Student Information System Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2028

Published Date : Dec 2020 | No. of Pages : 250 Pages | Category : ICT

The global Student Information System market size is expected to be worth around US$ 21.05 billion by 2028, according to a new report by Vision Research Reports.

The global Student Information System market size was valued at US$ 7.25 billion in 2020 and is anticipated to grow at a CAGR of 15.01% during forecast period 2021 to 2028.

Growth Factors

Owing to the rapidly evolving education sector, increase in online education, and rising penetration of internet and mobile devices, the market for Student Information System (SIS) is witnessing significant growth. Increase in focus of educational institutions to impart quality education, facilitation of communication between students, parents, and faculty, and widespread government initiatives for technological upgradation of education sector will proliferate the use of SIS solutions. However, lack of awareness among institutions and dearth of digital infrastructure are the restraining factors for the market growth.

Student Information system solutions are used by educational institutions/universities to collect, organize, and analyze data such as student attendance, class performance, examination results, assessment scores, and other personal information of students. It aids educational institutions in managing student-related data and other administrative operations. In the age of digitalization, owing to the ubiquity of mobile devices, high internet penetration, and use of social media platforms, educational institutions are technologically upgrading their infrastructure. There has been unprecedented growth of online education owing to its greater flexibility, cost savings, and convenience than conventional classroom learning. Growing number of professional online certification courses and e-learning applications is likely to foster SIS market to support such nontraditional education programs in the long run.

Report Highlights

Solution segment accounted for the largest market share of over 75% in 2019, owing to rise in demand for SIS software products across the world. Moreover, flexible pricing models, easy maintenance, and deployment are the factors fostering the growth of the student information system market. SIS solutions are meant to leverage digital transformation in educational institutions to achieve three major education goals: optimize operations, improve outcomes, and boost institutional standings. Moreover, the use of predictive analytics in the SIS solutions with the help of advancing technologies such as AI and will help staff and faculty assess the current conditions, analyze data, find answers, and make informed decisions within automated workflows.

Financial management segment is likely to register the highest CAGR from 2020 to 2027. The growth can be attributed to superior integration capabilities, advanced analytics, AI, and revised architecture of the product solutions. Moreover, student engagement segment will also witness significant growth in the coming years. The relationship and engagement traditionally fell under the purview of separate Customer Relationship Management (CRM) systems. However, vendors are now increasingly including or embedding pupil engagement capabilities into the SIS applications in an effort to transform it into an integrated student lifecycle management system.

Changing student demographics and expectations are contributing to evolving education dissemination models, across various in-person and online learning experiences. The new education imparting technologies are improving teaching and learning outcomes, growing personalization, and student success. K-12 segment has immense growth potential. The creation of Next-gen Digital Learning Environment (NGDLE) and increased adoption of e-learning methods in primary classrooms across the world have led the SIS vendors to offer customized solutions in the K-12 demographic group.

On-premises and cloud are the two of the deployment methods utilized by educational institutions. Cloud deployment segment dominated the market with a revenue share of over 60% in 2019 and is predicted to maintain its dominance over the next eight years. The flexibility and scalability of cloud technology, security features, and control over the data center are some of the key factors that will foster the utility of technology. It was not until 2013, vendors started offering cloud SIS solutions. Workday Inc. built its first cloud-native solution (Student Recruiting) in 2014 and a complete suite of SIS in 2016. Later, Unit4 released its cloud-enabled solution, Student Management in 2016, and Oracle Corporation started offering its Student Cloud solution since 2018.

North America held the major market share of over 30% in 2019 owing to increasing awareness among higher educational institutions in the region. Presence of numerous vendors such as Oracle Corporation; Workday Inc.; SAP SE; Jenzabar Inc.; along with the higher propensity to upgrade the SIS solutions with new technologies is expected to help the region maintain its market position. Moreover, a rise in preference towards SIS deployment to improve students and school administration among universities will also drive regional growth. The European market follows North America owing to rising educational tourism and high annual foreign student arrivals in countries such as France, Germany, and the U.K.

Key Players

  • Oracle Corporation

  • Workday Inc.

  • SAP SE

  • Jenzabar Inc.

  • Skyward, Inc.

  • Illuminate Education

  • Ellucian Company L.P

  • Campus Management Corp.

  • Foradian Technologies

  • Beehively

Market Segmentation

  • Component Outlook 

    • Solutions

    • Services

  • Deployment Outlook

    • On-premises

    • Cloud

  • Application 

    • Financial Management

    • Student Management

    • Admission & Recruitment

    • Student Engagement & Support

    • Others

  • End-use Outlook 

    • K-12

    • Higher Education

  • Regional Outlook 

    • North America

      • The U.S.

      • Canada

    • Europe

      • The U.K.

      • Germany

    • Asia Pacific

      • China

      • India

      • Japan

    • Latin America

      • Brazil

      • Mexico

    • MEA

The Student Information System market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Student Information System market for the base year 2020 and the forecast between 2021 and 2028. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Student Information System market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Student Information System market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Student Information System market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Student Information System capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Student Information System by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Student Information System market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2028. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Student Information System market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Student Information System market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Student Information System industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

The Student Information System market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Student Information System market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Student Information System market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Student Information System market. These factors have benefited the growth of the global market for Student Information System. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Student Information System. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Student Information System are as follows:

  • Historic Year: 2017-2020
  • Base Year: 2020
  • Forecast Year 2021 to 2028

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2028);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

Featured Research Reports

  • Featured Research Reports

    Telecom Services Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2030

    Read more...
  • Featured Research Reports

    Cold Chain Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2030

    Read more...
  • Featured Research Reports

    5G Services Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2030

    Read more...
  • Featured Research Reports

    Automotive Smart Display Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2030

    Read more...
  • Featured Research Reports

    Simulation Software Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2030

    Read more...