Student Information System Market Size, Share, Industry, Forecast and outlook (2024-2031)

Global Student Information System Market is Segmented By Deployment (Cloud, On-premise), By Components (Software, Service), By Application (Financial Management, Student Management, Student Engagement & Support, Admission & Recruitment, Others), By End-User (K-12, Higher education), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

Student Information System Market Size

Global Student Information System Market reached USD 10.3 billion in 2022 and is expected to reach USD 23.6 billion by 2030, growing with a CAGR of 15.1% during the forecast period 2024-2031. With various advancements witnessed in technology, the student information system has evolved from traditional paper-based systems to web-based and cloud-based solutions.

The modern systems offer greater accessibility, scalability and integration capabilities, which makes them more affordable for adapting in educational institutions.

Furthermore, the continuous advancements in technology have made it easier for educational institutions to adopt and implement student information systems. Cloud deployment is expected to hold around 50% of the global market. Cloud-based solutions and mobile applications provide user-friendly interfaces which made student information system more accessible and efficient for schools, teachers, students and parents.

For instance, on 10 May 2023, PowerSchool, a leading provider of cloud-based software for K-12 education has been selected by the Puerto Rico Department of Education to implement their student information system as part of a comprehensive suite of solutions to modernize their education system. The adoption of PowerSchool's student information systems will allow PRDE to efficiently manage various aspects related to their schools and students, including scheduling, attendance, compliance reporting, data management, registration and grade management.

Student Information System Market Scope

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Market Dynamics

Government Initiative Boosts Student Information Systems

As countries are shifting more towards digitalization, which rapidly evolving educational landscape, educational institutions. Governments are heavily investing in the education sector. The investments are directed by the government towards adopting modern and innovative technologies to enhance the quality of education and improve internal processes. Various edge-cutting solutions like Enterprise Resource Planning, eLearning platforms, Learning Management Systems and smart education tools have been implemented to achieve these goals.

For instance, on 18 July 2023, Tamil Nadu state government has introduced a portal called TN EMIS (Tamil Nadu Education Management Information System) which efficiently manages student data, school profiles and information about teaching and non-teaching staff in schools. The main objective of this initiative is to centralize all education-related data and streamline the process of data submission to the state education department.

Smart Schools Drive Student Information Systems Growth 

Growing demand for smart schools, educational institutions need scalable solutions to accommodate increasing student populations and evolving requirements. Student information systems provide platforms that offer flexibility to adapt to various options that include maintaining academic records and the attendance history of students and teachers.

For instance, on 20 July 2023, Fawry for Banking Technology and Electronic Payment (FWRY) has teamed up with Smart Schools, a student information system, to launch an e-payment portal. The collaboration aims to provide Smart Schools with innovative digital solutions offered by Fawry to securely and conveniently collect school fees. 

As part of the partnership, Fawry digitizes more than 625 smart schools, making the latest e-payment solutions available to approximately 2.4 million students through various channels, including points of sale, Fawry plus branches and the myFawry app. The initiative is expected to streamline the payment process for both schools and students, enhancing the overall educational experience.

Implementation and Maintenance Cost

Implementation and maintenance of student information systems are complex and time-consuming, especially for larger educational institutions. Integrating various modules, ensuring data accuracy and providing training to staff to use the system effectively can be challenging. Due to these factors, there is a downfall in the growth of the student information system.

Student information systems solutions are expensive to adapt when compared with traditional resources, especially for smaller schools or districts with limited budgets. The initial setup cost, ongoing maintenance and licensing fees can be significant which makes it difficult for some institutions to adopt and sustain the system.

Market Segment Analysis

The global student information system market is segmented based on deployment, components, application, end-user and region.

