Academic Software Market Size, Share Global Analysis Report, 2020–2026

Industry Insights

[230+ Pages Report] According to the report published by Facts Factors, the global academic software market size was worth around USD xx million/billion in 2019 and is predicted to grow to around USD xx million/billion by 2026 with a compound annual growth rate (CAGR) of roughly xx% between 2020 and 2026. The report analyzes the global academic software market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the academic software market.

This specialized and expertise-oriented industry research report scrutinizes the technical and commercial business outlook of the academic software industry. The report analyzes and declares the historical and current trends analysis of the academic software industry and subsequently recommends the projected trends anticipated to be observed in the academic software market during the upcoming years.

The academic software market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire academic software market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of value (USD Million) from FY 2016 – 2026.

Key Insights from Primary Research

• Wide-ranging interviews with C-level executives of leading companies operating in the academic software market direct towards optimistic double-digit growth of the academic software market in the vicinity of CAGR 13 % till 2026 end.
• The representative estimated the global sales revenue of academic software to exceed USD 2,100 Million by 2026. These projections were further augmented through secondary research undertaken by our senior research analysts.
• The student management application is expected to continue with the highest demand in the global academic software market. The student management application is expected to occupy more than 31 % of the global academic software market share.
• Higher educational institutions are expected to generate maximum demand for academic software. This segment is expected to contribute to more than 40 % of global sales of academic software.
• Regionally, the North American region dominated the market in 2019 and is further expected to continue the trend with a projected market share in the proximity of 37 % by 2026. The respondents are also optimistic towards the Asia Pacific market to be the fastest-growing region in the coming years for the academic software market.

Key Recommendations from Analysts

• Our analysts recommend for focus on the Asia Pacific market where the academic software market holds the enormous future potential for growth.
• North American and European markets are expected to generate maximum revenue in near future. Technological advantages will play important role in increasing market share in a highly competitive environment.
• The student management segment will remain a major application. The demand is expected to rise in quantity and quality in near future as major universities and educational institutes are deploying student management software with increased importance.
• Furthermore, analysts predict the academic software market to foresee a steep rise in demand during the period 2022 to 2026. Our analysts also direct towards an increase in competition as more and more players are incorporating next-gen technologies into their software solutions thereby enhancing leading position in the market.

The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the academic software industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.

Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the academic software industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the academic software market.

The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the academic software industry. The academic software market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.

The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the academic software sector. Key strategic developments in the academic software market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the academic software market are appropriately highlighted in the report.

Significant growth in the number of students has been observed around the world. The number of students traveling abroad has been rising and the destination sources are also diversifying. The number of young people entering the peak education ages has increased in recent years, owing to growth in the global population. Further, developing countries are experiencing a tremendous increase in the number of students opting for higher education. To manage the student and alumni data, educational institutes are deploying new administrative software. Educational institutes, using administrative management software, can efficiently manage crucial data. This has created awareness among other institutes which in turn has increased the demand for academic software. The rising demand from educational institutions has been a primary factor in driving the growth of the academic software market.

Additionally, rising importance for student management, learning management has further increased the deployment of specific application academic software.

The academic software market research report delivers an acute valuation and taxonomy of the academic software industry by practically splitting the market on the basis of different offerings, applications, end-users and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026.

Report Scope

The regional segmentation of the academic software industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Further, country-wise data for the academic software industry is provided for the leading economies of the world.

The academic software market is segmented based on offerings, applications, and end-users.  On the basis of offering segmentation, the market is classified into solutions and services. In terms of application segmentation, the market is bifurcated into library management, submission, and evaluation management, learning management, alumni management, student management, and others (appointment scheduling, performance management). On the basis of end-user segmentation, the market is categorized into retail, technology/hi-tech institutions, government, hospitality, healthcare, banking, financial services, and insurance, and others.

Some of the essential players operating in the academic software market, but not restricted include

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

The taxonomy of the academic software industry by its scope and segmentation is 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