Student Information System Market Forecast 2028 Top Companies, Trends and Growth Factors Details for Business Development

 Student Information System Market Growth & Trends

The global student information system market size is expected to reach USD 25.66 billion by 2028, registering a CAGR of 16.6% from 2021 to 2028, according to a new study by Grand View Research, Inc. The market is witnessing significant growth owing to rapidly evolving education sector, increase in online education, and rising penetration of internet and mobile devices. An increase in the focus of educational institutions on imparting quality education and facilitating communication between students, parents, and faculty and the widespread government initiatives for technological upgrading of the education sector is expected to drive the usage of Student Information System (SIS) solutions. However, lack of awareness among institutions and dearth of digital infrastructure are the factors restraining the growth of the market.

SIS solutions are used by educational institutions/universities to collect, organize, and analyze data such as student attendance, class performance, examination results, assessment scores, and other personal information of students. The solutions aid educational institutions in managing student-related data and other administrative operations. In the age of digitalization, ubiquity of mobile devices, high internet penetration, and use of social media platforms, educational institutions are technologically upgrading their infrastructure. There has been unprecedented growth of online education owing to its greater flexibility, cost savings, and convenience compared to conventional classroom learning. The growing number of professional online certification courses and e-learning applications is likely to foster the SIS market growth to support such nontraditional educational programs in the long run.

Emerging technologies such as Artificial Intelligence (AI) and big data analytics embedded in the SIS systems can further increase operational efficiency and improve the digital interactive experience. Moreover, SIS solutions using Robotic Process Automation (RPA) or machine learning are able to reduce redundant staff labor by automating routine tasks, enabling staff to spend more qualitative time with students. Additionally, higher educational institutions are shifting to cloud infrastructure from their legacy on-premise deployments. Thus, Next-gen Digital Learning Environment (NGDLE), automation technologies, and cloud deployment are likely to propel the SIS market growth over the forecast period.

Request a free sample copy or view report summary: Student Information System Market Report

Student Information System Market Report Highlights

• In terms of component, the service segment is anticipated to register considerable growth over the forecast period owing to the demand for software integration capabilities from educational institutions and consultancy and security services offered by SIS vendors. The shift from on-premise to cloud model is also expected to propel the growth of the segment
• The cloud deployment segment is likely to emerge as the fastest-growing segment from 2021 to 2028. The segment growth can be attributed to the increase in institutional agility, improvement in learning and teaching outcomes, and increase in personalization and student access
• The financial management application segment is expected to register the highest growth rate over the forecast period. High integration capabilities, artificial intelligence, and advanced analytics of the solutions offered by SIS vendors are the key factors propelling the growth of the segment
• The K-12 segment is expected to register a significant growth rate over the forecast period. Evolving student demographics, demand for skill-oriented education, increase in online and distance education in emerging economies such as Asia Pacific and Africa, and rise in e-learning mobile applications are some of the key factors driving the growth of the segment
• Asia Pacific is expected to emerge as the fastest-growing regional market owing to the increasing focus of educational institutions on e-learning initiatives and the adoption of digital infrastructure. The increase in adoption of technology among primary and higher educational institutes in emerging economies such as India, Brazil, and the Philippines is likely to boost the regional market growth over the forecast period

Access Press Release@ https://www.grandviewresearch.com/press-release/global-student-information-system-market

Student Information System Market Segmentation

Grand View Research has segmented the global student information system market based on component, deployment, application, end-use, and region:

Student Information System Component Outlook (Revenue, USD Million, 2018 - 2028)

• Software
• Service

Student Information System Deployment Outlook (Revenue, USD Million, 2018 - 2028)

• Cloud
• On-premise

Student Information System Application Outlook (Revenue, USD Million, 2018 - 2028)

• Financial Management
• Student Management
• Admission & Recruitment
• Student Engagement & Support
• Others

Student Information System End-use Outlook (Revenue, USD Million, 2018 - 2028)

• K-12
• Higher Education

Student Information System Regional Outlook (Revenue, USD Million, 2018 - 2028)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
• Asia Pacific
  • China
  • India
  • Japan
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa (MEA)

List of Key Players in the Student Information System Market

• Oracle Corporation
• Workday Inc.
• SAP SE
• Jenzabar Inc
• Skyward, Inc.
• Illuminate Education
• Ellucian Company L.P
• Campus Management Corp.
• Foradian Technologies
• Beehively

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.