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Student Information System Market Size, Opportunities, Overview, Size And Forecast To 2033
Student Information System Market
The Business Research Company offers in-depth market insights through Student Information System Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The student information system market size has grown rapidly in recent years. It will grow from $8.3 billion in 2023 to $9.49 billion in 2024 at a compound annual growth rate (CAGR) of 14.3%. The growth in the historic period can be attributed to growth of higher education, compliance and reporting requirements, increased focus on student success, evolution of grading systems, parent and teacher communication.
The student information system market size is expected to see rapid growth in the next few years. It will grow to $16.01 billion in 2028 at a compound annual growth rate (CAGR) of 14.0%. The growth in the forecast period can be attributed to increasing need for data centralization, focus on competency-based education, cybersecurity enhancements, remote learning and hybrid education models, evolution of student portfolios. Major trends in the forecast period include cloud-based sis solutions, mobile accessibility and apps, data analytics for student insights, user-friendly interfaces, parent and guardian portals, blockchain for secure credentials.
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Market Segmentation:
The student information system market covered in this report is segmented -
1) By Component: Software, Service
2) By Depolyment: Cloud, On-Premise
3) By Application: Financial Management, Student Management, Admission and Recruitment, Student Engagement and Support, Other Applications
4) By End-Use: K-12, Higher Education
Major Driver - E-Learning Surge Fuels Growth In The Student Information System Market
The growing inclination toward e-learning is expected to propel the growth of the student information system market going forward. E-learning is the use of information and communication technology (ICT) to facilitate, simplify, and transform the learning process over the Internet. Online learning or e-learning has gained popularity among students due to its various advantage in the learning process like the flexibility to learn remotely, advanced career, and a wider range of courses and programs available on the internet, and student information systems helps students in information tracking in e-learning. For instance, in January 2022, according to an article shared by the World Economic Forum, a Switzerland-based non-governmental and lobbying organization data, in the year 2021, more than 20 million new students registered with the online learning portal Coursera, up from 71 million in 2020. The number of students enrolled in online courses more than doubled in 2020, then increased by 32% the following year to 189 million. Therefore, the growing inclination toward e-learning is driving the growth of the student information system market.
Competitive Landscape:
Major companies operating in the student information system market report are Oracle Corporation, Workday Inc., SAP SE, Jenzabar Inc., Skyward Inc., Illuminate Education Inc., Ellucian Company L.P., Anthology Inc., Foradian Technologies Pvt. Ltd., PowerSchool Group LLC, Tribal Group plc, Arth InfoSoft Pvt. Ltd., Beehively LLC, ComSpec International Inc., Unit4 N.V., Alma Technologies Inc., Gradelink Corporation, Tyler Technologies Inc., Blackbaud Inc., Rediker Software Inc., PraxiSchool LLC, MAESTRO SIS Inc., ampEducator LLC, Infinite Campus Inc., Follett School Solutions Inc., Edupoint Educational Systems LLC, Campus Management Corp., Populi Inc., Edvance Software Inc., Frontline Technologies Group LLC.
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Top Trend - New Mobile App To Seamless Access To Vital Student Information
Major companies operating in the student information system market are launching new mobile apps, such as the AdminPlus Mobile App, for seamless access to vital student information. The AdminPlus Mobile App is a high-speed mobile application designed to provide convenient access to essential student information from the AdminPlus database on users' preferred mobile devices. For instance, in December 2022, Rediker Software, a US-based company providing school administrative software, launched its AdminPlus Mobile App to enhance the accessibility and efficiency of its cloud-based student information system for K-12 schools. Its goal is to provide school administrators with quick and convenient access to essential student and staff data, attendance records, grades, and incident reporting while on the go. The improved interface, integrated dashboard, and unified features, including AdminPlus notifications, reflect the company's commitment to streamlining administrative processes, improving communication within school communities, and offering a more user-friendly experience for school staff.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Student Information System Market Characteristics
3. Student Information System Market Trends And Strategies
4. Student Information System Market - Macro Economic Scenario
5. Student Information System Market Size And Growth
…..
27. Student Information System Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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