The global scholarship management software market is anticipated to grow at a significant CAGR of 8.1% during the forecast period (2022-2028). The global scholarship management software market is growing due to its easy accessibility and encouraging a wider applicant pool globally. Scholarship management software creates process transparency and improves collaboration as numerous companies can provide their scholarship to the students. Additionally, this software also allows users to ensure fair and balanced decisions as the students can access all the decision-making processes in real-time.
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Furthermore, the increasing government initiatives for the development of infrastructure as a service-based solution are also driving the growth of the global scholarship management software market.The North American region is anticipated to hold a prominent share in the global scholarship management software market. This is due to the early adoption of advanced technology in this region and the presence of a wide range of scholarship programs.
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 December 2021, Utah State University started providing its new scholarship application system, Scholarship Universe which allows students to quickly and efficiently view scholarships that are available to them, giving them a personalized list of scholarships for which they meet the specific requirements.
- In October 2019, the New Jersey Institute of Technology announced a new way for students to connect with scholarship opportunities through Scholarship Universe — a ‘state-of-the-art’ digital scholarship-matching system aimed at maximizing funding for students.
- In June 2019, San Diego State University announced its partnership with Blackbaud, Inc. to improve the ease with which students are able to identify and receive scholarship funds,which will be the one-stop scholarship matching system.
Market Coverage
- The market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Application
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- AlaQuest International, Inc., FACTS, OMNI Solutions Group, Inc., Lift Interactive, and Award Spring, 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 Scholarship Management Software Market Report by Segment
By Application
- PC Terminal
- Mobile Terminal
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