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Product Overview
Student Information System (SIS) is a computer system that handles a variety of information about students. Registered staff members may use SIS t--access, update, and report on student records. The system als--provides the requisite information t--a variety of other computer systems. Information such as grades and attendance records are monitored via these platforms. Parents often usually have access t--the K-12 SIS, which is a component that separates these resources from higher education SIS. Many K-12 student information systems provide an SMS feature that enables teachers and parents t--connect directly. This helps the teacher t--keep the parent up-to-date with their child's social and academic success in the classroom.
Market Highlights
Global K-12 Student Information Systems (SIS)Market is expected t--project a notable CAGR of 17.25% in 2024.
Global K-12 Student Information Systems (SIS)market t--surpass USD 78,198.13 million by 2024 from USD 35,291.01 million in 2019 at a CAGR of 17.25% in the coming years, i.e., 2020-24. The student information market is growing due t--the accelerating demand for a robust solution t--manage the day-to-day processes of educational institutions. The market is anticipated t--grow due t--the adoption of digital technologies such as cloud, IoT, analytics, big data which are used t--manage various activities of educational institutions.
Recent Highlights in Global K-12 Student Information Systems (SIS) Market
In November 2019, PowerSchool Completes Acquisition of Schoology, marking a Major Step Toward Bringing Enhanced Personalized Learning Technology t--K-12 Classrooms.
In April 2020, Alma Technologies announced the addition of Graduation Tracking t--its award-winning, comprehensive student information system platform. Alma's new Graduation Tracking feature helps create highly-flexible, completely customized graduation plans calibrated t--meet school and state requirements.
Global K-12 Student Information Systems (SIS) Market: Segments
Cloud-Based segment t--grow with the highest CAGR during 2020-24
Global K-12 Student Information Systems (SIS)market is segmented by type int--Cloud-Based and On-Premise. The cloud-based segment held the largest market share of XX.X% in the year 2019 as it removes difficulties in maintaining data and updating systems by enabling the customers t--focus on other important functions due t--its reliability, flexibility, and security. Cloud-based SIS offers integrated web report cards and mobile-ready parent and students' portals. Cloud-based server hosts institutions' applications are offsite with the help of virtual technology. Owing t--all these reasons, the cloud-based segment is anticipated t--drive the growth of the market in the coming years.
K-12 Segment t--grow with the highest CAGR of XX.X% during 2020-24
Global K-12 Student Information Systems (SIS) market is distributed by application int--K-12 and Pre-K. K-12 segment held the largest market share of XX.X% in the year 2019.K-12 is used t--refer from kindergarten t--12th grade that indicates the range of years of supported primary and secondary education.
Market Dynamics
Drivers
Enhanced education quality and customer experience
SIS provides a platform that develops efficient communication among parents, faculties, students, and the authorities that enables the institutions t--improve the quality of education. The system maintains a record of students' details, course subscriptions, and the final results.
Investments in the education sector
Rising investments in the education sector by both private and public organizations are proliferating the growth of the respective market. Besides, extensive research and development activities are als--driving the growth of the market.
Restraint
Low awareness among educational organizations
Dearth of expertise t--operate the SIS and lack of proper infrastructure t--support the system among end-users is expected t--hamper the growth of the global market. Besides, low awareness among educational organizations regarding the student information system is als--impacting the global market.
Global K-12 Student Information Systems (SIS)Market: Regions
Global K-12 Student Information Systems (SIS) market is segmented based on regional analysis int--five major regions. These include North America, Latin America, Europe, Asia Pacific, And Middle East Africa. Global K-12 Student Information Systems Market in North America held the largest market share of XX.X% in the year 2019. North America will continue t--dominate the global K-12 Student Information Systems (SIS) market due t--the presence of a large number of SIS vendors, the highest rate of adoption of technologies, investments in research and development activities, and availability of technical expertise are contributing t--the growth of the market in North America. Additionally, constant efforts by the educational institutions for transforming the management system t--offer efficient services are als--contributing towards the expansion of the market.
Global K-12 Student Information Systems (SIS)market is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR - United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR - Mexico, Argentina, Brazil and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR - United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
APAC Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR - India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
MENA Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR - North Africa, Israel, GCC, South Africa and Rest of MENA
Global K-12 Student Information Systems (SIS) Market: Key Players
Illuminate Education, Inc
Company Overview
Business Strategy
Key Product Offerings
Financial Performance
Key Performance Indicators
Risk Analysis
Recent Development
Regional Presence
SWOT Analysis
Alma
Boardingware
Campus Labs Platform
Ellucian
FACTS
Gradelink
NaviGate Prepared
PowerSchool Group LLC
Skyward
Other Prominent Players
Global K-12 Student Information Systems (SIS) market report als--contains analysis on:
K-12 Student Information Systems (SIS) market Segments:
By Type
Cloud-Based
On-Premise
By Technology
K-12
Pre-K
Global K-12 Student Information Systems (SIS)market Dynamics
Global K-12 Student Information Systems (SIS)market size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints