K-12 Student Information System Market Size, Industry Analysis Report By type (Cloud –based, On-premise), By technology (K-12, Pre-K) & Region – Forecasts
- PUBLISHED ON
- 16/08/2022
- NO OF PAGES
- 234
- CATEGORY
- Banking & Finance
A computer system called Student Information System (SIS) manages several types of student data. Students' records may be accessed, updated, and reported on by authorised staff members via the SIS. The system furthermore gives many other computer systems the necessary data. Through these platforms, information like grades and attendance history is monitored. The K-12 SIS, which is a feature that distinguishes these resources from higher education SIS, is frequently accessible to parents.
Global K-12 Student Information System Market- Overview
The Global K-12 Student Information System Market is presently worth USD 47551.75 million and is poised to amplify at a CAGR of 17.25% over 2022-2030, thereby amassing a valuation of USD 82932.51 million by end of the assessment timeline.
The improvement in educational quality as well as the industry's growing predisposition toward e-learning and increased digitalization are factors in the expansion.
Due to the strong demand for online education, the COVID-19 pandemic epidemic is anticipated to increase demand for Student Information System (SIS). 1.3 billion students worldwide, according to UNESCO data, were unable to attend their educational institutions in March 2021 and required online education to continue paying their tuition for the 2020–2021 academic year. In order to address a situation such to this in the future, the usage of eLearning technologies is anticipated to steadily expand after the COVID-19 pandemic.
The development of the Internet of Things (IoT), edge computing, and 5G communications has further boosted industry growth. Analytics, mobile analytics, mobile applications, behaviour tracking, and cloud accessibility are the main areas of focus for advanced student information systems.
Numerous mobile apps are being added as a result of the expansion in connected mobile devices for the convenience of both students and their parents.
Global K-12 Student Information System Market- Key trends
Enhanced consumer satisfaction and educational excellence will help the market growth
By giving parents, teachers, students, and the authorities a platform for effective communication, SIS helps institutions to raise the standard of education. The system keeps track of a student's information, course subscriptions, and results. To maximise their return on investment, many institutions are customising their administrative infrastructure systems. SIS and LMS are so favoured over ERP solutions due of their affordability, simplicity, and accessibility.
Increased demand for customised solutions will drive the market expansion
Institutions have been looking for best-of-breed (BoB) point solutions in recent years to either replace or improve their current systems. Institutions are purchasing and integrating parts from several vendors, including the student information system (SIS), a finance and/or human resources and payroll system, and a research administration system. These adjustments are made by educational institutions to increase their effectiveness, competitiveness, adaptability, and agility.
Global K-12 Student Information System Market- Segmental assessment
By type
• Cloud -based
• On-premise
• Others
By technology
• K-12
• Pre-K
k-12 segment hold the largest market share, and is expected to grow in the upcoming years.
Global K-12 Student Information System Market- Geographical landscape
The major regions constituting the geographical ambit of this business sphere are North America, Middle East & Africa, Europe, Asia Pacific, and South America. Among these, North America is projected to capture a substantial revenue share over 2022-2030. Due to the presence of numerous SIS providers, the greatest rate of technological adoption, investments in research and development activities, and the accessibility of technical talent, North America will continue to lead the global K–12 Student Information Systems (SIS) market.
Global K-12 Student Information System Market- Competitive landscape
The prominent companies defining the competitive terrain of this marketplace are Skyward, PowerSchool, Illuminate Education, Moment Â, Harris School Solutions, Infinite Campus, Tyler Technologies, IGradePlus, and Cheqdin.
Report scope
Global K-12 Student Information System Market: Historical Years- 2018-2021
Global K-12 Student Information System Market: Forecast Years- 2022-2030
Global K-12 Student Information System Market 2022- USD 47551.75 million
Global K-12 Student Information System Market 2030- USD 82932.51 million
Global K-12 Student Information System Market CAGR- 17.25%
Key segments covered-
• By type (cloud-based, on-premise, and Others).
• By technology (K-12, pre-K, and others).
Major regions and countries reported-
• North America (U.S., Canada, and Mexico)
• South America (Brazil, Argentina, and Colombia)
• Europe (Germany, U.K., France, Italy, Spain, and Russia)
• Middle East & Africa (UAE, Saudi Arabia, Egypt, and South Africa)
• Asia Pacific (China, Japan, India, Australia, South Korea, and ASEAN)
Top players profiled- Skyward, PowerSchool, Illuminate Education, Moment Â, Harris School Solutions, Infinite Campus, Tyler Technologies, IGradePlus, and Cheqdin.
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One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
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Conclusion
The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.
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