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Global Higher Education Financial and HRM Market 2016-2020

About the Higher Education Financial and HRM Software Market

The global higher education financial and HRM software market consists of software solutions that are employed by institutions to improve the decision-making and productivity of employees and management of financial resources. The data collected from the software is further analyzed using analytics applications. The analysis is to ensure that an institution’s resources are optimally used. HRM primarily focuses on planning, managing, and reporting of HR processes, along with recruitment and retention of good performers. Financial management software primarily focuses on providing real-time access to financial data such as procurement, accounts payable, and others. They provide stakeholders with specific financial information, which can help improve data-backed decision-making and strategies, and prioritize tasks.

Technavio’s analysts forecast the global higher education financial and HRM software market to grow at a CAGR of 15.57% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global higher education financial and HRM software market for 2016-2020. To calculate the market size, the report considers the revenue generated from the licenses, maintenance, implementation, and subscriptions of financial and HRM software to the higher education segment. These include software deployed on-premises as well as those deployed through cloud.

The market is divided into the following segments based on geography:

  • APAC
  • Europe
  • North America
  • ROW
Technavio's report, Global Higher Education Financial and HRM Software Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Ellucian
  • Oracle
  • SAP
  • Workday
Other prominent vendors
  • IBM
  • Infor
  • Halogen Software
  • Unit4
  • Lexmark International
Market driver
  • Rising ICT investment in higher educational institutions
  • For a full, detailed list, view our report
Market challenge
  • Shortage of trained staff
  • For a full, detailed list, view our report
Market trend
  • Rise in international mobility of students
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Higher Education Financial and HRM Software Market 2016-2020

Technavio recognizes the following companies as the key players in the global higher education financial and HRM software market: Ellucian, Oracle, SAP, and Workday.

Other Prominent Vendors in the market are: IBM, Infor, Halogen Software, Unit4, and Lexmark International.

Commenting on the report, an analyst from Technavio’s team said: “One trend which is already having an impact on the market is the rise in the international mobility of students. The increase in the number of international enrollment and student exchange programs have widened the scope of growth of the global higher education market. An integration of intercultural and international dimension into the main objective and functioning or delivery of education have been happening. For instance, the Bologna process in Europe, a collective effort of universities, faculties, and public authorities, focuses on the introduction of various bachelor’s, master’s and doctorate programs. The purpose is to strengthen the quality assurance of the entire system and enhance recognition of the achieved qualifications across geographical borders.”

According to the report, a key growth driver of market growth is the rising ICT investment in higher educational institutions. Educational technology enriches the learning experience for students. Digital classrooms have incorporated advanced technological learning aids such as interactive whiteboards and 3-D printing to increase student interactivity and knowledge retention. As a result, educational institutions have increased their budget to include more collaboration, assessment, and ERP systems in their delivery methods.

Further, the report states that one challenge that could hinder market growth is the shortage of trained staff.

Companies Mentioned

Ellucian, Oracle, SAP, Workday, IBM, Infor, Halogen Software, Unit4, Lexmark International.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Global higher education: Market overview
      • Table Global higher education market 2015-2020 ($ billions)
    • School ERP: Market overview
    • Global higher education financial and HRM software market
      • Table Global higher education financial and HRM software market 2015-2020 ($ billions)
      • Table Examples of higher education institutions using financial and HRM software
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product
    • Global higher education financial and HRM software market by product
      • Table Global higher education financial and HRM software market by product 2015-2020 ($ billions)
      • Table Global higher education financial and HRM software market by product 2015-2020 (% share)
      • Table Global higher education financial and HRM software market by product 2015 (%)
      • Table Global higher education financial and HRM software market by product 2020 (%)
    • Global higher education financial management software market
      • Table Major areas managed by financial management solutions
      • Table Global higher education financial management software market 2015-2020 ($ billions)
    • Global higher education HRM software market
      • Table Major areas managed by HRM solutions
      • Table Global higher education HRM software market 2015-2020 ($ billions)
  • Geographical segmentation
    • Global higher education financial and HRM software market by geography
      • Table Global higher education financial and HRM software market by geography 2015-2020 (%)
      • Table Global higher education financial and HRM software market by geography 2015 (%)
      • Table Global higher education financial and HRM software market by geography 2020 (%)
    • Higher education financial and HRM software market in North America
      • Table Higher education financial and HRM software market in North America 2015-2020 ($ billions)
      • Table Education market in North America by segment 2014 (%)
      • Table Approximate operating expenditures for leading US universities 2014 ($ millions)
    • Higher education financial and HRM software market in Europe
      • Table Higher education financial and HRM software market in Europe 2015-2020 ($ millions)
    • Higher education financial and HRM software market in APAC
      • Table Higher education financial and HRM software market in APAC 2015-2020 ($ millions)
      • Table IT spending in higher education in APAC 2015-2020 ($ billions)
      • Table Enrollment in India by type of higher education institution 2014 (%)
      • Table Enrollments in higher education in China 2015-2020 (in millions)
      • Table Enrollment by APAC countries in HarvardX courses (as a % of global enrollment)
    • Higher education financial and HRM software market in ROW
      • Table Higher education financial and HRM software market in ROW 2015-2020 ($ millions)
      • Table Enrollments in Middle East, North Africa, and Gulf Co-operation Council education 2015 (millions)
      • Table Distribution in Middle East and North Africa education market (%)
  • Market drivers
    • Rising ICT investment in higher educational institutions
      • Table Global education technology market 2015 ($ billions)
    • Increased competition among higher educational institutions
    • Changing funding models for higher education
    • Budget shortfalls in certain regions
    • Resistance to tuition fee increases
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Challenges with implementation issues
    • Shortage of trained staff
    • Security and ethical issues
    • Lack of transparent communication between stakeholders
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Increase in implementation of big data analytics
    • Intensified use of cloud computing
      • Table Cloud computing as a % of IT budget in US institutions 2013-2016
    • Rise in international mobility of students
      • Table Number of students from China and India in US 2010-2014 (in thousands)
    • Investment in buying rather than building software
    • Growing demand from emerging regions
      • Table Education expenditure in less developed and emerging nations 2014 (% of GDP)
  • Vendor landscape
    • Competitive scenario
    • Competitive benchmarking
      • Table Vendor matrix
      • Table Key vendors: Strategic initiatives overview
    • Ellucian
      • Table Ellucian: Product offerings
    • Oracle
      • Table Oracle: Business segmentation by revenue 2015 (%)
      • Table Oracle: Business segmentation by revenue 2014 and 2015 ($ billions)
      • Table Oracle: Geographical segmentation by revenue 2015 (%)
    • SAP
      • Table SAP: Business segmentation by revenue 2015 (%)
      • Table SAP: Business segmentation by revenue 2014 and 2015 ($ billions)
      • Table SAP: Geographical segmentation by revenue 2015 (%)
      • Table SAP: Solution offerings
    • Workday
      • Table Workday: Business segmentation by revenue 2015 (%)
      • Table Workday: Business segmentation by revenue 2014 and 2015 ($ millions)
      • Table Workday: Geographical segmentation by revenue 2015 (%)
  • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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