Student Information Management Market by Component (Solution and Service), By Deployment (Cloud Based and On-premises), By Application (Financial Management, Student Management and Admission & Recruitment and Others) and By End Use (K-12 and Higher Education): Global Market Size Estimates and Forecast (2022-2030)

Code: BMIRE00026507 | Pages: 100 | Industry: Technology, Media and Telecommunications | Date: Sep 2022 | Type: Global

The student information management market crossed US$ 10.22 billion mark in 2022 and is expected to hit US$ 20.82 billion by 2030, recording a CAGR of 14.4% during the forecast period.

 

STUDENT INFORMATION MANAGEMENT HAS BEEN SIGNIFICANTLY GROWING WITH THE HIGH ADOPTION OF CLOUD-BASED SEGMENT.

The student information management market growth is also supported by the emergence of the Internet of Things (IoT), edge computing, and 5G telecommunications. Advanced Student Information Systems primarily focused on analytics, mobile analytics, mobile apps, behaviour tracking, and cloud accessibility. The explosion of connected mobile devices makes it easy to add more mobile apps to make it more convenient for students and their parents. Ongoing trends such as cloud migration and mobile accessibility are driving the integration of artificial intelligence into these applications. Furthermore, the increasing emphasis of educational institutions on providing quality education and simplifying communication between teachers, students and parents in order to upgrade the educational infrastructure, is expected will promote the use of SIS software and services.

Within the report, the student information management market is segmented into component, deployment, application, end use and geography. By component, the student information management market is further segmented into solution and services. Based on application, the student information management market is segmented into financial management, student management and admission & recruitment. Based on deployment mode, the student information management market is divided into cloud and on-premises. Based on end user, the student information management market is divided into K-12 and higher education.  Geographically, the market is sub segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

GPU FRAMEWORK SOLUTION IS A FAR-REACHING TECHNOLOGY THAT EMPOWERS THE GROWTH OF ADMINISTRATIVE SOFTWARE.

Several schools and universities are consolidating their technology portfolios into an integrated software solution. The software helps institutions in the admissions process, collection of admission forms, registration and enrollment of students with a single data entry into a central database. However, several students study in universities around the world that have certain obligations that evaluate student applications according to various parameters that can be considered through the use of admission software, which is one of the main factors contributing to the growth of solution segment. The growth of the segment is due to digitization of payments, advanced analytics, ease of customization and reduction of administrative costs. In addition, these systems offer schools and universities a wide range of features that allow them to manage and control accounts more efficiently. In addition, it assists educational institutions in managing and processing financial aspects of employee payroll, tax calculations, special compensations, deductions, gross and net wages.

 

Rising adoption of SIM solution in Higher Institution is one of the major factors accelerating the student information management market growth.

The increase in the number of universities around the world, the proliferation of educational equipment (virtual reality headsets, podcasts and interactive whiteboards), the transition to digital educational content and gaming are driving the growth of the segment. Additionally, the scalability and flexibility offered by online learning platforms should support the growth of the segment in the coming years. For example, in June 2021, the University of Illinois Urbana-Champaign Grainger College of Engineering announced a partnership with IBM Corporation to expand the college's workforce and develop research in diverse areas such as AI/machine learning, quantum information technology, and environmental sustainability.

Recent strategic developments in Student Information Management market

The student information management market has undergone several significant developments, and a few of these have been mentioned below:

  • In November 2021, Campus Management Corp. announced that it has partnered with nonprofit organization “Together We Rise” to provide service opportunities for Anthology employees and financial support for Together We Rise initiatives. The partnership includes virtual service opportunities for Anthology staff to create educational kits for students in foster care, including back-to-school, technology and STEM packages. Additionally, product differentiation and innovation in the form of cloud services are expected to pave the way for companies to grow in the student information management market.
  • In January 2022, Illuminate Education has announced that it is partnering with the Association for Academic Supervision and Development (ASCD) to expand its CaseNEX course offerings (an online course by Illuminate Education) with ASCD resources such as the ASCD Activate Professional Learning Library.

 

The student information management market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Beehively, Campus Management Corp. (Anthology Inc.), Ellucian Company L.P, Foradian Technologies, Illuminate Education, Jenzabar Inc, Oracle Corporation, SAP SE, Skyward, Inc are among the prominent players operating in the student information management market.

Target audience for the report:

  • Education -related associations, organizations, forums, and alliances
  • Government bodies, such as regulating authorities and policy makers
  • Venture capitalists, private equity firms, and start-up companies
  • Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the market has been segmented:

  • Component - Student Information Management Market Outlook
    • Solutions
    • Services
  • Deployment Model - Student Information Management Market Outlook
    • Cloud
    • On-Premises
  • Application- - Student Information Management Market Outlook
    • Financial Management
    • Student Management
    • Admission & Recruitment
    • Others
  • Verticals ­- Student Information Management Market Outlook
    • K-12
    • Higher Education
  • Region- Student Information Management Market Outlook
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa
  • Companies profiled- Student Information Management Market Outlook
    • Beehively.
    • Campus Management Corp. (Anthology Inc.)
    • Ellucian Company L.P
    • Foradian Technologies
    • Illuminate Education

Companies profiled- Student Information Management Market Outlook
- Beehively.
- Campus Management Corp. (Anthology Inc.)
- Ellucian Company L.P
- Foradian Technologies
- Illuminate Education

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