Admission Management Software Market size is forecast to record commendable gains during 2021-2027. The market is primarily driven by the need to improve the operational efficiency of admission procedures in schools, colleges, universities, and research institutes. With the rise in the number of students seeking admissions, the admission management process is becoming more complex. Therefore, the adoption of software solutions for handling the growing volumes of admissions data is increasing.
The admission software industry is expanding owing to benefits such as improved speed, efficiency, and cost-effectiveness. Admission software can automate admission structure, management, and other functionality. In addition, these solutions are dynamic and customizable, allowing educational institutes to save human efforts and labor cost. The ability of online admission software to perform registrations simultaneously will continue to drive its adoption over the projected timeframe.
In terms of component, the admission management software market is bifurcated into software and services. The software segment is expected to register a substantial CAGR through 2027. This is because admissions handling solutions can help streamline the admission process and improve the student inquiry to admission ratio. These software also help avoid the hassle of paperwork during the application process, reduce manual intervention, and select eligible candidates automatically.
By application, the admission management software market is poised to witness promising opportunities across the primary and secondary school segment. The number of school admissions are increasing exponentially each year, making it challenging for primary and secondary school to evaluate the potential of applicants. Across the world, many schools have already implemented automated admission software to optimize operations and save costs.
Considering the regional landscape, North America admissions management software market is projected to grow substantially between 2021 and 2027. The regional growth is mainly driven by the high adoption rate of digital technologies. The presence of established companies and the emergence of new players in the region will propel the adoption of admissions management solutions. Additionally, supportive government policies along with increasing investments in the education sector will create a lucrative growth outlook for the industry.
The global admission management software market is comprised of notable players including Embark Corporation, Advanta Innovations, Campus Cafe, Hyland Software Inc., Schoology, Ellucian Company LP, BlackBaud Inc., Creatrix Campus, Edunext Technologies Pvt. Ltd., Orell TechnoSystems Pvt Ltd., and Dataman Computer Systems Pvt Ltd. to name a few. The companies are focusing on bringing new innovative solutions to the market that help educational institutes optimize and streamline admission operations.
Quoting an instance, in October 2020, Embark Corporation had collaborated with American consumer banking company Sallie Mae to help file the Free Application for Federal Student Aid (FAFSA), which offers more than USD 150 billion in grants, federal financial aid, and college scholarships. As part of the deal, Embark would offer its free online management tool which brings down the time taken to complete the FAFSA from 55 minutes to under 20 minutes through clear language, simple navigation, and insightful tips.
The novel coronavirus pandemic considerably cut down on student attendance. However, the COVID-19 pandemic has created positive opportunities for the admission management software industry. One of the major impacts of the pandemic has been the rising use of digital technologies across industries, including the education sector. With the closure of schools, colleges, and universities, admissions procedures have shifted from offline, in-person processes to online applications. This has led to the greater adoption of admission management software worldwide.
Market, By Component
Market, By Deployment Model
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