Artificial Intelligence

Global Mental Health Software Market to Reach US$4.5 Billion by the Year 2026

Published

2 years ago

January 20, 2022

New York, Jan. 20, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Mental Health Software Industry” – https://www.reportlinker.com/p05957344/?utm_source=GNW
These platforms bridge the gap between general or standalone healthcare solutions that are sometimes unable to deliver all functions needed by a practice. Mental health software enables health professionals to prepare a treatment plan for patients suffering from various behavioral ailments such as anxiety, addiction, stress, and anxiety. Mental health software allows physicians, therapists and other users to simplify patient-facing and front-office workflows. Supporting mental health is now considered an important component for overall health and becoming a global priority. The application of health information technology (HIT) provides participants with considerable opportunities to improve mental healthcare. Stakeholders need to consider computerized clinical decision support to treat people who don`t respond to telemedicine, initial drug trials and computer-based adaptation of psychosocial treatments intended for people suffering from SMI. Moreover, the training of HIT along with integration of the technology into behavioral health settings facilitates cross-provider and interdisciplinary collaboration. Mental health software and tools address this ever-growing healthcare challenge. Solutions embedded with the science of mental health integration empower all individuals requiring care and the people closest to them with the capability to prioritize mental health by finding an inclusive and supportive pathway to overall wellness. Mental health software is anticipated to play an important role in extending availability of mental healthcare services to people living in remote areas or individuals amid emergencies like the COVID-19 pandemic.

Amid the COVID-19 crisis, the global market for Mental Health Software estimated at US$1.9 Billion in the year 2020, is projected to reach a revised size of US$4.5 Billion by 2026, growing at a CAGR of 14.9% over the analysis period. Software, one of the segments analyzed in the report, is projected to grow at a 15.4% CAGR to reach US$4.3 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Support Services segment is readjusted to a revised 12.5% CAGR for the next 7-year period. This segment currently accounts for a 18.2% share of the global Mental Health Software market. Advancements in artificial intelligence, voice recognition, and optical recognition technologies could enable online mental health software to make more accurate diagnosis and provide more personalized treatment. Mental health software also supports virtual reality (VR) treatments intended to assist patients in relieving trauma-related incidents in a safe, controlled environment like physician`s office.

The U.S. Market is Estimated at $806.1 Million in 2021, While China is Forecast to Reach $305.8 Million by 2026

The Mental Health Software market in the U.S. is estimated at US$806.1 Million in the year 2021. The country currently accounts for a 36.7% share in the global market. China, the world`s second largest economy, is forecast to reach an estimated market size of US$305.8 Million in the year 2026 trailing a CAGR of 18.1% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 12.8% and 14.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 14.2% CAGR while Rest of European market (as defined in the study) will reach US$217.7 Million by the end of the analysis period. Increasing US health reforms along with aging demography that require health services are factors driving growth in this region. Growing awareness of mental healthcare software across China and India is driving demand for the same in Asia Pacific.

Select Competitors (Total 143 Featured)

Cerner Corporation
Core Solutions, Inc.
Epic Systems Corporation
Mindlinc
Netsmart Technologies, Inc.
NextGen Healthcare Information Systems LLC
Qualifacts Systems, Inc.
Valant, Inc.
Welligent Inc.

