Home Technology Student Information System Market Size, Growth and Forecast to 2031

Student Information System Market

Student Information System Market Size, Share & Trends Analysis Report By End-User (K-12, Higher Education), By Deployment (Cloud, On-Premise), By Component (Solutions, Professional Services), By Application (Financial Management, Student Management, Admission & Recruitment, Student Engagement & Support, Others (Learning Management System, Gradebook Management System, and Program & Course Management)) and By Region(North America, Europe, APAC, Middle East and Africa, LATAM) Forecasts, 2023-2031

Report Code: SRTE261DR
Study Period 2019-2031 CAGR 11.3%
Historical Period 2019-2021 Forecast Period 2023-2031
Base Year 2022 Base Year Market Size USD 9.2 Billion
Forecast Year 2031 Forecast Year Market Size USD 24.11 Billion
Largest Market North America Fastest Growing Market Asia-Pacific
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Market Overview

The global student information system market size was valued at USD 9.2 billion in 2022. It is projected to reach USD 24.11 billion by 2031, growing with a CAGR of 11.3% during the forecast period (2023–2031).

A student information system (SIS) is a management information system used by educational institutions to manage student data. Administrators and educators commonly use these systems to gain access to data and evaluate students' performance according to the organization's goals and missions. The software helps in registering students in courses, documentation of grades, transcripts, results of tests, and other assessment scores. Building student schedules, tracking attendance, and managing other student-related data are some benefits of using student information systems. They can be used by institutes/colleges to maintain student records seamlessly. Using a manual system poses difficulty as the information is scattered and redundant, and collecting relevant information may be time-consuming. These institutes generate colossal data related to applications, finance, and estates daily. These data sets help organizations and institutes in effective business and operational decision-making. They help in formulating policies regarding students' progress and enhance their productivity. Security is one of the supreme concerns because of the vast amount of sensitive and personal information stored on organizations' servers, making them a potentially attractive target for security breaches.

Market Dynamics

What are the factors driving the market growth?

Technological Advancements

The acceleration of technological advancements is serving as a prime driver to innovate the conventional pedagogical structure. Institutions are bound to invest in technological innovations such as student information systems to transform their operations and education services for long-term success. The SIS market has vast growth prospects, owing to the steady increase in the implementation of analytics in the educational sector. Rising demand for the collaborative visualization of data and presentation to suit the needs of users will drive the student information system market during the forecast period. A growing number of universities are shifting towards technological solutions in administration and acquiring educational hardware such as projectors and interactive boards, switching to digitized content, and using social learning. These trends are driving the student information system market globally, which has enormous potential to change the educational landscape in the near future.

What are the factors restraining the market growth?

Risk of Security Breach

In educational institutions, records are susceptible to security breaches. This makes schools and institutes of higher education a frequent target for identity theft and fraud. When files and documents are shared via internet networks without taking the necessary measures, the information they contain may be exposed to hazards. In order to get access to sensitive personal information and perform financial crimes, hackers and fraudsters use viruses, malware, spyware, spam, and phishing. There is also the possibility that sensitive academic information will be disclosed by workers. In addition, institutions frequently utilize their credentials to access third-party APIs, putting the institution and its data in danger.

Regional Analysis

The global student information system market is segmented into North America, Europe, Asia Pacific, and Latin America, and the Middle East & Africa (LAMEA).

North America accounts for the highest market share and is estimated to remain dominant during the forecast period. The prolific deployment of software solutions in schools and institutes is a primary driving factor in this region. Increasing adoption of emerging technologies, such as IoT, cloud, big data, and digital transformation, drives the expansion. Additionally, the region benefits from the introduction of innovative solutions by industry leaders and ongoing efforts to enhance student information system solutions with new technologies. Universities' increasing preference for SIS deployment to provide a secure and reliable structure between students and school administration is driving the regional market's expansion. The U.S. is the largest market for SIS in North America.

Europe follows North America in terms of market share. The expansion is attributable to the rise in educational tourism and the number of international students studying in various nations in this region. As the educational sector becomes increasingly popular in this region, there is a greater preference for student information system software as it facilitates the operations of numerous educational institutions. Germany and the U.K. account for the majority of the market share in the region, owing to the availability of school-associated proceedings over linked stages.

Asia-Pacific is one of the fast-growing regions for student information systems, with China accounting for the largest share. The governments of many nations in the area are taking steps to provide quality education and boost the literacy rate, which is anticipated to contribute to the long-term expansion of the market. India is implementing policies such as Sarva Shiksha Abhiyaan to reduce the dropout rate and increase pupil retention. In addition, the region may present prospects for student information system vendors as educational institutions implement digital solutions to boost operational efficiency. SIS can be a beneficial element in preserving student information, tracking their progress, and making pertinent decisions whenever necessary.

In LAMEA, developing nations are anticipated to witness significant market growth owing to investments in the education sector. The region of Latin America has achieved significant progress in terms of educational coverage; nearly all children attend elementary school, and access to secondary education has expanded significantly. On average, today's youth finish two more years of schooling than their parents did. The majority of educational systems in the area have put in place a variety of institutional and administrative reforms that have made it possible to reach areas and communities that did not have access to education services earlier. Brazil is the most prominent country in Latin America for student information systems. Memetech was awarded the contract to supply SIS in South Africa. The contract was for the development of an integrated system (hardware, software, and professional services) that would allow the National School of Government in South Africa to enhance the functionality of its Student Management Information System. It is anticipated that the use of Student Information System solutions will increase as educational institutions place a greater emphasis on providing quality education and facilitating communication between students, parents, and faculty, as well as as a result of widespread government initiatives aimed at technologically modernizing the education sector in the region.

