2017-2021 Global Student Information System Market Trends & Growth

Market Research hub’s analyst predicts the Global student information system (SIS) market to grow steadily at a CAGR of around 17% by 2021. One of the primary growth drivers for this market is the rise in the application of analytics in the education sector. It has become imperative for educators and administrators to have access to data with which they can drive student performance keeping in mind measurable metrics to fulfill institutions' goals and missions. Institutions are generating enormous amounts of statistical data such as student personal record data, admission and applications data, financial data, data related to alumni, estates and facilities data, and course-wise data related to student enrollments in each course.

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These data sets are used as a strategic asset by institutions as they assist in operational and business decision-making and planning. With the help of this data, administration departments in institutions can strategically develop intervention policies and corrective measures to increase student intake depending on their resources as well as student retention. SIS acts as a data source that collects and provides raw data to be analyzed. The growing demand for interactive visualizations of data and the application of algorithms to learn and adjust to needs and patterns of users will contribute to the increase in the market share during the forecast period.

In terms of geography, North America accounted for the maximum market share during 2016 and will continue to dominate the market for the next few years. The rising inclination toward software solution deployment to facilitate school and student management is one of the key factors responsible for the dominance of the SIS market in the region. Vendors are providing software solutions with embedded analytical tools that provide better technological support to educational institutions. Also, the government and institutional initiatives have laid significant emphasis on managing the entire process of school-related activities through online platforms. This coupled with pressure to deliver quality education within the restricted budget will boost the market growth in the region.

Competitive landscape and key vendors:

The global SIS market is offering immense opportunity for vendors to explore the market by designing software to fulfill the needs of stakeholders in the industry. The demand for SIS from higher education as well as K-12 schools is rising exponentially. K-12 schools globally are implementing various ed-tech solutions and are inclined toward SIS software. This growing inclination towards SIS has compelled the players entering the market either, at a global or regional level, to developing solutions that can be accessed on-premise and on the cloud as well.

Leading vendors in the market are -

Ellucian

Jenzabar

Skyward

Unit4

Other prominent vendors in the SIS market include Anubavam, Campus Management, Classe365, ComSpec International, Focus School Software, Foradian Technologies, Illuminate Education, ITG America, SAP, Tribal Group, and Workday.

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