Read the full report: https://www.reportlinker.com/p05957344/?utm_source=GNW

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
Impact of Covid-19 and a Looming Global Recession
2020: A Year of Disruption & Transformation
As the Race between the Virus & Vaccines Intensifies, Review of
the World Economy in 2021
EXHIBIT 1: World Economic Growth Projections (Real GDP, Annual
% Change) for 2020 through 2022
Pandemic Pulls Up Lever for Digital Mental Healthcare
EXHIBIT 2: Anxiety and Depression on Rise Amid the Pandemic:
Percentage of US Adults Displaying Symptoms of Anxiety and
Depressive Disorder (Jan-June 2019, May 2020, and December
2020)s
Mental Health Software: A Prelude
Key Benefits of Mental Health Software
An Insight into Mental Health Prevalence and Addressal
Select Mental Health Stats Worldwide
EXHIBIT 3: Global Prevalence of Mental Health Disorders by Type
Challenges Remain
Advanced Technologies to Create New Possibilities for Mental
Healthcare in the Future
Covid-19 Drives Investment, Bestows Mainstream Status to Mental
Health
EXHIBIT 4: Digital Behavioral Health Funding in US$ Million:
2015-2020
EXHIBIT 5: Mental Health Remains Top in Digital Health Funding:
Top Funded Clinical Indications in Q1-Q3 2021s
Start-ups Follow Unusual Routes to Deliver Mental Health Services
Select Startups in Digital Mental Healthcare Space
Recent Market Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
Digital Innovation Push Mental Health Software as New Frontier
in Access to Mental Health Support
Transforming Mental Healthcare
Technologies Exuding Potential to Transform Mental Health Space
Mental Healthcare Emerges as a Key Beneficiary of Big Data
Phenomenon
Big Data Analytics Play a Pivotal Role
Virtual Reality (VR) Makes Mental Health Therapy More Productive
Technology-Driven Boost for Mental Health Software
Remote Access and Low Costs Widen Adoption of Cloud based
Mental Health Solutions
Growing Use of EHR in Behavioral Health Organization to Drive
Growth
EMR Software Features Essential for Mental Health Professionals
Key Technologies Likely to Impact Next-Generation EHRs
Value-based care Model Drives Integrated Physical Health and
Behavioral Health Care
Rise in Focus on Mental Health Wellness in Workspace Drives
Adoption of Mental Health Platforms
EXHIBIT 6: Major Causes of Stress in the Workplace
COVID-19 Pandemic Amplifies Work Related Stress
Artificial Intelligence to Stir Next Wave of Growth in
Healthcare IT
Pandemic Reinforces the Power of AI in Mental Health Services
Delivery
AI- and ML-enabled Research for Geriatric Mental Health Research
Payer-Provider Healthcare Sector See Significant Changes
SMI Patient Population Impacted by Deficiency in Outpatient
Management Programs Offer Opportunities
Efforts to Address Opiate and Substance Use Disorder
Mobile Mental Healthcare Apps Come to the Fore
TeleHealth Evolves as a Useful Tool to Improve Accessibility to
Mental Health Care
Telehealth Holds Potential to Improve Pediatric Mental Health
Referrals
Behavioral Health in the Limelight as Substance Use Disorder Rise
Aligning Insurance Financing Systems with Outcomes
Schools Increasingly Realize the use of Behavioral Health
Software for Streamlining Mental Health Services
Integration of New Technologies with Existing Treatment
Modalities Increases Providers? Productivity
Increased Healthcare Spending to Drive Sales of Behavioral/
Mental Health Software
EXHIBIT 7: World Healthcare Expenditure (In US$ Billion) for
the Years 2017-2023

4. GLOBAL MARKET PERSPECTIVE
Table 1: World Current & Future Analysis for Mental Health
Software by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific, Latin America, Middle East and Africa
Markets – Independent Analysis of Annual Sales in US$ Thousand
for Years 2020 through 2027 and % CAGR

Table 2: World Historic Review for Mental Health Software by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Thousand for Years
2016 through 2019 and % CAGR

Table 3: World 11-Year Perspective for Mental Health Software
by Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa Markets for Years 2016, 2021 & 2027

Table 4: World Current & Future Analysis for Software by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Thousand for Years
2020 through 2027 and % CAGR

Table 5: World Historic Review for Software by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets – Independent Analysis
of Annual Sales in US$ Thousand for Years 2016 through 2019 and
% CAGR

Table 6: World 11-Year Perspective for Software by Geographic
Region – Percentage Breakdown of Value Sales for USA, Canada,
Japan, China, Europe, Asia-Pacific, Latin America, Middle East
and Africa for Years 2016, 2021 & 2027

Table 7: World Current & Future Analysis for Support Services
by Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Thousand for Years
2020 through 2027 and % CAGR

Table 8: World Historic Review for Support Services by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Thousand for Years
2016 through 2019 and % CAGR

Table 9: World 11-Year Perspective for Support Services by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2016, 2021 & 2027

Table 10: World Current & Future Analysis for Clinical by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Thousand for Years
2020 through 2027 and % CAGR

