LONDON--(BUSINESS WIRE)--Technavio analysts forecast the global student information management systems (SIMS) market to grow at a CAGR of close to 15% during the forecast period, according to their latest report.
The research study covers the present scenario and growth prospects of the global SIMS market for 2016-2020. The report segments the market by end-user into two segments which are higher education and pre-K to primary with the higher education segment accounting for over 70% of the market share in 2015.
Technavio education research analysts highlight the following four factors that are contributing to the growth of the global SIMS market:
- Automation of workflow
- Inclusion of multiple stakeholders
- Operating cost savings
- Replacement of legacy system
Automation of workflow
Progressive institutions have begun to make the most of technology to enhance the teaching-learning experience so as to ensure quality education. According to Jhansi Mary, a lead analyst at Technavio for education technology, “An increasing number of educational institutions are interested in adopting SIMS. This is because it provides an effective online alternative to the traditional way of managing student-related data.”
Manual methods of data management faced multiple problems such as data redundancy, inaccurate data entry, lack of available security checks, and rigidity to access and change data. With the help of SIMS, institutes can maintain a centralized database for collecting, storing, and managing data. It also facilitates data extraction for teachers and administrators as well as students. As a result, the SIMS software is gaining momentum and should witness steady growth during the forecast period.
Inclusion of multiple stakeholders
The SIMS software is designed and developed in a manner to benefit almost all the stakeholders of the education ecosystem which include districts, parents, and state systems along with the faculty and the administrative department. For instance, the software allows parents to gain access to real-time information about their child’s academic performance. They can log in and check for attendance, schoolwork, and participation in extracurricular activities. Similarly, state districts too can access student information such as enrollments and grade cards. Thus, each stakeholder can substantially benefit from the implementation of SIMS in the education system. Parents will have updated information pertaining to the child’s learning process while districts and governments can use this data to see the overall trend in the education system and develop proactive education development initiatives.
Operating cost savings
In educational institutions a significant amount of data is generated through activities such as student admission, registration, class schedule creation, and examinations. Manually representing and maintaining data consumes critical time and cost. With the help of SIMS, data is captured electronically and helps administrators and other back office departments streamline various activities. It also facilitates the process of creating reports as per the needs of institutions. There is also a significant environmental benefit achieved because of reduced use of paper for report creation and data maintenance. Thus, SIMS saves costs on operational activities which is attracting educational institutions to deploy the software.
Replacement of legacy system
Vendors are developing software for advanced reporting, real-time integration, and customization. These functionalities are major requirements for all the stakeholders in the education sector. “The vendors work closely with universities and schools and provide them with customized solutions that best fit their needs. This is encouraging users to replace previously deployed software with advanced and current versions. As a result, there is a significant opportunity for market growth,” says Jhansi.
Browse Related Reports:
- Curriculum and Data Management Market in the US 2016-2020
- Global Education Content Management Market 2016-2020
- Global Classroom Collaboration Management Systems Market 2015-2019
Do you need a report on a market in a specific geographical cluster or country but can’t find what you’re looking for? Don’t worry, Technavio also takes client requests. Please contact firstname.lastname@example.org with your requirements and our analysts will be happy to create a customized report just for you.
Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
If you are interested in more information, please contact our media team at email@example.com.