Global Academic Software Market Value Projected to Reach USD 2380 Million By 2026

02-Mar-2020 | Facts and Factors

Findings from Facts and Factors report “Academic Software Market By Offering (Solution and Services), By Application (Library Management, Submission and Evaluation Management, Learning Management, Alumni Management, Student Management and Others (Appointment Scheduling, Performance Management)) and By End User (Retail, Technology/Hi-Tech Institutions, Government, Hospitality, Healthcare, Banking, Financial Services, and Insurance and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global academic software market in 2019 is approximately USD 850 Million. The market is expected to grow at a CAGR of 13 % and is anticipated to reach around USD 2100 Million by 2026.

Academic software is management software used for simplifying operations in educational institutions. It can be used for various applications ranging from language learning software to classroom management software to reference software, etc. This software assists in making academic management effective and efficient.

Browse the full “Academic Software Market By Offering (Solution and Services), By Application (Library Management, Submission and Evaluation Management, Learning Management, Alumni Management, Student Management and Others (Appointment Scheduling, Performance Management)) and By End User (Retail, Technology/Hi-Tech Institutions, Government, Hospitality, Healthcare, Banking, Financial Services, and Insurance and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" report at https://www.fnfresearch.com/academic-software-market-by-offering-solution-and-services-550

The academic software is designed to streamline operations such as library management, submission, and evaluation management, learning management, alumni management, student management, appointment scheduling, and performance management. The type of software depends upon the area of application. However, integrated software are available which can combine the inputs from multiple platforms. Integrated software is majorly used in central administration in large universities and colleges.

The demand for academic software has been rising worldwide. The major catalyst for an increase in demand for academic software has been the growing number of students globally. The number of students traveling across countries for education has been rising along with the number of students opting for higher education. Additionally, developing countries are witnessing a rise in the education sector wherein the number of student enrollments in higher education is increasing at a rapid pace. This growth in the number of students has augmented the importance of management platform for efficient and effective academic management which in turn has fuelled the demand for academic software in educational institutions. Further, automating the workflows, assignment tracking system, document management, reporting, etc., has increased in recent years.

The segmental analysis predicts the academic software solutions to occupy more than 70 % of the market share by 2026. The on-premise deployment is expected to dominate the global deployment type owing to its benefits such as customization and reduced dependency on vendors.

Among the applications, student management is expected to remain a major contributor in the global Academic Software market. The student management application is expected to contribute to more than 31 % of the global academic software market. Learning management and appointment scheduling are expected to remain major applications after student management.

Higher educational institutions are expected to generate major demand for the academic software market while contributing to more than 40 % of global revenue.  

Regional bifurcation splits the global academic software market into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. North America region is expected to continue with the trend of domination while accounting for more than 37 % of the global academic software market share. The Asia Pacific region is anticipated to witness the highest growth rate with an expected CAGR in the vicinity of 14% during the forecast period from 2019 to 2026. A higher growth rate is expected owing to the increasing number of an educational institutions to accommodate ever-increasing student populations, especially in China and India.

Report Scope

Some major players in the global Academic Software market covered in this report include

Award Force, CAMPUS CAFÉ SOFTWARE, AGB OnBoard, Campus Calibrate, Blackboard Inc., D2L Corporation, Envisio, Hyland Software,  Ex Libris Ltd., FULL FABRIC, Edvance360, PowerVista Software, Inc., Instructure, Inc., TrueDialog, Poll Everywhere, Tophatmonocle Corp., Populi, SurveyMonkey Apply, Thinkific, Wizehive, and Qualtrics.

This report segments the Academic Software Market as follows:

By Offering Segmentation Analysis

• Solutions
• Services

By Application Segmentation Analysis

• Library Management
• Submission and Evaluation Management
• Learning Management
• Alumni Management
• Student Management
• Others (Appointment Scheduling, Performance Management)

By Application Segmentation Analysis

• Retail
• Technology/Hi-Tech Institutions
• Government
• Hospitality
• Healthcare
• Banking, Financial Services, and Insurance
• Others

By Regional Segmentation Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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