Table 11: World Historic Review for Clinical by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets – Independent Analysis
of Annual Sales in US$ Thousand for Years 2016 through 2019 and
% CAGR

Table 12: World 11-Year Perspective for Clinical by Geographic
Region – Percentage Breakdown of Value Sales for USA, Canada,
Japan, China, Europe, Asia-Pacific, Latin America, Middle East
and Africa for Years 2016, 2021 & 2027

Table 13: World Current & Future Analysis for Administrative by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Thousand for Years
2020 through 2027 and % CAGR

Table 14: World Historic Review for Administrative by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Thousand for Years
2016 through 2019 and % CAGR

Table 15: World 11-Year Perspective for Administrative by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2016, 2021 & 2027

Table 16: World Current & Future Analysis for Financial by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Thousand for Years
2020 through 2027 and % CAGR

Table 17: World Historic Review for Financial by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets – Independent Analysis
of Annual Sales in US$ Thousand for Years 2016 through 2019 and
% CAGR

Table 18: World 11-Year Perspective for Financial by Geographic
Region – Percentage Breakdown of Value Sales for USA, Canada,
Japan, China, Europe, Asia-Pacific, Latin America, Middle East
and Africa for Years 2016, 2021 & 2027

Table 19: World Current & Future Analysis for Providers by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Thousand for Years
2020 through 2027 and % CAGR

Table 20: World Historic Review for Providers by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets – Independent Analysis
of Annual Sales in US$ Thousand for Years 2016 through 2019 and
% CAGR

Table 21: World 11-Year Perspective for Providers by Geographic
Region – Percentage Breakdown of Value Sales for USA, Canada,
Japan, China, Europe, Asia-Pacific, Latin America, Middle East
and Africa for Years 2016, 2021 & 2027

Table 22: World Current & Future Analysis for Payers by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Thousand for Years
2020 through 2027 and % CAGR

Table 23: World Historic Review for Payers by Geographic Region –
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets – Independent Analysis
of Annual Sales in US$ Thousand for Years 2016 through 2019 and
% CAGR

Table 24: World 11-Year Perspective for Payers by Geographic
Region – Percentage Breakdown of Value Sales for USA, Canada,
Japan, China, Europe, Asia-Pacific, Latin America, Middle East
and Africa for Years 2016, 2021 & 2027

Table 25: World Current & Future Analysis for Patients by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Thousand for Years
2020 through 2027 and % CAGR

Table 26: World Historic Review for Patients by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets – Independent Analysis
of Annual Sales in US$ Thousand for Years 2016 through 2019 and
% CAGR

Table 27: World 11-Year Perspective for Patients by Geographic
Region – Percentage Breakdown of Value Sales for USA, Canada,
Japan, China, Europe, Asia-Pacific, Latin America, Middle East
and Africa for Years 2016, 2021 & 2027

III. MARKET ANALYSIS

UNITED STATES
Table 28: USA Current & Future Analysis for Mental Health
Software by Component – Software and Support Services –
Independent Analysis of Annual Sales in US$ Thousand for the
Years 2020 through 2027 and % CAGR

Table 29: USA Historic Review for Mental Health Software by
Component – Software and Support Services Markets – Independent
Analysis of Annual Sales in US$ Thousand for Years 2016 through
2019 and % CAGR

Table 30: USA 11-Year Perspective for Mental Health Software by
Component – Percentage Breakdown of Value Sales for Software
and Support Services for the Years 2016, 2021 & 2027

Table 31: USA Current & Future Analysis for Mental Health
Software by Function – Clinical, Administrative and Financial –
Independent Analysis of Annual Sales in US$ Thousand for the
Years 2020 through 2027 and % CAGR

Table 32: USA Historic Review for Mental Health Software by
Function – Clinical, Administrative and Financial Markets –
Independent Analysis of Annual Sales in US$ Thousand for Years
2016 through 2019 and % CAGR

Table 33: USA 11-Year Perspective for Mental Health Software by
Function – Percentage Breakdown of Value Sales for Clinical,
Administrative and Financial for the Years 2016, 2021 & 2027

Table 34: USA Current & Future Analysis for Mental Health
Software by End-Use – Providers, Payers and Patients –
Independent Analysis of Annual Sales in US$ Thousand for the
Years 2020 through 2027 and % CAGR

