Student Information System Market Worth $20.5 Billion by 2027
CHICAGO, May 4, 2022 /PRNewswire/ — According to a research report “Student Information System Market with COVID-19 Impact by Component (Solutions (Enrollment, Education, Financial Aid, and Billing) and Professional Services), End User (K-12 and Higher Education), Deployment Mode, and Region – Global Forecast to 2027″, released by MarketsandMarkets™, the global Student Information System market size is expected to grow from $10.2 billion in 2022 at $20.5 billion by 2027, at a compound annual growth rate (CAGR) of 14.9% over the forecast period. The market for student information systems is driven by the need to streamline administrative processes. Additionally, the growing demand for tailored solutions is playing a key role in the growth of the student information system market.
Browse the in-depth table of contents at “Student Information System Market”
282 – Tables
57 – Numbers
254 – Pages
Download the PDF brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=21151415
By component, Solutions segment will retain the largest market size during the forecast period
The solution segment is estimated to account for a higher market share in the student information system market. SIS solutions are further divided into Enrollment, Academics, Financial Aid, and Billing. These solutions deliver a better student experience, re-engineer internal business processes, and create learning communities that make a difference in education. The SIS solution is gaining momentum due to the growing demand from educational institutions to automate critical student information to better manage, store and track information.
By mode of deployment, Cloud segment is expected to grow at the highest CAGR during the forecast period
The cloud segment is expected to witness the highest CAGR growth over the forecast period. Cloud-based SIS solutions are a cost-effective and efficient way to manage Big Data issues in institutions. The need for strong security, easy deployment, easy maintenance, scalability, improved collaboration and cost efficiency is expected to drive the adoption of cloud-based SIS solutions and services .
By region, North America to represent the largest market size during the forecast period
North America is expected to hold the largest share of the student information system market. North America is the most mature market in terms of adoption of SIS solutions due to various factors such as the penetration and adoption of innovative technologies, increased competitiveness and the growing need to track student progress and offer services improved accordingly. The presence of most of the leading vendors in the market such as Oracle, Workday, Ellucian, PowerSchool, Jenzabar, Skyward, and Illuminate Education also plays a vital role in the growth of the North American student information system market.
Main actors of Student Information System Market include Oracle (US), Workday (US), Ellucian (US), PowerSchool (US), Jenzabar (US), Skyward (US), Tribal Group (UK) , Illuminate Education (USA), Arth Infosoft (India) and Focus School Software (USA).
Browse adjacent markets: Software and Services Market Research Reports and advice
Learning management system (LMS) Market by Component (Solutions and Services), Delivery Mode (Distance Learning, Instructor-Led Training, and Blended Learning), Deployment, User Type (Academic and Enterprise), and Region (2022-2026)
ERP for Education Market with Covid-19 Analysis by Component (Software, Services), Deployment Type, End User (K-12, Higher Education), Application (Student Management, Academic Management, Financial and Accounting Management), Region – Global Forecast up to in 2026
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats that will impact 70%-80% of global business revenue. Currently serving 7,500 customers worldwide, including 80% of global Fortune 1000 companies as customers. Nearly 75,000 senior executives from eight industries around the world approach MarketsandMarkets™ for their revenue decision issues.
Our 850 full-time analysts and MarketsandMarkets™ SMEs track global high-growth markets by following the “Growth Engagement Model – GEM”. The GEM aims for proactive collaboration with customers to identify new opportunities, identify most important customers, write “Attack, Avoid and Defend” strategies, identify additional sources of revenue for the company and its competitors. MarketsandMarkets™ now offers 1,500 MicroQuadrants (positioning top performers among Leaders, Emerging Companies, Innovators, Strategic Players) each year in high-growth emerging segments. MarketsandMarkets™ is determined to benefit over 10,000 companies this year for their revenue planning and help them bring their innovations/disruptions to market by providing research ahead of the curve.
MarketsandMarkets’ flagship competitive intelligence and market research platform, “Knowledge Store”, connects over 200,000 markets and entire value chains for a deeper understanding of unmet information, as well as market sizing and niche market forecasts.
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062
UNITED STATES: +1-888-600-6441
E-mail: [email protected]
Research overview: https://www.marketsandmarkets.com/ResearchInsight/student-information-system-market.asp
Visit our website: https://www.marketsandmarkets.com
Source of content: https://www.marketsandmarkets.com/PressReleases/student-information-system.asp
SOURCE Markets and Markets