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Student Information System Market

Student Information System Market Size, Share & Segmentation by Component (Software and Service), by Deployment (Cloud and On-premise), by Application (Financial Management, Student Management, Admission & Recruitment, Student Engagement & Support, Others), by End-use (K-12 and Higher Education), by Regions and Global Market Forecast 2022-2028

Report Id: SNS/ICT/1794 | June 2022 | Region: Global | 125 Pages

Report Scope & Overview:

The Student Information System market size was valued at USD9.79 Bn in 2021 and is expected to reach USD 24.36 Bn by 2028, and grow at a CAGR of 13.9 % over the forecast period 2022-2028.

A student information system is a web-based information management software created for educational institutions to implement a conducive and organized information exchange environment that unifies administration and aids in the management of student data. Software packages such as student management systems, student information management systems, student records systems, and others are commonly included in these systems. They may store and track all student information, such as attendance records, grades, academic records, and so on. It may be used by students, instructors, and parents to communicate important school-related information, as well as to obtain access to student information, make payments, and contact school officials. This program may also register students for courses, document the outcomes of student exams, grades, transcripts, and other assessment scores, create student timetables, track attendance, and handle a variety of other student-related data.

Student Information System Market

The announced combination of Anthology and Blackboard will be finalized in October 2021. The anthology will continue to promote and invest in both firms' offerings, with a focus on driving innovation and building a diverse, integrated ed tech ecosystem. "Clients will have access to an enlarged product range," and the business will help institutions "address the historical boundaries between administrative and learning environments and boost student and institutional success." "Ensuring the privacy and security of our client’s data is a fundamental concept, and the merged firm will continue to fulfill the highest privacy standards across the world," says the company.

MARKET DYNAMICS:

KEY DRIVERS:

  • Administration processes must be streamlined.

  • Increased access to higher education.

  • Increased use of cloud-based solutions.

  • Increased demand for customized solutions.

RESTRAINTS:

  • In emerging and undeveloped economies, there is a lack of sufficient infrastructure.

  • Data loss and security breaches pose a threat.

OPPORTUNITY:

  • The development of prospective markets in academia.

  • Technological advancements in eLearning.

  • Because of the epidemic, there has been widespread uptake of online schooling.

CHALLENGES:

  • Technical training for teachers and instructors is required.

IMPACT OF COVID-19:

The most recent COVID-19 outbreak wreaked havoc on educators all across the world. As a result of the prolonged lockdown, schools and colleges have come to a complete halt and have begun to explore online alternatives to finish the year's scheduled curriculum and assessments. In this circumstance, student information systems are expected to grow in nations with suitable network infrastructure and internet usage. However, in comparison to the present need for education, these systems serve a comparably smaller number of institutes, and hence cost may become a major impediment to market development, potentially resulting in a loss of opportunity in developing nations. Because of the growing demand for online education, the COVID-19 pandemic is expected to have a positive impact on the sector. Students all around the world were unable to attend their educational institutions in March 2020, necessitating the use of online education to finish their schoolwork for the academic year 2020-2021. During the COVID-19 epidemic, eLearning technology grew rapidly, and it is expected to expand even more after the pandemic to solve a similar scenario in the future.

MARKET ESTIMATION:

With a revenue share in 2021, the software category led the student information system market. Educational institutions are increasingly searching for solutions that are easy to integrate with their internal procedures and boost efficiency. With a greater emphasis on operational efficiency, educational institutions' need for student information system software is increasing significantly. During the projection period, the service segment is predicted to grow. Training, installation, maintenance, consulting, and support services are all part of the service segment. The expansion of the service category can be ascribed to institutions' desire for integration capabilities to improve all administrative procedures. These services assist educational institutions in bridging the gap between old systems and new apps, allowing them to provide connected experiences to students and parents while preserving control and stability.

In 2021, the cloud sector had the biggest revenue share. Growth can be ascribed to enhanced institutional agility, flexible access to solutions, and lower costs associated with solution storage and technical staff. Over the projected period, the on-premise sector is expected to grow at a rapid pace. By centralizing data storage and effectively managing end-to-end student information, the on-premise student information system facilitates operations.

In 2021, the admissions and recruiting area generated the most income. Several colleges and institutions are consolidating their technology portfolios into a single integrated software solution. With a single data input in the centralized database, the program assists institutions with the admission procedure, admission form collection, listing, and accepting of students. From 2022 to 2028, the financial management industry is predicted to increase significantly. The digitalization of fee payments, enhanced analytics, easy customization, and lower administrative costs may all be related to the segment's rise. Furthermore, these systems provide schools and universities with a wide range of capabilities that enable them to better manage and administer their accounts.

In 2021, the higher education category generated the most income. The segment's development is being driven by an increase in the number of institutions globally, an increase in instructional gear (virtual reality headsets, podcasts, and interactive whiteboards), a trend toward digital learning content, and gamification. The K-12 category is expected to grow at a rapid pace over the projected period. Some of the primary drivers driving the segment's growth include changing student demographics, increased demand for skill-oriented education, and an increase in online and remote education in emerging countries such as the Asia Pacific and Africa. Several K-12 student information systems have an SMS capability that allows instructors and parents to communicate directly with one another.

