From 2021 to 2031, the market for student information systems is projected to grow at a CAGR of 14.4%, when it is expected to reach US$ 16.5 billion. According to recent analysis from Future Market Insights, between 2021 and 2031, the market for student information systems would grow dramatically.
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?
The market for student information systems is expanding thanks to rising internet and mobile device adoption as well as the recent digital transformation of the educational sector. The mobile applications, cloud accessibility, behaviour tracking, and analytics features of SIS software are all available.
These functionalities are accessible because to rising mobile usage and the uptake of cutting-edge communication technology. With the aid of cutting-edge technologies like artificial intelligence (AI), machine learning, cloud computing, and the internet of things, educational institutions are also attempting to improve the quality of their administration and teaching processes (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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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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