Student Information System to grow by USD 8.73 billion between 2022 to 2027, North America will contribute 31% to the growth- Technavio

NEW YORK, Sept. 6, 2023 /PRNewswire/ -- The student information system market size is expected to grow by USD 8.73 billion from 2022 to 2027, progressing at a CAGR of 17.03% as per the latest Technavio market research report. North America is going to have lucrative growth during the forecast period. About 31% of the market's overall growth is expected to originate from North America. The report has been segmented by End-user (Higher education and K-12), Deployment (On-premises and Cloud-based), and Geography (North America, Europe, APAC, South America, and Middle East and Africa). Discover insights on market size before buying the full report- Download the FREE sample report

Geography Overview:

• North America will contribute 31% to the growth of the global market during the forecast period. This growth can be attributed to the increasing adoption of software solutions to facilitate the operational efficiency of educational institutions. Additionally, SIS is an integral part of most educational institutions' annual educational technology plans in the US. For now, get a snapshot of the comprehensive report Download a FREE Sample

• The higher education segment will be significant during the forecast period. There is an increased investment in data warehousing, analytics, and business intelligence by various higher education institutions. These investments are beneficial for SIS implementations. This is because players ensure that their products can be integrated with learning analytics and /image analysis software without the help of experts in IT and consultants. Furthermore, favorable political developments in countries like the Gulf Cooperation Council (GCC) have aroused interest in pursuing education related to STEM. Hence, such factors increase the number of higher education institutions being established, which will fuel the demand for SIS during the forecast period. 

Key Factor driving market growth - 

• An increase in replacement activities drives the growth of the student information system market.
• Various educational institutions that have adopted older versions of the SIS face functional challenges.
• Thus, several established student information system (SIS) market players have developed new versions of SIS that are much more advanced than the versions that came out two or three years ago.
• Hence, the demand for SIS is expected to grow significantly during the forecast period as most educational technology solutions come to an alternative stage.
• This is observed especially in the higher education segment of developed countries such as the US and the UK. 

Recent trends influencing the market- 

• Technological advancements in AI are an emerging SIS market trend.

Major challenges hindering the market growth-

• Threat from open SIS challenges the growth of the student information system (SIS) market Drivers, Trends, and Challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

What are the key data covered in the Student Information System Market reports:

• Historic Market size
• Company landscape and analysis including Anthology Inc., Beehively, Blackbaud Inc., Boardingware International Ltd., Eduware ntc, Ellucian Co. LP, Foradian Technologies, Gradelink Corp., Illuminate Education, Infinite Campus Inc., Jenzabar Inc., Oracle Corp., PowerSchool Holdings Inc., Salesforce Inc., Skyward Inc., Teachmint Technologies Pvt. Ltd., The Tribal Group Plc, Thesis Cloud, VidalinksLLC, and Workday Inc.
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1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by End-user

7 Market Segmentation by Deployment

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

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SOURCE Technavio