Title: Behavioral Health Software Market 2022 Trend and Forecast 2026
1MarketsandMarkets Presents
Behavioural/Mental Health Software Market worth
4.9 billion by 2026
https//www.marketsandmarkets.com/Market-Reports/b
ehavioral-health-software-market-45953340.html
2The report "Behavioural/Mental Health Software
Market by Component (Services, Software),
Delivery (Subscription, Ownership), Functionality
(Clinical, EHR, CDS, Telehealth, RCM, BI,
Administrative, Financial), End User (Hospitals,
Clinics) - Global Forecasts to 2026", The global
behavioral health software market is expected to
reach USD 4.9 billion by 2026 from USD 2.0
billion in 2021, at a CAGR of 19.6 during the
forecast period. The major factors driving the
growth of behavioral health software market are
the increasing adoption of behavioral health
software, availability of government funding,
government initiatives to encourage EHR adoption
in behavioral health organizations, favorable
behavioral health reforms in the US, and high
demand for mental health services amidst provider
shortage. On the other hand, data privacy
concerns and a shortage of HCIT personnel are
expected to restrain the growth of this
market. Download a PDF Brochure
https//www.marketsandmarkets.com/pdfdownload
3- Objectives of the Study
- To define, describe, segment, and forecast the
behavioral health software market by component,
delivery model, functionality, end user, and
region - To provide detailed information about the major
factors influencing the market growth (key
drivers, restraints, opportunities, and
industry-specific challenges) - To strategically analyze micromarkets1 with
respect to individual growth trends, prospects,
and their contributions to the overall behavioral
health software market - To analyze market opportunities for stakeholders
and provide details of the competitive landscape
for key players - To forecast the market value of various segments
and subsegments with respect to North America,
Europe, Asia, and the Rest of the world - To profile the key players active in the
behavioral health software market and
comprehensively analyze their global revenue
shares and core competencies2 - To track and analyze competitive market-specific
developments such as product launches
collaborations and partnerships and mergers
acquisitions in the behavioral health software
market - Speak to Analyst https//www.marketsandmarkets.co
m/speaktoanalyst
4This report categorizes the behavioral health
software market into the following segments and
subsegments
- By Component
- Support Services
- Software
- Integrated Software
- Standalone Software
- By Delivery Model
- Subscription Models
- Ownership Models
- By Functionality
- Clinical Functionality
- Administrative Functionality
- Financial Functionality
- By End User
- Community Clinics
- Hospitals
- Private Practices
5Major players operating in the behavioral health
software market include Advanced Data Systems
(US), AdvancedMD (US), Cerner (US), Compulink
(US), Core Solutions (US), Credible Behavioral
Health (US), Kareo (US), Meditab Software (US),
Mindlinc (US), Netsmart (US), Nextgen Healthcare
(US, Qualifacts (US), The Echo Group (US), Valant
(US), Welligent (US), Cure MD(US), Epic systems
corporations (US), Accumedic (US), Mediware(US),
Allscripts (US)
6Company Insights
CERNER (US) Cerner is the leading player in the
behavioral health software market. The companys
expertise, experience, and comprehensive
capabilities in various business functions have
enabled it to maintain its leading position in
this market. The company has a major presence in
the US, and approximately 88 of its revenues
came from the US in 2020. Its solutions are
licensed by 27,000 facilities worldwide. Cerner
has a strong sales and marketing network, with
sales offices in 35 countries across the globe.
The company focuses on achieving sustainable
growth by adopting inorganic growth strategies
such as mergers and acquisitions. NETSMART(US)
Netsmart is the second-leading player in the
behavioral health software market. The leading
position of the company in this market is
attributed to its strong relationship with its
customers. The company has a keen focus on
building and maintaining strong client
relationships to enhance its growth.
Additionally, Netsmart focuses on inorganic
growth strategies such as acquisitions,
partnerships, and collaborations to enhance its
presence in this market. In February 2020,
Netsmart acquired GPM, a North Carolina-based
Software-as-a-Service technology and services
company. This will help Netsmarts CareFabric
platform to deliver interoperable data sharing
between long-term care facilities and providers.
The companys client base includes more than
560,000 users and 25,000 organizations across 50
state systems.
7Contact Us
ContactMr. Aashish MehraMarketsandMarkets
INC. 630 Dundee Road, Suite 430 Northbrook, IL
60062 USA 1-888-600-6441 sales_at_marketsandmarkets.
com Press release https//www.marketsandmarkets.
com/PressReleases/behavioral-health-software.asp
Research insights https//www.marketsandmarkets.c
om/ResearchInsight/behavioral-health-software-mark
et.asp
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