Student Information System Market Synopsis

Student Information System Market Size Was Valued at USD 9.7 Billion in 2023, and is Projected to Reach USD 51.2 Billion by 2032, Growing at a CAGR of 20.3% From 2024-2032.

The student information system (SIS) is a management information system with the aim of achieving structured and conducive information for the student, teacher, and even parents, so that relevant information pertaining to students and organization performance can be shared amongst them. This one is employed for enrolling students to various courses and keeping track of the grades, consolidated transcripts & test, and for computing the academic scores. It also aims at the provision of information about attendance of learners; directing learners to the right class formation as well as every form of educational information about the learners. SIS also grants the parents’ ability to make payments in the school, manage their students’ information and freely associate themselves with the school functional personnel.

• The factors that have contributed to the growth are the growing usage of technology in education, higher education preferences, and increasing quality education. Hence, the COVID 19 pandemic is likely to propel the usage of SIS, because virtually all students prefer online studies. The use of eLearning technologies was embraced during the COVID-19 pandemic outbreak and is likely to grow gradually in the future once there is a similar pandemic experienced in order to avoid such an experience.
• These include the IoT technology, edge computing, and the advanced 5G telecommunication to increase the market growth. These could be captured under four broad areas namely; student analytics and mobile analytics, mobile applications and student tracking, behavior analysis, and cloud solutions. The mobility of devices as a result of networking is enabling a wide variety of new additional mobile apps for purpose of enhancing the courses’ convenience for students and their parents. Other trends that are set to continue such as cloud and mobile computing of these applications are helping fuel the application of artificial intelligence on these. Furthermore, the rise of the educational institutes where institutions are focusing on delivering quality education along with simplifying the communication may include faculty, students, and parents for upgrading the education infrastructure of institutes is likely to boost the growth of SIS software and services market.
• Global leaders are now pursuing an energetic development and expansion of the education systems. Many institution has already embraced ERP, eLearning and LMS as some of strategies that enhance internal operations efficiency to provide quality education and enhance the standards of education. Some are using SIS to increase efficiency in was of communication and interaction between students, parents, and faculties, to track all the students, and to allow the faculties create informative content with focus on students needs for the educational processes. For example, in July 2021, Ellucian – an IT service provider that signed a partnership with The British and Irish Modern Music Institute (BIMM) Group. , which will implement Ellucian Banner Student together with Ellucian Managed Cloud – a student information system for registration, advice, assessment, enrollment and course planning.

Student Information System Market Trend Analysis

Growing focus on enhancing the quality of education

• Rising trends towards improving the capability of education and to establish effective communication between parents, students, authorities as well as the faculties are creating a promising market growth. Furthermore, there is also increased pressure to meet the need for effectively and quickly automating numerous administrative tasks without considerable delays and mistakes in various institutions across the world. This, together with the role that the SIS is expected to play as a system that can manage every aspect touch with students, or information regarding students, in an orderly and economical manner, is driving growth in the market. In addition to this key observation, the growing use of e-learning solutions across the populace of various countries throughout the world provides good investment opportunities to the industry investors.
• Additionally, the increasing adoption of superior technology across the SIS to increase the production rates, increase & improve efficiencies, & minimise the operating expenses is a factor facilitating the growth of the market. secondly, the adoption of the SIS is growing due to its ability to reduce the effort required to maintain records by managing the data. Besides, the increased need for SIS to enhance the propagandistic aspect of the data is enhancing the market growth.

Growing Emphasis on Student Engagement and rise of personalized learning paradigms

• To increase graduation rates, enhance happiness among students, and foster a conducive learning environment, academic institutions give paramount importance to student engagement and success. Some typical functionalities of SIS comprise learning management system (LMS) interface, modules of academic advising, student portal, and communication system. They include fostering student participation, encouraging student interactions and offering personalized services that would assist learners, thus contributing to improving student completion rates in the long-run.
• In concept of learning, individual focused teaching and learning techniques embraced by teachers and students are gaining more ground in institutions of learning. SIS solutions open doors for teachers to be acquainted with student demographics, academic history, learning modalities and, performance indicators, therefore is critical in supporting individual learning plans. SIS platforms provide education administrators and teachers with potential for developing learning environments, instruction, support, and learning accommodations that are designed specifically for each learner based on learners’ data these platforms and tools for student interactions provide.

Student Information System Market Segment Analysis:

Student Information System Market Segmented based on Component, Deployment, Application, and End-Use.

