Student Information System Market 2023 Analysis, Research, Review, Applications and Forecast to 2030

 

Student Information System Industry Overview

The global student information system market size was valued at USD 8.05 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 20.3% from 2023 to 2030.

The increasing digitalization in the education industry, growing inclination towards e-learning, and improving quality of education are contributing to the growth. The outbreak of the COVID-19 pandemic is expected to drive the demand for Student Information System (SIS) due to the high demand for online education. As per the data published by UNESCO, 1.3 billion learners globally were unable to go to their educational institutes in March 2021 and needed online education to continue with the tuition for the academic year 2020 - 2021. The adoption of eLearning technologies gained traction during the COVID-19 outbreak and is expected to progressively increase post the pandemic to tackle a similar situation in the future.

Gather more insights about the market drivers, restrains and growth of the Student Information System Market

The market growth is also bolstered by the emergence of the Internet of Things (IoT), edge computing, and 5G telecommunication. The advanced student information systems essentially focus on analytics, mobile analytics, mobile applications, behavior tracking, and cloud accessibility. The explosion of connected mobile devices is facilitating the addition of numerous mobile apps for increased convenience for students and their parents. The ongoing trends like migration to the cloud and mobile accessibility are fostering the integration of artificial intelligence into these applications. Moreover, the growing emphasis of educational institutions on providing quality education and simplifying communication between faculty, students, and parents, for upgrading education infrastructure is expected to proliferate the use of SIS software and services.

Governments worldwide are investing aggressively in the education sector. Several educational institutions have already adopted Enterprise Resource Planning (ERP), eLearning, and Learning Management Systems (LMS), to optimize internal processes while ensuring quality education, and improving the standard of education. Some are adopting SIS to effectively collaborate and communicate with students, parents, and faculties, to keep track of all the students, and to enable educators to generate educational content in line with the student's learning needs. For instance, in July 2021, Ellucian, an information technology service provider, announced the collaboration with The British and Irish Modern Music Institute (BIMM) Group, to utilize Ellucian Banner Student with Ellucian Managed Cloud, which is a student information system to support registration, advising, grading, enrolment, and course planning.

Several educational institutions/universities use student information solutions to analyze data such as student attendance, class performance, examination results, assessment scores, and other personal information of students. These solutions aid educational institutions in managing student-related data and other administrative operations. In the age of digitalization, the ubiquity of mobile devices, high internet penetration, and the use of social media platforms, make educational institutions also rise to the occasion. The unprecedented growth of online education is due to its greater flexibility, cost savings, and convenience compared to conventional classroom learning. For instance, in July 2021, Skyward, a school management software provider, announced the partnership with Tooele County School District, Utah, U.S., to provide a Student Management System (SMS) that will assist in the modernization of the district’s student-related data and activities.

The development of Artificial Intelligence (AI) and big data analytics embedded in the student information systems further increases operational efficiency and improves the digital experience. Moreover, student information system solutions use Robotic Process Automation (RPA) or machine learning, which can reduce redundant staff labor by automating routine tasks, enabling staff to spend more qualitative time with students. With the growing penetration of mobile devices across demography, mobile apps are now being added to student information system solutions and increase the ease of use for both students and parents. With mobile accessibility and cloud migration, the integration of AI into student information system applications is likely to increase, fostering the growth of the student information market over the forecast period.

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Key Companies & Market Share Insights

The leading players in the market are undertaking strategies such as product developments, mergers and acquisitions, strategic partnerships, and business expansions to maintain their stronghold on the market.

For instance, in November 2021, Campus Management Corp. (Anthology Inc.) announced a partnership with Together We Rise, a nonprofit organization, to provide service opportunities for Anthology employees and monetary support for Together We Rise initiatives. This partnership includes virtual service opportunities for Anthology employees to build education-related kits for students in foster care, including back-to-school, tech, and STEM packs. Additionally, product differentiation and upgrading in the form of cloud services are expected to pave the way for the growth of companies in the market.

In December 2021, Illuminate Education announced the partnership with the Association of Supervision and Curriculum Development (ASCD), to expand its CaseNEX (an online course powered by Illuminate Education) professional development course offerings with resources from ASCD, such as the ASCD Activate Professional Learning Library. With the help of this partnership, CaseNEX offers professional development opportunities for educators to enhance their skills, maintain certifications, and earn university credits.

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

Order a free sample PDF of the Student Information System Market Intelligence Study, published by Grand View Research.

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