Assisted Living Software Market by Deployment and Geography - Forecast and Analysis 2021-2025

  • Published: Jun 2021
  • Pages: 120
  • SKU: IRTNTR44084
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The assisted living software market size will grow up to USD 396.41 million at a CAGR of 16% during 2021-2025.

The assisted living software market report extensively covers market segmentations by deployment (cloud-based and on-premise) and geography (North America, Europe, APAC, South America, and MEA) and potential market drivers that the vendors are capitalizing on to sustain profitable growth. Furthermore, read about the latest key findings on the post COVID-19 impact on the market from this report.

What will the Assisted Living Software Market Size be in 2021?

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Assisted Living Software Market: Key Drivers and Trends

According to our research output, there has been a positive impact on the market growth post COVID-19 era. Key drivers such as the need for workflow automation are notably supporting the assisted living software market growth. However, one of the foremost factors impeding market growth is data privacy and security concerns. Get detailed insights on the trends and challenges to stay prepared for the obstacles in the future, which will help companies analyze and develop growth strategies.

This post-pandemic assisted living software market report has assessed the shift in consumer behavior and identified trends and drivers that will help market players outmaneuver challenges. Technology innovations, implementation, and improvisation scope identified in the assisted living software market trends is essential for building new business opportunities across segmentations and geographies.

Who are the Major Assisted Living Software Market Vendors?

The assisted living software market forecast report provides insights on complete key vendor profiles and their business strategies to reimage themselves. The profiles covered in the report are as follows:

 

  • AL Advantage LLC
  • Caremerge Inc.
  • Eldermark Software LLC
  • iCareManager LLC
  • RealPage Inc.
  • ResMed Inc.
  • Vitals Software
  • Yardi Systems Inc.
  • Computer Programs and Systems Inc.
  • PointClickCare Technologies Inc.

 

From our Porter’s five forces analysis study, get detailed insights on the functional involvement of the buyers and suppliers to form well-rounded knowledge about the supply chain and create cost reduction plans. The assisted living software market analysis report also contains exhaustive observation on the organic and inorganic growth strategies deployed by the vendors. Click here to uncover details of successful business strategies adopted by the vendors.

Furthermore, our research experts have outlined the magnitude of the economic impact on each segment and recovery expectations post pandemic. To recover from post COVID-19 impact, market vendors should create strategies to grab business opportunities from the fast-growing segments, while refining their scope of growth in the slow-growing ones.

Download a free sample of the assisted living software market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Which are the Key Regions for Assisted Living Software Market?

Assisted-Living-Software-Market-Market-Share-by-Region-2020-2025

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The US is the key market for assisted living software market in North America. Learn about the key, emerging, and untapped markets from our assisted living software market size, share, & trends analysis report for targeting your business efforts toward promising growth regions. 34% of the market’s growth will originate from North America during the forecast period.

The report offers an up-to-date analysis of the geographical composition of the market. North America has been recording significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. Increased need for eMAR integration will facilitate the assisted living software market growth in North America over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Deployment Segments in the Assisted Living Software Market?

Assisted-Living-Software-Market-Market-Share-by-Deployment-2020-2025

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The assisted living software market share growth by the cloud based segment has been significant. The assisted living software market report provides comprehensive understanding of the subsegments of the target market to identify niche customer groups and demographic requirements. Furthermore, the report provides insights on the impact of COVID-19 on market segments, which can be used to deduce transformation patterns in consumer behavior in the coming years and improvise business plans.

This report provides an accurate prediction of the contribution of all the segments to the growth of the assisted living software market size. Request for a free sample of the report to get an exclusive glimpse of actionable market insights on post COVID-19 impact on each segment.

 

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What are the Key Factors Covered in this Assisted Living Software Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive assisted living software market growth during the next five years
  • Precise estimation of the assisted living software market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the assisted living software market across North America, Europe, APAC, South America, and MEA 
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of assisted living software market vendors

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Assisted Living Software Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 16%

Market growth 2021-2025

$ 396.41 million

Market structure

Fragmented

YoY growth (%)

13.72

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 34%

Key consumer countries

US, China, Germany, UK, and France

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

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.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The assisted living software market growth will increase by $320.80 million during 2019-2024.
The assisted living software market is expected to grow at a CAGR of 14.76% during 2019-2024.
Technavio has segmented the assisted living software market by deployment (Cloud-based and On-premise) and geographic (North America, Europe, APAC, South America, and MEA).
American Healthtech, Caremerge Inc., Carevium Inc., Eldermark Software LLC, iCareManager LLC, MatrixCare Inc., PointClickCare Technologies Inc., RealPage Inc., Vitals Software, Yardi Systems Inc. are a few of the key vendors in the assisted living software market.
North America will register the highest growth rate of 34.73% among the other regions. Therefore, the assisted living software market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the assisted living software market growth are:
  • Growing demand for improved quality of care
  • Increased adoption of analytics in assisted living software
The assisted living software market vendors should focus on grabbing business opportunities from the cloud-based segment as it accounted for the largest market share in the base year.
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