Report Scope

Report Metric Details
Segmentations
By End-User
  1. K-12
  2. Higher Education
By Deployment
  1. Cloud
  2. On-Premise
By Component
  1. Solutions
    1. Enrollment
    2. Academics
    3. Billing
    4. Financial Aid
  2. Professional Services
    1. Training & Consulting
    2. Deployment & Integration
    3. Support & Maintenance
By Application
  1. Financial Management
  2. Student Management
  3. Admission & Recruitment
  4. Student Engagement & Support
  5. Others (Learning Management System, Gradebook Management System, and Program & Course Management)
Company Profiles Eduware Ellucian ESchoolPLUS (FIS) Focus School Software Foradian Technologies Illuminate Education Jenzabar Oracle Skyward Unit4 PowerSchool
Geographies Covered
North America U.S. Canada
Europe U.K. Germany France Spain Italy Russia Nordic Benelux Rest of Europe
APAC China Korea Japan India Australia Taiwan South East Asia Rest of Asia-Pacific
Middle East and Africa UAE Turkey Saudi Arabia South Africa Egypt Nigeria Rest of MEA
LATAM Brazil Mexico Argentina Chile Colombia Rest of LATAM
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends
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Segmental Analysis

Based on the end-user, the student information system market is segmented into K-12 and higher education.

The higher education student information system is the most dominant segment and is anticipated to stay ahead during the forecast period. The segment is growing due to the increase in the number of colleges globally, the increase in educational gear, the trend toward digital learning content, and gamification. In addition, the scalability and adaptability of online learning platforms will definitely contribute to segment expansion in the next years. For educational purposes, the immigration rate of students rose to 5 million in 2014, twice the number of students in 2000, with an annual rate of 10%. According to OECD, international student mobility is likely to reach 8 million by 2025. Thus, the increasing number of students due to the rise in demographic dividend in emerging nations is expected to strengthen the student information system market during the forecast period.

On the basis of deployment, the market can be segmented into cloud and on-premise.

Cloud-based deployment is expected to grow at the highest CAGR during the forecast period. The expansion can be ascribed to enhanced institutional agility, flexible access to solutions, and decreased expenses related to the storage of solutions and technical personnel. In addition, cloud-based solutions enable effective information delivery to students and efficient management of business processes, resulting in improved collaboration between stakeholders, quick access, and data protection. Thus, the increasing demand for a centralized system to manage the competition between institutions and academic processes is creating greater prospects for the expansion of cloud-based student information systems.

The on-premises category is expected to expand significantly during the projected period. By keeping data in a single location, the on-premises student information system enables operations and effectively handles end-to-end student information. These systems are connected to a variety of applications that provide a vast array of reporting and engagement tools that may be utilized by a school's data administrators, staff, and students. It also permits complete control and customization of the system according to user requirements.

Market Size By End-User

Market Size By End-User
  • K-12
  • Higher Education
  • Recent Developments

    • September 2022- Flywire Corporation, a worldwide payments enablement and software firm has announced the launch of its integration with Universitas XXI, a university management system designed to serve higher education clients in Spain and Latin America. Flywire's digital education payments technology will be integrated into Universitas XXI's student information system, facilitating a smooth payment experience for students and administrators and supporting both foreign and domestic payment flows.
    • April 2022- The premier provider of digital solutions for higher education, Ellucian, has announced that Algoma University has selected Ellucian Colleague SaaS to modernize its technological operations. Algoma University will install Ellucian Colleague SaaS, a comprehensive cloud-based ERP system, to support the institution's digital transformation, resulting in an improved student experience with a modern learning environment. In addition to integrating fully with Algoma's financial management system, the improved system will provide increased functionality and services for faculty and staff, as well as the tools necessary to enhance future business activities.
    • October 2021- Ellucian, the leading provider of digital solutions for higher education, has strengthened its cooperation with D2L, the global leader in learning innovation technology. A deeper cooperation between Ellucian and D2L will make it easier for a greater number of colleges and institutions to integrate their LMS and ERP/SIS platforms, delivering a streamlined experience from the sales process to implementation and support.

    Top Key Players

    Student Information System Market Share of Key Players

    Student Information System Market Share of Key Players
    Eduware Ellucian ESchoolPLUS (FIS) Focus School Software Foradian Technologies Illuminate Education Jenzabar Oracle Skyward Unit4 PowerSchool Others

    Frequently Asked Questions (FAQs)

    How big is the Global market?
    The global student information system market size was valued at USD 9.2 billion in 2022. It is projected to reach USD 24.11 billion by 2031, growing with a CAGR of 11.3% during the forecast period (2023–2031).
    North America has the highest growth in the global market.
    Key verticals adopting the market include: Eduware, Ellucian, ESchoolPLUS (FIS), Focus School Software, Foradian Technologies, Illuminate Education, Jenzabar, Oracle, Skyward, Unit4, Jenzabar, PowerSchool, Skyward,
    Technological Advancements is the key driver for the growth of the global market.


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