Global Student Information System Market Size By Deployment Mode (Cloud-based Systems, On-premises Systems), By Component (Software, Services), By Application (Student Enrollment and Admission, Academic Management), By Geographic Scope And Forecast
Published on: 2024-08-14 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Global Student Information System Market Size By Deployment Mode (Cloud-based Systems, On-premises Systems), By Component (Software, Services), By Application (Student Enrollment and Admission, Academic Management), By Geographic Scope And Forecast
Student Information System Market Size And Forecast
Student Information System Market size was valued at USD 12.91 Billion in 2024 and is projected to reach USD 35.76 Billion by 2031, growing at a CAGR of 14.98% from 2024 to 2031.
- A Student Information System (SIS) streamlines administrative and academic processes in educational institutions by centralizing student data, automating tasks like enrollment, attendance tracking, and communication between students, teachers, and parents.
- SIS applications are diverse, serving a range of functions essential for the smooth operation of educational institutions. They support administrative tasks like admissions processing, timetable scheduling, and fee management, while also enhancing academic operations through grade tracking, course management, and academic planning.
- Furthermore, modern SIS platforms often include features for reporting, analytics, and communication tools, enabling institutions to monitor student performance, generate reports, and maintain seamless interaction with stakeholders.
- They are also increasingly integrated with other systems, such as Learning Management Systems (LMS) and library management systems, providing a unified environment for academic administration.
Global Student Information System Market Dynamics
The key market dynamics that are shaping the global student information system market include
Key Market Drivers
- Technological AdvancementsContinuous innovations in cloud computing, AI, and data analytics are enhancing the functionality and efficiency of Student Information Systems (SIS), driving their adoption in educational institutions. According to the U.S. Department of Education’s National Center for Education Statistics (NCES), as of 2022, 95% of public schools had access to high-speed internet, facilitating the adoption of advanced SIS solutions.
- Increasing Enrollment in Educational InstitutionsThe growing number of students in schools and universities worldwide creates a higher demand for robust SIS to manage academic records, streamline operations, and improve administrative efficiency. The UNESCO Institute for Statistics reported that global tertiary education enrollment reached 235 million students in 2020, with projections estimating this number to exceed 250 million by 2025.
- Government Initiatives and RegulationsPolicies and funding from governments aimed at modernizing educational infrastructure and improving data management standards are boosting the implementation of advanced SIS solutions. The U.S. Department of Education allocated $190 billion through the Elementary and Secondary School Emergency Relief (ESSER) Fund in 2020-2021, part of which was directed towards improving educational technology infrastructure.
- Focus on Personalized LearningThe rising emphasis on personalized education requires sophisticated SIS that can track and analyze student performance data to tailor learning experiences and outcomes effectively.
- Rising Demand for Data Security and ComplianceEnhanced awareness of data privacy concerns and regulatory requirements drives the need for SIS that offer robust security features and ensure compliance with standards such as GDPR and FERPA. The K-12 Cybersecurity Resource Center reported 408 publicly disclosed school cyber incidents in 2020, highlighting the increasing need for robust data security in educational institutions.
Key Challenges
- High Implementation CostsThe initial expense of deploying advanced Student Information Systems can be prohibitive for smaller institutions or those with limited budgets, affecting market growth.
- Complex Integration with Existing SystemsIntegrating new SIS solutions with legacy systems or other software can be complex and time-consuming, often requiring significant adjustments and customization.
- Data Privacy ConcernsThe handling of sensitive student data raises significant privacy and security issues, leading to potential resistance from institutions wary of data breaches or compliance failures.
- Resistance to ChangeEducators and administrators may resist adopting new technology due to the learning curve and disruption of established workflows, slowing the rate of SIS adoption.
- Technical Support and Maintenance ChallengesOngoing support and maintenance requirements can be demanding and costly, particularly for institutions lacking in-house technical expertise, which may deter investment in SIS.
Key Trends
- Cloud-Based SolutionsIncreasing adoption of cloud-based Student Information Systems offers greater flexibility, scalability, and accessibility, enabling institutions to manage data more efficiently and collaborate seamlessly across different locations. The U.S. Department of Education’s National Center for Education Statistics (NCES) reported in 2019 that approximately 80% of public schools were using cloud-based systems for various administrative and educational purposes.
- Integration of Artificial Intelligence and AnalyticsThe use of AI and advanced analytics within SIS is enhancing predictive capabilities, automating administrative tasks, and providing actionable insights for personalized student support and improved decision-making. A survey conducted by EDUCAUSE in 2023 found that 45% of higher education institutions were using or planning to use AI and machine learning in their administrative systems within the next two years.
- Mobile Accessibility and User ExperienceGrowing emphasis on mobile-friendly interfaces and applications is improving accessibility for students, parents, and educators, allowing them to manage academic activities and access information from any device. According to a 2022 survey by the Pew Research Center, 95% of teens in the United States have access to a smartphone, highlighting the importance of mobile-friendly SIS solutions.
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Global Student Information System Market Regional Analysis
Here is a more detailed regional analysis of the global student information system market
North America
- North America, especially the United States and Canada, stands out as a leading market for Student Information Systems (SIS) due to its sophisticated educational infrastructure and high technology adoption rates.
- As of 2023, North American educational institutions invested USD 12.6 Billion in SIS and related technologies.
- Ellucian reported a 20% growth in its U.S. and Canadian customer base for cloud-based SIS solutions in Q4 2023.
