Accreditation Management Software Market Scope 2031
The accreditation management software market size is projected to reach US$ 434.01 million in 2023 from US$ 157.98 million by 2031. The market is expected to register a CAGR of 13.5% in 2023–2031.
The rising focus on compliance and quality assurance with increased productivity is likely to remain a key accreditation management software market trend.
Accreditation Management Software Market Analysis
The accreditation management software market is growing at a rapid pace due to the growing demand for connected devices among consumers, the growing population, and the increasing number of schools and colleges. The market is expanding steadily, driven by an increasing number of SMEs and government support for the expansion of small-scale businesses. Moreover, the rising demand for cloud-based accreditation management software is providing lucrative opportunities for market growth.
Accreditation Management Software Market Overview
The accreditation management software is used to streamline the accreditation processes in numerous industries, including education, manufacturing, healthcare, and others. The software facilitates tracking, management, and documentation of accreditation requirements and standards imposed by government authorities and regulatory bodies. The accreditation management software offers significant benefits to the user, including task automation, reporting capabilities, document management, and compliance tracking. Growing demand for accreditation management software among businesses, from improving process efficiency, eliminating manual errors, and enhancing compliance with regulatory bodies, is boosting the market during the forecast period.
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Accreditation Management Software Market: Strategic Insights
Market Size Value in US$ 98.79 Million in 2019 Market Size Value by US$ 252.64 Billion by 2027 Growth rate CAGR of 13.1% from 2020-2027 Forecast Period 2020-2027 Base Year 2020
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Accreditation Management Software Market: Strategic Insights
| Market Size Value in | US$ 98.79 Million in 2019 |
| Market Size Value by | US$ 252.64 Billion by 2027 |
| Growth rate | CAGR of 13.1% from 2020-2027 |
| Forecast Period | 2020-2027 |
| Base Year | 2020 |
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Accreditation Management Software Market Drivers and Opportunities
Growing Adoption of Accreditation Process in the Education Industry is Driving the Market
Accreditation is a critical step for educational institutions to maintain quality standards by ensuring compliance with regulations. This has resulted in an increased use of accreditation processes by educational institutions, driving the demand for accreditation management software. Accreditation software can assist educational institutions in streamlining their certification processes by saving time and resources while maintaining high-quality standards. However, the presence of a complex and time-consuming certification process is surging the demand for accreditation management software in the education industry.
Rising Demand for Cloud-based Accreditation Management Software – An Opportunity in the Accreditation Management Software Market
Growing demand for digital transformation increases the demand for cloud-based solutions among businesses to streamline accreditation processes is expected to create opportunities in the market. Businesses across the globe are increasing their spending on cloud computing to enhance security measures, centralize data, streamline processes, make data accessible from anywhere, and customize workflow. Cloud-based accreditation management software provides significant benefits to the user, including transparency, cost-effectiveness, scalability, flexibility, and effectiveness in managing the accreditation process for businesses. The software helps businesses to ensure that their products and services meet the required regulations and standards, leading to cost savings and improved customer service. Moreover, growing demand for real-time notification and updates and improving collaboration between stakeholders are creating demand for Cloud-based accreditation management software.
Accreditation Management Software Market Report Segmentation Analysis
Key segments that contributed to the derivation of the accreditation management software market analysis are deployment type and enterprise size.
- Based on deployment type, the market is divided into cloud and on-premises. The cloud segment held a larger market share in 2023.
- On the basis of enterprise size, the market is segmented into SMEs and large enterprises. The large enterprises segment held the largest share of the market in 2023.
Accreditation Management Software Market Share Analysis by Geography
The geographic scope of the accreditation management software market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America.
In terms of revenue, North America accounted for the largest accreditation management software market share, due to the technological advancement and increasing demand for cloud-based solutions. Cloud-based accreditation management software helps businesses in reducing the time and resources required for accreditation processes. Moreover, the rising demand for accreditation management software from numerous industries, including educational institutions, healthcare providers, and government agencies, to streamline complex accreditation processes by reducing costs is driving the market.
Accreditation Management Software Market Report Scope
Accreditation Management Software Market News and Recent Developments
The market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for accreditation management software and strategies:
- In April 2023, ARMATURE launched a new software product to support LCME-accredited medical schools. The new software product enables medical schools to streamline and manage their self-study (DCI) more effectively, saving significant time and resources. The product enables medical school staff to manage and coordinate all activities in one place using pre-configured templates, data collection tools, and processes. (Source: ARMATURE, Press Release, 2023)
- In February 2023, Christian Schools International introduced new accreditation management software ‘Jetpack’. The CSI accreditation process assures that a school is true to its mission and is integrating biblical perspectives within high-level educational standards. Jetpack helps support accredited schools in the continuous cycle of review and reflection that guides them in evaluating each component of their mission. (Source: Christian Schools International, Press Release, 2023)
Accreditation Management Software Market Report Coverage and Deliverables
The “Accreditation Management Software Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Deployment Type ; Enterprise Size
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The global accreditation management software market is expected to reach US$ 434.01 million by 2031.
The incremental growth expected to be recorded for the global accreditation management software market during the forecast period is US$ 276.03 million.
The key players holding majority shares in the global accreditation management software market are ARMATURE, Creatrix Campus, Dossier Solutions, Liaison International, and Openwater.
The global accreditation management software market was estimated to be US$ 157.98 million in 2023 and is expected to grow at a CAGR of 13.5% during the forecast period 2023 - 2031.
The rising focus on compliance and quality assurance with increased productivity is anticipated to play a significant role in the global accreditation management software market in the coming years.
The growing demand for connected devices among consumers, the growing population, and the increasing number of schools and colleges are the major factors that propel the global accreditation management software market.
- ARMATURE
- Creatrix Campus
- Dossier Solutions
- Liaison International
- Openwater
- Softtech Health, LLC
- Wizehive
- SPOL, a business unit of Cordance Operations LLC
- Virtual Atlantic, Inc.
- Heuristic Solutions
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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