The global school accounting software market is anticipated to grow at a significant CAGR during the forecast period (2022-2028). School accounting software helps to ease the accounting process and helps to access up-to-date financial information and financial status in real-time. The global school accounting software market is growing due to the increasing investment by the schools in installing modern staff management and financial management solutions. The increasing penetration of internet, smart phones and other smart devices is also boosting the growth of the market. The global school accounting software market is growing as the providers are providing customized solutions as per individual requirements of different institutes. Additionally, the rise in technological advancement is also transforming the educational institution to adopt cloud-based software that offers better accessibility to portal features.
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The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new launches, to stay competitive in the market. For instance-
- In October 2021, Rediker Software, Inc. partnered with Connect1 to better engage the K-8 Catholic School community.
- In May 2021, KEV Group announced that Saskatoon Public Schools has chosen the School Cash platform to enhance its ability to manage school activity funds. Moreover, the San Diego Unified School District (SDUSD) has selected the SchoolCash platform to standardize its activity fund management system and consolidate and expand its online payment capabilities.
- In March 2021, Rediker Software, Inc. announced improved integrated payment processing services for schools that deliver faster payment processing to save schools’ money and drive better value.
- In December 2019, KEV Group announced their partnership with PSST, LLC, as their exclusive School Activity Fund Management integration partner.
Market Coverage
- The market number available for – 2022-2028
- 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- Blackboard Inc., Oracle, Ellucian Company L.P., Education Software Solutions Ltd., and McGraw Hill,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 School Accounting Software Market Report by Segment
By Type
- On-Cloud
- On-Premise
By Application
- Schools
- Colleges
- Other Educational Institutes
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