The global educational software market is anticipated to grow at a CAGR of 10.5% during the forecast period (2022-2028). COVID-19 opened new opportunities for the education software market. Almost every educational institute converts their offline classes into online in order to continue the process. Therefore a surge in the demand for educational software is seen. Now after seeing the benefits of online teaching and learning, new ventures are on the way to grab the opportunity to invest in the educational software market.
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There are some educational institutes that solely depend on the online classroom, there the urge for continuous updates in the software in order to meet the requirement of different courses offered is increasing. The need for clean and efficient management in the school is a must, and educational software also helps them to keep all the records, entries, and communication in one place and easily accessible, which also propels the market for educational software.
The rising ubiquity of digital classrooms, together with increased awareness, is a crucial reason for the market’s growth. Additionally, the market demand is being driven by greater support from both public and private entities for deploying software for the benefit. Online learning platforms are the primary consumers who drive the educational software market. Every educational course is transforming into an e-learning course in order to increase its sales and reach out to the maximum population.
The rising ubiquity of digital classrooms, together with increased awareness, is a crucial reason for the market’s growth. Additionally, the increased support from both public and commercial entities in developing software for the advantages is driving market demand. Also, the demand for customized educational software increases nowadays, and people’s ability to pay for education is increased, therefore they try to get the customized software for every student in order to get the maximum benefit for the students, also growing the market of educational software. The introduction of new technologies with the most up-to-date features is providing the industry with a variety of growth chances. The increased demand for high-quality education in order to stand out among the crowd is also propelling the market forward.
Some major players in the market include Articulate Global, LLC, Microsoft, Tyler Technologies, Inc., Maximus, Inc., Merit Software, and MediaNet Solutions, Inc., among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market.
Companies and Software
Tyler Technologies, Inc. offers integrated enterprise school district software solutions. Tyler school solutions let K-12 schools use integrated district management software to break down information walls between departments.
Articulate Global, LLC offers Articulate 360, which contains all the creator tools and resources that an institute needs with continuous updates and new features.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Application
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Articulate Global, LLC, Microsoft, Tyler Technologies, Inc., Maximus, Inc., Merit Software, MediaNet Solutions, Inc., among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Educational Software Market Report by Segment
By Type
- On-Premises
- Cloud-Based
By Application
- School
- Distance Education
- Household
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