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Student Information System Market Size Worth $21.04 Billion By 2027 | Grand View Research, Inc.

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Student Information System Market Size Worth $21.04 Billion By 2027 | Grand View Research, Inc.

August 25
06:57 2020
Student Information System Market Size Worth $21.04 Billion By 2027 | Grand View Research, Inc.

Grand View Research, Inc. – Market Research And Consulting
The global student information system market size is expected to reach USD 21.04 billion by 2027, expanding at a compound annual growth rate (CAGR) of 15.0 % from 2020 to 2027, according to a new study conducted by Grand View Research, Inc.

The global student information system market is expected to witness a CAGR of 15.0%, according to the new report by Grand View Research, Inc. the system serves as an open communication line between all parties, thereby, increasing learning capabilities, parents’ involvement, and knowledge sharing. With this system, the complete educational staff is able to effectively track, record, and share student information across respective channels and in turn, making learning a cohesive and organized process. With access to that information, teachers can share their ideas about classroom management, special education programs, and assessment techniques. Most student information systems are digital platforms and they allow teachers to update and view data on multiple devices.

Student information systems are integrated with learning management systems (LMSs) and it provides a portal for class resources and coursework.  It serves as a data management system for the administration of higher-level student information. Such information is often handled using an ERP system. The SIS represents the core of the record systems for institutions that higher education. It delivers and supports services for numerous routine management and academic activities. Overall, it provisions a broad spectrum of faculty-facing/student functionality and back-office administrator to manage primary academic and corporate information assets, such as student prospects, matriculates, applicants, student course registrations, courses offered, and grades and transcripts for students. The present market offerings vary in scope, size, functional capability, country localizations, and delivery options such as SaaS/cloud, on-premises or hosted. They range from enterprise-wide integrated solutions to individual components or sometimes form part of a superior administrative ERP application suite.

The market is primarily driven by factors such as rising penetration of internet & mobile devices worldwide increasing Over the Top (OTT) media services, and digital transformation of educational sector. Presently, the market applications are embedded with Artificial Intelligence (AI) and advanced analytics capabilities, which are being offered by numerous vendors. Furthermore, other factors contributing to the market growth include the rise in the Internet of Things (IoT), cutting-edge computing, and 5G telecommunication technology.

Covid-19 Effect:

  • The COVID-19 pandemic has accelerated the world’s digital reset, especially in the field of education. The current crisis impelled governments to impose indefinite lockdowns, which has forced people into their homes, temporarily shutting down colleges, schools, and universities and compelling them to adopt virtual classes via computers, smartphone, and student information systems. This has created enormous growth opportunities for players to capitalize on this growing need.

U.S. student information system market size

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Further findings from the report suggest:

  •  The admission and recruitment was the most booming segment in 2019 due to its widespread application in educational institutions and universities. The core features of the SIS solutions include registration, student profiling, enrollment, and engagement.
  •   The higher education sector dominated the overall market in 2019 and can be attributed to the growth in the number of educational institutes across the world, and a shift towards digitized learning platforms, and social learning models.

Europe student information system market share

 

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Major Players:

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

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