K-12 Student Information System Market Expected to Witness Increased Growth Over the Forecast Period to 2030 – This Is Ardee

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The description

According to the Market Statsville Group (MSG), the global K-12 student information system market the size should grow to a CAGR of 17.3% during the forecast period (2022-2030). Major factors driving the growth of the market include the increasing demand for a reliable solution to manage the day-to-day operations of educational institutions. Additionally, growing reliance on digital technologies such as cloud, IoT, analytics, and big data, which are used to run various activities of educational institutions, is expected to support the market growth in the years to come.

Global K-12 Student Information System Market Definition

The Student Information System (SIS) is a computer system that manages various student data. Registered staff members can view, edit and report student records through SIS. The system also transmits the necessary data to several other computer systems. The term “K-12” refers to the years of supported primary and secondary education from kindergarten to grade 12. These systems can track notes and attendance data. Parents frequently access SIS K-12, which is a component that distinguishes these resources from those found in higher education. Many K-12 student information systems have an SMS option that allows instructors and parents to communicate directly with each other. This allows the teacher to inform parents about the social and academic progress of their child in class.

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covid19 Global K-12 Student Information System Market Impact

The COVID-19 outbreak has taken its toll on educators around the world. Following the prolonged lockdown, schools and universities have come to a complete halt and started exploring online alternatives to continue the curriculum and assessments planned for the year. In this context, countries with adequate network infrastructure and internet penetration have increased their student information systems. However, compared to current educational needs, these systems serve a relatively small number of institutes. Therefore, cost can become a major impediment to market expansion, possibly leading to lost opportunities in rising markets.

Scope of the Global K-12 Student Information System Market

The study categorizes the K-12 Student Information System Market based on components and deployment regionally and globally.

By component (Sales, million USD, 20172030)

  • The solution
    • Registration
    • Academics
    • Financial aid
    • Billing
  • Services
    • Professional services
    • Managed Services

Per deployment (Sales, million USD, 20172030)

Outlook by region (Sales, million USD, 20172030)

  • North America
  • Europe
    • Germany
    • Italy
    • France
    • UK
    • Spain
    • Poland
    • Russia
    • The Netherlands
    • Norway
    • Czech Republic
    • The rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Indonesia
    • Malaysia
    • Thailand
    • Singapore
    • Australia and New Zealand
    • Rest of Asia-Pacific
  • South America
    • Brazil
    • Argentina
    • Colombia
    • Rest of South America
  • The Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • South Africa
    • North Africa
    • Rest of MEA

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Cloud-based segment expected to account for the largest market share, by deployment

On the basis of deployment, the global K-12 student information system market is bifurcated into cloud and on-premise. In 2021, the cloud-based segment accounted for the largest market share in the global K-12 student information system market, Due to its stability, flexibility and security. It takes the hassle out of managing data and updating systems, allowing customers to focus on other vital functions. The cloud-based SIS includes integrated web bulletins and mobile-friendly parent and student portals. Through the use of virtual technology, a cloud-based server remotely hosts the institutions’ applications. For all these factors, the cloud-based category is expected to drive the expansion of the market over the next few years.

Asia Pacific represents the highest CAGR over the forecast period

Geographically, the global K-12 student information system market has been segmented into North America, AsiaPacific, Europe, South America, Middle East and Africa. Asia-Pacific is expected to show the fastest growth in the market over the forecast period. The widespread adoption of SIS applications and their use in middle and high schools in the region, especially in emerging economies like China and India, has propelled the expansion of the regional market in recent years. Additionally, as educational institutions implement digital solutions to improve operational efficiency, the region is expected to provide opportunities for SIS vendors.

Global K-12 Student Information System Market Players

The global K-12 Student Information System market is moderately competitive with major industry players adopting various strategies such as product development, partnerships, acquisitions, agreements, and expansion to strengthen their market positions. Most of the companies in the market are focused on expanding operations across regions, increasing their capabilities, and building strong relationships with partners.

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Key Players of the Global K-12 Student Information System Market are:

  • Alma
  • boardingware
  • Campus Labs platform
  • Ellucian
  • FACTS
  • Gradelink
  • NaviGate prepared
  • PowerSchool Group LLC
  • Toward the sky
  • Light Up Education

Recent developments in the global K-12 student information system market include:

  • In April 2020, Alma Technologies announced the addition of Graduation Tracking to its award-winning comprehensive student information system platform. Alma’s new degree tracking feature makes it possible to create highly flexible, fully customized degree plans calibrated to meet school and state requirements.
  • In November 2019, PowerSchool completed the acquisition of Schoology, marking a major step towards bringing enhanced personalized learning technology to K-12 classrooms.
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