LONDON--(BUSINESS WIRE)--Technavio’s latest market research report on the global student information system (SIS) market provides an analysis of the most important trends expected to impact the market outlook from 2018-2022.
According to Technavio analysts, the global student information system market will grow at a CAGR of over 16% during the forecast period. The increase in replacement activities is a major factor driving the market’s growth.
The user base for SIS has significantly increased due to the growing adoption of education technology solutions. However, the life cycle of the traditional SIS has reduced significantly owing to the rapid advancements in SIS features. Several educational institutions that have implemented the earlier versions of SIS are facing difficulties in terms of features such as the time stipulated in entering the data and analyzing the results from data entry. Institutions are also facing challenges such as integration issues while deploying new versions. Moreover, the increasing enrollments of students and rising demand for additional courses are influencing educational institutions to deploy systems with improved features, such as real-time integration.
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In this report, Technavio highlights the technological advancements in AI as one of the key emerging trends in the global student information system market:
Technological advancements in AI
Advancements in AI systems enable mining of large amounts of data, which can help in discovering patterns that, in turn, help to formulate strategic decisions. The patterns determine the growth rate and issues are detected earlier; therefore, AI in SIS provides better recommendation and support. By helping institutions in realizing key operational efficiencies, AI is becoming the core element in SIS. Also, it benefits institutions by supporting the data analysis to deliver effective and proactive services.
“It is estimated that investments in SIS are increasing substantially owing to the growing demand from regions such as APAC and MEA. It would be critical for educational institutions to seek solutions for storing the data and making decisions based out of these data as the enrollment of students is expected to increase. Incorporation of AI in SIS would be a crucial component in attaining goals and missions of educational institutions. Increasing institutions that would look for innovative SIS service providers is expected to drive the growth of AI in the SIS market,” says a senior analyst at Technavio for research on education technology.
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Global student information system market segmentation
This market research report segments the global student information system market into the following end-users (K-12 and higher education) and key regions (the Americas, APAC, and EMEA).
The K-12 segment of the global SIS market is expected to grow substantially owing to the rise in adoption of the system in emerging economies. In addition, the growth of international schools in emerging economies is facilitating the growth of the global SIS market.
In 2017, the Americas had the largest market share, and the region is likely to continue dominating the market during the forecast period. EMEA and APAC are expected to grow at a significant rate during the forecast period.
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