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The global student information system market exhibited strong growth during 2015-2020. A student information system (SIS) refers to a web-based application that is designed to track information related to students, parents, teachers and the administrative staff of an educational institute. This application enables authorities to record student-related data, including examination results, attendance and overall performance levels through various analytical tools. These solutions also improve the efficiency of the management by automating manual processes, reducing the time spent on maintaining records, facilitating communication between multiple divisions and providing an integrated resource location for the users.
The growing education industry, along with the growing trend of digitization, represent as the key factors driving the growth of the market. Educational institutions are focusing on improving the quality of education while facilitating efficient communication between students, parents, faculties and the authorities. This is resulting in an increasing preference for SIS solutions across the globe. Furthermore, the growing adoption of cloud- and artificial intelligence (AI)- based software is also providing a boost to the market growth. These technologically advanced solutions reduce the overall operational costs and enhance data security for the institutions. They also assist in processing large amounts of data and identifying patterns that aid in formulating strategic policies. Additionally, various product innovations offering high scalability, flexibility and customizability according to the requirements of the organization is acting as another growth-inducing factor. Other factors, including rapid urbanization, increasing investments in the education sector by both government and non-government organizations (NGOs) and extensive research and development (R&D) activities, are projected to drive the market further. Looking forward, IMARC Group expects the global student information system market to grow at a CAGR of around 13% during 2021-2026.
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The report has also analysed the competitive landscape of the market with some of the key players being Arth Infosoft, Campus Management Corporation, ComSpec International, Ellucian, Foradian, Illuminate Education, Jenzabar, Oracle Corporation, SAP, Skyward, Tribal Group, Unit4, Workday Inc., etc.
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