Expert Market Research Explores the Top 10 Companies in the Global Higher Education Market

Anthology Inc., Blackbaud, Inc., Google LLC, Microsoft Corporation, Ellucian Company L.P, Oracle Corporation, IBM Corporation, SAP SE, Pearson plc, Dell, Inc, VMware, Inc, Xerox Holdings Corporation, ServiceNow, Inc, Unifyed, and Hyland Software, among others, are the major players in the global higher education market.

The global higher education market is projected to grow at a CAGR of 19.6% in the forecast period of 2024-2032. As per the analysis by Expert Market Research, the market is expected to be driven by supportive government regulations and the rapid adoption of online platforms in the education sector.

The global higher education market is witnessing rapid growth due to the increase in government initiatives worldwide. According to the World Bank, the government expenditure on education is 3.7% of the total global GDP. According to the OECD report, the gross enrolment ratio in tertiary education has grown from 19% to 40% from 2000 to 2020.

In addition, the rising trend for education abroad is a key factor shaping the market dynamics. According to the OECD study in 2019, over 1 million students from China went abroad for studies. This was followed by India 462 (thousand), Vietnam (126 thousand), Germany (126 thousand), and France (103 thousand).

Further, the rapid adoption of online education is supporting the global higher education market growth. In February 2024, Indian Union Education Minister launched the SWAYAM Plus platform, an online initiative operated by IIT-Madras. This platform offers programs focused on employability and professional development for working professionals and higher education students. SWAYAM Plus aims to create a digital ecosystem for upskilling and reskilling. It also provides mentorship, scholarships, and job placements to its users.

Top 10 Companies in the Higher Education Market in the World:

Anthology Inc.

The Anthology is a leading higher education technology company with more than 2,100 unique institutions in over 30 countries. The company is headquartered in Florida, with offices globally in Buffalo, New York, Kansas City, Bangalore, London, and São Paulo, amongst others. The company has over 1,400 employees worldwide.

Blackbaud, Inc.

Blackbaud is a leading provider of software empowering social impact, specialising in nonprofit and education sectors, corporate social responsibility, and individual changemakers. The company is listed on NASDAQ under the symbol BLKB. It offers solutions to drive fundraising, financial management, digital giving, grant making, and education management, facilitating over USD 100 billion in annual donations, grants, and investments. Blackbaud operates globally with a remote-first approach, supporting users across 100+ countries.

Google LLC

Google LLC is a multinational technology conglomerate based in America, and provides a diverse range of products and services. The company offers advertising, platforms and operating systems, and enterprise and hardware products, amongst others.

Microsoft Corporation

Microsoft is a multinational corporation that excels in developing and distributing innovative software products and services worldwide. Its offerings include a diverse array of software products, ranging from operating systems, productivity and collaboration tools to server applications and business solutions. The company also offers desktop and server management tools, software development tools, and video games. Microsoft's wide range of products and services can be utilized across various devices and platforms, catering to the needs of different consumer segments.

Ellucian Company L.P

Ellucian is a global leader in EdTech for higher education. The company serves over 2,900 institutions worldwide, impacting over 22 million students across 50 countries. The company has offices across Australia, Chile, India, Ireland, Mexico, the Netherlands, the United Arab Emirates, the United Kingdom, and the United States. Ellucian is committed to enhancing the entire student lifecycle with innovative solutions that provide crucial insights for both current needs and future advancements in learning.

Oracle Corporation

Oracle is one of the world’s largest database management companies and is the only technology provider with a complete suite of integrated cloud applications and a cloud infrastructure platform. The Oracle Cloud offers all the services required to migrate, build, and run IT, from existing enterprise workloads to new cloud-native applications and data platforms. The company had a turnover of USD 35.31 billion in 2023. The company is a publicly listed company on the New York Stock Exchange (NYSE) under the trading symbol ORCL.

IBM Corporation

IBM is a global leader in providing computer hardware and software, as well as cloud computing and data analytics. The company is a publicly listed company on the New York Stock Exchange (NYSE) under the trading symbol IBM. The company had a turnover of USD 61.86 billion in 2023. The company provides various technologies which are used across a wide range of industries including aerospace and defense, automotive, healthcare, and oil and gas, amongst others.

SAP SE

SAP SE, also known as SAP Group, is a global leader in enterprise applications redefining ERP and creating networks of intelligent enterprises that provide transparency, resiliency, and sustainability across supply chains. The company is a publicly listed company on the Frankfurt Stock Exchange under the symbol SAP. The company earned a revenue of EUR 31,207 million (USD billion) in 2023. The company has a strong workforce of more than 110,000 employees, working across 160 countries. SAP provides comprehensive team management solutions for a range of sports including soccer, ice hockey, basketball, handball, and rugby, with applications like team management, training management, performance analytics, and more.

Pearson plc

Pearson is a leading learning company. The company serves customers in over 200 countries with digital content, assessments, qualifications, and data. The company, offering different products and services, has over 160 million users globally.

Dell Technologies Inc.

Dell Technologies is a multinational conglomerate, offering an IT solutions portfolio. The company is organized into two business units namely, Infrastructure Solutions Group (ISG) and Client Solutions Group (CSG). CSG offers PCs including notebooks, desktops, and workstations and it also offers peripherals like displays, docking stations, keyboards, mice, and webcam and audio devices, among others. The company operates in over 170 countries, and as of February 2024, it had a global revenue of USD 88.43 billion.