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Education ERP market size is estimated to be valued around USD 15 billion by 2024, growing at a CAGR of around 15% from 2016 to 2024.
The ERP system helps in monitoring business resources, such as cash, raw materials, manufacturing capacity, and track position of purchase demands and payroll. The rising demand for administrative applications accompanied by the increasing acceptance of automated system has made the transmission of information exceptionally flexible and sophisticated for end users. These systems enable the integration of numerous functions of an organization in real time to sustain and manage databases efficiently. In educational institutions, these systems are used to govern the admission status & manage the employee payroll. Furthermore, the need to secure organizations’ vital data may fuel the education ERP market growth from 2016 to 2024.