Student Information System Market Revenue, Major Players, Consumer Trends, Analysis & Forecast Till 2029

An online platform called a Student Information System (SIS) enables educational institutions to upload student data for better management and transparency. In its simplest form, that is all there is to it. Data from the SIS system is readily available online, making it accessible to teachers, parents, students, and administrators. This includes private information about students, as well as grades, test scores, attendance, performance on appraisals, and much more. The improvement in educational quality as well as the industry's growing inclination toward e-learning and increased digitalization are factors in the growth. 1.3 billion students worldwide, according to UNESCO data, were unable to attend their educational institutions in March 2021 and required online education to continue paying their tuition for the 2020-2021 academic year. In order to address a situation akin to this in the future, the adoption of eLearning technologies is anticipated to steadily increase after the COVID-19 pandemic.

According to Marketlook Consulting's research report "Global Student Information System Market Analysis, 2021", the Global Student Information System market is anticipated to grow at a CAGR of 14.2% during 2022-29 The market would reach USD 22.2 Bn by 2029.

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Based on the application type, the market is segmented into Financial Management, Student Management, Admission & Recruitment, Student Engagement & Support, and Others. In 2021, the admission and recruitment segment had the highest revenue share. A number of colleges and universities are integrating their disparate technology stacks into a single, integrated software solution. With the aid of a single data entry in the centralized database, the software assists institutions with the admission procedure, admission form collection, listing, and admitting of students.

"Global Student Information System Market Analysis, 2021" provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for Student Information System providers across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors' capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.

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North America Dominated the Market
In terms of revenue, North America grabbed the major market share of the global market for student information systems in 2021. IoT, cloud, big data, and digital transformation are some of the emerging technologies that are driving this growth. The introduction of cutting-edge solutions from major players and ongoing initiatives to update student information system solutions with cutting-edge technologies both benefit the region. The regional market is expanding due to a rise in demand for SIS deployment to establish a reliable and secure structure between students and school administration in universities as stated in the Marketlook Consulting research report "Global Student Information System Market Analysis, 2021".

According to Marketlook Consulting', the key players with a considerable market share in the global Student Information System market are Oracle Corporation, Workday Inc., SAP SE, Jenzabar Inc., Skyward, Inc., Illuminate Education, Ellucian Company L.P, Campus Management Corp. (Anthology Inc.), Foradian Technologies, Beehively.

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Market Segmentation:
1. By Application Type (Financial Management, Student Management, Admission & Recruitment, Student Engagement & Support, Others)
2. By Component Type (Solution, Services)
3. By Deployment Type (On-Premise, Cloud)
4. By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa)
5. By Company (Oracle Corporation, Workday Inc., SAP SE, Jenzabar Inc., Skyward, Inc., Illuminate Education, Ellucian Company L.P, Campus Management Corp. (Anthology Inc.), Foradian Technologies, Beehively)

Key questions answered in the study:
1. What are the current and future trends in the Student Information System industry?
2. How the industry has been evolving in terms of deployment type, component, and application areas?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the Student Information System industry?
5. What is the customer orientation, purchase behavior, and expectations from the Student Information System firms across various regions?

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