The global student information system market reached a value of US$ 7.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 16.3 Billion by 2027, exhibiting a CAGR of 13.73% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
A student information system (SIS) refers to a web-based application that is designed to track information related to students, parents, teachers and the administrative staff of an educational institute. This application enables authorities to record student-related data, including examination results, attendance and overall performance levels through various analytical tools. These solutions also improve the efficiency of the management by automating manual processes, reducing the time spent on maintaining records, facilitating communication between multiple divisions and providing an integrated resource location for the users.
The growing education industry, along with the growing trend of digitization, represent as the key factors driving the growth of the market. Educational institutions are focusing on improving the quality of education while facilitating efficient communication between students, parents, faculties and the authorities. This is resulting in an increasing preference for SIS solutions across the globe. Furthermore, the growing adoption of cloud- and artificial intelligence (AI)- based software is also providing a boost to the market growth. These technologically advanced solutions reduce the overall operational costs and enhance data security for the institutions. They also assist in processing large amounts of data and identifying patterns that aid in formulating strategic policies. Additionally, various product innovations offering high scalability, flexibility and customizability according to the requirements of the organization is acting as another growth-inducing factor. Other factors, including rapid urbanization, increasing investments in the education sector by both government and non-government organizations (NGOs) and extensive research and development (R&D) activities, are projected to drive the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global student information system market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on component, deployment type and end-user.
Breakup by Component:
Breakup by Deployment Type:
Breakup by End-User:
Breakup by Region:
Middle East and Africa
United Arab Emirates
The report has also analysed the competitive landscape of the market with some of the key players being Arth Inforsoft Pvt. Ltd., Anthology Inc., ComSpec International, Inc., Ellucian Company L.P., Foradian Technologies, Illuminate Education, Inc., Jenzabar, Inc., Oracle Corporation, SAP SE, Skyward, Inc., The Tribal Group plc, Unit4, and Workday, Inc., etc.
Key questions answered in this report:
How has the global student information system market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global student information system market?
What are the key regional markets?
What is the breakup of the market based on the component?
What is the breakup of the market based on the deployment type?
What is the breakup of the market based on the end-user?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the global student information system market?
What is the structure of the global student information system market and who are the key players?
What is the degree of competition in the market?