Global Student Information System Market was valued US$ 4.0 Bn in 2019 and is expected to reach US$ 10.59 Bn by 2027, at CAGR of 12.94% during forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
The global student information system market is driven by various factors, like the rising focus of educational institutions to improve education quality and customer fulfillment, widespread government creativities, and technological advancements. However, lack of awareness among the educational organizations is limiting the growth of market.
On the basis of user type segment, Higher education student information system was the most dominant segment in 2016 and is projected to remain so over the forecast period. Growth in the number of universities, acquiring educational hardware like projectors, tablets, interactive whiteboards, swapping to digitized content, implementing social learning and gamification is driving the student information system globally. Political developments and regional education which impacts the enrollment of students is projected to validate the disposition of student information system over the forecast period.
On the basis of Component segment, Educational institutions are looking for a solution that can easily align with their internal processes and improve its efficiency. With the increased focus on operational efficiency of educational institutions, the demand for the global student information system is increasing across the globe. Organizations leverage student information system to improve the quality of education while keeping the expenses minimum.