The North America Student Information System Market would witness market growth of 12.4% CAGR during the forecast period (2021-2027).
Educational institutions and universities utilize SIS solutions to gather, organize, and analyze data such as student attendance, class performance, examination results, assessment scores, and other personal information. Educational institutions can use the solutions to manage student data and other administrative tasks. Educational institutions are technologically modernizing their infrastructure in the age of digitalization, the ubiquity of mobile devices, high internet penetration, and the use of social media platforms. Online education has experienced extraordinary growth due to its better flexibility, cost savings, and convenience when compared to traditional classroom instruction. In the long run, the growing number of professional online certification courses and e-learning applications is projected to fuel SIS market expansion in order to support such non-conventional educational programs.
North America is influencing the global student information system market. The growth of this region is affected by various factors such as an increase in the number of higher education institutions. North America has been very keen on adapting advanced and new technologies. The major players of this region are turning towards upgrading the SIS software along with new technologies which would help them in sustaining their position.
Cloud, IoT, mobility, big data, analytics, and digital transformation are among the most widely adopted technologies in North America. Some of the reasons contributing to the market's growth in North America are the presence of a large number of student information system solution vendors, ongoing technological improvements, and the availability of proficient technical talent.
The US market dominated the North America Student Information System Services Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $1,271.9 million by 2027. The Canada market is experiencing a CAGR of 17.7% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 16.8% during (2021 - 2027).
Based on Component, the market is segmented into Software and Services. Based on Deployment Type, the market is segmented into Cloud and On-premise. Based on Application, the market is segmented into Admission & Recruitment, Student Engagement & Support, Student Management, Financial Management and Others. Based on End User, the market is segmented into Higher Education and K-12. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Student Information System Market is Estimated to Reach USD 18.7 Billion by 2027 at a CAGR of 14%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include SAP SE, Oracle Corporation, Siemens AG, Dassault Systemes SE, IBM Corporation, Hewlett Packard Enterprise Company, Accenture PLC, Autodesk, Inc., Tata Consultancy Services Ltd. and Infor, Inc.
By Component
By Deployment Type
By Application
By End User
By Country
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