KEY MARKET SEGMENTS:

On The Basis of Component

  • Software

  • Service

On The Basis of Deployment

  • Cloud

  • On-premise

On The Basis of Application

  • Financial Management

  • Student Management

  • Admission & Recruitment

  • Student Engagement & Support

  • Others

On The Basis of End-use

  • K-12

  • Higher Education

Student Information System Market

REGIONAL ANALYSIS:

In 2021, the higher education category generated the most income. The segment's development is being driven by an increase in the number of institutions globally, an increase in instructional gear (virtual reality headsets, podcasts, and interactive whiteboards), a trend toward digital learning content, and gamification. The K-12 category is expected to grow at a rapid pace over the projected period. Some of the primary drivers driving the segment's growth include changing student demographics, increased demand for skill-oriented education, and an increase in online and remote education in emerging countries such as the Asia Pacific and Africa. Several K-12 student information systems have an SMS capability that allows instructors and parents to communicate directly with one another.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

KEY PLAYERS:

The major key players are Workday, Inc., Jenzabar, Inc., Skyward, Inc., Tribal Group, Oracle Corporation, Illuminate Education, Ellucian Company L.P, and Arth Infosoft Pvt. Ltd., Foradian Technologies, Campus Management Corp.ComSpec International, Inc.

Student Information System Market Report Scope:
Report Attributes Details
Market Size in 2021  US$ 9.79 Bn
Market Size by 2028  US$ 24.36 Bn
CAGR   CAGR of 13.9% From 2022 to 2028
Base Year 2021
Forecast Period  2022-2028
Historical Data  2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • by Component (Software and Service)
• by Deployment (Cloud and On-premise)
• by Application (Financial Management, Student Management, Admission & Recruitment, Student Engagement & Support, Others)
• by End-use (K-12 and Higher Education)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Workday, Inc., Jenzabar, Inc., Skyward, Inc., Tribal Group, Oracle Corporation, Illuminate Education, Ellucian Company L.P, and Arth Infosoft Pvt. Ltd., Foradian Technologies, Campus Management Corp.ComSpec International, Inc.
Key Drivers • Administration processes must be streamlined
• Increased access to higher education
Market Opportunities • The development of prospective markets in academia
• Technological advancements in eLearning

 


Frequently Asked Questions (FAQ) :

Ans: - The forecast period of the Student Information System market is 2022-2028.

Ans: - Administration processes must be streamlined and Increased access to higher education.

Ans: - The segments covered in the Student Information System study are on the basis of the component, deployment, Application, and End-use.

Ans: - The major key players are Workday, Inc., Jenzabar, Inc., Skyward, Inc., Tribal Group, Oracle Corporation, Illuminate Education, Ellucian Company L.P, and Arth Infosoft Pvt. Ltd., Foradian Technologies, Campus Management Corp.ComSpec International, Inc.

Ans: - Key Stakeholders Considered in the study are Raw material vendors, Regulatory authorities, including government agencies and NGOs, Commercial research, and development (R&D) institutions, Importers and exporters, etc.

 


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID 19 Impact Analysis

4.2 Impact of the Ukraine- Russia war

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7. PEST Analysis

 

8. Student Information System Market Segmentation, by Component

8.1 Software

8.2 Service

 

9. Student Information System Market Segmentation, by Deployment

9.1 Cloud

9.2 On-premise

 

10. Student Information System Market Segmentation, by Application

10.1 Financial Management

10.2 Student Management

10.3 Admission & Recruitment

10.4 Student Engagement & Support

10.5 Others

 

11. Student Information System Market Segmentation, by End-use

11.1 K-12

11.2 Higher Education

 

12. Regional Analysis

12.1 Introduction

12.2 North America

12.2.1 USA

12.2.2 Canada

12.2.3 Mexico

12.3 Europe

12.3.1 Germany

12.3.2 UK

12.3.3 France

12.3.4 Italy

12.3.5 Spain

12.3.6 The Netherlands

12.3.7 Rest of Europe

12.4 Asia-Pacific

12.4.1 Japan

12.4.2 South Korea

12.4.3 China

12.4.4 India

12.4.5 Australia

12.4.6 Rest of Asia-Pacific

12.5 The Middle East & Africa

12.5.1 Israel

12.5.2 UAE

12.5.3 South Africa

12.5.4 Rest

12.6 Latin America

12.6.1 Brazil

12.6.2 Argentina

12.6.3 Rest of Latin America

 

13. Company Profiles

13.1 Workday, Inc.

13.1.1 Financial

13.1.2 Products/ Services Offered

13.1.3 SWOT Analysis

13.1.4 The SNS view

13.2. Jenzabar, Inc.

13.3 Skyward, Inc.

13.4 Tribal Group

13.5 Oracle Corporation

13.6 Illuminate Education

13.7 Ellucian Company L.P

13.8 Arth Infosoft Pvt. Ltd.

13.9 Foradian Technologies

13.10 Campus Management Corp.ComSpec International, Inc.

 

14. Competitive Landscape

14.1 Competitive Benchmarking

14.2 Market Share Analysis

14.3 Recent Developments

 

15. Conclusion

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Secondary Research

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