Student Information System Market
PUBLISHED: 2023 ID: SMRC22710
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Student Information System Market

Student Information System Market Forecasts to 2028 - Global Analysis By Deployment Mode (Cloud and On-Premises), Component (Solutions and Professional Services), Application (Financial Management, Student Management, Student Engagement & Support, Admission & Recruitment and Other Applications), End User and By Geography

4.6 (29 reviews)
4.6 (29 reviews)
Published: 2023 ID: SMRC22710

This report covers the impact of COVID-19 on this global market
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Years Covered

2020-2028

Estimated Year Value (2022)

US $10.2 BN

Projected Year Value (2028)

US $26.0 BN

CAGR (2022 - 2028)

16.9%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

Asia Pacific

Highest Growing Market

Europe


According to Stratistics MRC, the Global Student Information System Market is accounted for $10.2 billion in 2022 and is expected to reach $26.0 billion by 2028 growing at a CAGR of 16.9% during the forecast period. A student information system is web-based information management software created for educational institutions to implement a conducive and structured information exchange environment that unifies administration and aids in the management of student data. Software packages such as student management systems, student information management systems, student records systems, and others are commonly included in these systems. They may store and track all student information, such as attendance records, grades, academic records, and so on as well as to gain access to student information, make payments, and communicate with school functionaries.

According to the latest figures released by the UNESCO, 1.3 billion learners around the world were not able to attend schools, as of March 23, 2020. Many schools, colleges, and universities are closed across the globe.



Market Dynamics:

Driver:

Need to simplified administration procedures

There is a growing demand among educational institutions to optimise internal business processes and reduce time-consuming manual operations. To ensure proper retrieval of information across departments, academic institutions must improve their management of student information; assist academic institutions in properly managing business activities such as enrolment, academics, financial assistance, and billing. They aid in the management of student information in an orderly, holistic, and cost-effective manner. Students and professors had to work together with administrators to manage courses and send student information manually. Hence, student information system solutions serve to reduce the time necessary to keep organised records and assist schools in streamlining their academic operations.

Restraint:

Threat of data loss and security problems

Educational institutions' records are exposed to security vulnerabilities. As a result, schools and higher education institutions are repeatedly attacked for fraud and theft of identities. As files and documents are shared on websites, cell phones, and tablets via internet networks, the information stored on them may be exposed to threats if necessary steps are not followed. To get access to sensitive personal information and perform financial crimes, cybercriminals and fraudsters use viruses, malware, spyware, spam, and phishing. There is also the possibility that critical academic material will be leaked by employees.

Opportunity:

Technological advancements in eLearning

While student information system solutions are becoming more popular, providers are continuously attempting to apply new technologies in order to improve their offers. Artificial intelligence (AI) can be used to track and evaluate student behaviour, allowing staff to better grasp the students' requirements and weaknesses. This allows for the analysis of students' cognitive processes and learning styles based on their everyday interactions, allowing for customised courses to deliver a personalised learning experience. This allows students to learn in the most effective way for them. Other technologies, such as IoT, assist in automating the attendance process, leading to a more productive and reliable system thus enhancing the market growth.

Threat:

Training program for instructors and educators is necessary.

Most educational institutions lack experience in digital technology, which leads to the poor deployment of any digital solution. Due to a lack of competence among educators, they choose the wrong provider for the SIS implementation, resulting in additional costs. The element is not restricted to any one country or location, and it is a challenge that educational institutes and faculties encounter all across the world.

Covid-19 Impact

The latest COVID-19 outbreak also had a severe influence on the global education business. With the prolonged lockdown, schools and institutions have come to a halt and have begun devising online alternatives to finish the year's curriculum and tests. Student information systems are likely to increase in nations with good network infrastructure and internet penetration in this scenario. However, these systems serve a fairly small number of institutes in comparison to the existing demand for education, and hence cost may become one of the key constraints impeding market expansion, resulting in a loss of opportunity in growing countries.

The Cloud segment is expected to be the largest during the forecast period

The Cloud segment is estimated to have a lucrative growth, due to which the student information system is coupled with cloud technologies to facilitate administrative activities (SIS). The system makes it simple to track, administer, and generate reports based on student data and other school information. The institute can employ cloud technology to decrease capital investments, boost institutional agility, and make better use of scarce IT resources. Furthermore, it streamlines basic to crucial operations, providing consistency and allowing higher education institutes to continue integrating new functions, apps, and workflows. As a result, the system assists the institute in adapting to new changes and implementing new procedures.

