North America Accreditation Management Software Market to Grow at a CAGR of 11.8% to reach US$ 79.1 Million from 2020 to 2027

The accreditation management software market in North America is expected to grow from US$ 33.9 million in 2019 and is projected to reach US$ 79.1 million by 2027; it is expected to grow at a CAGR of 11.8% from 2020 to 2027.

US held the large share of accreditation management software market followed by Canada and Mexico. However, the accreditation management software market in Canada is expected to grow at the highest CAGR. In the US, the accreditation depicts that institution which user is planning on attending for higher education are continuously assessed by an independent agency to ensure the quality of education provided to them. There are two types of accreditation available in the US are institutional and program-based accreditation. The institutional accreditation refers to the complete institution, whereas the program-based accreditation is related to individual programs of study inside the institution. Therefore, the US Department of Education maintains a database of accredited institutions & programs accessible. Therefore, stringent regulations are expected to support the growth of the accreditation management software market. However, the growing cybersecurity concerns might hamper the growth of the accreditation management software market. The growing adoption of cloud based solutions is creating opportunities for the companies operating in the accreditation management software market to achieve a significant market share. Based on deployment type, the cloud segment dominated the market, and based on enterprise size, the large enterprises segment held the largest share of accreditation management software market.

Due to emerging cases of corona across the region, steps have been taken to close all schools, universities, academic institutions, private & public companies, and more. Over two months after schools throughout began closing to slow the spread of the coronavirus, activities in the education industry hampered significantly. This is expected to slow down the growth of accreditation management software market in short term, however, the accreditation management software market will recover in the long term.

North America Accreditation Management Software Market Segmentation

North America Accreditation Management Software Market, by Deployment Type

• On-Premises
• Cloud

North America Accreditation Management Software Market, by Enterprise Size

• SMEs
• Large Enterprise

North America Accreditation Management Software Market, by Country

• US
• Canada
• Mexico

North America Accreditation Management Software Market-Companies Mentioned

• ARMATURE Solutions Corporation
• NextLOGiK
• Creatrix Campus
• Dossier Solutions
• Liaison International
• Openwater
• Qualtrax, Inc.
• SoftTech Health, LLC
• WizeHive, Inc.
• SPOL

North America Accreditation Management Software Market Report Scope

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