Global Admission Management Software Market Share is Likely to Grow at a CAGR Value of 9.50% By 2028

16-Aug-2022 | Facts and Factors

According to Facts and Factors, the global admission management software market size was worth USD 805.20 million in 2021 and is estimated to grow to USD 1387.99 million by 2028, with a compound annual growth rate (CAGR) of approximately 9.50% over the forecast period. The report analyzes the admission management software market's drivers, restraints/challenges, and their effect on the demands during the projection period. In addition, the report explores emerging opportunities in the admission management software market.

Admissions software automates the application process and related tasks. With the help of this software, records can be stored and used in the following processes more quickly and transparently. Student admission software helps schools with the admission process, admission form collection, listing, and admission of the students using a single data input in the centralized database. The program simplifies the procedure, reduces the time and labor required, and enables faster information retrieval with just a few clicks. Data handling has become challenging on many levels. Therefore, utilizing an online admissions system is required. Admission software automates the admission process and related features. The student management system, ERP system, school/college accounting module, or institute management software are frequently combined with admission software.

Browse the full “Admission Management Software Market Size, Share, Growth Analysis Report By Component (Software and Services), By Deployment Model (Cloud and On-premise), By Application (Primary and Secondary Schools, University, Research Institute and Training Institution), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2028" report at https://www.fnfresearch.com/admission-management-software-market

The increasing adoption of technological solutions by educational institutions and the growing desire for enhancing efficiency and lowering operational costs are likely to fuel the expansion of the admission management software market. Every year, more students apply for admission to elementary and secondary institutions. Schools now find it difficult to offer the best option while evaluating applicants' potential using real-time data. Due to this, there is a high demand for admission software that can manage multiple connections and other registrations simultaneously. Online admission software is also dynamic and adjustable. Due to admissions software, schools can save on additional labor expenditures and staff person-hours. Over the next years, demand for admission software will continue to grow as prices decline and the number of applications rises. Security concerns, on the other hand, are key challenges that may impede the growth of the admission management software market. Automation's growing popularity provides industry participants a chance to build a solid consumer base.

Segmental Overview

The global admission management software market is segregated based on component, deployment type, application, and region. Based on components, the market is segregated into services and software. In 2021, the software segment dominated the global admission management software. Based on deployment mode, the market is segregated into on-premise and cloud. In 2021, the cloud category dominated the global admission management software. Based on application, the market is segmented into primary and secondary schools, universities, research institutes and training institutions. In 2021, the primary and secondary schools segment dominated the global admission management software.

Regional Overview

The global admission management software market is divided into geographic regions: North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. The Asia Pacific dominated the global admission management software market in 2021. This is due to Asia and the Pacific making up the greatest portion of the world population. The region has many students registered in institutions, making it difficult to manage the procedures. This encourages the region to embrace admission management software. Furthermore, because education is a fundamental human need, there are a huge number of students enrolled in various institutions. The increase in admissions from other countries (international students) comes with obligations. One of the main factors propelling the market forward is the adoption of admission management software, which can be used to evaluate student applications based on several aspects.

Report Scope

Competitive Landscape

Key players in the global admission management software market include Embark Corporation, Schoology, Ellucian Company LP, BlackBaud Inc., Creatrix Campus, Edunext Technologies Pvt. Ltd., Advanta Innovations, Campus Cafe, Hyland Software Inc.,  Orell TechnoSystems Pvt Ltd., and Dataman Computer Systems Pvt Ltd.

Recent Development:

• In October 2020: For the Free Application for Federal Student Aid (FAFSA), which gives more than USD 150 billion in grants, federal financial aid, and college scholarships, Embark Corporation worked with American consumer banking giant Sallie Mae. As part of the agreement, Embark would provide its free online management tool, which reduces the FAFSA completion time from 55 minutes to under 20 minutes by using straightforward language, straightforward navigation, and sage advice.

The Global Admission management software Market is segmented as follows:

By Component

• Software
• Services

By Deployment Model

• Cloud
• On-premise

By Application

• Primary and Secondary Schools
• University
• Research Institute
• Training Institution

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Nordic Countries
    • Denmark
    • Sweden
    • Norway
  • Benelux Union
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

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