The global student information system market was valued at USD 7.98 billion in 2020 and is expected to grow at a CAGR of 6.3% during forecast period. The increasing initiatives by the governments for the technological development in the education industry coupled with the rising penetration of digital platform services are some significant factors, which are contributing towards the development of student information system market.
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The increasing number of educational establishments, mainly in emerging nations, is leading the adoption of student information systems. For instance, according to India Brand Equity Foundation (IBEF), India has more than 250 million school-going scholars. There are approximately 37.4 million candidates enrolled in higher education. Similarly, country has around 39,931 colleges in 2019 and 967 universities in 2021. Therefore, a rising number of schools and colleges require software and solutions for recording and organizing information.
In addition, growing attention towards the development in the education worth and offers better communication facilities among faculties, students, and parents are another leading factor that drives the market in the upcoming scenario. Furthermore, vendors are developing certain software for meeting the growing market demand for student information system in the forecasting years.
The ongoing widespread of COVID-19 has forced numerous regions to shut down businesses and schools to halt the transmission of the virus. Due to this negative outcome, many education systems are rapidly stimulated by online education. This also encourages the adoption of the student information system in various educational establishments. Many mid-tier government schools opted for student information system applications for efficiently managing student's data. Thus, it fuels market growth for across the globe.
Digitalization in the education sector contributes to momentous development in modernization and reforms of the education sector. Digital education is creating new opportunities for the student information system for managing students’ data through an online digital environment. Thus, the digitalization and establishment of EdTech startups are boosting the penetration of the (SIS) application across the globe. The usage of some education techniques like digital textbooks, online courses & exams, e-notes, etc., also reflects the positive growth in few past years, which shows market growth of student information system in the upcoming years.
For instance, in China, more than 10 massive open online courses (MOOC) platforms were in the year 2018, along with over 460 universities & colleges has introduced 3,200 online courses with above 55 million viewers, according to the Ministry of Education. Hence, the augmentation of digital content production for the students is tied with the adoption of deployment of software and solutions for data management creates a pave for the market around the world.
The market is primarily segmented on the basis of component, deployment, application, end-use and region.
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Among the component segment, the software segment is accounted for the leading position in the worldwide market. Numerous educational foundations are seeking solutions that enhance their efficiency and easily support their inside processes. In addition, increasing establishments of the educational institutions are directly associated with the rising penetration of the information system software for managing data that fuels the market growth.
This information system software offers flexible costs of the models, convenient way of deployment along with easy maintenance are few more factors that impel the market demand. It is implemented for managing data for getting better institutional standings, enhanced outcomes as well as optimized operations that may lead the segment all around the world.
Service segment is estimated to show a lucrative rate in the impending period. This segment comprises services of consulting, installation, maintenance, support, and training services. Moreover, rising organizational needs for penetration of cloud computing, improving the potential of the existing system, and escalating significance for automation are some prominent factors, which, in turn, fuel the market growth globally. Furthermore, the rising needs for the integration capabilities demand by education foundations for enhancing all administration procedures may attribute to the segment’s growth fortunes.
Based on the end-use segment, the higher education segment is recorded with the highest number of shares in the global market. Factors such as increasing hardware for educational services, growing models of social learning, intensifying number of colleges and universities globally, and a rising inclination towards digital learning are some prominent factors that contribute to the segment growth.
In the present scenario, the progression and development in the learning & teaching technology as well as for optimization of operational competence are considered necessary for the provision of data and insights with the help of student information system software. Thus, these factors may drive segment growth across the globe in the near future.
The segment of K-12 is likely to witness a momentous growing rate over the forecasting period. Shifting students' prospects towards smart learning contribute to the progression of the education broadcasting models around online training and in-person experiences. The innovative way of teaching technologies enhances outcomes of the education, raises chances of students' success, and improves personalization.
The segment growth is also influenced by the growing penetration of the e-learning method in schools and the formation of Next-gen Digital Learning Environment (NGDLE) around the world has lead student information system manufacturers for presenting modified solutions for the K-12. Therefore, this may boost the segment growth in the approaching period.
Geographically, North America is the largest contributor in terms of revenue and dominates the overall market. Due to the fact that this region has the highest rate for the acceptance of technologies like big data, cloud, analytics, IoT, digital transformation, and mobility, coupled with the rising responsiveness for higher education.
Moreover, abundant sellers such as Jenzabar Inc., SAP SE, Oracle Corporation, and Workday Inc., along with the presence of skillful technical expertise, are the further leading factors that contribute towards the regional growth. Therefore, these factors create a productive market demand for student information systems in the forecasting period.
Asia Pacific is projected to grow at the highest pace across the globe in the approaching years. The market demand is expected to increase due to the growing adoption of information system applications, especially in emerging countries such as China and India, for enhancing operational efficiency for student. As well as the growing number of middle & high schools along with universities is deploying digital solutions is further fostering the market demand for these information systems in the APAC. Thus, these factors are gaining significant prominence across the region.
Online courses also play a major role as they can learn things and get information virtually. They are convenient, flexible, and offer more attention towards students individually. It states that with the help of online courses, candidates can learn more effectively without wasting time than traditional way. Thus, it positively influences the demand for student information system market.
Some of the major players operating in the student information system market include Beehively, Campus Management, Campus Management Corp., ComSpec International, Focus School Software, Foradian Technologies, Illuminate Education, Jenzabar Inc., Oracle Corporation, PowerSchool, SAP SE, Skyward Inc, Tribal Group, Unit4, Workday Inc.
Market size value in 2020
USD 7.98 billion
Revenue forecast in 2028
USD 11.51 billion
6.3% from 2021 - 2028
2016 - 2019
2021 - 2028
Revenue in USD million and CAGR from 2021 to 2028
By Component, By Deployment, By Application, By End-Use, By region
North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Beehively, Campus Management, Campus Management Corp., ComSpec International, Focus School Software, Foradian Technologies, Illuminate Education, Jenzabar Inc., Oracle Corporation, PowerSchool, SAP SE, Skyward Inc, Tribal Group, Unit4, Workday Inc.