Global Student Information System Market Size, Share, Trends, & Growth Forecast Report – Segmented by Component (Solution and Services), User Type (K-12 and Higher Education), Deployment Type (Cloud and On-Premises), and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Industry Analysis (2024 to 2029)

Updated On: June, 2024
ID: 9814
Pages: 150

Global Student Information System Market Size (2024 to 2029)

The global student information system market is determined to progress from USD 9.55 billion in 2024 to USD 17.14 billion by 2029, 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.

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

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.

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.

MARKET RESTRAINTS

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.

REPORT COVERAGE

REPORT METRIC

DETAILS

Market Size Available

2023 to 2029

Base Year

2023

Forecast Period

2024 to 2029

CAGR

12.4%

Segments Covered

By Component Type, User Type, Deployment Type, and Region

 

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

 

  

Market Leaders Profiled

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 and Others.

 

SEGMENTAL ANALYSIS

Global Student Information System Market Analysis By Component Type

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

Global Student Information System Market Analysis 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.

Global Student Information System Market Analysis 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 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 PLAYERS IN THE GLOBAL STUDENT INFORMATION SYSTEM MARKET

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.

RECENT HAPPENINGS IN THE GLOBAL STUDENT INFORMATION SYSTEM MARKET

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.

DETAILED SEGMENTATION OF THE GLOBAL STUDENT INFORMATION SYSTEM MARKET INCLUDED IN THIS REPORT

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

By Component                              

  • Solutions  
  • Services    

By User Type                 

  • K-12           
  • Higher Education  

By Deployment Type                  

  • Cloud         
  • On-Premises          

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • The Middle East and Africa

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Frequently Asked Questions

What are the key factors driving the growth of the Student Information System market globally?

Factors such as increasing digitization in educational institutions, rising demand for efficient data management, and the need for improving communication between stakeholders are driving the growth of the Student Information System market globally.

What role does data analytics play in Student Information Systems?

Data analytics capabilities within Student Information Systems enable institutions to gain insights into student performance, engagement levels, and demographic trends, facilitating informed decision-making and personalized interventions.

How do regulatory policies impact the Student Information System market?

Regulatory policies related to data privacy and security, such as GDPR in Europe and FERPA in the United States, influence the design and implementation of Student Information Systems to ensure compliance and mitigate risks.

What are the emerging trends shaping the future of the Student Information System market?

Emerging trends include the integration of artificial intelligence and machine learning for predictive analytics, the adoption of mobile-first solutions for enhanced accessibility, and the rise of modular and customizable SIS solutions to cater to diverse institutional needs.

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