Technavio forecasts the global assisted living software market to grow by USD 396.41 million during 2021-2025. The report analyzes the current market scenarios, growth strategies adopted by vendors, and major trends, drivers, and challenges to provide a comprehensive analysis of the assisted living software market.
The COVID-19 pandemic will have a positive impact on the growth of the global assisted living software market during the forecast period. The report expects the market growth to increase in 2021 as compared to the market growth in 2020.
Many businesses currently are going through response, recovery, and renewal phases. The continuing spread of the novel coronavirus pandemic has compelled organizations across the globe to flatten their recessionary curve by adopting technology. Building business resilience and enabling agility will help organizations to move forward in their journey out of the crisis.
This post-pandemic business planning research will aid clients to:
Adjust their strategic planning to move ahead once business stability kicks in.
Build Resilience by making effective resource and investment choicesfor individual business units, products, and service lines.
Conceptualize scenario-based planning to mitigate future crisis situations.
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Major Three Assisted Living Software Market Participants:
AL Advantage LLC: The company offers assisted living software and elder care solutions for seniors. It includes the custom level of care, diet and medication, bathing, and laundry management, thereby reducing caregiver stress.
Caremerge Inc.: The company offers assisted living software such as Donna Brown, Independent Living Activity Manager.
Eldermark Software LLC: The company offers assisted living software such as service minder for elder living.
Assisted Living Software Market 2021-2025: Segmentation
Assisted living software market is segmented as below:
The assisted living software market is driven by the need for workflow automation. In addition, the growing demand for improved quality of care is expected to trigger the assisted living software market toward witnessing a CAGR of almost 16% during the forecast period.
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