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?
You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.
PART 01: Executive summary
• Highlights
PART 02: Scope of the report
• Market overview
• Top-vendor offerings
PART 03: Market research methodology
• Research methodology
• Economic indicators
PART 04: Introduction
• Key market highlights
PART 05: Market landscape
• Global higher education: Market overview
• School ERP: Market overview
• Global higher education financial and HRM software market
• Five forces analysis
PART 06: Market segmentation by product
• Global higher education financial and HRM software market by product
• Global higher education financial management software market
• Global higher education HRM software market
PART 07: Geographical segmentation
• Global higher education financial and HRM software market by geography
• Higher education financial and HRM software market in North America
• Higher education financial and HRM software market in Europe
• Higher education financial and HRM software market in APAC
• Higher education financial and HRM software market in ROW
PART 08: Market drivers
• Rising ICT investment in higher educational institutions
• Increased competition among higher educational institutions
• Changing funding models for higher education
• Budget shortfalls in certain regions
• Resistance to tuition fee increases
PART 09: Impact of drivers
PART 10: Market challenges
• Challenges with implementation issues
• Shortage of trained staff
• Security and ethical issues
• Lack of transparent communication between stakeholders
PART 11: Impact of drivers and challenges
PART 12: Market trends
• Increase in implementation of big data analytics
• Intensified use of cloud computing
• Rise in international mobility of students
• Investment in buying rather than building software
• Growing demand from emerging regions
PART 13: Vendor landscape
• Competitive scenario
• Competitive benchmarking
• Ellucian
• Oracle
• SAP
• Workday
PART 14: Other prominent vendors
• PART 15: Appendix
List of abbreviations
PART 16: Explore Technavio
Exhibit 01: Product offerings
Exhibit 02: Global higher education market 2015-2020 ($ billions)
Exhibit 03: Global higher education financial and HRM software market 2015-2020 ($ billions)
Exhibit 04: Examples of higher education institutions using financial and HRM software
Exhibit 05: Five forces analysis
Exhibit 06: Global higher education financial and HRM software market by product 2015-2020 ($ billions)
Exhibit 07: Global higher education financial and HRM software market by product 2015-2020 (% share)
Exhibit 08: Global higher education financial and HRM software market by product 2015 (%)
Exhibit 09: Global higher education financial and HRM software market by product 2020 (%)
Exhibit 10: Major areas managed by financial management solutions
Exhibit 11: Global higher education financial management software market 2015-2020 ($ billions)
Exhibit 12: Major areas managed by HRM solutions
Exhibit 13: Global higher education HRM software market 2015-2020 ($ billions)
Exhibit 14: Global higher education financial and HRM software market by geography 2015-2020 (%)
Exhibit 15: Global higher education financial and HRM software market by geography 2015 (%)
Exhibit 16: Global higher education financial and HRM software market by geography 2020 (%)
Exhibit 17: Higher education financial and HRM software market in North America 2015-2020 ($ billions)
Exhibit 18: Education market in North America by segment 2014 (%)
Exhibit 19: Approximate operating expenditures for leading US universities 2014 ($ millions)
Exhibit 20: Higher education financial and HRM software market in Europe 2015-2020 ($ millions)
Exhibit 21: Higher education financial and HRM software market in APAC 2015-2020 ($ millions)
Exhibit 22: IT spending in higher education in APAC 2015-2020 ($ billions)
Exhibit 23: Enrollment in India by type of higher education institution 2014 (%)
Exhibit 24: Enrollments in higher education in China 2015-2020 (in millions)
Exhibit 25: Enrollment by APAC countries in HarvardX courses (as a % of global enrollment)
Exhibit 26: Higher education financial and HRM software market in ROW 2015-2020 ($ millions)
Exhibit 27: Enrollments in Middle East, North Africa, and Gulf Co-operation Council education 2015 (millions)
Exhibit 28: Distribution in Middle East and North Africa education market (%)
Exhibit 29: Global education technology market 2015 ($ billions)
Exhibit 30: Impact of drivers
Exhibit 31: Impact of drivers and challenges
Exhibit 32: Cloud computing as a % of IT budget in US institutions 2013-2016
Exhibit 33: Number of students from China and India in US 2010-2014 (in thousands)
Exhibit 34: Education expenditure in less developed and emerging nations 2014 (% of GDP)
Exhibit 35: Vendor matrix
Exhibit 36: Key vendors: Strategic initiatives overview
Exhibit 37: Ellucian: Product offerings
Exhibit 38: Oracle: Business segmentation by revenue 2015 (%)
Exhibit 39: Oracle: Business segmentation by revenue 2014 and 2015 ($ billions)
Exhibit 40: Oracle: Geographical segmentation by revenue 2015 (%)
Exhibit 41: SAP: Business segmentation by revenue 2015 (%)
Exhibit 42: SAP: Business segmentation by revenue 2014 and 2015 ($ billions)
Exhibit 43: SAP: Geographical segmentation by revenue 2015 (%)
Exhibit 44: SAP: Solution offerings
Exhibit 45: Workday: Business segmentation by revenue 2015 (%)
Exhibit 46: Workday: Business segmentation by revenue 2014 and 2015 ($ millions)
Exhibit 47: Workday: Geographical segmentation by revenue 2015 (%)
