Global SIS Market for Higher Education 2016-2020
SIS maintains data about staff, students, and administration. Using this data, the system can generate reports and dashboards. These reports enable administrators to make strategic decisions and reduce operating costs.
Technavio’s analysts forecast the global SIS market for higher education to grow at a CAGR of 12.78% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global SIS market for higher education for 2016-2020. To calculate the market size, the report considers the revenue generated from the purchase and contract renewal of SIS licenses and subscriptions of SIS in the higher education segment.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global SIS Market for Higher Education 2016-2020
Technavio recognizes the following companies as the key players in the global SIS market for higher education: Campus Management, Ellucian, Jenzabar, Oracle, and Unit4.
Other Prominent Vendors in the market are: Classe365, Anubavam, ComSpec International, ITG America, SAP, Tribal, and Workday.
Commenting on the report, an analyst from Technavio’s team said: “Emergence of regional offerings will be a key trend for market growth. In every region, schools and other educational institutions have restricted curriculums and functions. This has implications for their financial and administration activities. Consequently, the best practices to improve process efficiency will vary significantly from region to region. Therefore, vendors that focus on improving their product offerings for the education market have begun to enhance SIS modules as per regional requirements. For instance, providers of SIS, while developing state reporting modules, auditing, and verification reports sent to the respective school districts, will consider local state and districts' reporting systems. Vendors such as Focus School Software, a US-based company, have developed state reports modules for Texas and Florida public school districts.”
According to the report, rise in use of cloud-based SIS will be a key driver for market growth. The global SIS market for higher education is expected to register an exponential increase in the use of cloud-based SIS software. This is because cloud-based SIS can be easily integrated with mobile devices, which will improve accessibility. Apart from carbon footprint reduction and the advantage of economies of scale, cloud hosting has also benefitted from data security managed by cyber security professionals. The cloud-based software acts as a powerful tool to access data anytime and anywhere.
Further, the report states that as the market gains traction, SIS vendors will have to adopt innovative customer support methods such as webinars regarding product releases and improved functionalities. The improvement in customer support will play a crucial role in helping key vendors attain a competitive advantage. As vendors need to incur significant costs, it will be a major challenge for them.
Campus Management, Ellucian, Jenzabar, Oracle, Unit4, Classe365, Anubavam, ComSpec International, ITG America, SAP, Tribal, Workday.