The market for student information systems is anticipated to develop at a CAGR of 14.4% from 2021 to 2031, when it is predicted to reach US$ 16.5 billion. Recent research from Future Market Insights predicts that the market for student information systems will increase significantly between 2021 and 2031.
Student information systems are web-based application software that provide conducive and structured information about courses, grading, transcripts, test results, and assessment scores. They also manage various student-related data needs in schools and alumni relationship management in the student domain.
What is Driving Demand for Student Information System Market?
Increasing penetration of internet & mobile devices and digital transformation of educational sector in recent years augmenting the growth of student information system market. SIS software offers mobile applications, cloud accessibility, behavior tracking, and analytics capabilities.
Such features are feasible to access due to increasing use of mobile and adoption of advance technology in communication sector. Educational institute are also trying to upgrade quality of their education and administration process with the help advance technologies such as Artificial Intelligence (AI), machine learning, cloud computing, and Internet of Things (IoT).
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The Boost in the Technology like Internet of Things (IoT), Artificial Intelligence (AI), and 5G telecommunication technology is Likely to augment the Student Information System Market
Adoption of Machine Learning (ML), edge computing, Artificial Intelligence (AI), and 5G telecommunication technology in education industry fuels the growth of the student information system market. Integration of AI technology into SIS solutions provides more engagement and helps to contribute in student’s academic career performance.
Rise in adoption of mobile device, 5G technology, mobile accessibility and cloud migration fuels the growth of student information system market. The technologies like Machine Learning (ML), edge computing, Artificial Intelligence (AI), and 5G telecommunication makes easier to provide make, handle student information, interaction with school, and manage educational data of students.
Who are the Major vendors of Student Information System Market?
Some of the leading vendors and companies of student information system include
- SAP
- Oracle
- ALMA
- QuickSchools, Inc.
- MYCLASSCAMPUS
- Ellucian
- Workday
- Jenzabar
- SmartClass, LLC
- Unit4
- Skyward
- Arth Infosoft
- MilGrasp
- Tribal Group
- Campus Management
- PowerSchool
- Foradian Technologies
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Europe Demand Outlook for Student Information System Market
The European student information system market is clearly dominated by the UK, Germany and France. Many countries in EU have been severely impacted by the COVID-19 crisis, which has led to a decline in economic activities. Europe is second largest markets for student information system market after U.S.
Europe has many top educational institutes which improves their education and administration process. Furthermore government supports the education sector will augment the growth of student information system market. Increase in educational tourism and high annual foreign student arrivals in countries such as France, Germany, and the U.K. also fuels growth of the student information system market in Europe region.
Key Segments
By Component:
- Solution
- Services
- Integration and implementation
- Training and Consulting
By Deployment Type:
- On-premises
- Cloud
By User Type:
- K-12
- Higher Education
By Region:
- North America
- US
- Canada
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Europe
- UK
- France
- Germany
- Italy
- Spain
- BENELUX
- Russia
- Rest of Europe
- East Asia
- China
- Japan
- South Korea
- South Asia & Pacific
- India
- Thailand
- Indonesia
- Malaysia
- Australia & New Zealand
- Rest of South Asia & Pacific
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About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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