PUBLISHER: The Business Research Company | PRODUCT CODE: 1484876
PUBLISHER: The Business Research Company | PRODUCT CODE: 1484876
Student enrollment management software refers to digital solutions designed to streamline and automate processes related to student enrollment, including registration, admissions, course selection, and administrative tasks within educational institutions. It is utilized to enhance administrative efficiency, improve student experiences, optimize enrollment processes, and analyze data for informed decision-making in educational institutions.
The main types of student enrollment management software are cloud-based and on-premises. Cloud-based student enrollment management software is hosted on remote servers and accessed through the internet, offering flexibility and scalability to institutions. It is deployed based on hosted and installed modes in subscription and one-time pricing models, and finds applications in schools, universities, training institutions, and others.
The student enrollment management software market research report is one of a series of new reports from The Business Research Company that provides student enrollment management software market statistics, including student enrollment management software industry global market size, regional shares, competitors with a student enrollment management software market share, detailed student enrollment management software market segments, market trends and opportunities, and any further data you may need to thrive in the student enrollment management software industry. This student enrollment management software market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The student enrollment management software market size has grown rapidly in recent years. It will grow from $2.39 billion in 2023 to $2.71 billion in 2024 at a compound annual growth rate (CAGR) of 13.7%. The growth observed during the historic period can be attributed to several factors, including increasing demand for digitalization in the education sector, the growth of online learning platforms, rising student enrollment rates, the need for efficient administrative processes, and the evolving regulatory landscape.
The student enrollment management software market size is expected to see rapid growth in the next few years. It will grow to $4.56 billion in 2028 at a compound annual growth rate (CAGR) of 13.8%. The forecasted growth can be attributed to several factors, including the adoption of cloud-based solutions, a focus on personalized learning experiences, increasing competition among educational institutions, the demand for mobile-friendly platforms, and an emphasis on cybersecurity measures. Major trends expected in the forecast period include the use of predictive analytics for enrollment forecasting, integration of gamification elements in enrollment processes, the rise of chatbots for student support services, implementation of blockchain technology for secure credential verification, and partnerships between software providers and educational institutions.
The heightened emphasis on enhancing student experience and satisfaction is poised to act as a significant driver for the burgeoning growth of the student enrollment management software market in the forthcoming years. Student experience and satisfaction encompass the holistic perception and contentment levels of students regarding their educational journey, spanning various facets such as academic support, campus environment, resources, and engagement opportunities. This increasing focus stems from several factors, including heightened competition among educational institutions, evolving student expectations, and the acknowledgment of the pivotal link between student satisfaction and institutional success. Student enrollment management software plays a pivotal role in amplifying the focus on student experience and satisfaction by streamlining administrative workflows, facilitating personalized communication channels, and furnishing actionable insights to refine student engagement and retention strategies. Illustratively, data released by the National Center for Education Statistics (NCES) in October 2023 underscores the financial growth within the education sector, with colleges and universities witnessing a 34% surge in endowment funds to reach $927 billion by the end of fiscal year 2021. Additionally, insights from the 2021 National Student Satisfaction Report by the Educational Resources Information Center (ERIC) reveal high satisfaction rates among online learners (73%) and two-year institution students (65%), underscoring the significance of prioritizing student experience and satisfaction in driving market growth.
Leading players in the student enrollment management software landscape are intensifying their efforts towards innovation, particularly by incorporating artificial intelligence (AI) and automation into enrollment systems to gain a competitive edge. The integration of AI and automation within student enrollment management software holds immense promise in enhancing the enrollment journey for students, streamlining administrative processes for educational institutions, and facilitating data-driven decision-making. A notable instance is observed in Watermark LLC's integration of generative AI into its higher education tools in September 2023. This integration introduces transformative features such as outcome generation, curriculum vitae (CV) parsing, personalized experiences, operational efficiencies, and ethical AI development, thereby refining recruitment and enrollment strategies while ensuring a student-centric approach and institutional effectiveness.
In November 2023, Flywire Corporation, a prominent US-based payments and software entity, acquired StudyLink for $39 million. This acquisition underscores Flywire's commitment to fortifying its position in the education sector, with StudyLink, an Australia-based software as a service (SaaS) provider, bringing its cloud-based student admissions solution, StudyLink Connect, into Flywire's ecosystem. This strategic alignment not only reinforces Flywire's market presence but also augments its suite of offerings tailored for the education sector, thereby positioning the company for sustained growth and global expansion opportunities.
Major companies operating in the student enrollment management software market are Salesforce Inc., Workday Inc., K-12, Blackbaud Inc., Ellucian, PowerSchool, Infinite Campus, Hobsons Inc., Illuminate Education Inc., Campus Management Corp., Ex Libris Group, Jenzabar Inc., Skyward Inc., Snowman Software, Teachmint, SchoolMint Inc., FileInvite, TADS, TargetX, CampusLogic Inc., Technolutions, AdmitHub inc., Kira Talent, AlaQuest International Inc. (Foundant Technologies), Populi Inc., SchoolAdmin LLC, Augusoft Inc., PCR Educator, Smart Choice Technologies Inc., Symplicity Corporation
North America was the largest region in the student enrollment management software market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the student enrollment management software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the student enrollment management software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The student enrollment management software market includes revenues earned by entities by providing services such as automated follow-ups, inquiry management, admission analytics, task management, and setting parameters for lead prioritization. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Student Enrollment Management Software Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on student enrollment management software market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for student enrollment management software ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The student enrollment management software market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.