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The Student Information System Market, with a projected size was valued at USD 9.7 billion in 2023, and is expected to reach USD 51.5 billion by 2032 and grow at a CAGR of 20.4% over the forecast period 2024-2032.
Growth is driven by an increasing digitisation of the educational sector, a growing inclination towards e-Learning and improvements in quality education.
Primary factors, such as growth in access to higher education and the need for streamlining administrative procedures, are driving market growth of student information systems. In addition, in the near future, the demand for these solutions will be driven by the growing adoption of cloud-based systems. With increased opportunities for data collection and analysis, the market for student information systems is expected to gain momentum.
Key Drivers:
Improving internal business processes and reducing the workload of administrative tasks is becoming increasingly important for education institutions. In order to ensure that the information is properly collected in a range of departments, academic institutions need better management of student data. In order to effectively manage their business processes, such as enrolment, academics, financial aid, and billing, student information systems help academic institutions.
Restraints:
There is a risk of security breaches in the records of educational institutions. Therefore, identity theft and fraud are a common target for schools and higher education institutions. If the information contained in these files and documents is not adequately protected, it may be at risk if they are exchanged on websites, smartphones or tablets through internet networks.
Opportunities:
The increasing adoption of SIS solutions is making it more and more difficult for vendors to implement new technologies in order to improve their products. To monitor and analyse student behaviour, AI can be used to assist teachers in understanding students' needs and weaknesses. This will help to analyse students' thinking patterns and learning styles in the context of daily interactions, thus providing them with tailored training.
Challenges:
There is a lack of expertise within the educational institutions on digital technologies and this leads to incorrect implementation of any technological solution Also, teachers and instructors need technical education. They choose a vendor that does not have the expertise of teachers, leading to an increased cost for SIS implementation.
The SIS market is being affected by the ongoing economic slowdown in a number of ways. The SIS market continues to expand, owing to the need for simplification of administration processes, increasing demand for tailored solutions and technological progress in learning technology despite economic difficulties. In view of the rapid adoption of eLearning technologies and SIS solutions, North America is emerging as a fastest growing region on the SIS market. The digitalisation of fee payments and the use of modern analytical techniques further support this growth, which is also driven by a growing need for finance management solutions in educational establishments. The adoption of digital learning tools and platforms has led to a higher education sector dominating the SIS market revenue share. However, considerable growth is expected for the K12 sector as a result of demographic changes, demand for vocational education and an increase in internet training in emerging markets. Overall, by focusing on innovation and providing value added services that address specific needs of educational institutions, the SIS market is adjusting to economic conditions. In spite of the economic challenges, this resilience and adaptability is likely to support continued growth and expansion over the coming years.
Supply shocks and inflation and the conflict has led to a substantial disruption of supplies, in particular with regard to energy commodities like wheat, corn, barley or crucial metals for electronics and car manufacturing. For the SIS market, this means potential increases in operational costs due to higher energy prices and possible disruptions in hardware supply chains for servers or other IT infrastructure critical to these systems. Shortages of essential materials and equipment has the war increased demand for precious metals, such as steel, nickel or palladium, which have had a major impact on the industries that rely on them. Although these specific shortages may not have a direct impact on the SIS market, their resulting economic pressure can affect the wider technology industry and potentially lead to increased costs for equipment or infrastructure needed by SIS suppliers. The crisis has exacerbated the need to maintain a resilient supply chain, which is why companies have adopted dual sourcing and considered close shoring or friendshoring. This reorganisation may lead to higher costs or delays in the delivery of hardware and services necessary for SIS operations, which could affect the SIS market. Corporate Reactions and Market Shifts: The exit of over 1,000 global firms from Russia and the revaluation of corporate strategies in light of the crisis can lead to broader market shifts. Such changes could affect the SIS market because of its impact on worldwide education markets, international student mobility and investment in educational technology.
By Component
Software
Service
In 2023, the software segment accounted for a revenue share of 76.1% in the student information systems market. Increasingly, educational institutions are seeking solutions that can easily be aligned with their internal procedures and enhance efficiency. Demand for student information systems software is increasing significantly in the education sector due to increased focus on operational effectiveness.
By Deployment
Cloud
On-premise
In 2023, the cloud segment accounted for 62.7% of total revenues, which is expected to increase at a compound annual growth rate of 22.4% during the forecast period. Increased institutional flexibility, provision of flexible access to solutions and reduced costs associated with the storage of technical staff can be attributed to this increase.
