The global student information system market size is expected to reach USD 11.51 billion by 2028 according to a new study by Polaris Market Research. The report “Student Information System Market Share, Size, Trends, Industry Analysis Report, By Component (Software, Services), By Deployment, By Application, By End-Use, By Region; Segment Forecast, 2021 - 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The market is growing at a significant rate due to the factor such as increasing adoption of smart gadgets and internet, development of the education sector, as well as growing trend of online education. In addition, rising trend of MOOCs in education is gaining huge popularity among students as it incorporates social networking, facilitated by efficient practitioners, and provides accessible online resources. Thus, the growing demand for MOOCs and further online courses is directly associated with the adoption of the SIS, which, in turn, drives the industry for this system in the approaching years.
Based on application, the segment of admission and recruitment has to lead the market, owing to the various significant features offered by SIS such as enrollment, registration, and recording profiling, engagement, and progress, leading to the growing adoption by the various educational institutions and universities. Financial management segment is expected to grow at the highest pace over the forthcoming scenario.
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Participants such as Beehively, Campus Management Corp., Focus School Software, Foradian Technologies, ComSpec International, Illuminate Education, Oracle Corporation, PowerSchool, Jenzabar Inc., SAP SE, Skyward, Inc, Tribal Group, Unit4, Workday Inc. are some of the key players operating in the global market.
There are various players introducing various products into the market to expand their business and trading operations worldwide. For instance, in July 2021, HP India launched solutions powered by Artificial Intelligence that facilitate educational institutions' transition into a digital learning environment. Similarly, in July 2021, Thesis introduces its new SIS business to bring out this information system to fulfill demand from educational institutes.
Polaris Market Research has segmented the student information system market report on the basis of component, deployment, application, end-use and region:
Student Information System, Component Outlook (Revenue - USD Million, 2016 - 2028)
Student Information System, Deployment Outlook (Revenue - USD Million, 2016 - 2028)
Student Information System, Application Outlook (Revenue - USD Million, 2016 - 2028)
Student Information System, End-Use Outlook (Revenue - USD Million, 2016 - 2028)
Student Information System, Regional Outlook (Revenue - USD Million, 2016 - 2028)