Table 35: USA Historic Review for Mental Health Software by
End-Use – Providers, Payers and Patients Markets – Independent
Analysis of Annual Sales in US$ Thousand for Years 2016 through
2019 and % CAGR

Table 36: USA 11-Year Perspective for Mental Health Software by
End-Use – Percentage Breakdown of Value Sales for Providers,
Payers and Patients for the Years 2016, 2021 & 2027

CANADA
Table 37: Canada Current & Future Analysis for Mental Health
Software by Component – Software and Support Services –
Independent Analysis of Annual Sales in US$ Thousand for the
Years 2020 through 2027 and % CAGR

Table 38: Canada Historic Review for Mental Health Software by
Component – Software and Support Services Markets – Independent
Analysis of Annual Sales in US$ Thousand for Years 2016 through
2019 and % CAGR

Table 39: Canada 11-Year Perspective for Mental Health Software
by Component – Percentage Breakdown of Value Sales for Software
and Support Services for the Years 2016, 2021 & 2027

Table 40: Canada Current & Future Analysis for Mental Health
Software by Function – Clinical, Administrative and Financial –
Independent Analysis of Annual Sales in US$ Thousand for the
Years 2020 through 2027 and % CAGR

Table 41: Canada Historic Review for Mental Health Software by
Function – Clinical, Administrative and Financial Markets –
Independent Analysis of Annual Sales in US$ Thousand for Years
2016 through 2019 and % CAGR

Table 42: Canada 11-Year Perspective for Mental Health Software
by Function – Percentage Breakdown of Value Sales for Clinical,
Administrative and Financial for the Years 2016, 2021 & 2027

Table 43: Canada Current & Future Analysis for Mental Health
Software by End-Use – Providers, Payers and Patients –
Independent Analysis of Annual Sales in US$ Thousand for the
Years 2020 through 2027 and % CAGR

Table 44: Canada Historic Review for Mental Health Software by
End-Use – Providers, Payers and Patients Markets – Independent
Analysis of Annual Sales in US$ Thousand for Years 2016 through
2019 and % CAGR

Table 45: Canada 11-Year Perspective for Mental Health Software
by End-Use – Percentage Breakdown of Value Sales for Providers,
Payers and Patients for the Years 2016, 2021 & 2027

JAPAN
Table 46: Japan Current & Future Analysis for Mental Health
Software by Component – Software and Support Services –
Independent Analysis of Annual Sales in US$ Thousand for the
Years 2020 through 2027 and % CAGR

Table 47: Japan Historic Review for Mental Health Software by
Component – Software and Support Services Markets – Independent
Analysis of Annual Sales in US$ Thousand for Years 2016 through
2019 and % CAGR

Table 48: Japan 11-Year Perspective for Mental Health Software
by Component – Percentage Breakdown of Value Sales for Software
and Support Services for the Years 2016, 2021 & 2027

Table 49: Japan Current & Future Analysis for Mental Health
Software by Function – Clinical, Administrative and Financial –
Independent Analysis of Annual Sales in US$ Thousand for the
Years 2020 through 2027 and % CAGR

Table 50: Japan Historic Review for Mental Health Software by
Function – Clinical, Administrative and Financial Markets –
Independent Analysis of Annual Sales in US$ Thousand for Years
2016 through 2019 and % CAGR

Table 51: Japan 11-Year Perspective for Mental Health Software
by Function – Percentage Breakdown of Value Sales for Clinical,
Administrative and Financial for the Years 2016, 2021 & 2027

Table 52: Japan Current & Future Analysis for Mental Health
Software by End-Use – Providers, Payers and Patients –
Independent Analysis of Annual Sales in US$ Thousand for the
Years 2020 through 2027 and % CAGR

Table 53: Japan Historic Review for Mental Health Software by
End-Use – Providers, Payers and Patients Markets – Independent
Analysis of Annual Sales in US$ Thousand for Years 2016 through
2019 and % CAGR

Table 54: Japan 11-Year Perspective for Mental Health Software
by End-Use – Percentage Breakdown of Value Sales for Providers,
Payers and Patients for the Years 2016, 2021 & 2027

