The global student information system market size is expected to grow from USD 5.0 billion in 2018 to USD 9.0 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 12.4% during the forecast period. The growing demand from educational institutions to improve their operational efficiency and improve the business processes are some of the major factors driving the growth of the student information system market.
The major student information system vendors, include SAP (Germany), Oracle (US), Ellucian (US), Workday (US), Jenzabar (US), Unit4 (Netherlands), Skyward (US), Arth Infosoft (India), Tribal Group (UK), Campus Management (US), PowerSchool (US), Foradian Technologies (India), Illuminate Education (US), ComSpec International (US), and Focus School Software (US). These players have adopted various growth strategies, such as partnerships, agreements, and collaborations, and new product launches, to further expand their presence in the global student information system market. Partnerships and new product launches have been the most dominating strategies adopted by the major players from 2016 to 2019, which have helped them innovate their offerings and broaden their customer base.
To know about the assumptions considered for the study download the pdf brochure
Oracle is one of the leading players, offering student information system under its Oracle Student Cloud segment. Oracle is known for its end-to-end and robust offering in the student information system market. Oracle’s student cloud suite includes Oracle Student Management, Oracle Student Financial Planning, Oracle Student Recruiting, Oracle Student Engagement, and Student Support solutions. These offerings enable educational institutions to manage their various processes effectively and enhance the student experience at the same time. The company has also focused on the inorganic growth strategy to enhance its offerings in the student information system market. For instance, in May 2018, Oracle acquired Vocado, an education financing firm. This acquisition will help Oracle’s customers to manage students’ financial aid more strategically and solve academic complexities of students efficiently.
Workday is another major vendor in the student information system market. The company is recognized for its diversified product and service offerings in the student information system market. The company offers student information system known as Workday Student. The product offers benefits, such as enhanced visibility into student progress, student and faculty empowerment through self-service capabilities along with a user-friendly interface, increased engagement, with and adoption of mobile capabilities, efficient resource planning, and reduced costs. Workday is also focusing on enhancing its product portfolio by adopting new product launch strategy. For instance, in September 2016, Workday launched a cloud-based student information system, Workday Student. The cloud-based offering is more scalable and flexible, which helps the educational institutions to improve their efficiency while keeping the expenses minimal.
Related Reports:
Student Information System Market by Component (Solution and Services (Professional Services and Managed Services)), User Type (K-12 and Higher Education), Deployment Type (Cloud and On-Premises), and Region - Global Forecast to 2023
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]