Press release
Student Information System Market Is Projected To Grow At A 18.87% Rate Through The Forecast Period
The growing adoption of cloud-based learning management systems is directly influencing the growth of the market. These cloud-based solutions include software packages such as student management systems, student record systems, which require more data storage capabilities and provide growth opportunities for cloud-based student information systems. The increasing adoption of advanced technologies and new concepts of education including online classes, digital assignments, and animated teaching also positively influences the growth. For instance, in April 2020, BYJU'S, an educational technology company, witnessed a growth of 150% in the number of new students registering in a span of 1 month from March 2020 to April 2020. The corresponding volume augmentation of new students was tantamount to a whopping 6 million new students. This clearly shows the significant rise in the adoption of new platforms for learning delivery, finding a slew of takers.
With the growing demand for automated management of various business activities in academic institutions, the education Enterprise Resource Planning (ERP) market is gaining substantial traction among various users. As a result, greater use of education ERP solutions in the academic sector and the high connectivity rate offered by these solutions, are driving the SIS market. However, several academic institutions are facing problems from increasing operational complexity and quick changes in business strategies. These student information systems alleviate the work stress of the administrators as they are better equipped to deal with business contingencies, with enhanced technologies with ready synchronizations and interoperability.
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The research also offers a thorough analysis of the key market components, including drivers, challenges, opportunities, restrictions, risks, and micro and macroeconomic factors. The next section, which focuses on industry trends, discusses market drivers and major market trends. The research provides production and capacity analysis that takes into account marketing pricing trends, industry capacity, production, and production value. This study examines the market in addition to its primary geographies, market segments, and recent industry trends. The report's thorough SWOT analysis, Porter's Five Forces analysis, feasibility analysis, and investment return analysis are all meant to assist the reader in deftly developing corporate growth strategies. In order to strengthen their financial position in the industry, established market players can benefit from strategic recommendations.
Major Market Players Profiled in the Report include:
• Oracle Corporation
• Workday Inc.
• SAP SE
• Jenzabar Inc
• Skyward, Inc.
• Illuminate Education
• Ellucian Company L.P
• Campus Management Corp. (Anthology Inc.)
• Foradian Technologies
• Beehively
Global Student Information System Market Segmentation:
The global market is segmented on the basis of type, application and region. Growth between market segments can help the user/investor analyze niche market growth points, go-to market strategies, and differentiate between core application areas and target markets.
Student Information System Component Outlook
• Software
• Service
Student Information System Deployment Outlook
• Cloud
• On-premise
Student Information System Application Outlook
• Financial Management
• Student Management
• Admission & Recruitment
• Student Engagement & Support
• Others (Learning Management System, Gradebook Management System, and Program & Course Management)
Student Information System End-use Outlook
• K-12
• Higher Education
Various factors are responsible for the market's growth trajectory, which are studied at length in the report. In addition, the report lists down the restraints that are posing threat to the global Student Information System market. It also gauges the bargaining power of suppliers and buyers, threat from new entrants and product substitute, and the degree of competition prevailing in the market. The influence of the latest government guidelines is also analyzed in detail in the report. It studies the Student Information System market's trajectory between forecast periods.
Key Insights
• Market Sizing, Forecast, and Analysis: Detailed coverage of the market segment and sub-segments
• Regional/Country Trends and Forecast: Detailed analysis of the market in North America, Asia-Pacific, Europe, the Middle East & Africa, and Latin America, along with key countries in each region
• Student Information System Market Dynamics Intelligence: Market drivers, opportunities, trends, restraints, Porter's five forces, supply chain, and value chain analysis
• Technology Trends, Regulatory Landscape, and Patent Analysis Outlook
• Competitive Intelligence: Market share analysis, financial analysis, product benchmarking, and strategic developments including joint ventures, product launches, and mergers & acquisitions
• Regional attractiveness and related growth opportunities
Global Student Information System Market Research Report 2023
Chapter 1 Student Information System Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Production, Revenue (Value) by Region
Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Global Production, Revenue (Value), Price Trend by Type
Chapter 7 Global Market Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Global Student Information System Market Forecast
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The final report will add the analysis of the Impact of Covid-19 in this report Student Information System Market.
Adapting to the recent novel COVID-19 pandemic, the impact of the COVID-19 pandemic on the global Student Information System Market is included in the present report. The influence of the novel coronavirus pandemic on the growth of the Student Information System Market is analyzed and depicted in the report.
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