Student Information System Market

Global Student Information System Market Size, Share & Growth Report (2023-2028)

The global student information system market is determined to progress from $ 7.56 billion in 2022 to $ 11.10 billion by 2028, at an annual growth rate (CAGR) of 12.4% over the prognosis period.

The Student Information System (SIS) is digital software created for academic institutions to introduce structured information that integrates administration and manages student data. These systems generally include packets of software such as the student management system, the student information management system, the student registration system and alike. They have the ability to store and track all information about students, including attendance records, grades, school records, etc. It can be used by students, teachers, and parents to communicate and access relevant information about a student's education to inform students, make payments, and contact school officials. This software also provides features such as student registration for courses, documentation of student exam results, grades, transcripts and other assessment scores, creation of student schedules, attendance tracking and management of other data related to the students.

Student information system solutions are provided independently or as part of an integrated campus suite. These solutions are targeted at recruiting, professional development, student support and relationship management with graduates in the student field and provide more comprehensive campus and business management (ERP) functionalities. SIS solutions can provide educational institutions with greater agility, the ability to automate routine tasks, and the ability to take advantage of advanced artificial intelligence and other emerging technology tools to enhance the overall student and staff experience. The commercially available SIS solutions have the features and functionality that meet most of the student management needs of an establishment, but the choice of solutions is primarily based on geographic region, size of establishment, and mission of each educational entity.

Recent developments:

In October 2018, Oracle Corporation introduced its first comprehensive student life cycle platform, Oracle Student Cloud. It is a set of products that includes a student management function, as well as student recruitment, support and participation. The unique feature of Oracle Student Cloud is its ability to integrate with other Oracle Campus Solutions educational software.

Impact of Covid-19 on the Student Information System Market:

COVID-19 pandemic had adverse effects on the global economy by directly impacting production and demand, supply chain disruption, and financial impact on business markets. The student information system market is foreseen to develop in the coming years with the increasing online study packages offered by leading universities and colleges around the world.

Growth and market trends:

Educational institutions are looking for a solution that can easily align with their internal processes and improve their efficiency. With the rising concentration on the operational efficiency of academic institutions, the call for the student information system is expanding globally. Institutions take advantage of the student information system to improve the quality of education and keep spending to a minimum.

The cloud-based solution reduces overall costs while providing highly flexible and scalable access to solutions. Businesses are deploying student information systems in the cloud to improve mobility and scalability. The security of the student information system is greater in the type of local implementation; however, the cloud-based student information system allows organizations to reduce solution, storage and technical staff costs. Because of these benefits, many vendors are switching from local deployment mode to SaaS software.

Market Drivers and Restraints:

The emphasis placed by educational institutions on improving the quality of education and facilitating communication between students and teachers, parents and teachers, and within departments, and government initiatives widespread for technological advancements in the education sector proliferate the integration of various educational systems, such as the student information management system, driving the growth of the global market. However, the lack of awareness on the part of educational institutions of student information systems is a major factor hampering the growth of the market for student information systems.

Factors such as the growing penetration of the Internet and mobile devices around the world, the digital transformation of the education sector and the growth of Over the Top (OTT) media services are the main drivers driving adoption of the student information system (SIS). Today, several suppliers offer integrated SIS applications with advanced analysis and artificial intelligence (AI) capabilities. In addition, other factors such as the rise of the Internet of Things (IoT), 5G telecommunications technology and advanced computing are expected to drive market growth.

STUDENT INFORMATION SYSTEM MARKET REPORT COVERAGE:

Student Information System Market segmentation:

The global student information system market was divided based on the component, user type and the deployment type.

Student Information System Market By Component Type:

the solution segment is expected to hold the largest market size during the forecast period

Student Information System Market By User Type:

the market has been separated into K-12 education and higher education. The SIS for higher education was the most dominant segment in 2015 and is expected to continue in this way during the forecast period. The growth in the number of universities, the acquisition of educational materials such as projectors, tablets, interactive whiteboards, the exchange of digital content, the implementation of social learning and gamification animate the system of of students around the world.

Student Information System Market By Deployment Type:

the market for student information systems has grown in the cloud and on-site. The local segment is expected to dominate the student information systems market over the forecast period. The cloud deployment type is expected to grow to a higher CAGR during the forecast period

Regional Analysis:

By geography, the global student information systems market is studied across Europe, North America, Asia-Pacific, Latin America and the Middle East and Africa. North America had a significant market share in 2015 and is expected to remain dominant throughout the forecast period. The growing preference for implementing software solutions to help students and school management is an important factor in this region. The United States is one of the major markets for the student information system in North America.

Key market players:

The main players described in the global student information system market are SAP SE, Workday, Inc., Jenzabar, Inc., Skyward, Inc., Tribal Group, Oracle Corporation, Illuminate Education, Ellucian Company LP, Arth Infosoft Pvt. Ltd., Foradian Technologies, Campus Management Corp. and ComSpec International, Inc.