Faculty management at schools, colleges and universities is a complex process. Handling these operations manually is challenging. Faculty management solutions are used to manage the activities involved in the education industry. These solutions help achieve optimum performance of the education industry. Faculty management solutions are designed for institutions such as colleges, schools, and universities to enable systematic, efficient, and smooth day-to-day functioning. The faculty management software solutions maintain faculty information.
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Increase in need for an efficient management system in the education industry is a major factor driving the global faculty management solutions market. Faculty management solutions allow schools, colleges, and higher education institutions to manage admissions, enrollment, student’s fees, scheduling daily task, assignments, grades, and library of the institution. Moreover, these solutions generate automated reports which help in decision-making. A faculty management solution is used by the faculty team to customize teaching schedules and maximize class assignments. This helps maintain and optimize faculty workload for courses and improve the overall performance. The companies operating in the faculty management solutions offer cloud-based solutions which allows the faculty to store massive data, which can be accessed from any location. Smart faculty management solutions are projected to create lucrative opportunities in the global faculty management solutions market.
The global faculty management solutions market can be segmented based on component, type, operating system, organization size, end-user, and region. In terms of component, the market can be bifurcated into software and services. The software segment can be further classified into workload management, performance management, feedback management, faculty scheduling, research information system management, performance tracking, payroll management system, and others (including exam management and classroom management,). The service segment can be sub-segmented into installations and integration, training, and maintenance and support. Based on type, the faculty management solutions market can be segregated into web-based and mobile app. In terms of operating system, the market can be categorized into Windows, UNIX, Android, Mac, iOS, and Linux. The Windows segment is likely to dominate the market during the forecast period due to wide acceptance of the operating system across the globe. In terms of organization size, the market can be divided into small and medium size and large size. Based on end-user, the global faculty management solutions market can be classified into faculty, IT admin, and management. Faculty management solutions are used by management end-users to study or observe faculty workload and performance, mentor performance, and research & development activities. The IT admin end-user uses faculty management solutions for capturing faculty information which includes academic & professional data, scheduling, workload, and reminders.
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Based on region, the global faculty management solutions market can be split into North America, South America, Europe, Asia Pacific, and Middle East & Africa. North America dominates the global market due rapid adoption of these solutions for tracking student activities via a portal in the education industry. The market in Europe is estimated to expand at a rapid pace during the forecast period due to high adoption of faculty management solutions in the education industry. Demand for these solutions in Asia Pacific is estimated to rise owing to the increase in IT spending in the education industry. Moreover, growth in the education industry further boosts the market in the region.
Companies operating in the global faculty management solutions market offer subscription and perpetual pricing models. The pricing of the solutions can differ according to the type and size of the university, school, college, or institution. Key companies operating in the market include Deskera Holdings Ltd., Creatrix Campus, Jupsoft Technologies Pvt. Ltd., Qmarksoft Services, Classpie, MMI Software Pvt. Ltd., MasterSoft ERP Solutions Pvt.Ltd., Flexidata.vn., Hex Technologies Private Limited, Hex Technologies Private Limited, SynapseSoftech, Holistic Educational Private Limited (HEPL), Cryztal Technologies, Infobizzs Services Pvt Ltd, and Fiscot Inc.