Student Information System Global Market Size, Share, Emerging Factors, Future Trends, Segmentation and Forecast To 2033

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company presents an extensive market research report on the Student Information System Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.

Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.

Market Sizing:

The student information system market size has grown rapidly in recent years. It will grow from $8.3 billion in 2023 to $9.49 billion in 2024 at a compound annual growth rate (CAGR) of 14.3%. The growth in the historic period can be attributed to growth of higher education, compliance and reporting requirements, increased focus on student success, evolution of grading systems, parent and teacher communication..

The student information system market size is expected to see rapid growth in the next few years. It will grow to $16.01 billion in 2028 at a compound annual growth rate (CAGR) of 14.0%. The growth in the forecast period can be attributed to increasing need for data centralization, focus on competency-based education, cybersecurity enhancements, remote learning and hybrid education models, evolution of student portfolios.. Major trends in the forecast period include cloud-based sis solutions, mobile accessibility and apps, data analytics for student insights, user-friendly interfaces, parent and guardian portals, blockchain for secure credentials..

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Key Market Players:

Major companies operating in the student information system market report are Oracle Corporation, Workday Inc., SAP SE, Jenzabar Inc., Skyward Inc., Illuminate Education Inc., Ellucian Company L.P., Anthology Inc., Foradian Technologies Pvt. Ltd., PowerSchool Group LLC, Tribal Group plc, Arth InfoSoft Pvt. Ltd., Beehively LLC, ComSpec International Inc., Unit4 N.V., Alma Technologies Inc., Gradelink Corporation, Tyler Technologies Inc., Blackbaud Inc., Rediker Software Inc., PraxiSchool LLC, MAESTRO SIS Inc., ampEducator LLC, Infinite Campus Inc., Follett School Solutions Inc., Edupoint Educational Systems LLC, Campus Management Corp., Populi Inc., Edvance Software Inc., Frontline Technologies Group LLC.

Market Drivers:

The growing inclination toward e-learning is expected to propel the growth of the student information system market going forward. 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 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. For instance, in January 2022, according to an article shared by the World Economic Forum, a Switzerland-based non-governmental and lobbying organization data, in the year 2021, more than 20 million new students registered with the online learning portal Coursera, up from 71 million in 2020. The number of students enrolled in online courses more than doubled in 2020, then increased by 32% the following year to 189 million. Therefore, the growing inclination toward e-learning is driving the growth of the student information system market.

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The student information system market covered in this report is segmented -

1) By Component: Software, Service
2) By Depolyment: Cloud, On-Premise
3) By Application: Financial Management, Student Management, Admission and Recruitment, Student Engagement and Support, Other Applications
4) By End-Use: K-12, Higher Education

The report answers the following questions:
What are the primary factors propelling the market during the projected period?

In which region is the most substantial growth expected?

Which trend will take center stage in the upcoming period?

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