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By Application
Financial Management
Student Management
Admission & Recruitment
Student Engagement & Support
Others
The highest revenue share of 30.8% in 2023 was recorded by the admission & recruitment segment. The technology portfolio of several schools and universities is being consolidated into a single integrated software solution. With the help of a single data entry in a centralised database, the software helps institutions with the admission process, the collection of admission forms, the listing and the admission of students.
By End-Use
K-12
Higher Education
The global market for student information systems was dominated by North America, with a revenue share of 33.6% in 2023. Increasing penetration of new technologies such as Internet of Things, cloud computing, big data and digital transformation are driving this growth. The region is also benefiting from the introduction of innovative solutions by leading players, as well as ongoing efforts to enhance student information systems with more modern technologies.
The Asia Pacific, with a compound annual growth rate of 22.7% over the forecast period, is projected to be the quickest growing region. Initiatives to improve quality education and increase literacy are being taken by governments of different countries in the region, which is likely to have a positive impact on market growth over time.
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
The major key players are Workday, Inc., Jenzabar, Inc., Skyward, Inc., Tribal Group, Oracle Corporation, Illuminate Education, Ellucian Company L.P, Arth Infosoft Pvt. Ltd., Foradian Technologies, Campus Management Corp., ComSpec International, Inc. & Other Players
In May 2023, Jenzabar, a higher education technology company announced a new solution called Campus Marketplace powered by Jenzabar. The solution consists of an online store and registration software, strategic marketing services, and readymade, skills-based training. Campus Marketplace allows schools to provide students with an alternative to traditional education that provides them with the in-demand skills needed to succeed in today's competitive labour market.
In July 2023, Practically, an experiential learning application for students in grades 6-12, acquired Fedena (Foradian Technologies.), a school ERP software. This acquisition allows Practically to offer a comprehensive end-to-end product suite from experiential learning content to administrative tools.
Skyward, a school management software vendor, and Otus, an K12 student growth educational technology, worked together in February 2023 to make it easier for teachers to obtain, view or use students' data more effectively. This collaboration will allow the seamless integration of Skyward and Otus into a single system, providing teachers with an extensive set of tools to help them achieve maximum student performance.
| Report Attributes | Details |
| Market Size in 2023 | US$ 9.7 Bn |
| Market Size by 2032 | US$ 51.5 Bn |
| CAGR | CAGR of 20.4% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Component (Software, Service) • By Deployment (Cloud, On-premise) • By Application (Financial Management, Student Management, Admission & Recruitment, Student Engagement & Support, Others) • By End-use (K-12, Higher Education) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | Workday, Inc., Jenzabar, Inc., Skyward, Inc., Tribal Group, Oracle Corporation, Illuminate Education, Ellucian Company L.P, and Arth Infosoft Pvt. Ltd., Foradian Technologies, Campus Management Corp., ComSpec International, Inc. |
| Key Drivers | • Administration processes must be streamlined • Increased access to higher education |
| Market Opportunities | • The development of prospective markets in academia • Technological advancements in eLearning |
Ans: - The forecast period of the Student Information System market is 2024-20231.
Ans: - Administration processes must be streamlined and Increased access to higher education.
Ans: - The segments covered in the Student Information System study are on the basis of the component, deployment, Application, and End-use.
Ans: - The major key players are Workday, Inc., Jenzabar, Inc., Skyward, Inc., Tribal Group, Oracle Corporation, Illuminate Education, Ellucian Company L.P, and Arth Infosoft Pvt. Ltd., Foradian Technologies, Campus Management Corp.ComSpec International, Inc.
Ans: - Key Stakeholders Considered in the study are Raw material vendors, Regulatory authorities, including government agencies and NGOs, Commercial research, and development (R&D) institutions, Importers and exporters, etc.
