Market Overview:
The global education finance and accounting software market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing adoption of cloud-based and web-based education finance and accounting software by schools across the globe. In addition, the growing demand for advanced financial management solutions among schools is also contributing to the growth of this market. North America is expected to lead the global education finance and accounting software market during the forecast period, followed by Europe and Asia Pacific.
Product Definition:
Education Finance and Accounting Software is used to manage the financial affairs of a school or college. It helps to keep track of income and expenditure, budgeting, and other financial matters.
Cloud-Based:
Cloud-based software is a type of software system that provides services over the internet. It's an umbrella term for all types of remote access software, including web-based, cloud-based and on premise (PC/Mac based) solutions. Cloud computing has changed the way people do business around the world by allowing organizations to store their data in cyberspace and make it available to employees or customers anywhere in the world with just a few clicks.
Web-Based:
The global web-based and it's usage in education finance and accounting software market size was valued at USD 0.92 billion in 2016. It is expected to expand at a CAGR of XX% over the forecast period.
Application Insights:
The K-12 schools segment accounted for the largest revenue share of over 60% in 2017. The growth can be attributed to the increasing number of school districts adopting GEFA software as it helps in tracking and accounting for financial resources spent on various educational activities such as staff salaries, textbooks, lab equipment and materials, pupil transportation etc. Furthermore, GEFA also provides real-time reporting to track student progress which is boosting its adoption across schools.
The higher education segment is expected to witness significant growth over the forecast period due to rising government funding initiatives for students pursuing degrees at public universities and colleges. For instance; The Canada Student Loans Program (CSLP) was introduced by the Government of Canada in January 2018 under which loans up to C,000 are provided by Canadian banks along with partial subsidies from province/territory governments depending upon region (Atlantic Provinces & Labrador).
Regional Analysis:
North America dominated the global market in 2017. The U.S., in particular, is a major contributor to the growth of this regional market due to the presence of a large number of private and public schools that are using various types of software for financial management purposes. Moreover, increasing investments by governments in order to improve education infrastructure is expected to drive demand over the forecast period.
Asia Pacific region accounted for more than 25% share owing to increasing government spending on education sector coupled with rising awareness regarding educational opportunities across countries such as China and India, which are among top 10 contributors towards school-related expenditure globally (OECD 2015). Furthermore, growing penetration rates for e-learning programs supported by digitalization will further boost demand over next eight years or so (OECD 2016). However, some developing countries such as Brazil may face challenges due their rapidly aging population coupled with decreasing birth rate; thus reducing future workforce potential (UNESCO Institute for Statistics 2012).
Growth Factors:
- Increasing demand for skilled accountants and financial professionals
- Rapid growth of the e-commerce sector and the need for accurate financial tracking and reporting
- The increasing complexity of global tax laws and regulations
- Growing demand from small businesses for affordable, easy-to-use accounting software
- The increasing use of cloud-based solutions in education finance and accounting
Scope Of The Report
Report Attributes
Report Details
Report Title
Education Finance and Accounting Software Market Research Report
By Type
Cloud-Based, Web-Based
By Application
K-12 Schools, Higher Education School
By Companies
Infinite Campus, Ellucian, PowerSchool Group, Senior Systems, Campus Management Corp., Infospeed, e-Zone International, Foradian Technologies, The Access Group, Food Service Solutions, Allovue, d6 Technology, EduAdmin Corporation, Arth Infosoft, Cyber Soft Solutions, Frontline Education, iSAMS, MyClassboard, PCR Educator, PraxiPower, ProClass (APLAF), Specialized Data Systems, SmartClass, Akira Software Solutions, Yash Apps & Software Services, Advanta Innovations, Mantic Software, Classlife Education, Classter, Leo C.H.C.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
132
Number of Tables & Figures
93
Customization Available
Yes, the report can be customized as per your need.
Global Education Finance and Accounting Software Market Report Segments:
The global Education Finance and Accounting Software market is segmented on the basis of:
Types
Cloud-Based, Web-Based
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
K-12 Schools, Higher Education School
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Infinite Campus
- Ellucian
- PowerSchool Group
- Senior Systems
- Campus Management Corp.
- Infospeed
- e-Zone International
- Foradian Technologies
- The Access Group
- Food Service Solutions
- Allovue
- d6 Technology
- EduAdmin Corporation
- Arth Infosoft
- Cyber Soft Solutions
- Frontline Education
- iSAMS
- MyClassboard
- PCR Educator
- PraxiPower
- ProClass (APLAF)
- Specialized Data Systems
- SmartClass
- Akira Software Solutions
- Yash Apps & Software Services
- Advanta Innovations
- Mantic Software
- Classlife Education
- Classter
- Leo C.H.C.
