Global Statistics Representing Student Information System Market Synopsis
A student information system (SIS) is a management information system for educational organizations to manage student data. 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 of the benefits associated with using student information systems. They can be used by institutes/colleges to maintain student records seamlessly. Using a manual system will pose difficulty as the information is scattered and redundant, and collecting relevant information may be very time-consuming.
Colossal data related to applications, finance, and estates is generated on a daily basis in these institutes. 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.
A variety of macro forces are putting inevitable pressure on schools and colleges, ultimately driving people from across the institutional landscape to reconsider long-held beliefs regarding the effective delivery of education services. Acceleration of technological advancements is serving as a prime driver to innovate the conventional pedagogical structure. To remain competitive, 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 student information system (SIS) market has vast growth prospects, owing to the steady increase in the implementation of analytics in the educational sector. These systems are commonly used by administrators and educators to gain accessibility of data and evaluate the performance of students appertaining to the goals and missions of the organization. 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.
The global student information system (SIS) market is expected to grow at a CAGR of 10.3% during the forecast period, 2019–2026.
Based on the end-user, the student information system market is segmented into K-12 and higher education.
On the basis of deployment, the student information system market can be segmented into cloud and on-premise. Cloud-based deployment is expected to grow at the highest CAGR during the forecast period, owing to its cost effectiveness.
Higher education student information system was the most dominant segment in 2017 and is anticipated to stay ahead during the forecast period. 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.
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 accounted for the highest market share in 2017 and is estimated to remain dominant during the forecast period. Prolific deployment of software solutions in school and institutes is a primary driving factor in this region. The U.S. is one of the largest markets for SIS in North America. Europe follows North America in terms of market share. Germany and the U.K. account for 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. India is implementing policies such as Sarva Shiksha Abhiyaan to reduce the dropout rate and increase pupil retention. SIS can be a beneficial element in preserving student information, tracking their progress, and taking pertinent decisions whenever necessary.
In LAMEA, developing nations are anticipated to witness significant market growth, owing to investments in the education sector. Brazil is the most prominent country in Latin America for student information systems.
Some of the key players in the student information system market are Eduware, Ellucian, ESchoolPLUS (FIS), Focus School Software, Foradian Technologies, Illuminate Education, Jenzabar, Oracle, Skyward, Unit4, Jenzabar, PowerSchool, and Skyward.
Student Information System Market Segmentation