Global Assisted Living Software Market 2024-2028
The assisted living software market is forecasted to grow by USD 682.51 mn during 2023-2028, accelerating at a CAGR of 15.9% during the forecast period. The report on the assisted living software market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the aging baby boomer population, increased need for electronic medication administration record (EMAR) integration, and growing demand for improved quality of care.
Technavio's assisted living software market is segmented as below:
By Deployment
By Application
- Appointment scheduling
- Resource allocation
- Documentation of services
By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
This study identifies the integration of artificial intelligence (AI) and machine learning (ML) algorithms into assisted living software as one of the prime reasons driving the assisted living software market growth during the next few years. Also, increased adoption of analytics in assisted living software and incorporation of family engagement in assisted living software will lead to sizable demand in the market.
The report on the assisted living software market covers the following areas:
- Assisted living software market sizing
- Assisted living software market forecast
- Assisted living software market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading assisted living software market vendors that include AL Advantage LLC, Assisted Living Soft LLC, CarePredict Inc., CareVoyant Inc., CarexTech Inc., Curenta LLC, Eldermark Software LLC, Extended Care Professional LLC, iCareManager LLC, Medtelligent Inc., Netsmart Technologies Inc., OSP, PointClickCare Technologies Inc., RealPage Inc., ResMed Inc., Senior Insight Inc., Storii Inc., Vitals Software, WellSky Corp., and Yardi Systems Inc.. Also, the assisted living software market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.