NEW YORK, June 28, 2021 /PRNewswire/ —
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 choices for individual business units, products, and service lines.
- Conceptualize scenario-based planning to mitigate future crisis situations.
Key Considerations for Market Forecast:
- Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
- Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
- Pre- as well as post-COVID-19 market estimates
- Quarterly impact analysis and updates on market estimates
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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.
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Assisted Living Software Market 2021-2025: Segmentation
Assisted living software market is segmented as below:
- North America
- South America
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.
Get more insights about the global trends impacting the future of assisted living software market, Request Free Sample @ https://www.technavio.com/talk-to-us?report=IRTNTR44084
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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