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The Global Student Information System (SIS) Market size is forecast to increase by USD 8,733.38 million at a CAGR of 17.03% between 2022 and 2027. The report includes historic market data from 2017 to 2021. An increase in replacement activities is the key factor driving the growth of the market. Many educational institutions that have adopted older versions of the SIS face functional challenges such as the time allotted to enter data and analyze data entry results. Furthermore, many established student information system (SIS) market players have developed new versions of SIS that are much more advanced than the versions that came out two or three years ago. Therefore, with most educational technology solutions coming to an alternative stage, especially in the higher education segment of developed countries such as the US and the UK, the demand for SIS is expected to grow significantly during the forecast period. This market research and growth report also includes an in-depth analysis of drivers, trends, and challenges.
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The market share growth by the higher education segment will be significant during the forecast period. Many higher education institutions have increased investments in data warehousing, analytics, and business intelligence. This is beneficial for SIS implementations, as players ensure that their products can be integrated with learning analytics and image analysis software without the help of experts in IT and consultants. As organizations realize these benefits of SIS, the demand for the student information system market will continue to grow.
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The higher education segment shows a gradual increase in the market share of USD 2.41 billion in 2017 and continue to grow by 2021. Favorable political developments in countries such as those in the Gulf Cooperation Council (GCC), where public funding for educational projects has increased, have aroused interest in pursuing education related to STEM. In turn, this increases the number of higher education institutions being established, which will fuel the demand for SIS during the forecast period.
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North America is estimated to contribute 31% to the growth of the global market during the forecast period. The North American student information system market is expected to record significant growth due to the increasing adoption of software solutions to facilitate the operational efficiency of educational institutions. The growing awareness of the benefits of integrating SIS with other administration software has led some educational institutions to integrate SIS into their digital infrastructure.
In addition, the leading student information system market players have a strong presence in North America; Educational institutions in the region have many options when choosing upgraded solutions. Also, market players are developing a number of software solutions with integrated analysis tools that support strategic decision-making. Furthermore, in countries like the US, SIS is an integral part of most educational institutions' annual educational technology plans. Therefore, SIS will have sustainable demand in this region, which, in turn, will drive the growth of the market in the region during the forecast period.
The market offers cloud-based systems equipped with advanced analytics and IoT capabilities for higher education institutions to streamline administration processes, enhance data gathering, and employ analysis techniques for optimizing student behavior and performance. Through integrated solutions from vendors, institutions can manage curriculum, marketing, and resources allocation effectively, attracting prospective students and ensuring class size efficiency. Leveraging IoT, edge computing, and 5G telecommunication, along with AI-driven ERP and LMS platforms, institutions can track student attendance, monitor class performance, and analyze examination results and assessment scores via mobile applications, ensuring cloud accessibility and fostering educational excellence. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Technological advancements in AI is the key trend that shaping the growth of the market. Advances in AI systems allow the extraction of large amounts of data, which can help uncover patterns, thereby helping to make strategic decisions. Patterns identify growth and problems are detected earlier; therefore, AI in SIS provides better recommendations and support. AI is becoming the backbone of the SIS by helping organizations realize key operational efficiencies. Additionally, it benefits organizations by supporting data analytics to deliver proactive and efficient services.
Moreover, investments in SIS are estimated to increase significantly due to increasing demand from APAC and MEA. As the number of students enrolled is expected to grow, educational institutions must look for solutions to store data and make decisions based on that data. Incorporating AI into the SIS will be an essential element in achieving the goals and missions of educational institutions. The flow of organizations will be looking for innovative SIS service providers that are expected to drive the growth of AI in the SIS market during the forecast period.
Threat from open SIS is the challenge that affects the growth of the market. An increasing number of open source school administration software players, such as Gibbon, Open Solutions for Education, and STPL Global are impeding the growth of the global SIS market. These providers allow free use of SIS for educational institutions. Many open source companies have started offering SIS solutions with functionality that was previously limited to proprietary players, posing a threat to the SIS market.
Moreover, providers offer features such as attendance tracking, student information, exam management, and enrollment. Since open source companies include almost all features offered by licensed service providers, some educational institutions cannot afford the paid versions of SIS and are adopting open source SIS. Therefore, the presence of open source SIS software solution providers creates a potential threat to paid SIS software companies, which may hinder the growth of the market during the forecast period.
The report includes the adoption lifecycle of the market, from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on market penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Student Information System Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The student information system market report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The Global Student Information System Market is revolutionizing administration processes in educational institutions through innovative technologies like cloud-based systems and Enterprise Resource Planning (ERP) solutions. These systems streamline data gathering and enable sophisticated analysis techniques to enhance decision-making. Vendors offer comprehensive solutions that cater to various aspects, such as student behavior, performance, and curriculum management. Prospective students benefit from personalized experiences, while institutions optimize class size and allocate resources efficiently. Additionally, integration with financial aid systems ensures accessibility to resources.
Emerging technologies like the Internet of Things (IoT) and edge computing leverage 5G telecommunication to enhance mobile analytics and behavior tracking through mobile applications. With cloud accessibility and artificial intelligence (AI) integration, Learning Management Systems (LMS) enable effective monitoring of student attendance, class performance, and examination results, leading to improved assessment scores. The market addresses challenges in allocating resources and managing facilities by automating internal business processes and eliminating laborious manual tasks. It streamlines the management of student information and facilitates seamless retrieval of information across different departments.
From enrolments to academics and billing, it ensures organized records and enhances academic processes. However, concerns such as security breaches, identity theft, and fraud pose risks to sensitive files and documents stored across websites, smartphones, and tablets connected to internet networks. The market leverages digital technologies to combat threats from hackers, viruses, malware, spyware, spam, and phishing attacks. Both the expenses and On-premises segment prioritize compliance management to mitigate security risks.
This market growth and trends report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Student Information System Market Scope |
|
Report Coverage |
Details |
Page number |
156 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 17.03% |
Market growth 2023-2027 |
USD 8.73 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
15.48 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 31% |
Key countries |
US, China, Australia, UK, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Anthology Inc., Beehively, Blackbaud Inc., Boardingware International Ltd., Eduware ntc, Ellucian Co. LP, Foradian Technologies, Gradelink Corp., Illuminate Education, Infinite Campus Inc., Jenzabar Inc., Oracle Corp., PowerSchool Holdings Inc., Salesforce Inc., Skyward Inc., Teachmint Technologies Pvt. Ltd., The Tribal Group Plc, Thesis Cloud, VidalinksLLC, and Workday Inc. |
Market dynamics |
Market trends and analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period. |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Deployment
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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