The Student management segment is expected to have the highest CAGR during the forecast period

The Student management segment is anticipated to witness the fastest CAGR growth during the forecast period, due to student management system can refer to a variety of things. Nevertheless, context cues indicate that this software is used to manage students. These technologies let faculty members organise scheduling and communication about students. This method exists to make information tracking easier for both parents and administrative personnel. Student-centric management systems strive to make information management more accessible. Faculty members and parents must have consistent information about their children's schedules. Field outings and academic study programmes both assist parents in understanding what is going on. This knowledge is useful at both the preschool and college levels which propel the market growth.

Region with largest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to varied range of countries with varying levels of prosperity and development. The spread, use and availability of student information systems, as well as the availability of online learning materials, devices, and internet connectivity at home, are critical for market growth. However, the penetration of devices such as good computers and networking with decent internet connectivity and robust security is critical to growth. Furthermore, governments in the region are taking steps to improve education and increase literacy rates, which are projected to help the market thrive in the long run. For example, the Chinese government is financing technology initiatives targeted at closing the technological gap which encourages in the growth of the market.

Region with highest CAGR:

Europe is projected to have the highest CAGR over the forecast period, owing to the increased adoption of emerging technologies such as IoT, cloud, big data, and digital transformation is driving development. The region also benefits from the introduction of modern solutions from industry leaders, as well as ongoing attempts to enhance student information system solutions with sophisticated technologies. Universities in eliminating communication silos and connecting numerous departments across campus are demanding for SIS deployment in universities to provide a secure and dependable structure between students and school administration is driving regional market expansion.



Key players in the market

Some of the key players profiled in the Student Information System Market include Eduware ntc, Ellucian Company LP, PowerSchool Group LLC, Jenzabar Inc, Workday Inc., Skyward Inc., Oracle Corporation, Campus Management Corp., Foradian Technologies, Tribal Group Plc, SAP SE, Illuminate Education, Beehively, Gradelink, Comspec International, Follett, Quickschools and Veracross

Key Developments:

In Feb 2023, Ellucian Launches New Student Ambassador Community, This new initiative incorporates and amplifies the student voice alongside EllumiNation, Ellucian’s thriving customer advocacy community.

In Feb 2023, PowerSchool Expands International Channel Partner Program, Announces OneConnect as First Channel Partner in Africa, with the program’s first channel partner in Africa, OneConnect. OneConnect is an innovative provider of turnkey technology services and solutions in South Africa and throughout the African continent.

In Oct 2022, Ellucian Partners with Tata Consultancy Services to Scale Global Digital Transformation for Higher Education, Partnership with global systems integrator supports the acceleration of institutional transformation to meet the needs of students of today and tomorrow

In April 2022, Ellucian, Burning Glass Institute Partner on Student Outcomes Data Analysis Project, to improve student retention, graduation rates and employability for students of all backgrounds, as well as optimize the use of institutional resources

Deployment Modes Covered:
• Cloud
• On-Premises

Components Covered:
• Solutions
• Professional Services

Applications Covered:
• Financial Management
• Student Management
• Student Engagement & Support
• Admission & Recruitment
• Other Applications

End Users Covered:
• K-10 Education
• Higher Education

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Student Information System Market, By Deployment Mode
5.1 Introduction
5.2 Cloud
5.3 On-Premises

6 Global Student Information System Market, By Component
6.1 Introduction
6.2 Solutions
6.2.1 Academics
6.2.2 Enrollment
6.2.3 Financial Aid
6.2.4 Billing
6.3 Professional Services
6.3.1 Deployment & Integration
6.3.2 Support & Maintenance
6.3.3 Training & Consulting

7 Global Student Information System Market, By Application
7.1 Introduction
7.2 Financial Management
7.3 Student Management
7.4 Student Engagement & Support
7.5 Admission & Recruitment
7.6 Other Applications

8 Global Student Information System Market, By End User
8.1 Introduction
8.2 K-10 Education
8.3 Higher Education

9 Global Student Information System Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa

10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies

11 Company Profiling
11.1 Eduware ntc
11.2 Ellucian Company LP
11.3 PowerSchool Group LLC
11.4 Jenzabar Inc.
11.5 Workday Inc.
11.6 Skyward Inc.
11.7 Oracle Corporation
11.8 Campus Management Corp.
11.9 Foradian Technologies
11.10 Tribal Group Plc
11.11 SAP SE
11.12 Illuminate Education
11.13 Beehively
11.14 Gradelink
11.15 Comspec International
11.16 Follett
11.17 Quickschools
11.18 Veracross

