North America Funeral Home Software Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Deployment Type (Cloud and On-Premise) and Organization Size (Large Enterprises and SMEs)
Market Introduction
Funeral home software helps in the scheduling of funeral sessions with clients. The customers are offered an online portal through which they can request services and give details about the death people in his/her family. The increase in funeral home software usage in cemeteries, crematories, mortuaries, and funeral homes is also one of the major factors driving the market growth. Altogether, funeral home software helps in resource scheduling, credit card payment processing, work order management, case note creation, and custom form generation. Moreover, funeral home software simplifies the accounting and reporting processes by keeping track of the total expenditure has been spent. The software also send issuing billing statements, reminders for past-due accounts, and automatically calculates taxes and interest. Moreover, the entries that has been made can be transferred from the accounts receivable system to their general ledger systems without re-typing. Thus, it keeps the user up to date with live reports on all aspects of the funeral home and saves a lot of time from filling out forms and certificates, as the entries automatically get generated. Therefore, the user has to enter data only once. The growing popularity of remembrance suite includes memorial videos, stationery products, Portraits of Life, 3D-printed urns, etc. are also expected to propel the market growth in the coming years. Thus, the rising adoption of integrated management platform is expected to create a significant demand for funeral home software in the coming years, which is further anticipated to drive the North America funeral home software market.
The huge increase in the number of COVID-19 confirmed cases and rising reported deaths in the country has led to demand for advanced funeral home software solutions due to significant restrictions on funerals. North America region is home to a large number of funeral home corporations, and thus the impact of coronavirus outbreak is anticipated to be positive in the current scenario.
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Market Overview and Dynamics
The funeral home software market in North America is expected to grow from US$ 117.50 million in 2019 to US$ 321.85 million by 2027; it is estimated to grow at a CAGR of 13.6% from 2020 to 2027. According to customer needs, several start-ups in developing countries offer customized and professional end-to-end funeral management software. Several untapped and highly unorganized markets provide significant opportunities for startups to grow. This growing trend is expected to positively impact the North America funeral home software market in the coming years. Furthermore, increasing use of new technologies is recognized as one of the significant market trends for funeral home software. For example, block chain technology's increased use significantly enhances services, such as transportation, formal arrangement, prayers, and counseling. Moreover, The Funeral Care Foundation provides a decentralized block chain based platform that collects and shares structured data, thus, providing cost transparency and personal recommendations to enhance customer satisfaction. This is bolstering the growth of the North America funeral home software market.
Key Market Segments
In terms of deployment type, the cloud segment accounted for the largest share of the North America funeral home software market in 2019. Similarly, the small and medium-sized enterprises (SMEs) segment held a larger share of the funeral home software market based on organization size in 2019.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the funeral home software market in North America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are CRäKN, LLC; FrontRunner Professional; Funeraltech; Halcyon; Osiris Software (Funeral Director’s); SRS Computing; Aldor Solutions; and Continental Computers, Inc. among others.
Reasons to buy report
- To understand the North America funeral home software market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for North America funeral home software market
- Efficiently plan M&A and partnership deals in North America funeral home software market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form North America funeral home software market
- Obtain market revenue forecast for funeral home software market by various segments from 2020 to 2027 in North America region.
North America Funeral Home Software Market Segmentation
North America Funeral Home Software Market - By Deployment Type
- Cloud
- On-Premise
North America Funeral Home Software Market - By Organization Size
- Large Enterprises
- SMEs
North America Funeral Home Software Market - By Country
- US
- Canada
- Mexico
North America Funeral Home Software Market - Company Profiles
- CRäKN, LLC
- FrontRunner Professional
- Funeraltech
- Halcyon
- Osiris Software (Funeral Director’s)
- SRS Computing
- Aldor Solutions
- Continental Computers, Inc.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 North America Funeral Home Software Market – By Deployment Type
1.3.2 North America Funeral Home Software Market – By Organization Size
1.3.3 North America Funeral Home Software Market - By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Funeral Home Software Market Landscape
4.1 Market Overview
4.2 North America PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. North America Funeral Home Software Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising adoption of integrated management platform
5.2 Market Restraints
5.2.1 Increasing security concerns and strict government regulations
5.3 Market Opportunities
