Technavio, a tech-focused market research firm, has published a new report on the global SIS market for higher education, which is expected to experience significant growth with a CAGR of almost 13% during the forecast period.
This latest report by Technavio covers the market outlook and growth prospects of the global SIS for higher education market for 2016-2020, considering 2015 as the base year. In addition, an overview of the market, key leading countries, vendor landscape, and a detailed analysis of the top vendors operating in this market are covered in the report.
Based on geographical division, Technavio market researchers segment the global SIS market for higher education into the following key regions: APAC, Europe, North America, and ROW.
Geographical segmentation of the global SIS market for higher education in 2015 (revenue generated in millions)
|
North America |
772.87 |
|
Europe |
412.95 |
|
APAC |
223.94 |
|
ROW |
149.70 |
Source: Technavio
North America: largest revenue generating region for SIS in higher education
The increased awareness in the region about the benefits of integrating SIS with the IT infrastructure of colleges and universities is the fundamental driving force behind the growth of the market. The increasing popularity of online courses, such as competency-based education models among universities, especially, in the US, is also contributing to the need for systems and solutions that can efficiently manage and archive the necessary student information. The growth of the SIS market for higher education in North America is expected to be driven by the rise in investments in education technology across the higher education segment in the region. The replacement of old and outdated legacy systems with newer and technologically advanced SIS is also a key driver for the growth of the SIS market for higher education in North America during the forecast period.
According to Jhansi Mary, a lead analyst at Technavio for research on educational technology “Advances in ICT are triggering an increase in investments made in educational software by higher educational institutions across the globe. The software is used for content creation and management as well as from providing instructional support to educators. In addition, there is also a noticeable rise in the demand for software that provides administrative support to higher educational institutions.”
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SIS market for higher education in Europe
A significant number of colleges and universities in Western Europe already have the ICT infrastructure necessary for the successful implementation of SIS owing to the availability of better technologies. The UK, Germany, France, and Spain are some of the Western European countries where the SIS market for higher education is flourishing. The SIS market is likely to gain traction in Eastern Europe during the forecast period and will be fueled by greater investments for the improvement of IT infrastructure and a shift from traditional to technologically advanced paradigms of education in the region. Western and Southern Europe are the fastest-growing regions because of their high learner base and stronger digital infrastructure. There’s a high demand for customized solutions and services in the European market as vendors in the global SIS market for higher education offer software as both stand-alone products and packages.
SIS market for higher education in APAC
APAC accounted for a market share of more than 13% during 2015 and is expected to showcase substantial growth during the forecast period with a CAGR of around 14%. Increased IT spending in the higher education segment in APAC countries is the primary driver for the growth of the SIS market for higher education in this region. Majority of the growth is expected to be registered from emerging nations like India and China. Other leading countries such as Japan, Myanmar, Thailand, Malaysia, Australia, and Vietnam are also likely to witness an increase in enrollments across the higher education sector, resulting in the high demand for SIS.
SIS market for higher education in ROW
During 2015, the SIS market for higher education in ROW accounted for a revenue of almost $150 million. The market in ROW is expected to benefit from the growing higher education market in the region and will post growth at a CAGR of more than 11%. Latin America, the Middle East, and North Africa are some of the regions with high potential for growth of the SIS market for higher education. The rising penetration of ICT in colleges and universities due to growing government initiatives is also expected to propel the adoption of SIS in ROW during the forecast period.
The top leading vendors operating in the global SIS market for higher education are:
- Campus Management
- Ellucian
- Jenzabar
- Oracle
- Unit4
Other prominent vendors in the market include Classe365, Anubavam, ComSpec International, ITG America, SAP, Tribal Group, and Workday.
A more detailed analySIS is available in the Technavio report titled, ‘Global SIS Market for Higher Education 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Cloud Computing Market in Higher Education 2016-2020
- Global Higher Education Game-based Learning Market 2016-2020
- Global Higher Education Market 2016-2020
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