Rise in focus of educational institutions toward the improvement of education quality and to facilitate communication between students and faculty, parents and teachers, and within departments, and widespread government initiatives for technological advancements in the educational sector proliferates integration of various educational systems such as student management system, student information management system, and student records system.
These are the major factors that boost the student information system market growth. However, lack of awareness among educational institutes regarding student information systems is a major factor that restrains the growth of the student information system market.
The student information system market is segmented into component, deployment, end-user, and region. By component, it is bifurcated into solutions and services. By solutions, it is further sub-segmented into billing, enrollment, academics, and financial aid. By services, it is sub-segmented into managed services and professional services.
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In terms of deployment, it is divided into cloud and on-premises. On the basis of end users, the student information system market is classified into K-12 and higher education. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in the student information system market analysis are SAP SE, Workday, Inc., Jenzabar, Inc., Skyward, Inc., Tribal Group, Oracle Corporation, Illuminate Education, Ellucian Company L.P, Arth Infosoft Pvt. Ltd., Foradian Technologies, Campus Management Corp., and ComSpec International, Inc.
These players have adopted various strategies to increase their market penetration and strengthen their position in the industry. Current and future student information system market trends are outlined to determine the overall attractiveness of the market.
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