Rising Demand for Software Solutions Provided by Companies

The software component is expected to grow at the highest CAGR in the global student information systems market. The platform provides a centralized database that stores all student-related information, which includes academic records, attendance history, health data and more. The data is easily accessible by authorized personnel and this software helps an authorized person for making decisions and fosters better communication between teachers, parents and administrators

For instance, on 24 July 2023, Rediker Software, a renowned school administrative software provider recently launched a new mobile app for AdminPlus, their cloud-based student information system designed for K-12 schools. The app empowers school administrators to access student and staff data, attendance, grades, schedules and more conveniently on their Android or iOS devices. The dashboard presents attendance and infraction totals for the day, as well as enrollment numbers.   

Market Geographical Share

North America Focuses on Digital Transformation

In 2022, North America student information system is expected to hold around 1/3rd of the global market as it majorly focuses on digital transformation in education. Educational institutions in the region have recognized the importance of leveraging technology to enhance administrative processes, improve data management and streamline communication with students, parents and staff.

For instance, on 22 November 2022, North Callaway School District is undergoing some changes to enhance its student information systems services, The software they are using currently needs to be updated. The new software is expected to have integrated applications that will allow for more convenient online form submissions and parent submissions of student absences. Additionally, it will make it easier for teachers to update grade books.

Market Major Players

The major global players include Workday Inc Oracle Corporation, Ellucian Company L.P, Campus Management Corp, SAP SE, Jenzabar Inc, Skyward, Inc, Illuminate Education, Foradian Technologies and Beehive.

COVID-19 Impact Analysis

With the shift in remote and online learning during the pandemic, student information systems are being adapted to support virtual classrooms, attendance tracking and online grading. Schools and universities relied heavily on student information systems to manage student information, assignments and communication with students and parents.

During COVID there is the sudden transition to remote learning that resulted in an increased volume of digital data being generated and accessed through student information systems. Educational institutions had to address data management challenges related to storage, security and compliance to ensure student information remained protected and private.

AI Impact 

AI analyzes individual student data and learning patterns to tailor personalized learning paths. Student information systems powered by AI can recommend specific courses, resources and activities based on students' strengths, weaknesses and learning preferences. Algorithms in AI identifies student risk of falling any academic or facing social challenges.

For instance, there is an Artificial Intelligence Assisted Interactive Smart Education Framework (AIISE) for higher education. The framework utilizes AI to create an interactive system that enhances student engagement, fosters healthy student-teacher interaction and provides reliable learning materials. AIISE framework, the Student Information System (SIS) plays a crucial role in collecting and managing student data. It provides essential student information, such as academic records, attendance and performance analytics, which can be used as input for the AI-powered interactive system.

Russia- Ukraine War Impact 

The conflict and instability have accelerated the adoption of online learning platforms in Ukraine. With traditional educational institutions facing disruptions, online learning has provided an alternative means of delivering education to students, especially in conflict-affected areas. Digital technologies improved accessibility to educational resources for students and teachers. 

The conflict damaged infrastructure that includes communication networks and electricity supply, which hinders the implementation of digital technologies in certain regions. The economic impact of the war has strained the government's resources and made it challenging to allocate funds for large-scale digitization initiatives in the education sector.

Key Developments

• On 3 October 2022, Ellucian, a prominent provider of technology solutions for higher education institutions recently entered into a partnership with DVE Solutions, a higher education specialist consultancy. The purpose of this collaboration is to offer Ellucian Quercus, a cloud-based Student Information System, through DVE Solutions' reselling services.
• On, 4 December 2022, Iowa State University's Provost's Office announced a freeze on the university course catalog and graduate college handbook due to the implementation of a new student information system called Workday Student. The system is set to replace the current system by AccessPlus which is considered the largest IT deployment.
• On, 6 February 2023, Edtech company Ellucian introduced a new student ambassador program called EnlightenED to gather student feedback on its tools. The company aims to give students a platform to influence higher education technology and incorporate the student voice in their product development.

Why Purchase the Report?

• To visualize the global student information system market segmentation based on deployment, components, application, end-user and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development. 
• Excel data sheet with numerous data points of student information system market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The global student information system market report would provide approximately 69 tables, 66 figures and 181 Pages.

Target Audience 2024

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies