Albany, NY -- (SBWIRE) -- 03/05/2018 -- Mental health or behavioral health studies the biology of a person in terms of emotions, mental well-being, concept of self, ability to function, and behavior in daily life. The behavioral health software is customized software used by psychologists in order to monitor and figure out the behavioral traits in the patients. With these softwares, the psychologists prescribe the medicines and therapies to the patients suffering from addiction, anxiety, depression, and so on.

The behavioral health software market is foreseen to be driven by rise in healthcare expenses, improvement in funding from government in with respect to adoption of the software in healthcare services, more stress by clinicians on giving quality care to patients, and the repeating prerequisite of support services for the behavioral health software. In addition, decrease in the social shame related with behavioral health treatment is anticipated to help the development of the global behavioral health software market. In any case, absence of awareness about behavioral health software among clinicians in the developing markets of the Middle East and Africa and Asia Pacific, lack of skilled doctors, data security issues, rising concern regarding privacy issues and data breaches are likely to hamper the market growth.

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The global behavioral health software market is categorized on the basis of functionality, component, delivery model, regions, and end-user. On the basis of component, the market is bifurcated into software and support services. The software segment is further segmented into standalone software and integrated software. On the basis of delivery model, the global behavioral health software market is categorized into ownership model and subscription model. Based on functionality, the market is classified into financial, clinical, and administrative. The clinical segment is further divided into telehealth, clinical decision support systems, electronic health records (EHRs), and so on. Moreover, the financial segment is segregated into managed care, revenue cycle management, and others. The administrative segment is sub-divided into business intelligence, case management, workforce management, and some others. As per the end-user, the global behavioral health software market is categorized into payers and providers. The providers segment is divided into clinics, hospitals, and private practices.

Based on geographical regions, the global behavioral health software market is classified into Europe, North America, Asia Pacific, the Middle East & Africa, and Latin America. Among these, the North America region held the maximum shares in the global market in 2016, as far as revenue is concerned. The region is expected to keep on dominating the other regions in coming year as well. The major factors behind the growth of this region are increased awareness among the masses, increase in number of people suffering from poor behavioral health, and increase in adoption of behavioral health software. The market in Europe is expected to grow at a high CAGR within the forecast period from 2017 to 2025 attributable to rise in access to behavioral health care, increased in occurrence of behavioral issue, and government activities for spreading awareness about behavioral health. Slow development in Latin America, Asia Pacific, and the Middle East and Africa can be ascribed to the absence of awareness among individuals about behavioral health and social stigma related with behavioral or psychological wellness.

InSync Healthcare Solutions, Cerner Corporation, Valant, Inc., NextStep Solutions, Core Solutions, Inc., Qualifacts, Advanced Data Systems Corporation, Netsmart Technologies, Mediware Information Systems, Accumedic, Welligent, Inc., and Compulink are among the major players leading the global behavioral health software market.

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