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Industry Flowchart
3. Research Methodology
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
5. Impact Analysis
5.1 Impact of Russia-Ukraine Crisis
5.2 Impact of Economic Slowdown on Major Countries
5.2.1 Introduction
5.2.2 United States
5.2.3 Canada
5.2.4 Germany
5.2.5 France
5.2.6 UK
5.2.7 China
5.2.8 Japan
5.2.9 South Korea
5.2.10 India
6. Value Chain Analysis
7. Porter’s 5 Forces Model
8. Pest Analysis
9. Student Information System Market Segmentation, By Component
9.1 Introduction
9.2 Trend Analysis
9.3 Software
9.4 Service
10. Student Information System Market Segmentation, By Deployment
10.1 Introduction
10.2Trend Analysis
10.3 Cloud
10.4 On-premise
11. Student Information System Market Segmentation, By Application
11.1 Introduction
11.2 Trend Analysis
11.3 Financial Management
11.4 Student Management
11.5 Admission & Recruitment
11.6 Student Engagement & Support
11.7 Others
12. Student Information System Market Segmentation, By End-use
12.1 Introduction
12.2 Trend Analysis
12.3 K-12
12.4 Higher Education
13. Regional Analysis
13.1 Introduction
13.2 North America
13.2.1 USA
13.2.2 Canada
13.2.3 Mexico
13.3 Europe
13.3.1 Eastern Europe
13.3.1.1 Poland
13.3.1.2 Romania
13.3.1.3 Hungary
13.3.1.4 Turkey
13.3.1.5 Rest of Eastern Europe
13.3.2 Western Europe
13.3.2.1 Germany
13.3.2.2 France
13.3.2.3 UK
13.3.2.4 Italy
13.3.2.5 Spain
13.3.2.6 Netherlands
13.3.2.7 Switzerland
13.3.2.8 Austria
13.3.2.9 Rest of Western Europe
13.4 Asia-Pacific
13.4.1 China
13.4.2 India
13.4.3 Japan
13.4.4 South Korea
13.4.5 Vietnam
13.4.6 Singapore
13.4.7 Australia
13.4.8 Rest of Asia Pacific
13.5 The Middle East & Africa
13.5.1 Middle East
13.5.1.1 UAE
13.5.1.2 Egypt
13.5.1.3 Saudi Arabia
13.5.1.4 Qatar
13.5.1.5 Rest of the Middle East
13.5.2 Africa
13.5.2.1 Nigeria
13.5.2.2 South Africa
13.5.2.3 Rest of Africa
13.6 Latin America
13.6.1 Brazil
12.6.2 Argentina
13.6.3 Colombia
13.6.4 Rest of Latin America
14. Company Profiles
14.1 Workday, Inc.
14.1.1 Company Overview
14.1.2 Financial
14.1.3 Products/ Services Offered
14.1.4 SWOT Analysis
14.1.5 The SNS View
14.2 Jenzabar, Inc.
14.2.1 Company Overview
14.2.2 Financial
14.2.3 Products/ Services Offered
14.2.4 SWOT Analysis
14.2.5 The SNS View
14.3 Skyward, Inc.
14.3.1 Company Overview
14.3.2 Financial
14.3.3 Products/ Services Offered
14.3.4 SWOT Analysis
14.3.5 The SNS View
14.4 Tribal Group
14.4.1 Company Overview
14.4.2 Financial
14.4.3 Products/ Services Offered
14.4.4 SWOT Analysis
14.4.5 The SNS View
14.5 Oracle Corporation
14.5.1 Company Overview
14.5.2 Financial
14.5.3 Products/ Services Offered
14.5.4 SWOT Analysis
14.5.5 The SNS View
14.6 Illuminate Education
14.6.1 Company Overview
14.6.2 Financial
14.6.3 Products/ Services Offered
14.6.4 SWOT Analysis
14.6.5 The SNS View
14.7 Ellucian Company L.P
14.7.1 Company Overview
14.7.2 Financial
14.7.3 Products/ Services Offered
14.7.4 SWOT Analysis
14.7.5 The SNS View
14.8 Arth Infosoft Pvt. Ltd.
14.8.1 Company Overview
14.8.2 Financial
14.8.3 Products/ Services Offered
14.8.4 SWOT Analysis
14.8.5 The SNS View
14.9 Foradian Technologies
14.9.1 Company Overview
14.9.2 Financial
14.9.3 Products/ Services Offered
14.9.4 SWOT Analysis
14.9.5 The SNS View
14.10 Campus Management Corp.
14.10.1 Company Overview
14.10.2 Financial
14.10.3 Products/ Services Offered
14.10.4 SWOT Analysis
14.10.5 The SNS View
14.11 ComSpec International, Inc.
14.11.1 Company Overview
14.11.2 Financial
14.11.3 Products/ Services Offered
14.11.4 SWOT Analysis
14.11.5 The SNS View
15. Competitive Landscape
15.1 Competitive Benchmarking
15.2 Market Share Analysis
15.3 Recent Developments
15.3.1 Industry News
15.3.2 Company News
15.3.3 Mergers & Acquisitions
16. Use Case and Best Practices
17. Conclusion
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