Global $9 Bn Student Information System (K-12 and Higher Education) Market Forecast to 2023
Apr 15, 2019, 08:45 ET
DUBLIN, April 15, 2019 /PRNewswire/ -- The "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" report has been added to ResearchAndMarkets.com's offering.
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.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Growth Opportunities in the Student Information System Market
4.2 Market By Service, 2018
4.3 Market By Type, 2018
4.4 Market By Deployment Type, 2018
5 Market Dynamics
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Rising Focus of Educational Institutions to Improve Education Quality and Customer Satisfaction
5.2.1.2 Widespread Government Initiatives and Technological Advancements in Educational Sector
5.2.1.3 Increasing Awareness Among the Educational Institutions to Improve the Administrative Process
5.2.2 Restraints
5.2.2.1 Lack of Awareness Among Educational Organizations About the Student Information System
5.2.3 Opportunities
5.2.3.1 Increasing Demand Among the Educational Institutions for Improved Connectivity Among Various Stakeholders
5.2.3.2 Advent of IoT and Smart Education
5.2.4 Challenges
5.2.4.1 Integration Issues With Organizations' Internal Processes
5.2.4.2 Lack of Expertise and Infrastructure Among End Users
6 Student Information System Market, By Component
6.1 Introduction
6.2 Solution
6.2.1 Enrollment
6.2.2 Academics
6.2.3 Financial Aid
6.2.3.1 SIS Helps Manage Financial Aid, Scholarships, and Grants Quickly and Efficiently
6.2.4 Billing
6.3 Services
7 Student Information System Market, By Service
7.1 Introduction
7.2 Professional Services
7.2.1 Integration and Implementation Services
7.2.2 Consulting Services
7.2.3 Training, Support, and Maintenance Services
7.3 Managed Services
7.3.1 Managed Services Offering Round-The-Clock Visibility to IT Infrastructure and Providing Security Assessment and Monitoring of Applications, Systems, and Devices
8 Student Information System Market, By Deployment Type
8.1 Introduction
8.2 0n-Premises
8.2.1 On-Premises Deployment Making the Existing Infrastructure Viable, Thereby Eliminating the Costs of Infrastructural Changes
8.3 Cloud
8.3.1 Advantages of Easy Deployment, Hassle-Free Integration, Minimum Cost, and No Requirement for Preliminary Capital for Purchasing the Software Driving the Demand of Cloud Deployment Mode
9 Student Information System Market, By User Type
9.1 Introduction
9.2 K-12
9.2.1 Growing Use of K-12 Student Information System By Teachers, Students, and Parents to Access All Relevant Information Pertaining to A Student's Schooling
9.3 Higher Education
9.3.1 Growing Need to Track Information Such as Grades, Attendance Records, Admissions Information, and Financial Aid to Drive the Demand for SIS in Higher Education Institutes
10 Student Information System Market, By Region
11 Competitive Landscape
11.1 Competitive Leadership Mapping
11.2 Competitive Scenario
12 Company Profiles
- Arth Infosoft
- Campus Management
- ComSpec International
- Ellucian
- Focus School Software
- Foradian Technologies
- Illuminate Education
- Jenzabar
- Oracle
- PowerSchool
- SAP
- Skyward
- Tribal Group
- Unit4
- Workday
For more information about this report visit https://www.researchandmarkets.com/r/wbo6lt
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