Market Research Report
Global Student Information System Market - 2021-2028
|Global Student Information System Market - 2021-2028|
Published: January 7, 2022
Content info: 180 Pages
Delivery time: 2 business days
The global student information system market size was worth US$ XX million in 2020 and is estimated to record significant growth by reaching up to US$ XX million by 2028, growing at a CAGR of XX% within the forecast period (2021-2028).
A student information system, also known as a student management system, school administration software, or student administration system, is a student data management information system used in educational institutions. The module is designed to track, store and manage student data such as grades, attendance, interpersonal activity records and any other type of data generated by a school.
Students' registration information, admission details, fees payment status, hostel billing, scholarships, or other financial aid provision and other information can be exchanged with teachers, students, and parents to make the entire enrollment process swift, systematic, and error-free. Furthermore, all of the kids' data may be saved in a single location and all stakeholders can be given role-based login access to ensure 100 percent student data protection.
The growing adoption of digital education and the rapidly evolving education sector has created a demand for student information systems in recent times. Increasing government initiatives to support quality education and adopt growing technological advancement regularly has increased the demand for SISs across the globe
Increasing government initiatives to support quality education and adopt growing technological advancement regularly has increased the demand for SISs across the globe
Educational institutions and governments globally are putting a lot of money into education. Several educational institutions have already implemented ERP, eLearning, Learning Management Systems (LMS) and smart education, among other cutting-edge solutions, to improve internal processes while ensuring quality education. They have implemented various programs to improve the standard of eLearning.
Educational institutions are also implementing SIS to collaborate and communicate with students, parents effectively and faculty members, among other stakeholders, to keep track of all students, enable educators to create educational content tailored to students' learning needs and improve the overall learning experience.
For instance, the Chinese government invests in technology initiatives to close the gap between rural and urban education quality. They've set up a live-streaming network that connects hundreds of pupils scattered over China's countryside.
Growing internet penetration coupled with increasing advancements has created a huge market base for SISs in recent times
The growing usage and demand of the internet have shifted major sectors online to make various processes easy and up to date. SIS in the education sector is the most recent and effective module set by the sector to better track students.
As part of bigger digital transformation programs to improve the student experience, SIS is being introduced throughout educational institutes, from payroll to student lifecycle tracking to administration. All the advancements in the education sector are expected to boost the SIS market's growth. The market's SIS solutions contain features and functionality that cover most of a school's student-management requirements.
On the other hand, the choice of solutions is mostly determined by the geographic region, the institution's size, and the educational entity's objective. Furthermore, with the advancement of AI technology, SIS software is predicted to become more engaged and active in a student's academic career. The market also benefits from the migration of SIS software to cloud-based deployment.
For instance, on October 30, 2018, Oracle Student Cloud has launched its First Complete Student Lifecycle Platform, including student management, focused on support for traditional programs.
The high cost of student information systems coupled with the requirement of good internet connectivity has hampered the growth of the student information system market
Minor technological problems are common in applications and these systems are no exception, but ratification is instantaneous. The software can only be used by persons who use cellphones or computers regularly. The application's extensive modules and features make it tough for users to use it. The program is prone to performance issues when there is a high traffic volume.
Few enterprises sell their products at exorbitant prices that are out of reach for small businesses. A user's ability to obtain information is hampered by the lack of a good internet network, which is a big drawback. Although the possibility of data misuse is inconvenient, all of these problems may be avoided by selecting appropriate, cost-effective and finest software for an organization's needs.
The global pandemic has caused chaos in every aspect of the economy. While it has been marginally easier for MNCs and professionals to accept work from home as the new normal and continue doing business as usual, global education system has been challenged. Various concerned researchers, citizens, politicians and bureaucrats agree that the education system needs to be reimagined and reinvented with so many disruptions.
Schools are altering the old education system by implementing virtual classrooms and are now more dependent on SISs to keep a better track of their students. The abrupt switch is not limited to private institutions; many public schools have also begun to use student information systems.
Thus, despite the severe crisis, it advances schools and even colleges in terms of technology, accelerating the market share for student information systems during the pandemic phase.
The global student information system market is bifurcated based on components, deployment, application, end-user and region.
The demand for SIS software is rising globally as educational institutions place a greater emphasis on operational efficiency
The global student information system market based on components is segmented into software and service. In 2020, the software segment accounted for most of the market share. Increasingly, educational institutions are looking for solutions that can readily fit with their internal procedures and boost productivity. The demand for SIS software is rising globally as educational institutions place a greater emphasis on operational efficiency.
Furthermore, colleges are utilizing SIS to improve the quality of education while reducing costs. Some of the important elements driving the growth of the software segment include ease of maintenance, flexible pricing structures and simple deployment.
Student information system software is designed to help educators take advantage of digital transformation to achieve significant educational goals like better outcomes, more efficient operations and higher institutional rankings.
The increasing availability of advanced educational technologies and leading market participants in the North American region is boosting the market growth for student information systems in the region
In terms of revenue, the market in North America dominates the global student information system market, owing to the increasing awareness among higher educational institutions in the region. The adoption of cloud, IoT, mobility, big data, analytics and digital transformation is strongest in North America.
Some of the reasons contributing to the market's growth in North America are the presence of many student information system solution vendors, ongoing technological improvements and the availability of skilled technical talent. Various providers such as Oracle Corporation, SAP SE, Workday Inc. and Jenzabar Inc. and a higher possibility to upgrade SIS software with new technologies are projected to aid the region's market position.
Furthermore, the regional market is predicted to grow due to increased demand for SIS implementation in colleges to improve student and school administration. Because of expanding educational tourism and high annual foreign student arrivals in nations like France, Germany and the United Kingdom, Europe follows North America
The student information system market is highly competitive with the presence of local as well as global companies. Some prime companies contributing to the market's growth include Oracle Corporation, Ellucian Company L.P, Campus Management Corp, Workday Inc, SAP SE, Jenzabar Inc, Skyward, Inc, Illuminate Education, Foradian Technologies, Beehively and among others.
The major companies are adopting several growth strategies such as acquisitions, product launches, and collaborations, contributing to the global growth of the student information system market.
For instance, On April 30, 2018, Oracle has completed the acquisition of Vocado, which provides a leading student-centric, cloud-based financial aid solution for higher education institutions.
Overview: Workday is a leading provider of financial and HR cloud applications for businesses. Workday, founded in 2005, provides human capital management, financial management and analytics software to the world's leading corporations, educational institutions and government agencies. Workday has been chosen by over 1,000 companies, ranging from small businesses to Fortune 50 corporations.
Workday Student: The company has designed a system focused on students only. The system is entirely built for student engagement that shows flexibility to adapt to change and has the efficiency to focus on student success.
Furthermore, Workday has created a modern student system tailored to the needs of universities and colleges, preparing them for now and tomorrow by assisting them in transforming how they recruit, serve and retain their students, ultimately preparing them to follow relevant career pathways.
For instance, on September 27, 2016, Workday, Inc. has announced the availability of Workday Student, an end-to-end student information system built for the evolving needs of higher education.
Visualize the global student information system market segmentation by component, deployment, application, end-user and region, highlighting key commercial assets and players.
Identify commercial opportunities in the global student information system market by analyzing trends and co-development deals.
Excel data sheet with thousands of data points of global student information system market-level 4/5 segmentation.
PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
Product mapping in excel for the key product of all major market players
The global student information system market report would provide approximately 69 market data tables, 61 figures and 180 pages.
Target Audience 2022
Service Providers/ Buyers
Education & Research Institutes