By Component, software segment is expected to dominate the market during the forecast period

• In 2022, the student information system market was dominated by the software segment. This is why more establish­ments, particularly educa­tional ones, are seeking for solu­tions that would effortlessly integrate with existing business processes and enhance their effectiveness. We see that as the focus shifts more towards matters concerning efficient operation of the institutions, for the education sector specifically, these institutions are likely to experience an increased need to invest in student information system software. Besides, institutions are using SIS to increase the quality of education for, while at the same time, minimizing costs. Such systems also include a real-time analytics dashboard of the faculty and use effective recruitment, retentions, and development strategies alongside modern best practice and technology to attract, motivate, and retain high-quality faculty and staff. These trends are expected to drive the software segment to grow at a higher growth rate over the prediction period.
• The service segment includes the training, installation, maintenance, consultation, and other support services. The service segment growth can be attributed due to the need of institutions to use integration capabilities in the administration processes. They assist educational institutions to narrow down the gap created by preexisting frameworks and applications and offer linked encounters to students and parents, more security and dependability. Also, the increasing demand organizational needs cloud computing penetration depth, the improvement of potential of the existing system to create a need for the, and the significance of automation are among some of the main factors that are driving the segment forward in the global market.

By Application, admission & recruitment segment held the largest share in 2023

• The admission and recruitment segment generated the maximum revenue in the year 2023. Some schools and universities are implementing a single software solution for all the technology used in school. As far as admission is concerned, the software facilitates institutions with collection of Admission forms, generating an admission list, and even admitting the students with just one entry into the master database. Although several students are learning across universities within the global community, several of these universities have some liabilities concerning the consideration of student applications using different specifications, which may be addressed by a product called admission management software and this is one of the major drivers of the segment.
• The segment that is concerned with the handling or financial issue is likely to record a great boost between the period 2024 and 2030. This segment growth has been identified by digitization of the fee payments, advance analytical tools, easily modifiable, and low on administrative cost. Moreover, these systems offer schools and universities a great choice of options that enhance their authority to control and manage the latter. In addition, it contributes to managing financial related to staff salaries, calculation of tax and special allowance, deductions, GROSS and NET pay, etc in educational institutes.

Student Information System Market Regional Insights:

North America is Expected to Dominate the Market Over the Forecast period

• North America is expected to remain the largest market for the Student Information System (SIS) in the coming years. This dominance can be explained by the enhanced technological background, rather large investments in educational technologies and tendencies toward the use of digital tools in schools and universities all over the given area. Institutions in North America place value on the utilization of data in daily practices and offering tailored learning experiences, which in turn create the need for advanced SIS systems. Also, the presence of most prominent SIS providers and continually advancing improvements in educational software also create the solid market of the region. Such a high degree of development of the methods aimed at enhancing educational outcomes and increasing administrative effectiveness helps to maintain the further development and leadershi of SIS market in North America.
• The growth is supported by rising adoption of IoT, Cloud, Big Data and digital transformation. " The area is also benefiting from new solutions from top providers and active continuation of the supplementation of student information system solutions with state of the art technologies

Active Key Players in the Student Information System Market

• Oracle
• Workday, Inc.
• SAP SE
• Jenzabar, Inc.
• Skyward, Inc.
• Illuminate Education.
• Ellucian Company L.P.
• Anthology Inc.
• Foradian Technologies.
• Beehively, Other Key Players.

Key Industry Developments in the Student Information System Market:

• In July 2023, Practically, an experiential learning application for students in grades 6-12, acquired Fedena, which is a school ERP software developed by Foradian Technologies. It also enables Practically to provide full-service end-to -end product solutions for all experiential learning assets and content as well as administrative tools.
• In July 3, 2023, Si6 Associates Pvt Limited stated that its online student admission platform and curriculum brochure is live on the SAP Store. The application links with SAP S/4 HANA and the SAP Industry solution for Higher Education and research sector and enables an applicant to monitor his/her application status from any device at any given time. concepts make them easily usable and expandable for institutions that allow creating new programs on the fly without codification.
• In May 2023, Monash Business School in Monash University has developed a new immersion initiative to be implemented with Oracle Corporation. Then there are the destinations that will enable students to be equipped with special skills needed in the current world.
• In May 2023, a higher education technology firm, Jenzabar released a new solution tagged Campus Marketplace powered by Jenzabar. This solution includes Internet site and registration tool, marketing services, and resealable, profession-based curricula. Campus Marketplace helps schools to offer untraditional education paths, which puts a stock of skills to help the learners deal with the current market conditions.