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Student Information System Research Report 2023-2032: New Innovations, Future Scope, Global Trends And Major Players | Oracle Corporation, Workday Inc., SAP SE, Jenzabar Inc., Skyward Inc
Student Information System Market
The Business Research Company's Student Information System Global Market Report 2023 identifies growing inclination toward e-learning as the major driver for the Student Information System Market's growth in the forecast period. E-learning is the use of information and communication technology (ICT) to facilitate, simplify, and transform the learning process over the internet. Online learning or e-learning has gained popularity among the students due to its various advantage in the learning process like the flexibility to learn remotely, advanced career, and a wider range of courses and programs available on the internet and student information systems helps students in information tracking in e-learning.
The global student information system market is expected to grow from $7.25 billion in 2022 to $8.34 billion in 2023 at a compound annual growth rate (CAGR) of 14.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the student information system market is expected to grow to $13.98 billion in 2027 at a CAGR of 13.8%.
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Major competitors in the student information system market are Oracle Corporation, Workday Inc., SAP SE, Jenzabar Inc., Skyward Inc., Illuminate Education, Ellucian, Anthology Inc., Foradian Technologies, PowerSchool, Tribal Group Plc, Arth InfoSoft Pvt. Ltd., Beehively, ComSpec International Inc., Unit4, Alma, Anthology Inc., and Gradelink.
A key trend in the Student Information System Market includes technological advancement. Major companies operating in the student information system market are focused on developing new technological solutions to strengthen their position. For instance, in May 2020, TCS iON( strategic unit of Tata Consultancy Services), an India-based company operating in student information systems, launched its advanced remote assessment product, TCS iON Remote Assessment. This product has been capable of conducting secure, free, and fair examinations at scale in a remote model using artificial intelligence and machine learning frameworks for detecting malpractice attempts and alerting the invigilators, and enabling invigilators to proctor candidates in real-time, from anywhere, and leverage admission and recruitment process.
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The Student Information System Market is segmented -
By Component: Software, Service
By Deployment: Cloud, On-Premise
By Application: Financial Management, Student Management, Admission and Recruitment, Student Engagement and Support, Other Applications
By End-Use: K-12, Higher Education
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Student Information System Market.
The Business Research Company's "Global Student Information System Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Student Information System Market Include:
1. Executive Summary
2. Student Information System Market Characteristics
3. Student Information System Market Trends And Strategies
4. Student Information System Market - Macro Economic Scenario
5. Student Information System Market Size And Growth
……
26. Africa Student Information System Market
27. Student Information System Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Student Information System Market
29. Student Information System Market Future Outlook and Potential Analysis
30. Appendix
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