Student Information Systems Global Strategic Business Report 2024: Market size expected to reach $34.1 billion by 2030

Student Information Systems Market

Dublin, June 04, 2024 (GLOBE NEWSWIRE) — The “Student Information Systems – Global Strategic Business Report” report ResearchAndMarkets.com Recruitment.

Global Student Information Systems Market Expected to Reach $34.1 Billion by 2030

The global market for student information systems is estimated at USD 13.2 billion in 2023 and is projected to reach a revised size of USD 34.1 billion by 2030, growing at a CAGR of 12.5% ​​over the analysis period 2023-2030. Student information systems solutions, one of the segments analyzed in the report, is projected to register a CAGR of 11.3% and reach USD 22.9 billion by the end of the analysis period. Growth of the student information systems services segment is projected to grow at a CAGR of 15.5% over the next eight years.

The Student Information System (SIS) market is essential to foster a favorable environment for information exchange that benefits both administrators and students. Cloud-based SIS solutions are particularly advantageous and offer overwhelming advantages over traditional on-premise systems. The global SIS market is on a robust growth trajectory, driven by the rapid shift from traditional blackboards to smart technologies. This shift reflects the increasing adoption of digital tools in education and is a major driver of the market.

Cloud adoption is expected to maintain its dominant position in the SIS market due to its scalability, flexibility, and cost-effectiveness. The expanding student population across the world further expands the market opportunity for SIS technology. For example, the student population of some countries in the world in 2023 indicates a large market potential.

A look at the competitive landscape of the SIS market reveals that vendors are adopting both organic and inorganic strategies to capitalize on new opportunities. These strategies include mergers & acquisitions, partnerships, and continuous innovation to enhance their product offerings and increase their presence in the market. The SIS market is expected to witness significant growth due to technological advancements and the increasing demand for efficient student information management systems.

The US market is estimated at $4.3 billion, while China is predicted to grow at a compound annual growth rate of 15.8%.

The market analysis by component reveals that the solutions segment holds a dominant share in the SIS market. Regionally, North America dominates the market, while Asia-Pacific has emerged as a highly attractive region for growth opportunities. By 2030, the revenue breakdown shows that both developed and developing regions will see a significant increase in market share, with Asia-Pacific performing brilliantly.

The US student information systems market is estimated to reach USD 4.3 billion in 2023. China, the world's second largest economy, is projected to grow at a CAGR of 15.8% over the analysis period 2023-2030, reaching a market size of USD 4.0 billion by 2030. Other notable geographic markets include Japan and Canada, which are expected to grow at 10.2% and 11.1% respectively from 2023 to 2030. In Europe, Germany is projected to grow at a CAGR of around 12.1%.

The story continues

Key attributes:

Market Overview

• Student Information System – Market Share Percentage of Key Competitors Globally in 2023 (E)

• Student Information System (SIS): Fostering an information exchange environment that benefits administration and students

• Cloud-based SIS: Providing advantages over on-premise systems

• Student Information Systems Market Drawing Enviable Growth Chart With Favorable Performance: Global Market Outlook and Prospects

• Rapid change from traditional blackboard to smart technology: Key market drivers

• Cloud Adoption Maintains Its Advantage

• Rapidly Growing Global Student Population Creates Market Opportunities for Student Information Systems Technology: Student Population Worldwide by 2023 (Million)

• Analysis by component: The solutions segment holds a dominant share of the SIS market

• Regional Analysis: North America dominates, Asia Pacific performs well

• Asia Pacific offers attractive growth opportunities

• Global Student Information System Market by Region: Revenue Breakdown Between Developed and Developing Regions (2023 and 2030)

• Competitive Environment

• Vendors focus on organic and inorganic strategies to capitalize on opportunities

• Recent Market Trends

• Choose a global brand

Market Trends and Drivers

• Innovations improve functionality and features

• End-to-end enrolment management with SIS

• SIS simplifies student financial management

• Extremely convenient attendance management with SIS

• SIS technology offers a wide range of benefits and continues to expand its footprint

• SIS makes exam management easy

• SIS provides seamless library management

• SIS provides managers with the skills to effectively manage hostels

• Cloud platforms poised for huge growth

• K-12 schools and universities would benefit greatly from SIS

• Increased focus on e-learning expands addressable market

• SIS also benefits online tutoring centers

• A growing youth population will drive future demand

• Population aged 0-14 by country (million): 2023

• World youth population aged 15-24 (million) by region: 2017 and 2050

• The ongoing digital transformation in higher education bodes well

• Digital learning materials used in the classroom

• Integrating with your LMS makes your SIS more relevant

• Increasing adoption of BYOD model drives SIS adoption

• Worldwide Spending on BYOD, 2019, 2021, 2023, and 2025 (USD Billion)

Focus on the selected players(Total of 93 listings)

For more information on this report, please visit: https://www.researchandmarkets.com/r/btu7ms

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