Student Information System Market Size, Share & Trends Report

Student Information System Market Size, Share & Trends Analysis Report By Component, By Deployment, By Application (Financial Management, Admission & Recruitment), By End Use, And Segment Forecasts, 2020 - 2027

  • Published Date: Jun, 2020
  • Base Year for Estimate: 2019
  • Report ID: GVR-4-68038-731-5
  • Format: Electronic (PDF)
  • Historical Data: 2016 - 2018
  • Number of Pages: 109

Report Overview

The global student information system market size was valued at USD 7.24 billion in 2019 and is expected to expand at a compound annual growth rate (CAGR) of 15.0% from 2020 to 2027. Factors such as rising penetration of internet and mobile devices worldwide, digital transformation of educational sector, and increasing Over the Top (OTT) media services are the primary drivers fostering the adoption of Student Information System (SIS). Presently, SIS applications embedded with advanced analytics and Artificial Intelligence (AI) capabilities are being offered by several vendors. Moreover, other factors such as the rise in Internet of Things (IoT), 5G telecommunication technology and edge computing are likely to boost market growth.

U.S. student information system market size

Student information system solutions are either delivered as a standalone, or as part of an integrated campus suite. These solutions cater to recruitment, career development, student support, and alumni relationship management in the student domain and/or providing more comprehensive campus and Enterprise Management (ERP) features. SIS solutions are able to provide educational institutions with increased agility, the ability to automate routine tasks, and the opportunity to leverage advanced AI and other emerging technology tools to improve the overall student and staff experience. The SIS solutions available in the market have the features and functionality that cater majority of an institution's student-management needs, but the choice of solutions are mostly based on the geographical region, size of the institution, and mission of every educational entity.

The student information systems primarily record students' details, their subscriptions to courses by teaching period, and the final result of each course taken. Some of the software available in the market are incapable to cater to the diverse institutional tasks at a time. Some vendors in the market are trying to develop a broader application suite around the core functional area, either by extending student-related functionality or by creating a total campus management solution, incorporating ERP and other functions into their products. For instance, Oracle Corporation’s PeopleSoft Enterprise Student Administration Integration Pack (SAIP) have integration capabilities that extend to all the systems that support the educational experience including student systems, collaboration and communication, learning management, analytics, identity management, portfolios, library systems, and parking systems, among others.

The trending features in the student information system sphere include mobile applications, cloud accessibility, behavior tracking, and analytics capabilities, among others. Further, the development of AI technology will enable SIS software to become more engaging and an active contributor to the student’s academic career. Moreover, an increasing number of SIS software are shifting towards cloud-based deployment. With the growing penetration of mobile devices across demography, 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 current trends, integration of AI into SIS applications is likely to grow over the forecast period fostering the growth of the SIS market.

Data security and privacy remains a primary concern among organizations wherein storage, use of information, and transmission must be digitally protected. Surveys suggest that about 60% of the business-sensitive information on hard drives is held insecurely. Data encryption, authorization management, access control, cloud integration, communication security, monitoring and auditing, and business continuity services are some of the important security services offered by the services vendors.

Component Insights

Solution segment accounted for the largest market share of over 75% in 2019, owing to rise in demand for SIS software products across the world. Moreover, flexible pricing models, easy maintenance, and deployment are the factors fostering the growth of the student information system market. SIS solutions are meant to leverage digital transformation in educational institutions to achieve three major education goals: optimize operations, improve outcomes, and boost institutional standings. Moreover, the use of predictive analytics in the SIS solutions with the help of advancing technologies such as AI and machine learning will help staff and faculty assess the current conditions, analyze data, find answers, and make informed decisions within automated workflows.

Integrations between applications within the academic enterprise have been brittle, complex, and expensive. The services segment is likely to witness the fastest CAGR over the coming years. The growth can be attributed to the demand for integration capabilities by institutions to optimize all the administration processes. For instance, Oracle has partnered with Desire2Learn, Sakai, Moodle, and other vendors to make integration with the learning management systems more flexible, less costly, and extensible to future technologies, enhancements, and upgrades.

Application Insights

The admission and recruitment accounted for the largest market share of over 30% in 2019, owing to its core functions being used among most of the educational institutions and universities across the world. 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 been managed by other applications or third-party systems. However, many vendors are now embedding the applications directly into their SIS.

Financial management segment is likely to register the highest CAGR from 2020 to 2027. The growth can be attributed to superior integration capabilities, advanced analytics, AI, and revised architecture of the product solutions. Moreover, student engagement segment will also witness significant growth in the coming years. The relationship and engagement traditionally fell 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 in an effort to transform it into an integrated student lifecycle management system.

