Admission Management Software Market Size, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2021 – 2027
Report ID: GMI4133
Admission Management Software Market size is expected to grow significantly over the forecast period due to increasing number of admissions in academic institutions and growing demand among such institutions to reduce the complexity in managing the admission process. The admission management system offers several benefits, such as 24/7 availability and reduced paperwork and automates the admission process from inquiries to delivering reports, due to which the demand for this software is increasing rapidly.
Admission management software helps in making the admission process smoother and quicker for both schools and parents as it enables school authorities to handle students’ basic details and generate reports to provide statics of student information. It enables educational institutes to keep a track of prospectus sale, assign the course/class, section & roll number to the student, refundable security deposit, and one-time registration fee, helping them to keep records and use them for further processes. As schools and universities globally are demanding an integrated solution to simplify the admission process and manage a vast amount of student-related information, the demand for integrated admission management software will increase over the forecast timeline. Admission management software providers are offering an integrated solution, which combines Enterprise Resource Planning (ERP) system, student management system, school/college accounting module, and institute management software in a single software to simplify the whole admission process. For instance, Classter, a cloud management solution provider, is providing an integrated cloud-based Software as a service (SaaS), which integrates integrated Student Information System (SIS), School Management System (SMS), and Learning Management System (LMS) to cater to the needs of institutes and colleges.
APAC is expected to hold a significant portion of the admission management software market due to the increasing number of students seeking admissions, which leads to a surge in the demand for admission management software among academic institutions. Rising investments in the education sector in the countries including India, China, Singapore, and Malaysia will spur the market growth. According to the India Brand Equity Foundation (IBEF), the higher education segment of India is expected to increase to USD 35.03 billion by 2025 that will increase the number of students seeking admissions, spurring the market growth. According to IBEF, the internet penetration in India was 46.13% till December 2018, contributing to the rise in the uptake of web applications to manage the admission process. Favorable government initiatives for the development of the education sector and increasing Foreign Direct Investments (FDI) in the sector will lead to the growth of the admission management software market. For instance, the Indian government allowed 100% Foreign Direct Investment (FDI) in the education sector since 2002 and up to December 2018, the education sector has received cumulative FDI worth USD 2.21 billion.
Europe is expected to show rapid growth over the forecast period due to favorable government initiatives, such as imposing regulations and increasing investments, in the education sector. The U.K. government has placed statutory regulations, such as General Data Protection Regulation (GDPR) and Higher Education Statistics Agency (HESA), on higher education policy that lead to the adoption of admission management software as it is compliant with these regulations. For instance, Nelson College London is using admission management software of Ellucian Quercus that is tightly aligned to the U.K. higher education policy regulations. Increasing investments in the education sector will lead to a rise in the number of students getting admissions that will have a positive impact on the growth of the admission management software market. For instance, in 2016, the German government invested around USD 299.6 million in the education sector and in 2017 investment increased to around USD 139.5 billion.
The companies operating in the admission management software market are involved in increasing their global presence through geographic expansion. For instance, in June 2018, Blackbaud Inc. opened a new office in Costa Rica (Central America) to expand its presence in the Latin American market. Some companies are entering into partnerships with colleges to gain more customers. For instance, in November 2018, Ellucian Company L.P. entered into a partnership with Nelson College of London to provide solutions for managing students’ data that further assist in their success and institutional growth. Companies are focusing on new product developments and enhancing the features of their existing solutions. For instance, in October 2018, Blackbaud Inc. introduced Cloud Solution for higher education that enables academic institutions to manage complete student information.
Some of the companies operating in the admission management software market are acquiring other players to increase their product features. For instance, in September 2017, Leeds Equity acquired a product portfolio of Hobsons, Inc. that deals in the constituent relationship management ("CRM") and application management. The acquired product portfolio consists of Radius, ApplyYourself, AppReview, and Connect & Retain product lines that advance admission management software to serve higher education institutes. The players operating in the market are Embark Corporation, BlackBaud Inc., Hyland Software Inc., Ellucian Company LP, Creatrix Campus, Advanta Innovations, Edunext Technologies Pvt. Ltd., Campus Cafe, Dataman Computer Systems Pvt. Ltd., Orell TechnoSystems (India) Pvt. Ltd., and Schoology.
Admission Management Software Market, By Component, 2014-2025 (USD Million)
Admission Management Software Market, By Deployment Model 2014-2025 (USD Million)
Admission Management Software Market, By Application, 2014-2025 (USD Million)
- Primary and Secondary Schools
- Research Institute
- Training Institution
The above information has been provided for the following regions and countries:
- North America
- Australia & New Zealand (ANZ)
- South Korea
- Latin America
- South Africa
- Saudi Arabia
- Advanta Innovations.
- Blackbaud Inc.
- Campus Café.
- Creatrix Campus.
- Dataman Computer Systems Pvt Ltd.
- Edunext Technologies Pvt Ltd.
- Ellucian Company LP
- Embark Corporation.
- Hyland Software Inc.
- Liaison International
- Orell Technosystems (India) Pvt Ltd.
- Rudra Softech
- SevenM Technologies Private Limited
- Simple Apply LLC
- Sucuri Inc.
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