Student Information System Market

Report Scope & Overview:

The Student Information System Market size was valued at USD 11.15 Bn in 2022 and is expected to reach USD 31.58 Bn by 2030, and grow at a CAGR of 13.9% over the forecast period 2023-2030.

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.

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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

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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,  Arth Infosoft Pvt. Ltd., Foradian Technologies, Campus Management Corp.ComSpec International, Inc. & Other Players

Workday Inc - Company Financial Analysis