The admission management software market is expected to register a CAGR of over 10.12%, during the forecast period of 2018-2023. The report profiles the on-cloud and on-premise providers of admission management software, in the education industry. —
The admission management software market is primarily driven by the increasing need to enhance the operational efficiency of the admission procedures, in educational institutions. This has triggered the demand for scalability, in both large educational institutions and relatively small institutions. As it is becoming increasingly challenging to take real-time decisions, the demand for admission management software is expected to increase. There is an increasing need for unified management of generated data, as the volume of data points has significantly increased. The adoption of the admission management software facilitates the plane admission process. However, it raises certain security concerns, owing to increasing data breaches and security threats.
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The School Segment Projected to Offer Significant Opportunities
The school segment of the market studied is anticipated to offer significant opportunities for the admission management software, as the number of applications for schools is increasing every year. It is increasingly becoming challenging for primary and secondary schools, to provide the preferred choice after evaluating the applicants’ potential, based on specific, real-time parameters. Various schools have already successfully deployed admission management software and eventually reaped benefits. One of the schools in the United States has deployed the software and was able to achieve more than 62% return on investment, in less than three years. This indicates that the software is not only cost effective for deployment, but also capable of optimizing operations and recovering the investment, at a rapid pace. The school was able to save more than 12,500 production man hours of its staff, and eventually, more than USD 228,000 on additional labor costs, with the unification of the organization’s technology portfolio into one integrated solution. This was made possible by considerably reducing labor required for verification, management, and data entry purposes. In addition, the school was able to enhance its revenue by increased payment collection, as it collected more than USD 126,000 of additional revenue, by reducing negligence and thus increasing the payment collection rate. The school was also able to transform its legacy operations to digital operations, thereby eventually reducing its printing, labor, and postage costs, by more than USD 17,000. This transition was also convenient for parents, as they could access real-time billing accounts of their children.
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Asia Pacific Expected to Record the Fastest Growth in Admission Management Software Market
Asia-Pacific is home to the majority of the global population. As education is a basic need, the number of students being enrolled in institutions is immense. In India alone, there were more than 185 million students enrolled, in the age group of 6-15 years, indicating the significant opportunity for the admission management software market, as these software are not only capable of managing the admission procedures, but are also well-equipped to handle the interface with both parents and students. In addition to schools, universities and colleges in the region are facing a similar situation. During the academic year 2016-2017, there were more than 10.7 million students in science, computer science, or engineering/technology streams alone, and accounted for just 36% of the total number of students studying in universities and colleges. The increase in the number of applicants from foreign countries (international students) is bound by certain obligations. Evaluating applications based on those varying parameters is a challenge, which can be catered to by the deployment of the admission management software, thus incurring considerable savings of time and costs.
Key Developments in the Market
June 2018: Blackbaud Inc. extended its physical presence in the Latin American market, by inaugurating an office in Costa Rica.
June 2018: Hyland Software Inc. expanded its healthcare presence in Europe and Middle East & Africa.
Major Players: ELLUCIAN COMPANY LP., BLACKBAUD INC., HYLAND SOFTWARE INC., ADVANTA INNOVATIONS., EMBARK CORPORATION., EDUNEXT TECHNOLOGIES PVT LTD., CREATRIX CAMPUS., CAMPUS CAFÉ., DATAMAN COMPUTER SYSTEMS PVT LTD., ORÉLL TECHNOSYSTEMS (INDIA) PVT LTD., and EDULEAP, among others
Reasons to Purchase The Report
To understand the impact of admission management software in the school segment
An analysis of various perspectives of the market, with the help of Porter’s five forces analysis
The segments that are expected to dominate the market
Regional analysis of the market, during the forecast period
The latest developments, market shares, and strategies employed by the major market players and key innovators
3 months analyst support along with the Market Estimate sheet (in Excel)
Customization of the Report
This report can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Ellucian Company LP., BlackBaud Inc., Hyland Software Inc., Advanta Innovations., Embark Corporation., Edunext Technologies Pvt Ltd., Creatrix Campus., Campus Café., Dataman Computer Systems Pvt Ltd., Oréll TechnoSystems (India) Pvt Ltd., Eduleap.
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