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The Student Information System Market size is analyzed to grow at a CAGR of 15.6% during the forecast 2021-2026 to reach $11.6 Billion by 2026. The Student Information System is a designed automated platform that stores data and tracks all student information, including academic terms and programs, assessment scores, attendance records, and more. The growth of the Student Information System Industry is primarily attributed to the prominence of the internet and penetration of smartphone, tab and laptop to enhance student engagement. In addition, the paradigm digital shift of educational institutions, and emergence of Over the Top (OTT) media services are some of the pertinent factors that are estimated to drive the Student Information System Industry. To add more, educational institutions are concentrating to reach students in remote areas to provide quality education and consulting services which eventually lead to the proliferation of the use of SIS software and services for simplifying communication between faculty and students. The growing emergence of cloud-based student information systems and flexible and extensible solution suite built on Artificial Intelligence (AI) to offer data-driven insight and improved enrollment and curriculum management is another major influencing aspect to impact the growth of Student Information System Market.
Student Information System Market Segment Analysis – By Component
By Components, the Student Information System Market is segmented into Solution and Services. The Solution segment is estimated to hold the highest share of 65.2% in 2020, owing to the growing demand for advanced Student Information System software products among students, teachers and parents to monitor respective information seamlessly, based on grades and other school functionaries. Moreover, the popularity of remote teaching due to Covid-19 pandemic promotes the demand of Smart Classroom Solution that deals with interactive teaching methods and other applications such as live streaming, online learning and recording. In March 2021, Huawei launched the Smart Classroom Solution at the Education Session of the Huawei Industrial Digital Transformation Conference. The Smart Classroom Solution by Huawei is based on HUAWEI IdeaHub Board and the education cloud platform, which offers online learning, live streaming, and recording. Therefore, the launches of various inspirational smart education platforms to offer end-to-end education solutions are contributing to the growth of the Student Information System Market.
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Student Information System Market Segment Analysis – By Deployment
By Deployment, the Student Information System Market is segmented into Cloud and On-Premises. The Cloud segment is estimated to hold the major share of 53.3% in 2020, owing to the increase in the development of cloud-based ERP, suitable for various educational institutions. The latest technology advancement further propelled the need to communicate via digital solutions, and also, optimize faculty workload, ensure student financial package, empower online portal and many more. In January 2020, Veritas Capital, a leading private investment firm acquired Campus Management and Edcentric from Leeds Equity Partners to offer long-term growth and continued development, pertinent to cloud-based SIS, CRM and ERP solution and services. Since the data storage and handling platform is cloud-based, it delivers the overall institutional effectiveness with utmost security, which drives the growth of the Student Information System Market.
Student Information System Market Segment Analysis – By Geography
North America dominated the Student Information System Market with 38.3% share in 2020, along with Europe with 30.4%, respectively. Due to the sprawling technology ecosystem and invaluable career opportunities that allow academic, professional and personal growth, specifically in Columbia, Washington, London and Geneva allure students from worldwide, thereby driving the market growth. Moreover, the early adoptions of advanced technology such as IoT, cloud, big data, and AI, along with the presence of student information system vendors, such as Oracle, SAP, Tribal Group and many more are estimated to drive the Student Information System Market. In November 2020, The Foreign Service Institute (FSI) announced the launch of FSiLearn, the Department of State’s newest online learning platform. FSiLearn is based on IBM’s Cornerstone application and offers a robust suite of tools and functionality with cutting edge educational technology. On the other hand, Asia Pacific is the fastest growing market, owing to the growing adoption of digital solutions and the rise in the implementation of SIS solutions to improve students and school administration across educational institutions in India, Japan, Singapore and China. In December 2020, eduTinker, an Ed-tech start-up, launched its app to automate the physical classroom activities, which influence efficiency for remote learning. The app of eduTinker is the one-stop solution that promotes student engagement and class-related communication. Therefore, the growing innovation in digital infrastructure and other comprehensive online teaching apps are some of the significant factors that drive the Student Information System Market.
Student Information System Market Drivers
Popularity of E-learning solution
The advent of the E-learning solution offers digitized study guides, real-time questioning and other AI-enabled learning content, estimated to accelerate the Student Information System Market. As technology is significantly transforming the workforce infrastructure, and so is the educational program, the industry-leading companies are developing well-researched online learning platforms to unlock access to education to students. In January 2020, edX.org, the trusted platform for learning, announced the launch of MicroBachelors™ Programs, an innovative undergraduate-level credential for adults without a college degree which is a pathway to a full Bachelor’s degree. A significant milestone in online learning to provide immediately transferable skills, the MicroBachelors™ Programs provides workplace up-skilling. Hence, the launch of such digital education platforms and instructor-led online education courses are some of the factors that are analyzed to promote the Student Information System Market.
Outbreak of the COVID-19 pandemic
Due to the outbreak of the COVID-19 pandemic, several educational institutions have been shifted online, and also, the increased numbers of students and users have started to pursue courses through virtual learning programs. This has, in turn, promoted the electronic learning environment, which further drives the market of Student Information System to offer scalable learning opportunities. In April 2020, the world’s leading online learning platform, Coursera announced the launch of Coursera Workforce Recovery Initiative to help governments across the world to provide unemployed workers with free access to 3,800 online courses. The abrupt economic slowdown and unemployment crisis owing to the pandemic has impacted the livelihood of several employees. Thus, with the initiative of the Coursera Workforce Recovery, the government can encourage job-relevant online learning to train for high-demand professions. Hence, the emerging trend in online learning and other educational consulting services is estimated to improve the demand of the Student Information System Market.
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Student Information System Market Challenges
Challenges to overcome Technical Issues
The Covid-19 has triggered the aspects of digital learning in many ways, and also, transformed the concept of education with the rising adoption of online classroom facilities. However, the key challenge is the internet connectivity and related technical issues that are observed to hamper the growth of the Student Information System Market. While penetration of the internet is rapid over the years, in remote areas, the poor consistency of the internet connection is still an issue. Moreover, lack of technical assistance to the learning resource centers to provide recording class sessions as a backup adds a major drawback factor to hinder the growth of the Student Information System Market.
Product launches, acquisitions, and R&D activities are the key strategies adopted by players in the Student Information System Market. The Student Information System market top 10 companies include:
Ellucian Company LP
PowerSchool Group LLC
Tribal Group Plc
In February 2019, a leading provider of SaaS student engagement and higher education management software, Unifyed announced the launch of Unifyed Student, a next generation cloud-based student information system (SIS). The next generation SIS by Unifyed is developed in collaboration with strategic partners, including leading learning management system (LMS) providers, Instructure, D2L, and Blackboard pre-built LMS integration as well as SAP to power the cloud-based finance and human resources modules.
In April 2019, Wisenet released ITS Application Suite built on the Oracle platform, an education campus management solution that is aimed for Australia’s TAFE and university sectors. The ITS of Wisenet represents an enterprise-class campus management suite to aim advanced public education provider demands.
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North America dominated the Student Information System Market with 38.3% share in 2020, along with Europe with 30.4%, owing to the sprawling technology ecosystem.
The Cloud segment is estimated to hold the major share of 53.3% in 2020, owing to the increase in the development of cloud-based ERP, suitable for various educational institutions.
The advent of the E-learning solution offers digitized study guides, real-time questioning and other AI-enabled learning content, estimated to accelerate the Student Information System Market.
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