• Student Information System Market worth $9.0 billion by 2023

According to the new market research report “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 student information system market is expected to grow from USD 5.0 billion in 2018 to USD 9.0 billion by 2023, at a CAGR of 12.4% during the forecast period. The growing demand for robust and end-to-end solution to manage the educational institutions’ internal process and improve their efficiency are some major factors driving the growth of the student information system market.

Recent Developments

  • In October 2018, Oracle released new cloud enhancements in its Oracle Student Cloud suite. This new enhancement includes Student Management product, which offers support for traditional programs. Moreover, Oracle announced integration for the customers of campus solutions to Oracle Student Financial Planning.
  • In October 2018, Ellucian partnered with Bluewater, a consulting services firm for learning and talent management systems. Bluewater offers implementation services to Ellucian customers leading to maximized technology investments and accelerated development of employees, partners, and students.
  • In May 2018, Oracle acquired Vocado, an education financing firm. Vocado offers student-centric and cloud-based financial aid for higher education institutions. Vocado solution would be integrated with Oracle Student Cloud platform to offer enhanced SIS capabilities to customers. This combination would help customers of both companies manage financial aid more strategically and solve academic complexities of students efficiently.
  • In September 2016, Workday launched its full cloud-based SIS Workday Student. The company is focused on offering multimedia and student success features. Workday Student includes student recruiting, admissions, curriculum management, student records, academic advising, financial aid, and student financials. Workday Student offers the benefits of simplified curriculum management, academic insight management, and automated financial aid.

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North America is expected to hold the largest market size and dominate the student information system market from 2018 to 2023. North America has the highest rate of adoption of technologies, such as cloud, IoT, mobility, big data, analytics, and digital transformation. The presence of a large number of student information system solution vendors, continuous advancements in technology, and availability of proficient technical expertise are some of the factors contributing to the growth of the market in North America. APAC is expected to provide lucrative opportunities for the student information system vendors, as the education institutions in APAC have started implementating the digital solutions to improve the operational efficiency. However, lack of expertise and infrastructure among the end users in various regions could affect the growth of the student information system market.

15 major vendors offer student information system solution and services across the globe, and they are 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).

SAP is a leader in offering an extensive set of solutions and services in the student information system market, caters to the needs of organizations across the globe. The company offers a student information system for efficient student life cycle management, student engagement, student and learning analytics, and institutional performance. The company offers solutions, such as SAP Student Activity Hub, SAP S/4HANA, and SAP Hybris Commerce. SAP Student Activity Hub helps customers improve educational results with a single view of student progress, collate data across systems, and perform advanced analytics for developing effective programs and processes. SAP S/4HANA offers simplified coordination, integrated services, and enhanced student engagement resulting in increased operational efficiency.

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