been added to from ResearchAndMarkets.com offer.
According to the report, the global Admissions Management Software market is expected to be valued at around USD 800.50 Million in 2020 and is projected to reach a value of around USD 2,010 Million by 2026, at a CAGR of around 9. 7% between 2021 and 2026.
Ellucian Company LP
Black Baud Inc.
Hyland Software Inc.
Edunext Technologies Pvt Ltd.
Campus cafe software
Dataman Computer Systems Pvt Ltd.
Admissions management software makes it easy for schools and parents to smooth the admissions process as it helps school authorities to competently manage a student’s basic details. It also helps in producing student reports that display student information. The product helps educational institutions keep track of brochure sales. Moreover, it also helps in assigning course, section and roll number to student, keeping record of refundable security deposit and one-time registration fee.
Also, admissions management software helps educational institutions maintain student records and use them for further processing. Admissions management software vendors offer an integrated solution, which combines enterprise resource planning (ERP) system, student management system, school/university accounting module and institute management software in one software to simplify the entire admissions process.
Growing demand for scalability to drive market demand
The admissions management software industry is primarily driven by the growing need to increase the operational efficiency of admissions processes in educational institutions, thus fueling the need for scalability in both large and small educational institutions. Additionally, the increase in the proportion of students being admitted to colleges, schools, and universities has increased the complexity of the admissions procedure, which has driven the demand for admissions management software.
In addition, the software mechanizes the admission structure and its operation. Apart from this, the need to improve the operational efficiency of the companies is likely to play a major role in the expansion of the admissions management software industry over the forecast period. In addition to this, the software helps to improve the speed of the process, reduce the processing time and enable quick retrieval of information. Nevertheless, growing concerns over security threats to customer information will hamper the expansion of the market over the forecast period. However, the launch of new admissions management apps and smartphones will provide new avenues for growth in the market, thus negating the negative impact of the fetters on the market to a large extent.
Cloud to record the highest CAGR over the forecast period
The cloud segment is expected to register the highest growth rate of over 10.8% during the forecast period. The growth of the segment is due to the strong student data security provided by the cloud. On top of that, cloud solutions are scalable and fully customizable and require low investments. Apparently, the cloud also offers more storage space and automated upgrading.
The University will dominate the end-user segment by 2027
The growth of the segment is due to the extensive use of admissions management software to improve control over the student admissions process while ensuring the security of student data.
North America leads overall market growth by value
The growth of the regional market over the forecast period is driven by an increase in the number of students seeking admission in the reputed academic institutes.
Main topics covered:
Chapter 1 Executive Summary
Chapter 2 Admissions Management Software Market – Component Analysis
Chapter 3 Admissions Management Software Market – Application Analysis
Chapter 4 Admissions Management Software Market – Regional Analysis
Chapter 5 Admissions Management Software Market – Competitive Landscape
5.1. Competitor Market Share – Revenue
5.2. Analysis of market concentration rate, Top 3 and Top 5 players
5.3. Strategic developments
5.3.1. Acquisitions and mergers
5.3.2. New products
5.3.3. Research and development activities
Chapter 6 Company Profiles
Chapter 7 Admissions Management Software- Industry Analysis
Chapter 8 Industrial Chain, Sourcing Strategy and Downstream Buyers
8.1. Admissions Management Software Industry Chain Analysis
8.2. Downstream buyers
8.3. List of distributors/traders
Chapter 9 Marketing Strategy Analysis
Chapter 10 Report Conclusion and Key Information
Chapter 11 Research Approach and Methodology
For more information on this report, visit https://www.researchandmarkets.com/r/xku8