DUBLIN, April 29, 2022–(BUSINESS WIRE)–The “Student Information System Market Size, Share, and Trend Analysis Report by Component, by Deployment, by Application (Financial Management, Student Management, admission and recruitment), by end use, by region and segment Forecast, 2022-2030″ report has been added to from ResearchAndMarkets.com offer.
The global student information system market size is expected to reach USD 32.38 billion by 2030, registering a CAGR of 19.0% from 2022 to 2030.
The Student Information System (SIS) is popular among administrators and educators for accessing data to assess student performance against institutional goals and missions. Institutions generate huge amounts of data such as application data, personal data, financial data, facility and estate data, and admissions data.
Moreover, the growing demand for collaborative data visualization and presentation of procedures to learn and adapt to the model and user needs is expected to drive the market over the forecast period.
The increasing adoption of cloud-based learning management systems is directly influencing the growth of the market. These cloud-based solutions include software packages such as student management systems, student record systems, which require more data storage capacities and provide growth opportunities for student information systems based on the cloud.
The increasing adoption of advanced technologies and new education concepts, including online courses, digital homework and animated teaching, are also positively influencing growth. For example, in April 2020, BYJU’S, an educational technology company, experienced a 150% growth in new student enrollment over a one-month period from March 2020 to April 2020.
The corresponding increase in the volume of new students was equivalent to 6 million new students. This clearly shows the significant increase in the adoption of new platforms for the delivery of learning, finding a large number of takers.
With the growing demand for automated management of various business activities in academic institutions, the education enterprise resource planning (ERP) market is gaining traction among various users.
As a result, the increased use of ERP solutions for education in the university sector and the high connectivity rate offered by these solutions are driving the SIS market. However, several academic institutions are facing challenges related to increasing operational complexity and rapidly changing business strategies.
These student information systems alleviate workplace stress for administrators as they are better equipped to deal with business contingencies, with enhanced technologies with ready synchronizations and interoperability.
Highlights of the Student Information System Market Report
The cloud segment is expected to witness a significant CAGR of 20.9% during the forecast period. Cloud-based SIS software and services provide scalable and flexible access to solutions and reduce the energy and cost required for deployment. Hence, owing to these advantages, the segment is expected to witness significant growth over the forecast period.
The services segment is expected to register a considerable CAGR of 19.7% during the forecast period due to the demand for software integration capabilities from educational institutions and security services offered by IT system vendors. information for students. The shift from an on-premises model to a cloud model is also expected to propel the growth of the segment over the forecast period.
The K-12 segment is expected to register a significant CAGR of 18.6% during the forecast period. Changing student demographics, the demand for skills-based education, the rise of online and distance education in emerging economies such as Asia-Pacific and Africa, and the rise of e-learning mobile applications are some of the major growth drivers of the segment.
The financial management application segment represents a market share of more than 15% in 2021, attributable to the advantages that this segment offers, such as high integration capabilities, artificial intelligence and advanced analytics solutions offered by student information system providers.
The Asia-Pacific market is expected to reach $8.41 billion by 2030. The region is benefiting from the growing interest of educational institutions in digital solutions to gain operational efficiency. Countries such as China, Indonesia, India, and Malaysia report high penetration of student information systems in primary and secondary education to help school management and provide relevant information to students.
Main topics covered:
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Student Information System: Industry Insights
Chapter 4 Student Information System: Component Segment Analysis
Chapter 5 Student Information System Deployment Prospects
Chapter 6 Student Information System: Application Segment Analysis
Chapter 7 Student Information System: End-Use Segment Analysis
Chapter 8 Student Information System: Regional Segment Analysis
Chapter 9 Competitive Analysis
Chapter 10 Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/r/qbxifp
See the source version on businesswire.com: https://www.businesswire.com/news/home/20220429005329/en/
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