End-use Insights

The SIS market is bifurcated into K-12 and higher education on the basis of end-use. The higher education sector accounted for the largest market share of over 60% in 2019. Growth in the number of universities across the world, rise in educational hardware, shift towards digitized learning content, social learning models, and gamification are driving the higher education segment growth globally. Presently, the institutions across the world are also facing a challenge to improve administrative operations and student performance with optimal funding and fewer resources. However, the advances in educational technology and provision of data and insights required to optimize operational efficiencies through customized SIS solutions will boost market growth 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, growing personalization, and student success. 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 led the SIS vendors to offer customized solutions in the K-12 demographic group.

Deployment Insights

On-premises and cloud are the two of the deployment methods utilized by educational institutions. Cloud deployment segment dominated the market with a revenue share of over 60% in 2019 and is predicted to maintain its dominance over the next eight years. The flexibility and scalability of cloud technology, security features, and control over the data center are some of the key factors that will foster the utility of technology. It was not until 2013, vendors started offering cloud SIS solutions. Workday Inc. built its first cloud-native solution (Student Recruiting) in 2014 and a complete suite of SIS in 2016. Later, Unit4 released its cloud-enabled solution, Student Management in 2016, and Oracle Corporation started offering its Student Cloud solution since 2018.

Europe student information system market share

Colleges and universities are restructuring their legacy processes and replacing on-premises SIS with cloud alternatives. Cloud technology is benefitting higher education institutions to deliver remarkable educational experiences marked by customized services. Moreover, cloud-based SIS solutions are easy to use, integrate, and offer flexibility. In addition, they also offer control to users while considerably reducing the cost and energy needed to manage, deploy, and support the environment.

Regional Insights

North America held the major market share of over 30% in 2019 owing to increasing awareness among higher educational institutions in the region. Presence of numerous vendors such as Oracle Corporation; Workday Inc.; SAP SE; Jenzabar Inc.; along with the higher propensity to upgrade the SIS solutions with new technologies is expected to help the region maintain its market position. Moreover, a rise in preference towards SIS deployment to improve students and school administration among universities will also drive regional growth. The European market follows North America owing to rising educational tourism and high annual foreign student arrivals in countries such as France, Germany, and the U.K.

Asia Pacific is likely to be 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 particular middle and high schools over the last decade has fostered the market growth across 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. Besides, Brazil in Latin America is likely to witness substantial growth in the market.

Key Companies & Market Share Insights

Strategic mergers and acquisitions, and partnerships and agreements, are anticipated to be the most effective way for industry players to gain quick access in emerging markets and to enhance technological capabilities. Also, product differentiation and up-gradation in the form of cloud services is expected to pave the way for the development of companies in the market. Moreover, around 40 other startups and enterprises across North America and Europe offering SIS solutions will pose potential competition in the market.

In October 2018, Oracle Corporation introduced its first complete student lifecycle platform, Oracle Student Cloud. It is a suite of products including student management feature along with student recruiting, support, and engagement. The unique feature of the 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 to create ambitious programs and transform the existing ones to align with student’s goals and the institution’s vision. Some of the prominent players in the student information system market include:

  • 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 Attributes

Details

Market size value in 2020

USD 7.93 billion

Revenue forecast in 2027

USD 21.04 billion

Growth Rate

CAGR of 15% from 2020 to 2027

Base year for estimation

2019

Actual estimates/Historical data

2016 - 2018

Forecast period

2020 - 2027

Market representation 

Revenue in USD million and CAGR from 2020 to 2027

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; Middle East & Africa

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

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Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & 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 2016 to 2027. For the purpose of this study, Grand View Research has segmented the global student information system market report on the basis of component, deployment, application, end-use, and region:

  • Component Outlook (Revenue, USD Million, 2016 - 2027)

    • Solutions

    • Services

  • Deployment Outlook (Revenue, USD Million, 2016 - 2027)

    • On-premises

    • Cloud

  • Application (Revenue, USD Million, 2016 - 2027)

    • Financial Management

    • Student Management

    • Admission & Recruitment

    • Student Engagement & Support

    • Others

  • End-use Outlook (Revenue, USD Million, 2016 - 2027)

    • K-12

    • Higher Education

  • Regional Outlook (Revenue, USD Million, 2016-2027)

    • North America

      • The U.S.

      • Canada

    • Europe

      • The U.K.

      • Germany

    • Asia Pacific

      • China

      • India

      • Japan

    • Latin America

      • Brazil

      • Mexico

    • MEA

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