The global student information system market size was valued at USD 7.87 billion in 2020 and is estimated to reach USD 25.58 billion by 2028, expanding at a CAGR of 16.4% during the forecast period, 2021–2028. The growth of the market is attributed to the expanding internet penetration, rising online education, rapid changing educational landscape, and growing use of mobile devices.
Student information system (SIS) is a software or web-based platform that allows learning institutions to upload data for better management and clarity. Parents, teachers, students, and administrators can readily access data collected by the SIS as it is accessible online. This contains attendance, appraisal results, test results, and more. Additionally, SIS allows an institution to collect data from variety of sources in one location and making it easier to track growth and performance of students. The COVID-19 pandemic outbreak has a positive impact on SIS platform owing to the rise in the demand for online education and the demand to remain progressive in the post pandemic period to tackle similar situation in future.
The report on the global student information system market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes | Details |
Report Title | Student Information System Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year | 2020 |
Historic Data | 2018–2019 |
Forecast Period | 2021–2028 |
Segmentation | Applications (Admission & Recruitment, Student Engagement & Support, Financial Management, Student Management, and Others), Components (Service and Software), Deployment Types (On-premise and Cloud), and End-users (Higher-education and K-12) |
Regional Scope | Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage | Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report | Beehively; Workday Inc.; Oracle Corp.; SAP SE; Jenzabar Inc.; Skyward, Inc.; Foradian Technologies; Illuminate Education; Ellucian Company L.P; and Campus Management Corp. |
Based on applications, the global student information system market is segregated into admission & recruitment, student engagement & support, financial management, student management, and others. The admission & recruitment segment is expected to account for a major market share during the projected timeline. The segment growth is attributed to the wide adoption of the system in various applications and solutions including registration & enrollment, student progress, student profiling, and engagement. However, the financial management segment is likely to register a considerable CAGR during the forecast period owing to superior analytics, AI, advanced integration capabilities, and revised architecture of the solutions.
On the basis of components, the market is bifurcated into service and software. The software segment is projected to expand at a considerable CAGR during the forecast period due to factors such as ease of maintenance and deployment. Moreover, rapid technological advancement in software platforms presents a key driver of the segment growth. On the other hand, the service segment is expected to hold considerable market share during the forecast period due to increasing demand for adaptation capabilities by institutions to help all administration processes easy and effective.
Based on deployment types, the global student information system market is bifurcated into on-premise and cloud. The cloud segment is anticipated to hold significant market share as it assists institutions to bring down the cost associated with solution storage and technical employees. However, the on-premise segment is expected to register a considerable CAGR during the forecast period due to high deployment of advanced securities for SIS.
On the basis of end-users, the market is bifurcated into higher-education and K-12. The higher-education segment is expected to constitute robust market share during the forecast period. The segment growth is due to rise in the number of colleges worldwide, increase in educational and research institutions, rising trend toward digitized learning content, social learning models, and gamification. However, the K-12 segment is expected to grow at significant rate during the forecast period owing to changing student demographics and expectations that are shaping education dissemination models over variety of online learning environments.
In terms of regions, the global student information system market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to constitute a key share of the market during the projected period owing to rise in awareness among people about higher-education institutions in the region. However, the market of Asia Pacific is anticipated to expand at a rapid pace during the forecast period as the wide adoption of SIS applications in China and India. Additionally, the rising application of the system among regional institutions along with high and middle schools is another factor driving the regional market growth.
The global student information system market has been segmented on the basis of
The major players in the global student information system market are Beehively; Workday Inc.; Oracle Corp.; SAP SE; Jenzabar Inc.; Skyward, Inc.; Foradian Technologies; Illuminate Education; Ellucian Company L.P; and Campus Management Corp. Some of these players are actively engaged in various market development strategies such as capacity expansion, new product launches, acquisition, partnership, collaboration, and mergers to increase their market share.
For instance, Oracle Corp. introduced its latest complete student lifecycle platform named, Oracle Student Cloud in October 2018. The platform provides a collection of tools that can facilitate several performance advantages in terms of management, support, engagement, and recruitment of students.
The global student information system market has been segmented on the basis of
The major players in the global student information system market are Beehively; Workday Inc.; Oracle Corp.; SAP SE; Jenzabar Inc.; Skyward, Inc.; Foradian Technologies; Illuminate Education; Ellucian Company L.P; and Campus Management Corp. Some of these players are actively engaged in various market development strategies such as capacity expansion, new product launches, acquisition, partnership, collaboration, and mergers to increase their market share.
For instance, Oracle Corp. introduced its latest complete student lifecycle platform named, Oracle Student Cloud in October 2018. The platform provides a collection of tools that can facilitate several performance advantages in terms of management, support, engagement, and recruitment of students.
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