CHINA
Table 55: China Current & Future Analysis for Mental Health
Software by Component – Software and Support Services –
Independent Analysis of Annual Sales in US$ Thousand for the
Years 2020 through 2027 and % CAGR

Table 56: China Historic Review for Mental Health Software by
Component – Software and Support Services Markets – Independent
Analysis of Annual Sales in US$ Thousand for Years 2016 through
2019 and % CAGR

Table 57: China 11-Year Perspective for Mental Health Software
by Component – Percentage Breakdown of Value Sales for Software
and Support Services for the Years 2016, 2021 & 2027

Table 58: China Current & Future Analysis for Mental Health
Software by Function – Clinical, Administrative and Financial –
Independent Analysis of Annual Sales in US$ Thousand for the
Years 2020 through 2027 and % CAGR

Table 59: China Historic Review for Mental Health Software by
Function – Clinical, Administrative and Financial Markets –
Independent Analysis of Annual Sales in US$ Thousand for Years
2016 through 2019 and % CAGR

Table 60: China 11-Year Perspective for Mental Health Software
by Function – Percentage Breakdown of Value Sales for Clinical,
Administrative and Financial for the Years 2016, 2021 & 2027

Table 61: China Current & Future Analysis for Mental Health
Software by End-Use – Providers, Payers and Patients –
Independent Analysis of Annual Sales in US$ Thousand for the
Years 2020 through 2027 and % CAGR

Table 62: China Historic Review for Mental Health Software by
End-Use – Providers, Payers and Patients Markets – Independent
Analysis of Annual Sales in US$ Thousand for Years 2016 through
2019 and % CAGR

Table 63: China 11-Year Perspective for Mental Health Software
by End-Use – Percentage Breakdown of Value Sales for Providers,
Payers and Patients for the Years 2016, 2021 & 2027

EUROPE
Table 64: Europe Current & Future Analysis for Mental Health
Software by Geographic Region – France, Germany, Italy, UK,
Spain, Russia and Rest of Europe Markets – Independent Analysis
of Annual Sales in US$ Thousand for Years 2020 through 2027 and
% CAGR

Table 65: Europe Historic Review for Mental Health Software by
Geographic Region – France, Germany, Italy, UK, Spain, Russia
and Rest of Europe Markets – Independent Analysis of Annual
Sales in US$ Thousand for Years 2016 through 2019 and % CAGR

Table 66: Europe 11-Year Perspective for Mental Health Software
by Geographic Region – Percentage Breakdown of Value Sales for
France, Germany, Italy, UK, Spain, Russia and Rest of Europe
Markets for Years 2016, 2021 & 2027

Table 67: Europe Current & Future Analysis for Mental Health
Software by Component – Software and Support Services –
Independent Analysis of Annual Sales in US$ Thousand for the
Years 2020 through 2027 and % CAGR

Table 68: Europe Historic Review for Mental Health Software by
Component – Software and Support Services Markets – Independent
Analysis of Annual Sales in US$ Thousand for Years 2016 through
2019 and % CAGR

Table 69: Europe 11-Year Perspective for Mental Health Software
by Component – Percentage Breakdown of Value Sales for Software
and Support Services for the Years 2016, 2021 & 2027

Table 70: Europe Current & Future Analysis for Mental Health
Software by Function – Clinical, Administrative and Financial –
Independent Analysis of Annual Sales in US$ Thousand for the
Years 2020 through 2027 and % CAGR

Table 71: Europe Historic Review for Mental Health Software by
Function – Clinical, Administrative and Financial Markets –
Independent Analysis of Annual Sales in US$ Thousand for Years
2016 through 2019 and % CAGR

Table 72: Europe 11-Year Perspective for Mental Health Software
by Function – Percentage Breakdown of Value Sales for Clinical,
Administrative and Financial for the Years 2016, 2021 & 2027

Table 73: Europe Current & Future Analysis for Mental Health
Software by End-Use – Providers, Payers and Patients –
Independent Analysis of Annual Sales in US$ Thousand for the
Years 2020 through 2027 and % CAGR

Table 74: Europe Historic Review for Mental Health Software by
End-Use – Providers, Payers and Patients Markets – Independent
Analysis of Annual Sales in US$ Thousand for Years 2016 through
2019 and % CAGR

