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The student information system (SIS) market size is estimated to grow at a CAGR of 17.03% between 2022 and 2027. The market size is forecast to increase by USD 8,733.38 million. The report includes historic market data from 2017 to 2021. It also extensively covers market segmentation by end-user (higher education and k-12), deployment (on-premises and cloud-based), and geography (North America, Europe, APAC, South America, and Middle East and Africa). This report also includes an in-depth analysis of drivers, trends, and challenges.
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.
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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.
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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 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 2,410.40 million 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.
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, it is essential that educational institutions 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
In 2020, the outbreak of COVID-19 had a significant impact on education systems worldwide. However, in 2021, the initiation of large-scale vaccination drives lifted the lockdown restrictions. Besides, in the higher education segment, the increasing number of students enrolling in colleges and universities creates database management challenges, which in turn creates a demand for software solutions like SIS. In addition, governments require public and private educational institutions to manage school-related activities through online platforms. The demand for SIS will also be driven by the inclusion of digital technologies to deliver quality education. Hence, such factors are expected to drive student information system market growth in this region during the forecast period.
The student information system market 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 8,733.38 million |
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 |
Parent market 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 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
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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