According to the latest report by IMARC Group, titled “Student Information System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global student information system market size exhibited strong growth during 2015-2020. A student information system is a responsive web-based platform designed to assist administrators, teachers, students and parents. It offers centralized billing and accounting management, easy exam scheduling, and efficient management of student-related activities. It also reduces the time spent on maintaining records and facilitating communication between multiple divisions. As a result, student information systems are gaining traction across the globe.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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Global Student Information System Market Trends:
At present, there is a considerable increase in the trend of digitization across the education industry. This represents one of the key factors positively influencing educational institutions to adopt student information systems worldwide. These systems aid in improving the quality of education and streamlining issues concerning students, administrators and teachers. Apart from this, the rising penetration of the internet and boosting sales of smartphones around the world are impelling the market growth. Furthermore, the market is also driven by the increasing adoption of cloud- and artificial intelligence (AI)-based software. These advanced solutions enhance data security and reduce the overall operational costs of the institutions. This, in confluence with increasing investments in the education industry and extensive research and development (R&D) activities, is projected to fuel the market. Looking forward, IMARC Group expects the market to expand at a CAGR of 13% during the forecast period (2021-2026).
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Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
- Arth Infosoft
- Campus Management Corporation
- ComSpec International
- Ellucian
- Foradian
- Illuminate Education
- Jenzabar
- Oracle Corporation
- SAP
- Skyward
- Tribal Group
- Unit4
- Workday Inc
Student Information System Market Segmentation:
Our report has categorized the market based on region, component, deployment type, and end-user.
Market Breakup by Component:
- Solution
- Enrollment
- Academics
- Financial Aid
- Billing
- Services
- Professional Services
- Managed Services
Market Breakup by Deployment Type:
- On-premises
- Cloud
Market Breakup by End-User:
- K-12
- Higher Education
Market Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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