Student Information System Market Size, Share & Trends Report

Student Information System Market Size, Share & Trends Analysis Report By Component, By Deployment, By Application, By End-use, By Region, And Segment Forecasts, 2021 - 2028

  • Published Date: Jul, 2021
  • Base Year for Estimate: 2020
  • Report ID: GVR-4-68038-731-5
  • Format: Electronic (PDF)
  • Historical Data: 2018 - 2019
  • Number of Pages: 120

Report Overview

The global student information system market size was valued at USD 7.92 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 16.6% from 2021 to 2028. The outbreak of the COVID-19 pandemic is expected to have a positive impact on the market owing to the high demand for online education. As per the data published by UNESCO, 1.3 billion learners globally were unable to go to their educational institutes in March 2020 and needed online education to continue with the tuition for the academic year 2020 - 2021. The adoption of eLearning technologies gained traction during the COVID-19 outbreak and is expected to progressively increase post the pandemic as well to tackle a similar situation in the future.

U.S. student information system market size, by component, 2018 - 2028 (USD Billion)

Student information systems (SIS) are anticipated to witness significant growth over the forecast period. This can be attributed to the rapidly evolving education sector, rising penetration of internet, increase in online education, and growing use of mobile devices. Moreover, the growing emphasis of educational institutions on providing quality education and simplifying communication between faculty, students, and parents and the widespread initiatives by governments for upgrading education infrastructure is expected to proliferate the use of SIS software and services.

Educational institutions and governments worldwide are investing aggressively in the education sector. Several educational institutions have already adopted ERP, eLearning, Learning Management Systems (LMS), and smart education, among other latest solutions, to optimize internal processes while ensuring quality education, and accordingly implementing different programs to improve the standard of education. Educational institutions are also adopting SIS to effectively collaborate and communicate with students, parents, and faculties, among other stakeholders, to keep track of all the students, enable educators to generate educational content in line with the students' learning needs, and improve the overall learning experience.

SIS is being particularly implemented across various sections of the educational institutes, from payroll and student lifecycle tracking to administration, as part of broader digital transformation projects to enhance the experience for students. All such developments in the education sector are anticipated to foster the growth of the SIS market. The SIS solutions available in the market include features and functionality that cater to most of an institution's student-management needs. However, the choice of solutions is mostly based on the geographic region, size of the institution, and mission of every educational entity.

Some of the trending features in the student information system sphere include mobile applications, cloud accessibility, behavior tracking, and analytics capabilities. Furthermore, the development of AI technology is expected to enable SIS software to become more engaging and an active contributor to a student’s academic career. The shift of SIS software toward cloud-based deployment is also contributing to the market growth. With the growing penetration of mobile devices across demography, mobile apps are now being added to SIS solutions more solutions are now adding mobile apps to increase the ease of use for both students and parents. As mobile accessibility and cloud migration are the current trends, integration of AI into SIS applications is likely to increase, fostering the growth of the SIS market, over the forecast period.

Component Insights

The software segment accounted for a market share exceeding 70% in 2020. Educational institutions are increasingly looking for solutions that can align with their internal processes easily and improve their efficiency. With the growing emphasis of educational institutions on operational efficiency, the demand for SIS software is increasing across the globe. Moreover, institutions are leveraging SIS to enhance the quality of education while keeping the expenditures minimum. Easy maintenance, flexible pricing models, and easy deployment are some of the major factors fostering the growth of the software segment. Student information system software is meant to leverage digital transformation in the education sector to achieve major education goals such as improved outcomes, optimized operations, and improved institutional standings.

The service segment is anticipated to register considerable growth over the forecast period. The service segment includes training, installation, maintenance, consulting, and support services. Integration between applications within academic enterprises has been fragile, complex, and expensive. The service segment growth can be attributed to the demand for integration capabilities by institutions to optimize all administration processes. With software installation, there is an increased need to address the technical issues, update software periodically, and troubleshoot. The growing organizational demand to enhance the capability of the existing systems, strong emphasis on automation and continued adoption of cloud computing are some of the vital factors driving the segment growth.

Deployment Insights

The cloud segment accounted for the highest market share of more than 60% in 2020. The cloud-based SIS software and service help in reducing the overall costs and providing highly scalable and flexible access to solutions. Educational institutions are increasingly deploying SIS on the cloud to improve scalability and mobility. Although on-premise deployment offers better security for the student information system, cloud-based deployment helps institutions in reducing the costs associated with the storage of solutions and technical staff. Therefore, owing to such advantages of cloud-based software and services, several vendors have started offering SaaS-based software models in the student information system market.

Educational institutes are restructuring their traditional processes and replacing the on-premise SIS with cloud-based alternatives. Cloud-based SIS is enabling educational institutions to deliver improved educational experiences marked by modified/customized services. Moreover, cloud-based SIS software and services are easy to practice and integrate and offer additional flexibility. Additionally, a cloud-based SIS offers control to users while significantly reducing the energy and costs needed to deploy, manage, and support the educational environment.

Application Insights

The admission and recruitment segment accounted for the highest market share of over 30% in 2020 owing to its core functions being used by most of the educational institutions and universities across the globe. The core features of the SIS solutions include student profiling, registration and enrollment, student progress, and engagement. There are other functional extensions such as finance, HR, asset and real estate management, and research administration, which are generally managed by other applications or third-party systems. However, many vendors are now embedding the applications directly into their SIS.

