Global Student Information Systems Industry Expected to Hit $20.5 Billion by 2027 – ResearchAndMarkets.com

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DUBLIN–(BUSINESS WIRE)–The “Student Information System Market with the Impact of COVID-19 by Component (Solutions (Registration, Education, Financial Aid, and Billing) and Professional Services), End User (K-12 and Higher Education ), deployment mode and region – The “Global Forecast to 2027” report has been added to from ResearchAndMarkets.com offer.

The global Student Information System market size will grow from USD 10.2 Billion in 2022 to USD 20.5 Billion by 2027, at a compound annual growth rate (CAGR) of 14.9% during of the forecast period.

By solutions, billing sub-segment is expected to grow at the highest CAGR during the forecast period

The billing sub-segment is expected to grow at the highest growth rate over the forecast period. Billing solutions in SIS include student tuition payment, online invoicing or bill payment, and financial reporting and record keeping. SIS solutions offer tuition payment processing features so students can manage all of their billing issues in one place. It allows students, parents or guardians to inspect tuition invoices and make payments directly using a secure payment system.

By professional services, the deployment and integration sub-segment will hold the largest market share

The deployment and integration sub-segment is expected to hold a larger market size. Deployment and Integration Services help institutions implement SIS solutions according to multiple business requirements. Systems integration services are increasingly accepted by end users around the world as they help ensure a satisfying user experience, meet IT standards, and manage budget guidelines.

By end-user, K-12 segment is expected to grow at the highest CAGR during the forecast period

The K-12 segment is expected to grow at the highest CAGR during the forecast period. A K-12 student information system stores and tracks all student data, such as grades and attendance, that teachers or administrators need to manage their classrooms or manage their schools. It allows teachers, students and parents to access all relevant information relating to a student’s schooling.

Market dynamics

Drivers

  • Need to streamline administration processes

  • Growth in access to higher education

  • Increased adoption of cloud-based solutions

  • Increased demand for tailor-made solutions

Constraints

  • Lack of proper infrastructure in developing and underdeveloped economies

  • Risk of data loss and security breaches

Opportunities

  • Emergence of potential markets in the university sector

  • Advances in e-learning technologies

  • Widespread adoption of online education due to the pandemic

Challenges

  • Need for technical training for teachers and instructors

Companies cited

  • Alma

  • Anthology

  • Arth Infosoft

  • Hive

  • Older sister

  • Bluebic

  • Compspec International

  • dream class

  • Ellucian

  • Facts

  • School Tuning Software

  • Fool

  • Foradian Technologies

  • Gradelink

  • igradeplus

  • Light Up Education

  • Jenzabar

  • myclasscampus

  • My school

  • Oracle

  • power school

  • Quickschools

  • Rediker software

  • SAP

  • Toward the sky

  • Smart class

  • Thesis

  • tribal group

  • Vercross

  • Working day

For more information about this report visit https://www.researchandmarkets.com/r/slcuks

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