Market Overview:
The global higher education financial and HRM market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for financial management software and HRM software among educational institutions, universities, training organizations, and others. North America is expected to lead the global higher education financial and HRM market in terms of revenue during the forecast period.
Product Definition:
Higher education financial and HRM is the process of managing finances and human resources in a higher education institution. This includes budgeting, forecasting, allocating resources, and ensuring compliance with regulations. The importance of higher education financial and HRM is that it allows institutions to effectively manage their resources while complying with regulations. This helps ensure that students receive a quality education while also being good stewards of taxpayer dollars.
Financial Management Software:
Financial management software is a tool that helps an individual or an organization to effectively manage their financial data. It provides various features such as budgeting, forecasting, and analysis of financial data. The factors that drive the growth of this market include growing need for transparency in transactions and increasing adoption due to advantages such as automation of processes and ease of use.
HRM Software:
HRM software is used in Human Resource Management for tracking employee information such as leaves, work schedule, attendance and other benefits. The software also helps to maintain employee database which includes personal data of employees like address and phone number. In addition, it provides analytics on the fly which can be useful while making decisions regarding human resource management.
The global higher education financial HRM market size was valued at USD 1.1 billion in 2016.
Application Insights:
The market is segmented into educational institutions, universities, training organizations and others. The educational institutions segment dominated the global higher education financial and HRM software market in 2017. This can be attributed to the increasing number of students enrolling for degree programs across various countries worldwide. For instance, according to data published by National Student Clearinghouse (NSC), a nonprofit organization that provides support services to colleges and universities in U.S., around 1 out of every 2 students enrolled in U.
Regional Analysis:
North America dominated the global higher education financial and HRM market in 2017. The growth of this region can be attributed to the presence of a large number of universities and educational institutions, which are increasingly adopting advanced HRM software solutions for effective management. Moreover, increasing government funding for research activities is also expected to drive regional market growth over the forecast period.
Asia Pacific is anticipated to witness significant growth over the next eight years owing to increasing awareness about higher education among people, especially students from rural areas who have been admitted through open admissions policies implemented by various governments across countries such as India and China.
Growth Factors:
- Increasing demand for higher education: The global demand for higher education is increasing rapidly due to the increase in population and the need for skilled professionals. This is driving the growth of the Higher Education Financial and HRM market.
- Rising number of students opting for higher education: A large number of students are now opting for higher education, which is contributing to the growth of this market.
- Expansion of universities and colleges: Universities and colleges are expanding their infrastructure to meet the growing demand for higher education, thereby propelling the growth of this market.
- Growing focus on research and development: There is a growing focus on research and development in universities, which is helping to fuel innovation in this market space. This is resulting in new product launches that are helping to drive its growth further.. 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Higher Education Financial and HRM Market Research Report
By Type
Financial Management Software, HRM Software
By Application
Educational Institutions, Universities, Training Organizations, Others
By Companies
Ellucian, Oracle, SAP, Workday, IBM, Unit4
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
132
Number of Tables & Figures
93
Customization Available
Yes, the report can be customized as per your need.
Global Higher Education Financial and HRM Market Report Segments:
The global Higher Education Financial and HRM market is segmented on the basis of:
Types
Financial Management Software, HRM Software
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Educational Institutions, Universities, Training Organizations, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Ellucian
- Oracle
- SAP
- Workday
- IBM
- Unit4
Highlights of The Higher Education Financial and HRM Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Financial Management Software
- HRM Software
- By Application:
- Educational Institutions
- Universities
- Training Organizations
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Higher Education Financial and HRM Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Higher education financial and HRM is the process of managing finances, human resources, and other administrative functions in order to support the academic mission of a university or college.
Some of the major players in the higher education financial and hrm market are Ellucian, Oracle, SAP, Workday, IBM, Unit4.
The higher education financial and hrm market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Higher Education Financial and HRM Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Higher Education Financial and HRM Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Higher Education Financial and HRM Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Higher Education Financial and HRM Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Higher Education Financial and HRM Market Size & Forecast, 2018-2028
4.5.1 Higher Education Financial and HRM Market Size and Y-o-Y Growth
4.5.2 Higher Education Financial and HRM Market Absolute $ Opportunity
Chapter 5 Global Higher Education Financial and HRM Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Higher Education Financial and HRM Market Size Forecast by Type
5.2.1 Financial Management Software
5.2.2 HRM Software
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Higher Education Financial and HRM Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Higher Education Financial and HRM Market Size Forecast by Applications
6.2.1 Educational Institutions
6.2.2 Universities
6.2.3 Training Organizations
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Higher Education Financial and HRM Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Higher Education Financial and HRM Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Higher Education Financial and HRM Analysis and Forecast
9.1 Introduction
9.2 North America Higher Education Financial and HRM Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Higher Education Financial and HRM Market Size Forecast by Type
9.6.1 Financial Management Software
9.6.2 HRM Software
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Higher Education Financial and HRM Market Size Forecast by Applications
9.10.1 Educational Institutions
9.10.2 Universities
9.10.3 Training Organizations
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Higher Education Financial and HRM Analysis and Forecast
10.1 Introduction
10.2 Europe Higher Education Financial and HRM Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Higher Education Financial and HRM Market Size Forecast by Type
10.6.1 Financial Management Software
10.6.2 HRM Software
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Higher Education Financial and HRM Market Size Forecast by Applications
10.10.1 Educational Institutions
10.10.2 Universities
10.10.3 Training Organizations
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Higher Education Financial and HRM Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Higher Education Financial and HRM Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Higher Education Financial and HRM Market Size Forecast by Type
11.6.1 Financial Management Software
11.6.2 HRM Software
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Higher Education Financial and HRM Market Size Forecast by Applications
11.10.1 Educational Institutions
11.10.2 Universities
11.10.3 Training Organizations
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Higher Education Financial and HRM Analysis and Forecast
12.1 Introduction
12.2 Latin America Higher Education Financial and HRM Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Higher Education Financial and HRM Market Size Forecast by Type
12.6.1 Financial Management Software
12.6.2 HRM Software
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Higher Education Financial and HRM Market Size Forecast by Applications
12.10.1 Educational Institutions
12.10.2 Universities
12.10.3 Training Organizations
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Higher Education Financial and HRM Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Higher Education Financial and HRM Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Higher Education Financial and HRM Market Size Forecast by Type
13.6.1 Financial Management Software
13.6.2 HRM Software
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Higher Education Financial and HRM Market Size Forecast by Applications
13.10.1 Educational Institutions
13.10.2 Universities
13.10.3 Training Organizations
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Higher Education Financial and HRM Market: Competitive Dashboard
14.2 Global Higher Education Financial and HRM Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Ellucian
14.3.2 Oracle
14.3.3 SAP
14.3.4 Workday
14.3.5 IBM
14.3.6 Unit4