List of Tables
1 Global Student Information System Market Outlook, By Region (2020-2028) ($MN)
2 Global Student Information System Market Outlook, By Deployment Mode (2020-2028) ($MN)
3 Global Student Information System Market Outlook, By Cloud (2020-2028) ($MN)
4 Global Student Information System Market Outlook, By On-Premises (2020-2028) ($MN)
5 Global Student Information System Market Outlook, By Component (2020-2028) ($MN)
6 Global Student Information System Market Outlook, By Solutions (2020-2028) ($MN)
7 Global Student Information System Market Outlook, By Academics (2020-2028) ($MN)
8 Global Student Information System Market Outlook, By Enrollment (2020-2028) ($MN)
9 Global Student Information System Market Outlook, By Financial Aid (2020-2028) ($MN)
10 Global Student Information System Market Outlook, By Billing (2020-2028) ($MN)
11 Global Student Information System Market Outlook, By Professional Services (2020-2028) ($MN)
12 Global Student Information System Market Outlook, By Deployment & Integration (2020-2028) ($MN)
13 Global Student Information System Market Outlook, By Support & Maintenance (2020-2028) ($MN)
14 Global Student Information System Market Outlook, By Training & Consulting (2020-2028) ($MN)
15 Global Student Information System Market Outlook, By Application (2020-2028) ($MN)
16 Global Student Information System Market Outlook, By Financial Management (2020-2028) ($MN)
17 Global Student Information System Market Outlook, By Student Management (2020-2028) ($MN)
18 Global Student Information System Market Outlook, By Student Engagement & Support (2020-2028) ($MN)
19 Global Student Information System Market Outlook, By Admission & Recruitment (2020-2028) ($MN)
20 Global Student Information System Market Outlook, By Other Applications (2020-2028) ($MN)
21 Global Student Information System Market Outlook, By End User (2020-2028) ($MN)
22 Global Student Information System Market Outlook, By K-10 Education (2020-2028) ($MN)
23 Global Student Information System Market Outlook, By Higher Education (2020-2028) ($MN)
24 North America Student Information System Market Outlook, By Country (2020-2028) ($MN)
25 North America Student Information System Market Outlook, By Deployment Mode (2020-2028) ($MN)
26 North America Student Information System Market Outlook, By Cloud (2020-2028) ($MN)
27 North America Student Information System Market Outlook, By On-Premises (2020-2028) ($MN)
28 North America Student Information System Market Outlook, By Component (2020-2028) ($MN)
29 North America Student Information System Market Outlook, By Solutions (2020-2028) ($MN)
30 North America Student Information System Market Outlook, By Academics (2020-2028) ($MN)
31 North America Student Information System Market Outlook, By Enrollment (2020-2028) ($MN)
32 North America Student Information System Market Outlook, By Financial Aid (2020-2028) ($MN)
33 North America Student Information System Market Outlook, By Billing (2020-2028) ($MN)
34 North America Student Information System Market Outlook, By Professional Services (2020-2028) ($MN)
35 North America Student Information System Market Outlook, By Deployment & Integration (2020-2028) ($MN)
36 North America Student Information System Market Outlook, By Support & Maintenance (2020-2028) ($MN)
37 North America Student Information System Market Outlook, By Training & Consulting (2020-2028) ($MN)
38 North America Student Information System Market Outlook, By Application (2020-2028) ($MN)
39 North America Student Information System Market Outlook, By Financial Management (2020-2028) ($MN)
40 North America Student Information System Market Outlook, By Student Management (2020-2028) ($MN)
41 North America Student Information System Market Outlook, By Student Engagement & Support (2020-2028) ($MN)
42 North America Student Information System Market Outlook, By Admission & Recruitment (2020-2028) ($MN)
43 North America Student Information System Market Outlook, By Other Applications (2020-2028) ($MN)
44 North America Student Information System Market Outlook, By End User (2020-2028) ($MN)
45 North America Student Information System Market Outlook, By K-10 Education (2020-2028) ($MN)
46 North America Student Information System Market Outlook, By Higher Education (2020-2028) ($MN)
47 Europe Student Information System Market Outlook, By Country (2020-2028) ($MN)
48 Europe Student Information System Market Outlook, By Deployment Mode (2020-2028) ($MN)
