Overview and Scope
The student information system refers to the student-centric management system that collects and manages students' information like personal information, contact details, health information, academic performance in academics, grades. It allows educational institutions and students to digitally monitor and manage their academics. These are utilized to improve interaction and coordination among students and faculty, in addition to make information tracking easier for both parents and administrative staff.
Sizing and Forecast
The student information system market size has grown rapidly in recent years. It will grow from $8.3 billion in 2023 to $9.49 billion in 2024 at a compound annual growth rate (CAGR) of 14.3%. The growth in the historic period can be attributed to growth of higher education, compliance and reporting requirements, increased focus on student success, evolution of grading systems, parent and teacher communication.
The student information system market size is expected to see rapid growth in the next few years. It will grow to $16.01 billion in 2028 at a compound annual growth rate (CAGR) of 14.0%. The growth in the forecast period can be attributed to increasing need for data centralization, focus on competency-based education, cybersecurity enhancements, remote learning and hybrid education models, evolution of student portfolios. Major trends in the forecast period include cloud-based sis solutions, mobile accessibility and apps, data analytics for student insights, user-friendly interfaces, parent and guardian portals, blockchain for secure credentials.
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Segmentation & Regional Insights
The student information system market covered in this report is segmented –
1) By Component: Software, Service
2) By Depolyment: Cloud, On-Premise
3) By Application: Financial Management, Student Management, Admission and Recruitment, Student Engagement and Support, Other Applications
4) By End-Use: K-12, Higher Education
North America was the largest region in the student information system market share in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the student information system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The growing inclination toward e-learning is expected to propel the growth of the student information system market going forward. E-learning is the use of information and communication technology (ICT) to facilitate, simplify, and transform the learning process over the Internet. Online learning or e-learning has gained popularity among students due to its various advantage in the learning process like the flexibility to learn remotely, advanced career, and a wider range of courses and programs available on the internet, and student information systems helps students in information tracking in e-learning. For instance, in January 2022, according to an article shared by the World Economic Forum, a Switzerland-based non-governmental and lobbying organization data, in the year 2021, more than 20 million new students registered with the online learning portal Coursera, up from 71 million in 2020. The number of students enrolled in online courses more than doubled in 2020, then increased by 32% the following year to 189 million. Therefore, the growing inclination toward e-learning is driving the growth of the student information system market.
Key Industry Players
Major companies operating in the student information system market report are Oracle Corporation, Workday Inc., SAP SE, Jenzabar Inc., Skyward Inc., Illuminate Education Inc., Ellucian Company L.P., Anthology Inc., Foradian Technologies Pvt. Ltd., PowerSchool Group LLC, Tribal Group plc, Arth InfoSoft Pvt. Ltd., Beehively LLC, ComSpec International Inc., Unit4 N.V., Alma Technologies Inc., Gradelink Corporation, Tyler Technologies Inc., Blackbaud Inc., Rediker Software Inc., PraxiSchool LLC, MAESTRO SIS Inc., ampEducator LLC, Infinite Campus Inc., Follett School Solutions Inc., Edupoint Educational Systems LLC, Campus Management Corp., Populi Inc., Edvance Software Inc., Frontline Technologies Group LLC.
The student information system market report table of contents includes:
- Executive Summary
- Student Information System Market Characteristics
- Student Information System Market Trends And Strategies
- Student Information System Market – Macro Economic Scenario
- Global Student Information System Market Size and Growth
- Student Information System Market Segmentation
- Student Information System Market Regional And Country Analysis
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- Key Mergers And Acquisitions In The Student Information System Market
- Student Information System Market Future Outlook and Potential Analysis
- Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Student Information System Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Student Information System Market, Segmentation By Depolyment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Student Information System Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
…………..
Table 75: Oracle Corporation Financial Performance
Table 76: Workday Inc. Financial Performance
Table 77: SAP SE Financial Performance
Table 78: Jenzabar Inc. Financial Performance
Table 79: Skyward Inc. Financial Performance
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