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According to the latest report by IMARC Group, titled “Student Information System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global student information system market exhibited strong growth during 2015-2020. A student information system is a responsive web-based platform designed to assist administrators, teachers, students and parents. It offers centralized billing and accounting management, easy exam scheduling, and efficient management of student-related activities. It also reduces the time spent on maintaining records and facilitating communication between multiple divisions. As a result, student information systems are gaining traction across the globe.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Student Information System Market Trends:
At present, there is a considerable increase in the trend of digitization across the education industry. This represents one of the key factors positively influencing educational institutions to adopt student information systems worldwide. These systems aid in improving the quality of education and streamlining issues concerning students, administrators and teachers. Apart from this, the rising penetration of the internet and boosting sales of smartphones around the world are impelling the market growth. Furthermore, the market is also driven by the increasing adoption of cloud- and artificial intelligence (AI)-based software. These advanced solutions enhance data security and reduce the overall operational costs of the institutions. This, in confluence with increasing investments in the education industry and extensive research and development (R&D) activities, is projected to fuel the market. Looking forward, IMARC Group expects the market to expand at a CAGR of 13% during the forecast period (2021-2026).
Market Summary:
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