The global student information system (SIS) market size was valued at USD 8.05 billion in 2022 and is anticipated to experience substantial growth, projected at a compound annual growth rate (CAGR) of 20.3% from 2023 to 2030. This robust expansion is largely driven by the increasing digitalization within the education sector, a growing preference for e-learning solutions, and ongoing efforts to improve the quality of education. The COVID-19 pandemic has significantly accelerated the demand for Student Information Systems, as educational institutions swiftly transitioned to online learning to accommodate learners unable to attend physical classes. According to data published by UNESCO, in March 2021, approximately 1.3 billion learners globally were affected by school closures and required online education to continue their studies for the academic year 2020-2021. The pandemic catalyzed the adoption of eLearning technologies, a trend that is expected to persist as institutions seek to prepare for potential future disruptions.

In response to these challenges, governments around the world are making substantial investments in the education sector. Educational institutions are increasingly adopting solutions such as Enterprise Resource Planning (ERP) systems, eLearning platforms, and Learning Management Systems (LMS) to optimize their internal processes, ensure high-quality education, and elevate educational standards. A notable trend is the implementation of SIS to enhance communication and collaboration between students, parents, and educators. These systems enable institutions to effectively track student progress and facilitate the generation of educational content tailored to individual learning needs. For instance, in July 2021, Ellucian, a prominent information technology service provider, announced a partnership with The British and Irish Modern Music Institute (BIMM) Group to implement the Ellucian Banner Student system alongside Ellucian Managed Cloud. This SIS solution aims to streamline various functions, including registration, advising, grading, enrollment, and course planning.

Many educational institutions and universities leverage student information solutions to analyze vital data such as student attendance, class performance, examination results, and assessment scores, alongside personal information. These systems are invaluable for managing student-related data and various administrative tasks. In this digital age, the widespread use of mobile devices, high internet penetration, and the proliferation of social media platforms compel educational institutions to adapt to new learning paradigms. The unprecedented growth of online education is attributed to its flexibility, cost-effectiveness, and convenience compared to traditional classroom settings. For example, in July 2021, Skyward, a provider of school management software, announced its partnership with Tooele County School District in Utah, U.S., to implement a Student Management System (SMS) aimed at modernizing the district’s student data management and related activities.

Gather more insights about the market drivers, restrains and growth of the Student Information System Market

The advancement of technologies such as Artificial Intelligence (AI) and big data analytics within student information systems is further enhancing operational efficiency and enriching the digital experience for users. Additionally, SIS solutions increasingly incorporate Robotic Process Automation (RPA) and machine learning capabilities, allowing for the automation of routine administrative tasks. This automation not only reduces the workload on staff but also allows them to devote more time to meaningful interactions with students. As mobile devices continue to permeate various demographics, the integration of mobile applications into SIS solutions is becoming more prevalent, improving accessibility for both students and parents. The trend towards mobile accessibility, combined with the migration to cloud-based solutions, is likely to spur further integration of AI into SIS applications, fostering market growth over the forecast period.

End-use Insights

In 2022, the higher education segment emerged as the dominant force in the SIS market, capturing a substantial revenue share of 63.4%. This segment is projected to register the fastest CAGR of 20.5% throughout the forecast period. Several factors contribute to this growth, including the increasing number of universities globally, the rise in educational hardware such as virtual reality headsets and interactive whiteboards, and a shift toward digitized learning content. The incorporation of gamification strategies in educational practices is also driving segment expansion. The scalability and flexibility provided by online learning platforms further enhance this growth. For instance, in June 2021, the University of Illinois Urbana-Champaign's Grainger College of Engineering partnered with IBM Corporation to bolster workforce development and research initiatives across several domains, including AI/machine learning and quantum information technology.

The K-12 segment is also poised for significant growth, anticipated to register a CAGR of 20.0% over the forecast period. Factors fueling this growth include evolving student demographics, an increased demand for skill-oriented education, and the expansion of online and distance learning options, particularly in emerging economies such as those in the Asia Pacific and Africa. Many K-12 student information systems feature SMS capabilities that facilitate direct communication between teachers and parents. This feature helps keep parents informed about their child’s social and academic progress. Furthermore, the creation of a Next-Gen Digital Learning Environment (NGDLE) and the heightened adoption of e-learning methods in primary education worldwide have encouraged SIS vendors to tailor their offerings to meet the specific needs of the K-12 demographic.

Overall, the SIS market is positioned for dynamic growth, driven by technological advancements and evolving educational practices aimed at improving learning outcomes and operational efficiencies.

Order a free sample PDF of the Market Intelligence Study, published by Grand View Research.