Student Information System Market by Component (Solution and Services (Professional Services and Managed Services)), User Type (K-12 and Higher Education), Deployment Type (Cloud and On-Premises), and Region - Global Forecast to 2023
The growing demand to improve the internal process of educational institutions and seamlessly connect various stakeholders in the education ecosystem are expected to drive the overall growth of the student information system market
The global student information system market is expected to grow from USD 5.0 billion in 2018 to USD 9.0 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 12.4% during the forecast period. The student information system market is driven by various factors, such as the rising focus of educational institutions to improve education quality and customer satisfaction, widespread government initiatives, and technological advancements. However, lack of awareness among the educational organizations can hinder the growth of the market.
Training and consulting services segment is expected to hold the highest market share during the forecast period
Stakeholders across the education are still unaware of the benefits and advantages of a robust student information system. Student information system not only helps the educational institution but also provide the world-class experience to its student. Student information system vendors provide training and consulting services to faculty and staff members of educational institutions so that they can have a better understanding of the entire solution. These services also help the vendors to differentiate their offering from other vendors. As the demand for the student information system is increasing the demand for associated services are also increasing.
Asia Pacific (APAC) is expected to record the highest growth rate during the forecast period
APAC is expected to grow at the highest CAGR during the forecast period, due to the increase in demand for student information system solution and services. Growing economies in countries, such as China, Japan, Australia, New Zealand, and India provide huge opportunities for the adoption of the student information system solution and services in the APAC region. Meanwhile, North America is projected to hold the largest market size during the forecast period.
In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the student information system marketplace.
• By company type: Tier 1 – 40%, Tier 2 – 46%, and Tier 3 – 14%
• By designation: C-level – 42%, D-level – 35%, and Others – 23%
• By region: North America – 35%, Europe – 27%, APAC – 23%, MEA – 10%, and Latin America – 5%
The major student information system vendors, include, SAP (Germany), Oracle (US), Ellucian (US), Workday (US), Jenzabar (US), Unit4 (Netherlands), Skyward (US), Arth Infosoft (India), Tribal Group (UK), Campus Management (US), PowerSchool (US), Foradian Technologies (India), Illuminate Education (US), ComSpec International (US), and Focus School Software (US). The study includes an in-depth competitive analysis of these key players in the student information system market, with their company profiles, recent developments, and key market strategies.
The market study covers the student information system market size across segments. It aims at estimating the market size and the growth potential of this market across different segments, such as, component (solutions and services), deployment type, user type, and regions. The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
Key benefits of buying the report
The report will help the market leaders or new entrants in this market with information on the closest approximations of the revenue numbers for the overall student information system market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
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