5.3.1 Growing demand for personalized products
5.4 Future Trends
5.4.1 Surge in number of start-ups and use of new technologies
5.5 Impact Analysis of Drivers and Restraints
6. North America Funeral Home Software Market Analysis
6.1 Overview
6.2 North America Funeral Home Software Market – Revenue and Forecast to 2027 (US$ Million)
6.3 North America Market Positioning – Five Key Players
7. North America Funeral Home Software Market Analysis – By Deployment Type
7.1 Overview
7.2 North America Funeral Home Software Market Breakdown, by Deployment Type, 2019 & 2027
7.3 On-Premise
7.3.1 Overview
7.3.2 On-Premise Market Revenue and Forecast to 2027 (US$ Million)
7.4 Cloud
7.4.1 Overview
7.4.2 Cloud Market Revenue and Forecast to 2027 (US$ Million)
8. North America Funeral Home Software Market Analysis– By Organization Size
8.1 Overview
8.2 North America Funeral Home Software Market Breakdown, By Organization Size, 2019 & 2027
8.3 Large Enterprises
8.3.1 Overview
8.3.2 Large Enterprises Market Forecast and Analysis
8.4 SMEs
8.4.1 Overview
8.4.2 SMEs Market Forecast and Analysis
9. North America Funeral Home Software Market – Country Analysis
9.1 Overview
9.1.1 North America: Funeral Home Software Market, by Key Country
9.1.1.1 US: Funeral Home Software Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.1.1 US: Funeral Home Software Market, by Deployment Type
9.1.1.1.2 US: Funeral Home Software Market, by Organization Size
9.1.1.2 Canada: Funeral Home Software Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.2.1 Canada: Funeral Home Software Market, by Deployment Type
9.1.1.2.2 Canada: Funeral Home Software Market, by Organization Size
9.1.1.3 Mexico: Funeral Home Software Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.3.1 Mexico: Funeral Home Software Market, by Deployment Type
9.1.1.3.2 Mexico: Funeral Home Software Market, by Organization Size
10. North America Funeral Home Software Market - COVID-19 Impact Analysis
10.1 North America: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Market Initiative
12. Company Profiles
12.1 CRäKN, LLC
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 FrontRunner Professional
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Funeraltech
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Halcyon
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Osiris Software (Funeral Director’s)
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 SRS Computing
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Aldor Solutions
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Continental Computers, Inc.
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. North America Funeral Home Software Market – Revenue and Forecast to 2027 (US$ Million)
Table 2. US: Funeral Home Software Market, by Deployment Type –Revenue and Forecast to 2027 (US$ Million)
Table 3. US: Funeral Home Software Market, by Organization Size –Revenue and Forecast to 2027 (US$ Million)
Table 4. Canada: Funeral Home Software Market, by Deployment Type –Revenue and Forecast to 2027 (US$ Million)
Table 5. Canada: Funeral Home Software Market, by Organization Size –Revenue and Forecast to 2027 (US$ Million)
Table 6. Mexico: Funeral Home Software Market, by Deployment Type –Revenue and Forecast to 2027 (US$ Million)
Table 7. Mexico: Funeral Home Software Market, by Organization Size –Revenue and Forecast to 2027 (US$ Million)
Table 8. List of Abbreviation
LIST OF FIGURES
Figure 1. North America Funeral Home Software Market Segmentation
Figure 2. North America Funeral Home Software Market Segmentation – By Country
Figure 3. North America Funeral Home Software Market Overview
Figure 4. North America Cloud Segment held the Largest Share of Funeral Home Software Market, by Deployment Type
Figure 5. North America SMEs Segment held the Largest Share of Funeral Home Software Market, by Organization Size
Figure 6. Canada to Show Great Traction During Forecast Period, by Country
Figure 7. North America – PEST Analysis
Figure 8. North America Funeral Home Software Market – Ecosystem Analysis
Figure 9. North America Expert Opinion
Figure 10. North America Funeral Home Software Market: Impact Analysis of Drivers and Restraints
Figure 11. North America Funeral Home Software Market – Revenue and Forecast to 2027 (US$ Million)
Figure 12. North America Funeral Home Software Market Breakdown, by Deployment Type (2019 and 2027)
Figure 13. North America On-Premise Market Revenue and Forecast to 2027(US$ Million)
Figure 14. North America Cloud Market Revenue and Forecast to 2027(US$ Million)
Figure 15. North America Funeral Home Software Market Breakdown, By Organization Size, 2019 & 2027 (%)
Figure 16. North America Large Enterprises Market Revenue and Forecast to 2027 (US$ Million)
Figure 17. North America SMEs Market Revenue and Forecast to 2027 (US$ Million)
Figure 18. North America: Funeral Home Software Market Revenue Share, by Key Country (2019 and 2027)
Figure 19. US: Funeral Home Software Market – Revenue and Forecast To 2027 (US$ Million)
Figure 20. Canada: Funeral Home Software Market – Revenue and Forecast To 2027 (US$ Million)
Figure 21. Mexico: Funeral Home Software Market – Revenue and Forecast To 2027 (US$ Million)
Figure 22. Impact of COVID-19 Pandemic in North American Country Markets
- CRäKN, LLC
- FrontRunner Professional
- Funeraltech
- Halcyon
- Osiris Software (Funeral Director’s)
- SRS Computing
- Aldor Solutions
- Continental Computers, Inc.
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America funeral home software market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the North America funeral home software market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth North America market trends and outlook coupled with the factors driving the funeral home software market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution