Student Information System Market Size, Unveiling The Potential Scope For 2024-2029
The global Student Information System Market will grow from USD 15.33 billion in 2024 to USD 32.04 billion by 2029 at a compounded annual growth rate (CAGR) of 15.9% during the forecast period, according to new research report by MarketsandMarkets™
Browse in-depth TOC on “Student Information System Market"
375 - Tables
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List of Top Student Information System Market Companies
• Oracle (US)
• Workday (US)
• Ellucian (US)
• PowerSchool (US)
• Jenzabar (US)
• Skyward (US)
• SAP (Germany)
• Anthology (US)
• Veracross (US)
• and Blackbaud (US)
Market Analysis
DBMS, Cloud Computing, and UI/UX are cardinal technologies that help sustain the SIS platforms. DBMS assists in organizing student data and facilitates storage of data concerning the students' data, including academic records, attendance, and financial transactions, among others, in an organized and easily retrievable approach. SIS platforms use relational databases that allow speedy extraction or retrieval of data, keep check-and-balance of the integrity levels of data, and ensure accuracy in adorning day-to-day academic and administrative administrative operations.
The role played by cloud computing in the development of the SIS platform involves making the platforms more flexible and easily scalable through a secure computing environment. Cloud-based SIS solutions allow schools and universities to accumulate immense information resources, make them accessible to users in real-time regardless of location, and adapt resources to changing needs without investing in expensive IT infrastructure. Also, interfaces feature friendly UI/UX design for easy navigation and enrollment by both students and staff. Various details, including the adjacency of related links, presuppose high levels of user interest and robust performance for the entire system when an interface is well-designed. Combined, these technologies guarantee that SIS platforms are reliable, safe but also efficient, and adaptive to the users as well as any imaginable growth.
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The services segment is expected to capture the highest CAGR during the forecast period for the offering segment.
The offering segment of the student information system market is platform and services. The services segment accounted for the highest CAGR during the forecasted period. The student information system services categories consist of numerous support and consulting services necessary and sufficient to assist institutions in implementing, enhancing, and managing their SIS solutions. This segment includes professional services such as system integration, customization, consulting, and managed services that handle ongoing system management and support. Support services are important for guaranteeing that SIS platforms are properly fit into institutional contexts and supported as complex systems that must constantly be updated to accommodate new needs and integrate with existing applications. These services, therefore, attract demand due to the systems' specific requirements in deployment, training of users, and data management and compliance to the highest standards to exploit the benefits of the SIS investments optimally.
Based on the platform module, the core student administration segment is expected to hold the largest market share during the forecast period.
The student information system market is segmented by platform module into core student administration, financial management, academic management, communication & engagement, and other platform modules. During the forecast period, the core student administration segment is expected to hold the largest market size in the student information system market. This is the central system of a SIS, as it is responsible for critical student administration that focuses on the student lifecycle. This module helps in the overall work of different administrative activities, such as enrolling and registering students and managing their records and other academic institution processes. It centralizes student data, creating an overview that can be used for decision-making,
compliance, and reporting purposes.
Core student administration is critical to institutions as it means that many tasks run on their own, thus avoiding errors that may be occasioned by human interference. Subsequently, the functional improvement made by institutions through effective core student administration procedures makes institutional administrative processes more efficient frees up time for more vital facets of the institution, such as academics and student services. This is because different functions for this module are embedded and can easily communicate with the other departments, making it possible to ensure that all the various stakeholders receive timely and accurate information.
