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Student Information System Market Size Projected To Reach $18.55 Billion By 2034 With A Cagr Of 15.3%
The Student Information System Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].What Is the Projected Growth of the Student Information System Market?
The market size for the student information system has seen substantial expansion in the recent past. The market is set to climb from $9.28 billion in 2024 to $10.5 billion the subsequent year, with a compound annual growth rate (CAGR) of 13.2%. The surge during the historic period can be credited to the expansion in higher-education, regulatory and reporting obligations, heightened concentration on student success, advancement of grading systems, and improved dialogue between parents and teachers.
The market size for student information systems is set to experience significant expansion in the coming years. With an expected value of $18.55 billion in 2029, it will showcase a compound annual growth rate (CAGR) of 15.3%. The predicted expansion during the forecast period is a result of the growing necessity for data centralization, a shift toward competency-based education, improvements in cybersecurity, the rise of remote and blended learning models, and the development of student portfolios. The forecast period is also expected to see major trends such as cloud-based student information system solutions, mobile apps and accessibility, data analytics to gain student insights, intuitive interfaces, parent and guardian portals, and the use of blockchain for secure credential validation.
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What Are the Different Student Information System Market Segments?
The student information system market covered in this report is segmented -
1) By Component: Software, Service
2) By Deployment: 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
Subsegments:
1) By Software: Student Management Software, Enrollment Management Software, Grade And Attendance Tracking Software, Reporting And Analytics Tools, Learning Management System (LMS) Integration
2) By Service: Implementation Services, Consulting Services, Support And Maintenance Services, Training Services
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What Are the Primary Drivers Shaping the Student Information System Market?
The rise in preference for e-learning is projected to fuel the expansion of the student information system market in the future. E-learning refers to the application of information and communication technology (ICT) to streamline, simplify, and revolutionize the learning process via the Internet. The popularity of online learning or e-learning among students has surged owing to various benefits such as the convenience to learn from any location, enhanced career opportunities, and an extensive variety of courses and programs on the internet. Moreover, student information systems aid students with tracking information in e-learning. For instance, as per the World Economic Forum, a non-governmental organization based in Switzerland, in June 2023, it was projected that the global education virtual reality (VR) sector would grow from $6.37 billion in 2021 to $8.66 billion in 2022. Thus, the rising preference for e-learning is propelling the growth of the student information system market.
Which Companies Are Leading in the Student Information System Market?
Major companies operating in the student information system market 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, 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.
What Are the Major Trends Shaping the Student Information System Market?
Leading businesses in the student information system market, are progressing innovative solutions such as mobile apps to facilitate smooth access to crucial student information. A mobile app is a type of software aimed at smartphones and tablets that makes service access more manageable. In the context of a student information system, it permits students to easily see their academic records, timetable of classes, and any notifications. For instance, Rediker Software, a company based in the US producing school administration software, unveiled its AdminPlus Mobile App in December 2022 to boost the accessibility and effectiveness of its K-12 schools' cloud-based student information system. The objective is to allow school admin staff to swiftly and conveniently access key student and staff data, attendance records, academic grades, and incident reports while they are mobile. The augmented interface, consolidated dashboard, and amalgamated features including AdminPlus alerts, mirror the company's dedication to simplifying administrative tasks, enhancing communication within school communities, and providing a more user-oriented experience for school personnel.
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What Are the Top Revenue-Generating Geographies in the Student Information System Market?
North America was the largest region in the student information system market share in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the student information system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Student Information System Market?
2. What is the CAGR expected in the Student Information System Market?
3. What Are the Key Innovations Transforming the Student Information System Industry?
4. Which Region Is Leading the Student Information System Market?
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