Student Information System (SIS) Market Size
| Study Period | 2018 - 2028 |
| Base Year For Estimation | 2022 |
| CAGR | 13.20 % |
| Fastest Growing Market | North America |
| Largest Market | Asia Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Student Information System (SIS) Market Analysis
The student information system market is anticipated to register a CAGR of 13.2% during the forecast period. The growth is majorly driven by increased digitization in the education industry, growing inclination towards e-learning, and emphasis on improving the quality of education. However, the lack of trained users might hamper the growth of the market.
- Schools and training centers are moving from the traditional blackboard approach to integrating smart technology into learning environments. At the university level, institutions are adopting innovative methods, such as student information systems, to optimize the overall institution operations by shifting focus from the manual workload and labor to providing opportunities for students to develop relevant and valuable skills in line with industry requirements the system offers remote access, security, data backup, and cost-effectiveness.
- These systems help in creating the modern, intuitive experience that students, faculty, and staff expect when transacting business on campus, increasing operational efficiency by eliminating data silos and paper-based processes and automating workflows, sustaining financial resources by identifying new sources of revenue and removing unprofitable programs, Providing campus leaders with real-time analytics dashboards and leveraging modern best practices and technology to recruit, retain, and develop top faculty and staff.
- For instance, The University of Nottingham is a large, complex organization with three campuses across the world (in the UK, China, and Malaysia). It is the seventh-largest University in the UK, with 8,000 staff and 46,000 students. The University rolled out Oracle’s PeopleSoft Campus Solutions across all three campuses in December 2018. All three campuses are now using a single, integrated system, which is expected to increase efficiencies, reduce costs, and improve the user experience for both employees and students.
- The recent COVID-19 outbreak also negatively impacted the education industry worldwide. With the lockdown, schools and colleges came to a complete halt and started implementing online solutions to continue the scheduled curriculum and assessments for the year. In this scenario, student information systems are expected to grow in countries having good network infrastructure and internet penetration. However, these systems cater to a comparatively less number of institutes with respect to the current demand for education. Thus cost might become one of the major factors hindering the growth of the market, as this may result in a loss of opportunity in emerging countries.
Student Information System (SIS) Market Trends
Adoption of Cloud in Student Information System is Projected to Drive the Market
- The need for institutions to provide access to data 24/7 and deliver a more personalized and seamless student experience is vital. Supported by cloud technologies, institutions can see a rapid return on investment and keep moving at pace in this increasingly competitive environment. Solutions usually include software packages such as student management systems, student information management systems, student records systems, and others. These require more data storage capabilities and thus provide growth opportunities for cloud-based student information systems.
- For instance, in December 2022, Rediker, a school administrative software provider, launched a new mobile app for AdminPlus, which is a cloud-based student information system for K-12 schools. On the road, using their Android or iOS devices, school administrators may quickly access information about students, staff, attendance, grades, timetables, and more. This application offers an entirely new dashboard and user interface to enhance how quickly school personnel can get the data they require.
- Moreover, during the pandemic, education institutes came to a total shutdown, and the demand for solutions such as student information systems has spiked rapidly. According to the figures released by UNESCO, 1.3 billion learners around the world were not able to attend schools during the pandemic. Many schools, colleges, and universities were closed across the globe.
- As the systems offer cloud deployment, which has higher storage and processing capabilities, the number of features embedded in the system can also increase, facilitating all the requirements demanded in the challenging times, right from enrolling the student to maintaining an alumni network base which otherwise would be a tedious and time-consuming task.
Asia Pacific to Witness Significant Growth
- A student information system with specific built-in mechanisms caters to the purpose of the school management system at the same time meeting the demands of student-related information management in developing countries such as China, India, Indonesia, and Malaysia, among others, majorly in K-12 Education. However, the growth highly depends upon the penetration of devices such as good computers and networking with decent internet connectivity and robust security.
- There are diverse sets of countries at different levels of income and development in Central Asia. The spread, use, and availability of student information systems are essential for the growth of the market, as is the availability of online learning materials, as well as devices and the level of internet connectivity at home.
- For instance, the school education system in India is the largest in the world, with over 1.5 million schools, over 8.7 million primary and secondary teachers, and more than 260 million enrolments. It is home to the largest and most complex education system in the world, catering to over 260 million young population each year, making it a region with immense opportunities for student information system vendors to penetrate and increase its customer base.
- Moreover, Governments of various countries in the region are taking initiatives to provide quality education and increase the literacy rate, which is expected to help the market grow in the longer run. For instance, the Chinese government is funding technology initiatives that are aimed at narrowing the gap between the quality of education in rural and urban areas. They have deployed a live-streaming network that connects hundreds of students spread across a vast expanse of China’s countryside.
