Global Student Information Systems Market Report 2022: Market to Reach $19.2 Billion by 2026 – Rising Adoption of BYOD Model to Increase Uptake of SIS – QNT Press Release

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DUBLIN, June 8, 2022 /PRNewswire/ — The “Student Information Systems – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.

Global Student Information Systems Market to Reach $19.2 Billion by 2026

The global market for Student Information Systems estimated at US$7.8 Billion in the year 2020, is projected to reach a revised size of US$19.2 Billion by 2026, growing at a CAGR of 15.5% over the analysis period.

Student Information Systems (SIS) are sophisticated web-based information management software solutions that help educational establishments in achieving a highly structured and conducive information exchange environment to integrate administration and manage student data.

The increasing adoption of these solutions is attributed to growing focus of educational institutions to improve education quality and ensure efficient communication among authorities, faculties and students. These systems are gaining from rising proliferation of mobile devices and the Internet, penetration of e-learning and popularity of over-the-top media services. T

he market growth is also bolstered by emergence of the Internet of Things, edge computing and 5G telecommunication. Advanced student information systems focus on analytics, mobile applications, behavior tracking and cloud accessibility. The explosion of connected mobile devices is facilitating addition of numerous mobile apps for increasing convenience for students and their parents. In addition, ongoing trends like migration to cloud and mobile accessibility are fostering integration of artificial intelligence to these applications.

Solutions, one of the segments analyzed in the report, is projected to grow at a 14.2% CAGR to reach US$15 Billion by the end of the analysis period.

After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Services segment is readjusted to a revised 19% CAGR for the next 7-year period.

This segment currently accounts for a 24.4% share of the global Student Information Systems market. Market growth …

Full story available on Benzinga.com

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