SIMS: Key market research findings
- Automation of workflow drives market growth
- North America dominates the market geographically
- Key vendors – Jenzabar, Oracle, Skyward, and Unit4
Technavio’s market research analysts predict the global SIMS market to grow at a CAGR of around 15% between 2016 and 2020. The automation of workflow in the education sector is augmenting the demand for student information management systems (SIMS) in the market. With the help of SIMS, institutions are able to maintain a centralized database for collecting, storing, and managing data. At present, North America dominates the global student information management systems market by accounting for around 58% of the market share. The emphasis on management of the entire process of school-related activities through online platforms by government and institutional initiatives is anticipated to boost growth in the student information management market in North America during the forecast period.
The new market research report from Technavio presents a breakdown and analysis of the SIMS segments based on the end-user.
“The integration of SIMS with mobile devices is an ongoing trend in the market. Vendors are capitalizing on the growing adoption of mobile devices in the education industry through the integration of the SIMS software with such devices. This combination has various advantages such as real-time check of grades, course schedules, family calendar, fee transactions, and notifications,” says Jhansi Mary, Lead Analyst, Education, Technavio Research.
During 2015, the higher education segment dominated the global SIMS market by occupying close to 71% of the overall market share. The increased use of mobile devices in classrooms and the support extended by the higher educational institutions to BYOD policies are expected to fuel growth in the SIMS market for the higher education segment during the forecast period. Furthermore, SIMS providers are developing mobile compliant versions of software that are compatible with different operating systems (OS) and devices such as tablets and smartphones.
The key vendors in the market include Jenzabar, Oracle, Skyward, and Unit4. The SIMS market accommodates a large number of international as well as regional players. SIMS providers have capitalized on the growing needs and demands of institutions while generating revenues. With the increase in the number of partnerships among software developers and mobile service providers, the competition in the market is expected to intensify during the forecast period. Vendors are entering into partnerships with IT service providers to enhance cloud services for schools.
A more detailed analysis is available in the Technavio report, Global SIMS Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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