- In February 2024, PowerSchool launched an AI-driven predictive analytics module for its SIS platform.
- The U.S. Department of Education’s 2023 EdTech survey showed 92% of K-12 schools use advanced SIS solutions.
- Blackbaud’s 2023 annual report highlighted a 30% increase in SIS adoption among Canadian universities.
- Jenzabar unveiled a blockchain-based credentialing feature for its SIS at the EDUCAUSE conference in March 2024.
Asia Pacific
- The Asia-Pacific region is experiencing rapid expansion in the SIS market, fueled by rising student populations, increasing investments in educational technology, and government initiatives aimed at modernizing educational institutions.
- Emerging economies such as India and China are major contributors, seeking scalable and cost-effective SIS solutions to manage large and diverse student bases. China’s education technology market reached USD 57 Billion in 2023, with SIS solutions accounting for 15% of the total.
- In February 2024, Tencent Education launched an AI-powered SIS platform tailored for Chinese universities.
- A 2023 report by the Asian Development Bank showed a 40% increase in SIS adoption across Southeast Asian countries.
- APAC’s largest education company, New Oriental, partnered with Oracle to upgrade its SIS in March 2024.
- Japan’s Ministry of Education reported 85% of universities using cloud-based SIS solutions by the end of 2023.
Global Student Information System MarketSegmentation Analysis
The Global Student Information System Market is Segmented on the basis of Deployment Mode, Component, Application, And Geography.
Student Information System Market, By Deployment Mode
- Cloud-based System
- On-premises Systems
Based on Deployment Mode, the Global Student Information System Market is bifurcated into Cloud-based System and On-premises Systems. In the student information system (SIS) market, cloud-based systems are currently dominating due to their scalability, flexibility, and cost-effectiveness. Institutions favor these solutions for their ease of access and lower upfront costs, which eliminate the need for extensive on-premises infrastructure. Conversely, cloud-based systems are also the rapidly growing segment, driven by the increasing demand for remote accessibility, real-time updates, and the ability to integrate seamlessly with other educational tools and platforms. The shift towards cloud solutions is further accelerated by advancements in technology and the growing emphasis on digital transformation in education.
Student Information System Market, By Component
- Software
- Services
Based on Component, the Global Student Information System Market is bifurcated into Software and Services. In the student information system (SIS) market, the software segment is currently dominating, as educational institutions seek comprehensive solutions to manage student data, academic records, and administrative tasks effectively. However, the services segment is experiencing rapid growth due to the increasing demand for implementation support, customization, and ongoing maintenance and support services. Institutions are increasingly recognizing the value of professional services to optimize the deployment and integration of SIS software, ensuring that these systems meet their specific needs and adapt to evolving educational requirements.
Student Information System Market, By Application
- Student Enrollment and Admission
- Academic Management
- Financial Management
- Communication and Collaboration
- Analytics and Reporting
Based on Application, the Global Student Information System Market is bifurcated into Student Enrollment and Admission, Academic Management, Financial Management, Communication and Collaboration, and Analytics and Reporting. In the student information system (SIS) market, academic management is the dominating segment, as institutions prioritize efficient tracking of student progress, grading, and curriculum management to streamline academic operations. However, the Analytics and Reporting segment is rapidly growing, driven by the increasing need for data-driven insights and decision-making. Institutions are increasingly leveraging advanced analytics to gain deeper insights into student performance, optimize educational strategies, and enhance overall institutional effectiveness.
Student Information System Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the World
Based on Geography, the Global Student Information System Market is classified into North America, Europe, Asia Pacific, and the Rest of the World. In the student information system (SIS) market, North America is currently the dominating region due to its advanced educational infrastructure, high technology adoption rates, and significant investments in educational technologies. However, the Asia Pacific region is rapidly growing, driven by increasing student enrollments, digital transformation initiatives, and rising investments in educational technology. This growth is fueled by the expanding educational sector in emerging economies like India and China, which are adopting SIS solutions to enhance operational efficiency and student management.
Key Players
The “Global Student Information System Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Oracle, Workday, Ellucian (after acquiring Tribal Group), SAP, PowerSchool, Jenzabar, Illuminate Education, Anthology, Inc., Foradian Technologies.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Global Student Information System Market Key Developments
- In March 2024, Blackboard, Inc. announced a major update to its Blackboard Student Information System, incorporating AI-driven analytics for enhanced student performance tracking and personalized learning experiences. This upgrade aims to provide institutions with deeper insights into student engagement and academic progress.
- In June 2023, PowerSchool Holdings, Inc. unveiled its new cloud-based SIS platform with integrated mobile accessibility features, allowing students, parents, and educators to manage academic information and communicate more effectively from any device. This development focuses on improving user experience and accessibility.
- In January 2024, Ellucian introduced a new suite of SIS solutions designed for higher education institutions, featuring advanced data security measures and compliance tools to address evolving regulatory requirements and safeguard sensitive student information.
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
Study Period | 2021-2031 |
Base Year | 2024 |
Forecast Period | 2024-2031 |
HISTORICAL PERIOD | 2021-2023 |
UNIT | Value (USD Billion) |
Key Companies Profiled | Oracle, Workday, Ellucian (after acquiring Tribal Group), SAP, PowerSchool, Jenzabar, Illuminate Education, Anthology, Inc., Foradian Technologies. |
Segments Covered | Deployment Mode, Component, Application, And Geography. |
Customization scope | Free report customization (equivalent to up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope. |
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