The report forecasts the global SIS market for higher education to grow at a CAGR of 12.78% during the period 2016-2020.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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 benefited from data security managed by cyber security professionals. The cloud-based software acts as a powerful tool to access data anytime and anywhere.