The global Student Information System Market
size is estimated to grow from USD 10.2 billion in
2022 to USD 20.5 billion by 2027, at a Compound Annual Growth Rate (CAGR) of
14.9% during the forecast period, according to report published by
MarketsandMarkets.
The
Student Information System Market is fuelled by the need to streamline
administration processes. Moreover, the rising demand for tailored solutions
play a key role in driving the growth of the student information system market.
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By
Component, Solutions segment to hold the larger market size during the forecast
period
The solutions segment is estimated to account for a higher
market share in the Student Information System market. SIS solutions are
further divided into enrollment, academics, financial aid, and billing. These
solutions deliver a better student experience, reorganizes internal business
processes, and create learning communities that make a difference in the
education industry. SIS solution is gaining traction due to the increasing
demand from educational institutions to automate critical student information
to better help manage, store, and track the information.
By
Deployment Mode, Cloud segment to grow at the higher CAGR during the forecast
period
The
cloud segment is expected to have the higher CAGR growth during the forecast
period. The cloud-based SIS solutions are a cost-effective and efficient way of
managing big data issues across institutions. The need for enhanced security,
easy deployment, ease of maintenance, scalability, enhanced collaboration, and
cost-effectiveness is expected to boost the adoption of cloud-based SIS
solutions and services.
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By
Region, North America to account for the largest market size during the
forecast period
North America is expected to hold the largest share in the
Student Information System market. North America is the most mature market in
terms of SIS solution adoption due to various factors such as the penetration
and adoption of innovative technologies, increased competitiveness, and the
growing need to track student progress and offer enhanced services accordingly.
The presence of most of the top market vendors such as Oracle, Workday,
Ellucian, PowerSchool, Jenzabar, Skyward, and Illuminate Education also plays a
vital role in the growth of the North American student information system
market.
Market
Players
Major
vendors in the Student Information System Market include Oracle (US), Workday
(US), Ellucian (US), PowerSchool (US), Jenzabar (US), Skyward (US), Tribal
Group (UK), Illuminate Education (US), Arth Infosoft (India), and Focus School
Software (US).
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