Table of Contents
Market Overview
Technology and Innovation
Integration and Synergy
Camu’s Student Management System
Market Overview
According to a market analysis report by Grand View Research, the global student information system market size was valued at USD 7.92 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 16.6% from 2021 to 2028.
The adoption of eLearning technologies has gained major traction during the COVID-19 outbreak, which is forecasted to propel even further post the pandemic.
How so?
Well, this can be attributed to the rapidly evolving education landscape, the rising internet penetration rate, the increase in online instruction, and the growing use of smart devices.
Add to the above, the increased pressure on educational institutes to impart quality education and simplify the communication between faculty, students and parents.
And let’s not forget, the widespread initiatives by governments across the globe regarding the up-gradation of education infrastructure, policy, and training. For e.g., India’s National Education Policy 2020.
A new age of education has arrived.
And the SIS is spearheading this revolution.
In this blog, Camu takes you through the key insights and trends of the SIS market.
Technology and Innovation
There has been an unprecedented growth in online education, owing to the greater flexibility it offers, the cost savings it affords, the convenience it enables, and the accessibility it provides, as compared to traditional classroom learning.
The growing number of professional online certification courses, educational and skills programmes, e-learning applications and more, compounded by innovations in technology, are likely to empower the SIS market to greater heights.
Mobile-first applications, cloud-based systems, behaviour tracking features, and big data analytic capabilities, are currently driving the global SIS market.
The development of Artificial Intelligence, Robot Process Automation and Machine Learning is likely to make SIS software more engaging and interactive, thus augmenting students’ academic careers.
Institutions are leveraging the SIS to enhance the quality of education, whilst keeping expenditure low. Flexible pricing models, easy deployment rates, and 24/7 maintenance functions are some of the critical factors fostering the growth of the software segment.
When it comes to software installation, there is an inherent need to address the wide variety of technical issues present, furthermore, update the software periodically, thus boosting the service segment.
Cloud-based SIS is enabling educational institutions to impart improved educational experiences to students due to specialised/customised services.
Small to medium-sized institutions with less than 10,000 students are more likely than larger institutions to install a new product within the SIS market.
Demands for outcome-based education systems are growing alongside the need for the SIS.
Vendors are building learner engagement capabilities into the SIS applications, in order to transform the student information system into an integrated student lifecycle management system.
The development and increased usage of e-learning modules have encouraged SIS vendors to offer customized solutions to the K-12 demographic group.
While North America accounted for the highest SIS adoption in 2020, Asia Pacific is expected to emerge as the fastest-growing SIS market in the upcoming years.
Integration and Synergy
Do take into heed that a lack of awareness and willingness among institutions, along with a dearth of digital infrastructure and literacy skills, are some of the major obstacles restraining the growth of the SIS market.
Be it primary, secondary, or higher education, it is vital to have knowledge and understanding of diverse student profiles, growing expectations, and changing requirements.
We, at Camu, help institutions secure this acumen by empowering them to store, retrieve, manage, monitor, and analyze student data, with efficiency and privacy.
Our efficient Student Management System governs the entire student lifecycle – from enrolment to graduation – via the cloud! In this manner, all relevant stakeholders can access information in one place.
Our platform unifies the following functions:
Basic Administration – Admissions, Attendance, Fee Management, Internal Assessments, Digital Student Records, Student Services, Document Management, Student Advising, Alumni, Student Feedback and Survey, Graduation, and Staff Record.
Advanced Administration – Transportation, GPS Tracking, Visitor Management, Leave Management, Health Record, Payments Approval, Student Accommodation, Enquiries, and Inventory.
Choice Based Credit System – Flexible Enrolment.
What’s more, Camu offers a fully integrated SIS and LMS, enabling institutes to manage all their tasks under one roof.
For more information about the SIS, visit the ‘Solutions’ page on the Camu website.
