Global Student Information Systems Market To Reach $ 19.2 Billion By 2026
FACTS AT A GLANCE
Editing: 5; Posted: May 2021
Executive pool: 1068
Companies: 93 – Players covered include Arth Infosoft; Beehive; Corp. campus management; ComSpec International; NTC Eduware LLC; Ellucian Company LP; School tune-up software; Foradian Technologies; Illuminate education; Jenzabar Inc .; Oracle Corporation; PowerSchool; Skyward, Inc .; Tribal group; Unit 4; Workday Inc. et al.
Blanket: All major geographies and key segments
Segments: Component (Solutions, Services); Application (admission and recruitment, student management, financial management, other applications); End use (higher education, K-12)
Geographies: World; United States; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia Pacific; Australia; India; South Korea; Rest of Asia Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UNITED ARAB EMIRATES; Rest of Middle East; Africa.
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Global Student Information Systems Market To Reach $ 19.2 billion by 2026
Student Information Systems (SIS) are sophisticated web-based information management software solutions that help educational institutions create a highly structured and supportive information exchange environment. integration of administration and student data management. The increasing adoption of these solutions is attributed to the growing desire of educational institutions to improve the quality of education and to ensure effective communication between authorities, faculties and students. These systems take advantage of the growing proliferation of mobile devices and the Internet, the penetration of online learning and the popularity of over-the-top multimedia services. Market growth is also supported by the emergence of the Internet of Things, edge computing and 5G telecommunications. Advanced student information systems focus on analytics, mobile apps, behavior tracking, and cloud accessibility. The explosion of connected mobile devices makes it easy to add many mobile applications for more convenience for students and their parents. In addition, current trends such as cloud migration and mobile accessibility are driving the integration of artificial intelligence into these applications.
In the midst of the COVID-19 crisis, the global student information systems market is estimated at 7.8 billion US dollars in 2020, is expected to reach a revised size of US $ 19.2 billion by 2026, with a CAGR of 15.5% over the analysis period. Solutions, one of the segments analyzed in the report, is expected to grow at a CAGR of 14.2% to reach US $ 15 billion at the end of the analysis period. After a thorough analysis of the business implications of the pandemic and the induced economic crisis, the growth of the Services segment is readjusted to a revised CAGR of 19% for the next 7-year period. This segment currently represents a 24.4% share of the global student information systems market. Market growth is driven by the solutions segment due to the robust adoption of student information system software solutions along with factors such as easy deployment and maintenance and flexible pricing options. The services segment is experiencing a robust growth rate due to the increasing attention of educational institutions on integration capabilities for the optimization of business processes.
The US market is estimated at $ 3.2 billion in 2021, when China is expected to reach $ 2 billion by 2026
The student information systems market in the United States is estimated at US $ 3.2 billion in 2021. The country currently represents a 33.37% share of the global market. China, the world’s second-largest economy, is expected to reach an estimated market size of US $ 2 billion during the year 2026, with a CAGR of 19.5% throughout the analysis period. Other notable geographic markets include Japan and Canada, each projects growth of 13% and 14% respectively over the period of analysis. In Europe, Germany is expected to grow by around 15.2% CAGR while the rest of the European market (as defined in the study) will reach US $ 2.3 billion at the end of the analysis period. North America The region occupies a dominant position due to the growing awareness of these systems in higher education institutions. The regional market is propelled by the increasing penetration of emerging technologies, including the Internet of Things, cloud, big data, digital transformation and mobility. The region is also benefiting from the introduction of advanced solutions by leading players, coupled with the continued efforts to upgrade SIS solutions with sophisticated technologies. Europe represents the second largest market for student information systems due to the notable expansion of the educational tourism industry and the growing influx of international students to countries like the UK, France and Germany. the Asia Pacific The region benefits from the growing attention of educational institutions on digital solutions to increase operational efficiency. Countries such as China, Indonesia, India and Malaysia report a strong penetration of student information systems in K-12 education to assist school management and provide relevant information to students. Following
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