Student Information System Market Revenues to expand $9.0 billion by 2023
According to a new market research
report "Student Information System
Market by Component (Solution and Services (Professional
Services and Managed Services)), User Type (K-12 and Higher Education),
Deployment Type (Cloud and On-Premises), and Region - Global Forecast to
2023", The student information
system market is expected to grow from USD 5.0 billion in 2018 to USD 9.0
billion by 2023, at a CAGR of 12.4% during the forecast period. The growing
demands for robust and end-to-end solution to manage the educational
institutions internal process and improve their efficiency are some major
factors driving the growth of the student information system market.
Browse 53 market data Tables
and 29 Figures spread through 114 Pages and in-depth TOC
on "Student Information System Market by Component (Solution and
Services (Professional Services and Managed Services)), User Type (K-12 and
Higher Education), Deployment Type (Cloud and On-Premises), and Region - Global
Forecast to 2023"
Higher education segment is expected to hold a
larger market size in the global student information system market during the
forecast period
Education sector as a whole
is undergoing a digital transformation. Large universities across the globe are
implementing digital solutions, such as ERP and LMS to improve the education
quality and make institutions’ internal process more efficient. Such solutions
not only help the educational institutions but also help the students to access
various educational courses and keep track of their progress. Moreover, with
the advent of mobile technology, customer’s preferences and behavior are
changing. The student information system can help educational institutions to
pursue new distribution channels, while also finding new ways to improve the
student experience and fasten the administrative process.
The services segment is
expected to grow at the fastest CAGR during the forecast period
Student information system
vendors offer a wide range of services, such as managed services,
implementation and integration services, training and consulting services, and
support and maintenance services.
These services help the
educational institutions to bridge the gap between legacy systems and modern
applications, deliver connected experiences to students and parents while also
maintaining control and reliability. This has created opportunities for vendors
to provide services to educational institutions across different geographic
regions and help them deal with complexities occurred while the student
information system to their internal processes.
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North America is estimated to
have the largest market size during the forecast period
North America is estimated
to account for the highest share of the market in 2018. The region comprises
developed countries, such as the US and Canada, and is considered the most
advanced region in terms of adopting digital technologies. North America
exhibits a wide presence of key industry players offering student information
system and its financial position enables it to invest majorly in the leading
tools and technologies for effective business operations.
The major student
information system vendors include, SAP (Germany), Oracle (US), Ellucian (US),
Workday (US), Jenzabar (US), Unit4 (Netherlands), Skyward (US), Arth Infosoft
(India), Tribal Group (UK), Campus Management (US), PowerSchool (US), Foradian
Technologies (India), Illuminate Education (US), ComSpec International (US),
and Focus School Software (US).
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