49 Europe Student Information System Market Outlook, By Cloud (2020-2028) ($MN)
50 Europe Student Information System Market Outlook, By On-Premises (2020-2028) ($MN)
51 Europe Student Information System Market Outlook, By Component (2020-2028) ($MN)
52 Europe Student Information System Market Outlook, By Solutions (2020-2028) ($MN)
53 Europe Student Information System Market Outlook, By Academics (2020-2028) ($MN)
54 Europe Student Information System Market Outlook, By Enrollment (2020-2028) ($MN)
55 Europe Student Information System Market Outlook, By Financial Aid (2020-2028) ($MN)
56 Europe Student Information System Market Outlook, By Billing (2020-2028) ($MN)
57 Europe Student Information System Market Outlook, By Professional Services (2020-2028) ($MN)
58 Europe Student Information System Market Outlook, By Deployment & Integration (2020-2028) ($MN)
59 Europe Student Information System Market Outlook, By Support & Maintenance (2020-2028) ($MN)
60 Europe Student Information System Market Outlook, By Training & Consulting (2020-2028) ($MN)
61 Europe Student Information System Market Outlook, By Application (2020-2028) ($MN)
62 Europe Student Information System Market Outlook, By Financial Management (2020-2028) ($MN)
63 Europe Student Information System Market Outlook, By Student Management (2020-2028) ($MN)
64 Europe Student Information System Market Outlook, By Student Engagement & Support (2020-2028) ($MN)
65 Europe Student Information System Market Outlook, By Admission & Recruitment (2020-2028) ($MN)
66 Europe Student Information System Market Outlook, By Other Applications (2020-2028) ($MN)
67 Europe Student Information System Market Outlook, By End User (2020-2028) ($MN)
68 Europe Student Information System Market Outlook, By K-10 Education (2020-2028) ($MN)
69 Europe Student Information System Market Outlook, By Higher Education (2020-2028) ($MN)
70 Asia Pacific Student Information System Market Outlook, By Country (2020-2028) ($MN)
71 Asia Pacific Student Information System Market Outlook, By Deployment Mode (2020-2028) ($MN)
72 Asia Pacific Student Information System Market Outlook, By Cloud (2020-2028) ($MN)
73 Asia Pacific Student Information System Market Outlook, By On-Premises (2020-2028) ($MN)
74 Asia Pacific Student Information System Market Outlook, By Component (2020-2028) ($MN)
75 Asia Pacific Student Information System Market Outlook, By Solutions (2020-2028) ($MN)
76 Asia Pacific Student Information System Market Outlook, By Academics (2020-2028) ($MN)
77 Asia Pacific Student Information System Market Outlook, By Enrollment (2020-2028) ($MN)
78 Asia Pacific Student Information System Market Outlook, By Financial Aid (2020-2028) ($MN)
79 Asia Pacific Student Information System Market Outlook, By Billing (2020-2028) ($MN)
80 Asia Pacific Student Information System Market Outlook, By Professional Services (2020-2028) ($MN)
81 Asia Pacific Student Information System Market Outlook, By Deployment & Integration (2020-2028) ($MN)
82 Asia Pacific Student Information System Market Outlook, By Support & Maintenance (2020-2028) ($MN)
83 Asia Pacific Student Information System Market Outlook, By Training & Consulting (2020-2028) ($MN)
84 Asia Pacific Student Information System Market Outlook, By Application (2020-2028) ($MN)
85 Asia Pacific Student Information System Market Outlook, By Financial Management (2020-2028) ($MN)
86 Asia Pacific Student Information System Market Outlook, By Student Management (2020-2028) ($MN)
87 Asia Pacific Student Information System Market Outlook, By Student Engagement & Support (2020-2028) ($MN)
88 Asia Pacific Student Information System Market Outlook, By Admission & Recruitment (2020-2028) ($MN)
89 Asia Pacific Student Information System Market Outlook, By Other Applications (2020-2028) ($MN)
90 Asia Pacific Student Information System Market Outlook, By End User (2020-2028) ($MN)
91 Asia Pacific Student Information System Market Outlook, By K-10 Education (2020-2028) ($MN)
92 Asia Pacific Student Information System Market Outlook, By Higher Education (2020-2028) ($MN)
93 South America Student Information System Market Outlook, By Country (2020-2028) ($MN)
94 South America Student Information System Market Outlook, By Deployment Mode (2020-2028) ($MN)
95 South America Student Information System Market Outlook, By Cloud (2020-2028) ($MN)
