One of the main drivers of market expansion is increased access to higher education. Also, the increasing use of the cloud, increased digitization in the education sector, the growing propensity for online learning, and better quality of education.
JERSEY CITY, NJ, July 19, 2022 /PRNewswire/ — Verified Market Research recently released a report, “Student Information System MarketBy Product (Cloud, On-Premise), By Application (Higher Education, Primary Education), and By Geography. According to verified market research, the Student Information System market size was valued at $8.60 billion in 2021 and is expected to reach $30.2 billion by 2030, growing at a CAGR of 14.98% from 2022 to 2030.
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202 – Pages
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Global Student Information System Market Overview
In recent years, institutions have started looking for the best point solutions (BoB) to replace or enhance their existing systems. Institutions purchase and integrate student information systems (SIS) from one vendor, financial and/or human resources and payroll systems from another, and research administration systems from yet another.
These changes are implemented by educational institutions to improve efficiency, effectiveness, competitiveness, adaptability and agility. These organizations customize their administrative infrastructure systems to get the best return on investment. As a result, SIS and LMS are preferred over ERP solutions because they are cheaper, less difficult, and more readily available. The lack of infrastructure in most developing countries is a major obstacle to the development of education systems.
They also continue to rely on outdated telecommunications infrastructure that is unable to provide low latency, high capacity connectivity. Due to a shortage of high-speed Internet, web-based SIS solutions that require a stable Internet connection are difficult to implement. In addition, funding for university programs in these countries is low. Various academic institutions have implemented student information system solutions.
- In October 2021, Ellucian has partnered with D2L, a global expert in learning innovation technologies. With this agreement, more schools and universities will be able to simply combine their LMS and ERP/SIS platforms, providing a streamlined experience from the sales process to deployment and maintenance.
Major market players include Campus Management, Ellucian, Jenzabar, Skyward, Unit4, Eduware, Anubavam, Comspec International, Foradian Technologies, Classe365, Illuminate Education, Focus School Software, Itg America, SAP, Tribal Group, and Workday.
Verified Market Research has segmented the global student information system market on the basis of product, application, and geography.
- Student Information System Market, By Product
- Student Information System Market, By Application
- Higher Education
- Primary education
- Student Information System Market, By Geography
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa
- Latin America
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