Global K-12 Student Information Systems Market

Global K-12 Student Information Systems Market

Market Definition

Student information market is growing due to accelerating demand for robust solution to manage day-today processes of educational institutions. The market is anticipated to grow due to adoption of digital technologies such as cloud, IoT, analytics, big data which are used to manage various activities of educational institutions. Student Information System (SIS) is a computer system that handles a variety of information about students. Registered staff members may use SIS to access, update, and report on student records. The system also provides the requisite information to a variety of other computer systems. Information such as grades and attendance records are monitored via these platforms. Parents often usually have access to 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 to connect directly. This helps the teacher to keep the parent up-to-date with their child's social and academic success in the classroom. Some of the biggest players operating in the K-12 student information systems market include PowerSchool SIS

Skyward, Illuminate Education, Inc., Gradelink, Facts.

Key Segmentations

The global K-12 student information systems market can be segmented based on type, application and region: Based on type, the K-12 student information systems market can be segregated into cloud-based and Web-based. Cloud-based SIS offers integrated web report card and mobile-ready parent and students’ portals. These provide scalability and flexibility of cloud technology, control over data centers and security features. Cloud-based server hosts institutions’ applications offsite with the help of virtual technology. Web based software is higher in cost since an enterprise needs to purchase a license of the software and the software resides within the premises of the institution. In terms of application, the K-12 student information systems market can be bifurcated into K-12 and Pre K. The K-12 segment is likely to hold a major share of the K-12 student information systems market during the forecast period. In terms of region, the K-12 student information systems market can be classified into Americas, Europe, Asia Pacific and Middle East & Africa.Market Size 2014: USD 21557.88 Million 2019: USD 35,291.0 Million 2024: USD 78,198.1 MillionCAGR (2019 – 2024) 17.25%Key Geographies Americas Asia-PacificKey Product Cloud-based Web BasedKey Applications K-12 Pre-KKey Market Drivers Enhanced education quality and customer experience Investments in the education sectorKey Market Opportunities Constant development in the functionality of the system Mounting requirements for efficient methodsMajor Players/ Companies PowerSchool SIS Skyward FACTS