According to the latest study titled ‘Global Education ERP Market Size study, by Component (Software, services), by Deployment (Cloud, On-premises), by Application (Student management, Academic management, human resource management, finance and accounting management, store and procurement management and other applications), and Regional Forecasts 2021-2027’, available with Market Study Report, global education ERP market was worth USD 10.68 billion in 2020 and is anticipated to exhibit an annual growth rate of 14.8% during  2021-2027, thereby amassing USD 28.38 billion by the year 2027.
 

Shifting preference for automated management to carry out business processes in academic institutions, and the ability of ERP software to improve the performance of administrative modules and facilitate advancements in eLearning platforms are boosting global education ERP market expansion.
 

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With advent of COVID-19 pandemic, numerous educational institutions switched to online mode of learning in order to curb the disease spread, further boosting the demand for education ERPs. Citing an instance, as per World Economic Forum, the coronavirus pandemic outbreak has resulted in shutting down of schools driving over 1.2 billion children across 186 countries out of classrooms.
 

For the unversed, education ERP software enables control of all the activities performed in educational institutions. It makes the process effective, while ensuring innovative technology integration.
 

On the contrary, the presence of alternative options like easily accessible administrative systems is likely to impede the development of global education ERP market in the ensuing years.
 

Based on component, the market is categorized into software, and services. As per deployment mode, the industry is divided into cloud, and on-premises. While various application areas include store & procurement management, finance & accounting management, human resource management, academic management, student management, and others.
 

Regionally speaking, Europe, Latin America, Asia Pacific, and North America are considered to understand the macro-industry dynamics. Among these, Asia Pacific is estimated to hold major market share currently and is expected to expand notably during 2021-2027, driven by a large student population in the region, implementation of digital solutions, and escalating demand for ERP education software.
 

Major players like Tata Consultancy Services, Jenzabar, Inc., Foradian Technologies, Infor Global Solutions, Inc., Microsoft Corporation, Unit4 N.V., Ellucian Co. L.P., Blackbaud, Inc., Oracle Corporation, and SAP SE are profiled in global education ERP market report.