Table 75: Europe 11-Year Perspective for Mental Health Software
by End-Use – Percentage Breakdown of Value Sales for Providers,
Payers and Patients for the Years 2016, 2021 & 2027

FRANCE
Table 76: France Current & Future Analysis for Mental Health
Software by Component – Software and Support Services –
Independent Analysis of Annual Sales in US$ Thousand for the
Years 2020 through 2027 and % CAGR

Table 77: France Historic Review for Mental Health Software by
Component – Software and Support Services Markets – Independent
Analysis of Annual Sales in US$ Thousand for Years 2016 through
2019 and % CAGR

Table 78: France 11-Year Perspective for Mental Health Software
by Component – Percentage Breakdown of Value Sales for Software
and Support Services for the Years 2016, 2021 & 2027

Table 79: France Current & Future Analysis for Mental Health
Software by Function – Clinical, Administrative and Financial –
Independent Analysis of Annual Sales in US$ Thousand for the
Years 2020 through 2027 and % CAGR

Table 80: France Historic Review for Mental Health Software by
Function – Clinical, Administrative and Financial Markets –
Independent Analysis of Annual Sales in US$ Thousand for Years
2016 through 2019 and % CAGR

Table 81: France 11-Year Perspective for Mental Health Software
by Function – Percentage Breakdown of Value Sales for Clinical,
Administrative and Financial for the Years 2016, 2021 & 2027

Table 82: France Current & Future Analysis for Mental Health
Software by End-Use – Providers, Payers and Patients –
Independent Analysis of Annual Sales in US$ Thousand for the
Years 2020 through 2027 and % CAGR

Table 83: France Historic Review for Mental Health Software by
End-Use – Providers, Payers and Patients Markets – Independent
Analysis of Annual Sales in US$ Thousand for Years 2016 through
2019 and % CAGR

Table 84: France 11-Year Perspective for Mental Health Software
by End-Use – Percentage Breakdown of Value Sales for Providers,
Payers and Patients for the Years 2016, 2021 & 2027

GERMANY
Table 85: Germany Current & Future Analysis for Mental Health
Software by Component – Software and Support Services –
Independent Analysis of Annual Sales in US$ Thousand for the
Years 2020 through 2027 and % CAGR

Table 86: Germany Historic Review for Mental Health Software by
Component – Software and Support Services Markets – Independent
Analysis of Annual Sales in US$ Thousand for Years 2016 through
2019 and % CAGR

Table 87: Germany 11-Year Perspective for Mental Health
Software by Component – Percentage Breakdown of Value Sales for
Software and Support Services for the Years 2016, 2021 & 2027

Table 88: Germany Current & Future Analysis for Mental Health
Software by Function – Clinical, Administrative and Financial –
Independent Analysis of Annual Sales in US$ Thousand for the
Years 2020 through 2027 and % CAGR

Table 89: Germany Historic Review for Mental Health Software by
Function – Clinical, Administrative and Financial Markets –
Independent Analysis of Annual Sales in US$ Thousand for Years
2016 through 2019 and % CAGR

Table 90: Germany 11-Year Perspective for Mental Health
Software by Function – Percentage Breakdown of Value Sales for
Clinical, Administrative and Financial for the Years 2016, 2021 &
2027

Table 91: Germany Current & Future Analysis for Mental Health
Software by End-Use – Providers, Payers and Patients –
Independent Analysis of Annual Sales in US$ Thousand for the
Years 2020 through 2027 and % CAGR

Table 92: Germany Historic Review for Mental Health Software by
End-Use – Providers, Payers and Patients Markets – Independent
Analysis of Annual Sales in US$ Thousand for Years 2016 through
2019 and % CAGR

Table 93: Germany 11-Year Perspective for Mental Health
Software by End-Use – Percentage Breakdown of Value Sales for
Providers, Payers and Patients for the Years 2016, 2021 & 2027

ITALY
Table 94: Italy Current & Future Analysis for Mental Health
Software by Component – Software and Support Services –
Independent Analysis of Annual Sales in US$ Thousand for the
Years 2020 through 2027 and % CAGR

