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Student Management Systems Market - Global Industry Analysis, Size, Share, Growth Opportunities, Future Trends, Covid-19 Impact, SWOT Analysis, Competition and Forecasts 2022 to 2030
The global Student Management Systems Market size was valued at USD 7.41 Billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 19.0% from 2022 to 2030.
Student Management Systems Market Overview
Increasing digitization of the education industry, increasing propensity for e-learning, and improving quality of education have all contributed to this growth. The outbreak of the COVID-19 pandemic is expected to drive the demand for student management systems owing to the high demand for online education. According to data released by UNESCO, 1.3 billion learners worldwide will not be able to travel to their educational institutions in March 2021 and will need online education to continue paying tuition fees for the 2020-2021 academic year. The adoption of e-learning technologies gained traction during the COVID-19 outbreak and is expected to ramp up post-pandemic in response to similar situations in the future.
Emergence of Internet of Things (IoT), edge computing, and 5G telecoms are also driving market growth. Advanced student management systems essentially focus on analytics, mobile analytics, mobile apps, behavior tracking, and cloud accessibility. The explosion of connected mobile devices has led to the addition of numerous mobile applications that provide added convenience to students and their parents. Ongoing trends such as migration to the cloud and mobile accessibility are facilitating the integration of artificial intelligence into these applications.
The Student Management Systems has recently published by Contrive Datum Insights to its huge database which helps to shape the future of the businesses by making well-informed business decisions. It offers a comprehensive analysis of various business aspects such as global market trends, recent technological advancements, market size, shares, and new innovations. Furthermore, this analytical data has been compiled through data exploratory techniques such as primary and secondary research. Moreover, an expert team of researchers throws light on various static as well as dynamic aspects of the global Student Management Systems market.
Some Of the key players study are the
Different leading key players have been profiled to get better insights into the businesses. It offers detailed elaboration on different top-level industries which are functioning in global regions. It includes informative data such as company overview, contact information, and some significant strategies followed by key players: Blackbaud, Hero, PowerSchool, Infinite Campus, Skyward, Veracross, Boardingware, Ellucian, FACTS, Rediker Software., and others.
Industry Development:
- In February 2020, Ellucian partnered with OnePLM to enable digital transformation for higher education specialists.
- In February 2022, PowerSchool made improvements to its Naviance solution to help educators and students make informed decisions about college, career and life readiness.
- In July 2021, Ellucian launched Ellucian Experience, a SaaS-based, fully scalable user experience platform. The solution is now available in EMEA and APAC. Ellucian Experience simplifies daily tasks and access to essential information for all higher education institutions through a single application framework and personalized dashboards.
What are the major Applications, Types, and Regions for the Student Management Systems Market?
By Component:
- Solutions
- Enrollment
- Academics
- Billing
- Financial Aid
- Professional Services
- Training & Consulting
- Deployment & Integration
- Support & Maintenance
-
By Deployment Mode:
- Cloud
- On-premises
By End User:
- K-12
- Higher Education
Student Management Systems Market Regional Insights:
North America accounted for the largest revenue share of over 30% in the global market for student management systems by 2021. This growth is fueled by the growing adoption of emerging technologies such as IoT, cloud, big data, and digital transformation. The region is also benefiting from the introduction of advanced solutions from leading players and continuous efforts to upgrade student management system solutions with cutting-edge technology. For example, in October 2021, Jenzabar, Inc., a US-based higher education software solutions provider, launched Jenzabar Communications to help institutions eliminate communication silos and connect multiple departments on campus. Increasing preference for SIS deployment to create a safe and secure structure between students and school administration in universities is driving the growth of the regional market.
Asia Pacific is expected to be the fastest growing region during the forecast period. Governments in the region are taking steps to provide quality education and increase literacy rates, which is expected to aid market growth in the long run. For example, in February 2022, India's Universities Grants Commission (UGC) announced that more than 900 autonomous universities will offer online courses from July 2022. Through this initiative, the Indian government hopes to achieve a 50% gross enrollment ratio by 2035 in line with the National Education Policy (NEP) 2020. Additionally, the region may present potential opportunities for student management system vendors as educational institutions deploy digital solutions to improve operational efficiency.
Geographically, the global Student Management Systems market has been analyzed in various regions such as North America, Europe, Asia-Pacific, Latin America, the Middle East, and India. The global region is dominating this market in the upcoming future.
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- France
- Italy
- Spain
- UK
- Nordic Countries
- Denmark
- Finland
- Iceland
- Sweden
- Norway
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia-Pacific
- The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
Student Management Systems Market report scope:
Frequently Asked Questions (FAQ) about the Student Management Systems market:
What is the CAGR of the global Student Management Systems market?
The Student Management Systems Market is growing at a CAGR of 19% During Forecast Period.
Which region would offer high growth for vendors in the Student Management Systems market?
North America accounted for the largest revenue share of over 30% in the global market for student management systems by 2021.
Which Is the Most potential market segment?
By Component:
- Solutions
- Enrollment
- Academics
- Billing
- Financial Aid
- Professional Services
- Training & Consulting
- Deployment & Integration
- Support & Maintenance
By Deployment Mode:
- Cloud
- On-premises
Which are the top industry players in the Student Management Systems market?
Blackbaud, Hero, PowerSchool, Infinite Campus, Skyward, Veracross, Boardingware, Ellucian, FACTS, Rediker Software.
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