Accreditation Management Software Market Size, Trends and Growth Analysis by 2027

The global market for accreditation management software was valued at approximately US$ 98.79 million in 2019 and is anticipated to grow to US$ 252.64 million by 2027. This growth represents a compound annual growth rate (CAGR) of 13.1% from 2020 to 2027.

Accreditation management software plays a crucial role for various entities, including educational institutions, associations, universities, and governmental organizations. These tools facilitate essential processes such as validation, assessment, feedback collection, tracking outcomes, and managing international accreditation efforts. The increasing global population and the rising number of educational institutions are significant factors propelling the education sector forward, which in turn fuels the demand for accreditation management software. Furthermore, regulatory bodies are enforcing accreditation requirements across organizations of all sizes, thereby enhancing the need for such software solutions. Additionally, the surge in small businesses, supported by government initiatives, is also driving the adoption of accreditation software, as accreditation bodies are formed to guide small and medium enterprises (SMEs) towards advancement.

The accreditation management software market is categorized based on deployment type, enterprise size, and geographical regions. In terms of deployment, the market is divided into cloud-based and on-premises solutions. When considering enterprise size, the market is segmented into small and medium enterprises (SMEs) and large enterprises. Geographically, the global market is divided into North America, Europe, Asia Pacific, the Middle East and Africa, and South America.

Key players in the accreditation management software market include established companies such as Armature, Compwalk, Dossier Solutions, Liaison International, Qualtrax, Softtech Health, LLC, Spol, and Wizehive.

Impact of the COVID-19 Pandemic on the Accreditation Management Software Market

The COVID-19 pandemic, which originated in Wuhan, China, in December 2019, has rapidly spread worldwide. By June 2020, countries such as the United States, Italy, Spain, Germany, China, France, Iran, India, and the United Kingdom were among the most severely affected in terms of confirmed cases and fatalities. In response to the pandemic, many nations implemented lockdown measures that affected schools, universities, colleges, businesses, and factories. This disruption has had a significant impact on both the education and corporate sectors, where accreditation is vital. Consequently, the closure of numerous sectors has led to a decline in the demand for accreditation management software.

The size of the global accreditation management software market has been determined through a combination of primary and secondary research methods. The research process began with extensive secondary research, utilizing both internal and external sources to gather qualitative and quantitative data relevant to the market. This approach also aimed to provide an overview and forecast of the accreditation management software market across all segments. Furthermore, it offers insights and projections based on the various segments across five major regions: North America, Europe, Asia Pacific, the Middle East and Africa, and South America. To validate the data and gain deeper analytical insights, multiple primary interviews were conducted with industry participants and experts. These participants typically include industry professionals such as Vice Presidents, business development managers, market intelligence managers, and national sales managers, as well as external consultants like valuation experts, research analysts, and key opinion leaders specializing in the accreditation management software sector.