96 South America Student Information System Market Outlook, By On-Premises (2020-2028) ($MN)
97 South America Student Information System Market Outlook, By Component (2020-2028) ($MN)
98 South America Student Information System Market Outlook, By Solutions (2020-2028) ($MN)
99 South America Student Information System Market Outlook, By Academics (2020-2028) ($MN)
100 South America Student Information System Market Outlook, By Enrollment (2020-2028) ($MN)
101 South America Student Information System Market Outlook, By Financial Aid (2020-2028) ($MN)
102 South America Student Information System Market Outlook, By Billing (2020-2028) ($MN)
103 South America Student Information System Market Outlook, By Professional Services (2020-2028) ($MN)
104 South America Student Information System Market Outlook, By Deployment & Integration (2020-2028) ($MN)
105 South America Student Information System Market Outlook, By Support & Maintenance (2020-2028) ($MN)
106 South America Student Information System Market Outlook, By Training & Consulting (2020-2028) ($MN)
107 South America Student Information System Market Outlook, By Application (2020-2028) ($MN)
108 South America Student Information System Market Outlook, By Financial Management (2020-2028) ($MN)
109 South America Student Information System Market Outlook, By Student Management (2020-2028) ($MN)
110 South America Student Information System Market Outlook, By Student Engagement & Support (2020-2028) ($MN)
111 South America Student Information System Market Outlook, By Admission & Recruitment (2020-2028) ($MN)
112 South America Student Information System Market Outlook, By Other Applications (2020-2028) ($MN)
113 South America Student Information System Market Outlook, By End User (2020-2028) ($MN)
114 South America Student Information System Market Outlook, By K-10 Education (2020-2028) ($MN)
115 South America Student Information System Market Outlook, By Higher Education (2020-2028) ($MN)
116 Middle East & Africa Student Information System Market Outlook, By Country (2020-2028) ($MN)
117 Middle East & Africa Student Information System Market Outlook, By Deployment Mode (2020-2028) ($MN)
118 Middle East & Africa Student Information System Market Outlook, By Cloud (2020-2028) ($MN)
119 Middle East & Africa Student Information System Market Outlook, By On-Premises (2020-2028) ($MN)
120 Middle East & Africa Student Information System Market Outlook, By Component (2020-2028) ($MN)
121 Middle East & Africa Student Information System Market Outlook, By Solutions (2020-2028) ($MN)
122 Middle East & Africa Student Information System Market Outlook, By Academics (2020-2028) ($MN)
123 Middle East & Africa Student Information System Market Outlook, By Enrollment (2020-2028) ($MN)
124 Middle East & Africa Student Information System Market Outlook, By Financial Aid (2020-2028) ($MN)
125 Middle East & Africa Student Information System Market Outlook, By Billing (2020-2028) ($MN)
126 Middle East & Africa Student Information System Market Outlook, By Professional Services (2020-2028) ($MN)
127 Middle East & Africa Student Information System Market Outlook, By Deployment & Integration (2020-2028) ($MN)
128 Middle East & Africa Student Information System Market Outlook, By Support & Maintenance (2020-2028) ($MN)
129 Middle East & Africa Student Information System Market Outlook, By Training & Consulting (2020-2028) ($MN)
130 Middle East & Africa Student Information System Market Outlook, By Application (2020-2028) ($MN)
131 Middle East & Africa Student Information System Market Outlook, By Financial Management (2020-2028) ($MN)
132 Middle East & Africa Student Information System Market Outlook, By Student Management (2020-2028) ($MN)
133 Middle East & Africa Student Information System Market Outlook, By Student Engagement & Support (2020-2028) ($MN)
134 Middle East & Africa Student Information System Market Outlook, By Admission & Recruitment (2020-2028) ($MN)
135 Middle East & Africa Student Information System Market Outlook, By Other Applications (2020-2028) ($MN)
136 Middle East & Africa Student Information System Market Outlook, By End User (2020-2028) ($MN)
137 Middle East & Africa Student Information System Market Outlook, By K-10 Education (2020-2028) ($MN)
138 Middle East & Africa Student Information System Market Outlook, By Higher Education (2020-2028) ($MN)

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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