According to IMARC Group latest report titled” Student Information System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the market is currently witnessing strong growth. The Global Student Information System Market to exhibit moderate growth during the next five years.
Market Trends:
A student information system (SIS) stands for a web-based application designed to track information related to students, teachers, parents, and the administrative staff of educational institutes. It allows the authorities to record student-related data, including attendance, examination results, and overall performance levels, through several analytical tools. Furthermore, SIS also helps in improving the efficiency of the management by automating manual processes, facilitating communication between multiple divisions, reducing the time spent on maintaining records, providing integrated resource location for the users, etc.
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The expanding education sector, coupled with the increasing penetration of digitalization trends, is primarily driving the market for SIS. Furthermore, numerous educational institutions are focusing on enhancing the quality of education as well as establishing efficient communication among students, parents, faculties, authorities, etc., thereby propelling the market growth. Additionally, the rising integration of SIS with cloud- and artificial intelligence (AI)- based software is also augmenting the market. Apart from this, the increasing investments in the education sector by both government and non-government organizations (NGOs) are expected to further drive the global market for SIS in the coming years.
Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
- Arth Infosoft
- Campus Management Corporation
- ComSpec International
- Ellucian
- Foradian
- Illuminate Education
- Jenzabar
- Oracle Corporation
- SAP
- Skyward
- Tribal Group
- Unit4
- Workday Inc
Student Information System Market Segmentation:
Our report has categorized the market based on Region, Component, Deployment Type, and End-User.
Market Breakup by Component:
- Solution
- Enrollment
- Academics
- Financial Aid
- Billing
- Services
- Professional Services
- Managed Services
Market Breakup by Deployment Type:
- On-premises
- Cloud
Market Breakup by End-User:
- K-12
- Higher Education
Market Breakup by Region:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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The report on global student information system market gives a detailed analysis of segmentation based on type, application and geography.
Political stability and regional education and social learning adds to the market growth during the forecast period.
The U.K. and Germany are responsible for mainstream of the market stake in this area.
Brazil is the major leading sector in Latin America.
The statement revises trades in terms of intake of student information system in the market; particularly in North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.The demand for global student information system industry from K-12 schools and high education is growing at a rapid pace globally.