Student Information System (SIS) Industry Overview
The student information system market is moderately competitive, primarily owing to the presence of multiple players in the market operating in the domestic and international markets. The players in the market are adopting strategies like partnerships and expansions to increase their product functionality and expand their geographic reach.
In September 2022, Ellucian Quercus, a cloud-based student information system, will now be sold through a new agreement with higher education consulting firm DVE Solution. The strategic alliance enables Australian higher education institutions to carry out their digital transformations and spur measurable development in a field that is undergoing fast change by fusing cutting-edge technology with exceptional implementation knowledge.
In June 2022, The Higher Education Assistance Group (HEAG), a higher education financial aid counseling company, and Jenzabar, Inc., a technological innovation in higher education for new students, announced their strategic partnership. Through their collaboration, HEAG and Jenzabar will be able to handle compliance issues and provide institutions all around the world with improved financial assistance solutions and services.
Student Information System (SIS) Market Leaders
Ellucian Company LP
PowerSchool Group LLC
Workday Inc.
Oracle Corporation
Campus Management Corp.
*Disclaimer: Major Players sorted in no particular order
Student Information System (SIS) Market News
- October 2022: Tata Consultancy Services and Ellucian, a supplier of digital solutions for higher education, established a new international strategic alliance. TCS will be Ellucian's first international systems integrator partner, and together, they will expand Ellucian's professional services capabilities and offer global scale to fulfill the demands of higher education.
- April 2022: Spark451, a full-service marketing and technology organization that offers enrollment strategies for the higher education sector, was acquired by Jenzabar, Inc., a technological developer in higher education for new students. The purchase coincides with a period when innovative and cutting-edge enrollment techniques are crucial for universities dealing with dwindling student populations, shifting learner demographics, and other growing issues.
Student Information System (SIS) Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Consumers
4.2.3 Threat of New Entrants
4.2.4 Threat of Substitutes
4.2.5 Intensity of Competitive Rivalry
4.3 Market Drivers
4.3.1 Increasing Awareness to Improve the Administrative Process among Education Institutes
4.3.2 Rising Focus of Educational Institutions to Improve Education Quality and Customer Satisfaction
4.3.3 Adoption of Cloud in Student Information System
4.4 Market Restraints
4.4.1 Lack of Expertise and Infrastructure Among End Users
4.5 Assessment of Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Type
5.1.1 Solution
5.1.2 Services
5.2 By End-User
5.2.1 K-12 Education
5.2.2 Higher Education
5.3 By Deployment Mode
5.3.1 On Premise
5.3.2 Cloud
5.4 Geography
5.4.1 North America
5.4.2 Europe
5.4.3 Asia-Pacific
5.4.4 Latin America
5.4.5 Middle East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles*
6.1.1 Ellucian Company LP
6.1.2 Eduware ntc
6.1.3 Jenzabar Inc.
6.1.4 PowerSchool Group LLC
6.1.5 Skyward Inc.
6.1.6 Workday Inc.
6.1.7 Tribal Group Plc
6.1.8 Foradian Technologies
6.1.9 Unit4
6.1.10 Oracle Corporation
6.1.11 Campus Management Corp.
7. INVESTMENT ANALYSIS
8. MARKET OPPORTUNITIES AND FUTURE TRENDS
Student Information System (SIS) Industry Segmentation
A Student Information System offers functionalities such as monitoring relevant student information, streamlining communication between staff and faculty members, providing the ability to track student information through the admission process, providing logging and reporting facilities, etc. stakeholders of the institution benefit from the system as paperwork is significantly reduced, and complex jobs are made simple.
The Student Information System Market is segmented by Type ( Solution, Services), End-User (K-12 Education, Higher Education), Deployment Mode (On-Premise, Cloud), and Geography (North America, Europe, Asia Pacific, Latin America, and Middle East and Africa).
The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.
| By Type | |
| Solution | |
| Services |
| By End-User | |
| K-12 Education | |
| Higher Education |
| By Deployment Mode | |
| On Premise | |
| Cloud |
| Geography | |
| North America | |
| Europe | |
| Asia-Pacific | |
| Latin America | |
| Middle East and Africa |
Student Information System (SIS) Market Research FAQs
What is the current Student Information System Market size?
The Student Information System Market is projected to register a CAGR of 13.2% during the forecast period (2023-2028).
Who are the key players in Student Information System Market?
Ellucian Company LP, PowerSchool Group LLC, Workday Inc., Oracle Corporation and Campus Management Corp. are the major companies operating in the Student Information System Market.
Which is the fastest growing region in Student Information System Market?
North America is estimated to grow at the highest CAGR over the forecast period (2023-2028).
Which region has the biggest share in Student Information System Market?
In 2023, the Asia Pacific accounts for the largest market share in the Student Information System Market.
Student Information System Industry Report
Statistics for the 2023 Student Information System market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Student Information System analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.
