The global student information system market size is estimated to be USD 10.2 billion in 2022 and is projected to reach USD 20.5 billion by 2027, at a CAGR of 14.9% during the forecast period. The need to streamline administration processes and rising adoption of cloud-based systems are the key factors driving market growth.
The key market players that dominate the Student information system market include Oracle (US), Workday (US), Ellucian (US), PowerSchool (US), Jenzabar (US), Skyward (US), Tribal Group (UK), Illuminate Education (US), Arth Infosoft (India), and Focus School Software (US). These players have adopted various strategies such as new product launches and enhancements, partnerships, collaborations, and acquisitions to grow in the Student information system market.
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Oracle is one of the major providers of enterprise software, computer hardware products, and cloud services. In the student information system market, Oracle offers Oracle Student Cloud, which offers a comprehensive approach to managing the student lifecycle, communications, and relationships, from recruiting through alumni and donor management. In October 2019, Oracle collaborated with the Pennsylvania State University to support their “One Penn State 2025” strategic vision. Oracle SFP Cloud would help to transform education delivery, focusing on student engagement and support, and reduce the cost of education.
Workday is a leading provider of enterprise cloud applications for finance, HR, and planning. In the student information system market, Workday offers Workday Student. Key benefits of Workday Student include engaging students throughout their journey and providing mobile experiences, enabling students to plan courses and understand academic eligibility and progress, and empowering students, faculty, and staff through self-service and a user-friendly interface. In May 2020, Workday partnered with Microsoft to enable its Workday Adaptive Planning application to run on the Microsoft Azure cloud.
Student Information System Market with COVID-19 Impact by Component (Solutions (Enrollment, Academics, Financial Aid, and Billing) and Professional Services), End User (K-12 and Higher Education), Deployment Mode and Region - Global Forecast to 2027
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