Student Information System Market Size, Share & Industry Analysis, By Component (Solution, Services), By Deployment (On-Premises, Cloud), By End-User (K-12, Higher Education)and Regional Forecast, 2024-2032

The student information system (SIS) is a management information system that provides conducive and structured information among students, teachers, and parents to communicate about relevant information related to students and organization performance. This system is used for registering students in courses and documenting grades, transcripts, test results, and generating academic scores. It also assists in tracking students' attendance, building students' schedules, and managing all student-related educational data. SIS also provides access to the parents to make payments, to handle student information, and interact with school functionaries.

Key Market Driver -

Rising focus of the educational institutes to improve quality of education and administration process

Key Market Restraint -

Growing risk of data mishandling

The rising focus of the educational institutes to improve the quality of education and administration process is fuelling the growth of the student information system market. The ultimate aim of any educational institute is to enhance the student and organization performance. Student Information System (SIS) assists the institutions to manage every single detail about students in an organized, holistic, and cost-effective way. Additionally, SIS helps in streamlining the student’s data thereby minimizing the time required for maintaining and organizing records manually. Also, it enhances the communication between different divisions of the education institutes. Thus, demand for SIS solutions is increasing rapidly in the market. Furthermore, the increasing availability of advanced SIS solutions that leverage artificial intelligence (AI), machine learning, cloud computing, and the internet of things (IoT), is boosting the growth of the student information system market. Favorable government initiatives to support education systems is expected to create lucrative opportunities for the growth of the student information system market.

However, weak internet facilities in some developing and underdeveloped countries, as well as the risk of data mishandling, are some of the factors limiting the market growth of the student information system.

Market Segmentation:

Based on the component, the market is segmented into solutions and services. Based on the solution, the market is further divided into enrollment, academics, financial aid and billing. By services, the market is bifurcated into professional services and managed services. By deployment, the market is segmented into on-premises and cloud. By the end-user, the market is bifurcated into K-12 and higher education. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Key Players Covered:

The major companies in the global student information system market report include Campus Management Corp., ComSpec International, Inc., Ellucian Company L.P., Foradian Technologies, Illuminate Education, Jenzabar, Inc., Oracle, SAP SE, Skyward, Inc., and Tribal Group

Regional Analysis:

To gain extensive insights into the market, Request for Customization

The global student information system market has been segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America followed by Europe, dominated the global student information system market in 2018, owing to the rising focus of the educational institutes to improve the quality of education and administration process. Furthermore, the favorable government initiatives supporting the education sector is anticipated to fuel the demand for student information system solutions in Asia-Pacific. Latin America and the Middle East & Africa are projected to register a comparatively higher CAGR by the end of the forecast period.

Segmentation

Student Information System Industry Developments

• In February 2019, Unifyed, one of the leading providers of SaaS student engagement software, launched Unifyed Student,  a next generation cloud-based student information system (SIS) to enable students to more easily register for classes and get notifications for overdue balance or posted grades


• In October 2018, Oracle introduced Student Cloud suite of products that includes Student Management platform specifically designed to support traditional education programs to improve student outcomes