Transparency Market Research
Like every other sectors, education sector too is undergoing a digital transformation. There has been significant rise in number of enterprise management and student information system in the education sectors. These solutions help in keeping of student progress and helps business leaders establish a seamless process in the system.
Student information system is a single point access where entire details of student such as parents’ information, academic report and other important details of student are stored. Previously these information were stored on the register and at a certain it becomes too difficult for the school management to store them.
The student information system is acting as a bridge between the old system and new system. These systems not only offer a connected experience to parents but also help in maintaining controllability and reliability in the process.
Advent of mobile technology and increasing penetration of digitalization in day to day is a vital factor expected to drive the global student information system market.
Further, student information system allows student educational systems to pursue new distribution channels. In addition to this, they also help in improving parent’s experience with the school management. This a primary driver factor in the global student information system market.
Along with this, players in the student information systems are adopting cloud-based solution for the deployment of student information system. This is because it improves mobility and scalability of the software. Further it also helps in reducing the overall costs involved in operation of the software. Such advancement in the product and deployment techniques are expected to fuel the global student information system market.
The student information system (SIS) market has been growing at a steady pace owing to increase in the application of analytics in the educational sector. It is popular among administrators and educators to gain accessibility of data to evaluate the performance of students based on the goal and mission of the institutions. Institutions are generating huge amounts of data such as application data, personal data, financial data, facilities and estates data, and admission data. The data sets are applied as a tactical asset by organizations as it helps in business decision making and operational business and planning. The data helps in formulating policies and corrective measures to enhance student take liable on their possessions as well as retention of students. SIS turns as a data source which helps to collect and deliver raw data sets which needs to be analyzed. Increasing demand for collaborative visualization of data and presentation of procedures to learn and adjust to the pattern and needs of users is expected to drive the student information system market over the forecast period.
The student information system market has been segmented on the basis of end user and deployment method. By end-user, the market has been segregated as K-12 SIS and higher education SIS. Higher education SIS was the most dominant segment in 2015 and is expected to remain so over the forecast period. Growth in the number of universities, acquiring educational hardware such as projectors, tablets, interactive whiteboards, swapping to digitized content, implementing social learning and gamification is driving the student information system globally. Political developments and regional education which impacts the enrollment of students is expected to validate the disposition of student information system over the forecast period. By deployment method, the student information system market has been bifurcated into cloud and on-premise. On-premise segment is expected to dominate the student information system market over the forecast period. Strong foothold of on-premise deployment in Europe and North America is one of the key factors driving this segment.
By geography, the student information system market is segmented into Europe, North America, Asia Pacific, Latin America, and Middle-East & Africa. North America accounted for major market share in 2015 and is estimated to remain dominant over the forecast period. Rise in preference toward software solution deployment to help students and school managements is a major driving factor in this region. The U.S is one of the large markets for student information system in North America. Europe has a sizeable share in the global student information system market due to the increasing popularity of school related events through connected platforms. Germany and the U.K. accounted for majority of the market share of the student information system market in this region. Asia Pacific is one of the fast growing regions for student information system and is anticipated to remain so over the forecast period, with China accounting for one of the large markets. Middle East & Africa has a rising market share in the student information system market. Brazil is the most dominant segment in Latin America in the student information system market.
The demand for student information system from higher education and K-12 schools is rising at a rapid pace globally. Global manufacturers are designing and developing software to fulfill the varied demand of customers. The important players in the student information system market are Jenzabar, Unit4, Ellucian, and Skyward. The other key vendors in the student information system market are Campus Management, Anubavam, Focus School Software, Illuminate Education, ComSpec International, Workday, SAP, ITG America, Foradian Technologies, and Tribal Group among others.
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