Assisted Living Software Market Size to Grow by $ 396.41 mn through 2021-2025 | Forecast and Trend Analysis

Technavio has been monitoring the assisted living software market and it is expected to grow by $ 396.41 mn, accelerating at a CAGR of almost 16% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking


Assisted Living Software Market: Receive Free Sample Report


Assisted Living Software Market: Emerging Trends to Impact Market Growth

Growing demand for improved quality of care to emerge as a key trend in the industrial assisted living software market. This report provides a detailed analysis of all the trends that are likely to influence the growth of individual segments within the market as well as the overall market in focus. This analysis will enable clients to assess their play in the market and plan for growth opportunities.

Assisted Living Software Market Size to Grow by $ 396.41 mn through 2021-2025 | Trend Analysis and Forecasts

Assisted Living Software Market: Vendor Analysis

The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. AL Advantage LLC, Caremerge Inc., Eldermark Software LLC, iCareManager LLC, RealPage Inc., ResMed Inc., Vitals Software, Yardi Systems Inc., Computer Programs and Systems Inc., and PointClickCare Technologies Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio custom reports provide market insights at the global and regional level along with a pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.

For more insights into this market: Download a Free Sample Report

 

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerate at a CAGR of almost 16%.

     
  2. What is the incremental growth of the market?
    The market is expected to grow by $ 396.41 mn through 2021-2025.

     
  3. What is a key factor driving this market?
    Need for workflow automation will drive market growth over the forecast period.

     
  4. What are the key regions covered in this market research report?
    North America, Europe, APAC, South America, and MEA are the key regions featured in this research report.

     
  5. Which is the leading geographic region for this market:
    34% growth will originate from North America

     
  6. Who are the leading market vendors?
    The leading vendors in this market are AL Advantage LLC, Caremerge Inc., Eldermark Software LLC, iCareManager LLC, RealPage Inc., ResMed Inc., Vitals Software, Yardi Systems Inc., Computer Programs and Systems Inc., and PointClickCare Technologies Inc.

     
  7. What are the market segments covered in this report?
    The market is segmented by Deployment (Cloud-based and On-premise) and Geography (North America, Europe, APAC, South America, and MEA)

Assisted Living Software Market Size to Grow by $ 396.41 Million through 2021-2025  

Technavio research projects the assisted living software market to grow by $ 396.41 million, accelerating at a CAGR of almost 16% till 2025. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking


Assisted Living Software Market: Receive FREE Sample Report


Assisted Living Software Market: Key Market Driver

One of the primary factors that will trigger the growth of the assisted living software market size is the need for workflow automation. North America has been recording a significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. The increased need for eMAR integration will facilitate the assisted living software market growth in North America over the forecast period. Growth by the cloud-based segment has been significant in recent years and is expected to offer further opportunities for growth during the forecast period.

This research report provides a comprehensive analysis of all the factors that are likely to propel market growth, taking into account the market trends as well as challenges that are likely to impede growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business.

Assisted Living Software Market Size to Grow by $ 396.41 mn through 2021-2025 | Trend Analysis and Forecasts

Assisted Living Software Market: Vendor Analysis

The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. AL Advantage LLC, Caremerge Inc., Computer Programs and Systems Inc., Eldermark Software LLC, iCareManager LLC, PointClickCare Technologies Inc., RealPage Inc., ResMed Inc., Vitals Software, and Yardi Systems Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with a pipeline analysis of vendor operations and the impact of government regulations.

For more insights on this market: Download a Free Sample Report

Read More Read Less
17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>