Highlights of The Education Finance and Accounting Software Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cloud-Based
- Web-Based
- By Application:
- K-12 Schools
- Higher Education School
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Education Finance and Accounting Software Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Education finance and accounting software is a computer application used by educators to manage financial information for schools, colleges, universities, and other educational institutions. The software can include features such as budgeting, invoicing, payroll processing, and tracking of student enrollment data.
Some of the major players in the education finance and accounting software market are Infinite Campus, Ellucian, PowerSchool Group, Senior Systems, Campus Management Corp., Infospeed, e-Zone International, Foradian Technologies, The Access Group, Food Service Solutions, Allovue, d6 Technology, EduAdmin Corporation, Arth Infosoft, Cyber Soft Solutions, Frontline Education, iSAMS, MyClassboard, PCR Educator, PraxiPower, ProClass (APLAF), Specialized Data Systems, SmartClass, Akira Software Solutions, Yash Apps & Software Services, Advanta Innovations, Mantic Software, Classlife Education, Classter, Leo C.H.C..
The education finance and accounting software market is expected to register a CAGR of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Education Finance and Accounting Software Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Education Finance and Accounting Software Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Education Finance and Accounting Software Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Education Finance and Accounting Software Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Education Finance and Accounting Software Market Size & Forecast, 2018-2028
4.5.1 Education Finance and Accounting Software Market Size and Y-o-Y Growth
4.5.2 Education Finance and Accounting Software Market Absolute $ Opportunity
Chapter 5 Global Education Finance and Accounting Software Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Education Finance and Accounting Software Market Size Forecast by Type
5.2.1 Cloud-Based
5.2.2 Web-Based
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Education Finance and Accounting Software Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Education Finance and Accounting Software Market Size Forecast by Applications
6.2.1 K-12 Schools
6.2.2 Higher Education School
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Education Finance and Accounting Software Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Education Finance and Accounting Software Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Education Finance and Accounting Software Analysis and Forecast
9.1 Introduction
9.2 North America Education Finance and Accounting Software Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Education Finance and Accounting Software Market Size Forecast by Type
9.6.1 Cloud-Based
9.6.2 Web-Based
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Education Finance and Accounting Software Market Size Forecast by Applications
9.10.1 K-12 Schools
9.10.2 Higher Education School
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Education Finance and Accounting Software Analysis and Forecast
10.1 Introduction
10.2 Europe Education Finance and Accounting Software Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Education Finance and Accounting Software Market Size Forecast by Type
10.6.1 Cloud-Based
10.6.2 Web-Based
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Education Finance and Accounting Software Market Size Forecast by Applications
10.10.1 K-12 Schools
10.10.2 Higher Education School
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Education Finance and Accounting Software Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Education Finance and Accounting Software Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Education Finance and Accounting Software Market Size Forecast by Type
11.6.1 Cloud-Based
11.6.2 Web-Based
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Education Finance and Accounting Software Market Size Forecast by Applications
11.10.1 K-12 Schools
11.10.2 Higher Education School
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Education Finance and Accounting Software Analysis and Forecast
12.1 Introduction
12.2 Latin America Education Finance and Accounting Software Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Education Finance and Accounting Software Market Size Forecast by Type
12.6.1 Cloud-Based
12.6.2 Web-Based
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Education Finance and Accounting Software Market Size Forecast by Applications
12.10.1 K-12 Schools
12.10.2 Higher Education School
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Education Finance and Accounting Software Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Education Finance and Accounting Software Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Education Finance and Accounting Software Market Size Forecast by Type
13.6.1 Cloud-Based
13.6.2 Web-Based
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Education Finance and Accounting Software Market Size Forecast by Applications
13.10.1 K-12 Schools
13.10.2 Higher Education School
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Education Finance and Accounting Software Market: Competitive Dashboard
14.2 Global Education Finance and Accounting Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Infinite Campus
14.3.2 Ellucian
14.3.3 PowerSchool Group
14.3.4 Senior Systems
14.3.5 Campus Management Corp.
14.3.6 Infospeed
14.3.7 e-Zone International
14.3.8 Foradian Technologies
14.3.9 The Access Group
14.3.10 Food Service Solutions
14.3.11 Allovue
14.3.12 d6 Technology
14.3.13 EduAdmin Corporation
14.3.14 Arth Infosoft
14.3.15 Cyber Soft Solutions
14.3.16 Frontline Education
14.3.17 iSAMS
14.3.18 MyClassboard
14.3.19 PCR Educator
14.3.20 PraxiPower
14.3.21 ProClass (APLAF)
14.3.22 Specialized Data Systems
14.3.23 SmartClass
14.3.24 Akira Software Solutions
14.3.25 Yash Apps & Software Services
14.3.26 Advanta Innovations
14.3.27 Mantic Software
14.3.28 Classlife Education
14.3.29 Classter
14.3.30 Leo C.H.C.