The financial management segment is likely to register the highest CAGR from 2021 to 2028. The segment growth can be attributed to superior integration capabilities, advanced analytics, AI, and revised architecture of the solutions. The student engagement segment is also expected to witness significant growth in the forthcoming years. The relationship and engagement traditionally were under the purview of separate Customer Relationship Management (CRM) systems. However, vendors are now increasingly including or embedding pupil engagement capabilities into the SIS applications to transform student information systems into an integrated student lifecycle management system.

End-use Insights

The higher education segment accounted for the highest market share of over 60% in 2020. Growth in the number of universities across the world, rise in educational hardware, shift toward digitized learning content, social learning models, and gamification are driving the higher education segment growth globally. Currently, institutions across the globe are facing a challenge in terms of improving administrative operations and student performance with optimal funding and fewer resources. However, the advances in educational technology and the provision of data and insights required to optimize operational efficiencies through customized SIS software are expected to boost the segment growth over the forecast period.

Europe student information system market share, by end-use, 2020 (%)

The K-12 segment is anticipated to register a significant CAGR over the forecast period. Changing student demographics and expectations are contributing to evolving education dissemination models across various in-person and online learning experiences. The new education-imparting technologies are improving teaching and learning outcomes, enhancing personalization, and improving student success. The K-12 segment has immense growth potential. The creation of Next-gen Digital Learning Environment (NGDLE) and increased adoption of e-learning methods in primary classrooms across the world have encouraged SIS vendors to offer customized solutions for the K-12 demographic group.

Regional Insights

North America dominated the global market with a share of over 30% in 2020 owing to the increasing awareness among higher educational institutions in the region. The presence of numerous vendors such as Oracle Corporation; SAP SE; Workday Inc.; and Jenzabar Inc. and the higher propensity to upgrade the SIS software with new technologies are expected to help the region maintain its market position. Moreover, a rise in preference toward SIS deployment to improve student and school administration in universities is also expected to drive the regional market growth. The European market follows North America owing to the rising educational tourism and high annual foreign student arrivals in countries such as France, Germany, and the U.K.

Asia Pacific is expected to emerge as the fastest-growing region over the forecast period. The extensive use of SIS applications in China and its spread to provincial and lower-tier universities and particularly middle and high schools over the last decade have fostered market growth in the region. Moreover, the region is likely to offer potential opportunities for SIS vendors as educational institutions are deploying digital solutions to improve operational efficiency. Brazil in Latin America is also expected to witness substantial growth in the market.

Key Companies & Market Share Insights

Some of the key players that dominated the global market in 2020 include Oracle Corporation; Workday Inc.; SAP SE; Jenzabar Inc.; Skyward, Inc.; Illuminate Education; and Beehively. Strategic mergers and acquisitions and partnerships and agreements are anticipated to be the most effective ways for industry players to gain quick access to emerging markets and enhance technological capabilities. Additionally, product differentiation and upgrading in the form of cloud services are expected to pave way for the growth of companies in the market. In October 2018, Oracle Corporation introduced its first complete student lifecycle platform named Oracle Student Cloud. It is a suite of products that includes the student management feature, along with student recruiting, support, and engagement. The unique feature of Oracle Student Cloud is its capability to integrate with Oracle’s other educational software (Campus Solutions). The solution is equipped with advanced analytics capabilities that help institutions create ambitious programs and transform the existing ones to align with students’ goals and the institution’s vision. Some of the prominent players operating in the global student information system market are:

  • Oracle Corporation

  • Workday Inc.

  • SAP SE

  • Jenzabar Inc.

  • Skyward, Inc.

  • Illuminate Education

  • Ellucian Company L.P

  • Campus Management Corp.

  • Foradian Technologies

  • Beehively

Student Information System Market Report Scope

Report Attribute

Details

Market size value in 2021

USD 8.75 billion

Revenue forecast in 2028

USD 25.66 billion

Growth rate

CAGR of 16.6% from 2021 to 2028

Base year for estimation

2020

Historical data

2018 - 2019

Forecast period

2021 - 2028

Quantitative units

Revenue in USD million and CAGR from 2021 to 2028

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Component, deployment, application, end-use, region

Regional scope

North America; Europe; Asia Pacific; Latin America; MEA

Country scope

U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico

Key companies profiled

Oracle Corporation; Workday Inc.; SAP SE; Jenzabar Inc.; Skyward, Inc.; Illuminate Education; Ellucian Company L.P; Campus Management Corp.; Foradian Technologies; Beehively

Customization scope

Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional, and segment scope.

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Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2028. For this study, Grand View Research has segmented the global student information system market report based on component, deployment, application, end use, and region:

  • Component Outlook (Revenue, USD Million, 2018 - 2028)

    • Software

    • Service

  • Deployment Outlook (Revenue, USD Million, 2018 - 2028)

    • Cloud

    • On-premise

  • Application Outlook (Revenue, USD Million, 2018 - 2028)

    • Financial Management

    • Student Management

    • Admission & Recruitment

    • Student Engagement & Support

    • Others

  • End-use Outlook (Revenue, USD Million, 2018 - 2028)

    • K-12

    • Higher Education

  • Regional Outlook (Revenue, USD Million, 2018 - 2028)

    • North America

      • U.S.

      • Canada

    • Europe

      • U.K.

      • Germany

    • Asia Pacific

      • China

      • India

      • Japan

    • Latin America

      • Brazil

      • Mexico

    • Middle East & Africa (MEA)

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