Table 95: Italy Historic Review for Mental Health Software by
Component – Software and Support Services Markets – Independent
Analysis of Annual Sales in US$ Thousand for Years 2016 through
2019 and % CAGR

Table 96: Italy 11-Year Perspective for Mental Health Software
by Component – Percentage Breakdown of Value Sales for Software
and Support Services for the Years 2016, 2021 & 2027

Table 97: Italy Current & Future Analysis for Mental Health
Software by Function – Clinical, Administrative and Financial –
Independent Analysis of Annual Sales in US$ Thousand for the
Years 2020 through 2027 and % CAGR

Table 98: Italy Historic Review for Mental Health Software by
Function – Clinical, Administrative and Financial Markets –
Independent Analysis of Annual Sales in US$ Thousand for Years
2016 through 2019 and % CAGR

Table 99: Italy 11-Year Perspective for Mental Health Software
by Function – Percentage Breakdown of Value Sales for Clinical,
Administrative and Financial for the Years 2016, 2021 & 2027

Table 100: Italy Current & Future Analysis for Mental Health
Software by End-Use – Providers, Payers and Patients –
Independent Analysis of Annual Sales in US$ Thousand for the
Years 2020 through 2027 and % CAGR

Table 101: Italy Historic Review for Mental Health Software by
End-Use – Providers, Payers and Patients Markets – Independent
Analysis of Annual Sales in US$ Thousand for Years 2016 through
2019 and % CAGR

Table 102: Italy 11-Year Perspective for Mental Health Software
by End-Use – Percentage Breakdown of Value Sales for Providers,
Payers and Patients for the Years 2016, 2021 & 2027

UNITED KINGDOM
Table 103: UK Current & Future Analysis for Mental Health
Software by Component – Software and Support Services –
Independent Analysis of Annual Sales in US$ Thousand for the
Years 2020 through 2027 and % CAGR

Table 104: UK Historic Review for Mental Health Software by
Component – Software and Support Services Markets – Independent
Analysis of Annual Sales in US$ Thousand for Years 2016 through
2019 and % CAGR

Table 105: UK 11-Year Perspective for Mental Health Software by
Component – Percentage Breakdown of Value Sales for Software
and Support Services for the Years 2016, 2021 & 2027

Table 106: UK Current & Future Analysis for Mental Health
Software by Function – Clinical, Administrative and Financial –
Independent Analysis of Annual Sales in US$ Thousand for the
Years 2020 through 2027 and % CAGR

Table 107: UK Historic Review for Mental Health Software by
Function – Clinical, Administrative and Financial Markets –
Independent Analysis of Annual Sales in US$ Thousand for Years
2016 through 2019 and % CAGR

Table 108: UK 11-Year Perspective for Mental Health Software by
Function – Percentage Breakdown of Value Sales for Clinical,
Administrative and Financial for the Years 2016, 2021 & 2027

Table 109: UK Current & Future Analysis for Mental Health
Software by End-Use – Providers, Payers and Patients –
Independent Analysis of Annual Sales in US$ Thousand for the
Years 2020 through 2027 and % CAGR

Table 110: UK Historic Review for Mental Health Software by
End-Use – Providers, Payers and Patients Markets – Independent
Analysis of Annual Sales in US$ Thousand for Years 2016 through
2019 and % CAGR

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VeriPark and FICO Announce Strategic Partnership to Transform Financial Services

Published

8 mins ago

June 26, 2024

CISION (PR Newswire)

ISTANBUL, June 26, 2024 /PRNewswire/ — VeriPark and FICO have launched a partnership to revolutionize the financial services sector through AI-driven decision making and digital transformation.

The collaboration between VeriPark, a global provider of innovative digital solutions, and FICO, a renowned analytics software company, will enhance decision-making and promote financial inclusion across Turkey, the Middle East, Africa, Asia and CIS regions.
Combining FICO’s decision automation, optimization and omnichannel communications capabilities with VeriPark’s customer engagement, omni-channel delivery, branch automation and loan origination solutions, the partnership aims to improve customer experience and accelerate digital transformation.
“We are excited to bring FICO’s cutting-edge technology to our region. This collaboration will enhance customer experiences and operational efficiency across the financial services sector. Integrating FICO’s technology with our solutions represents a significant leap forward, ensuring we stay ahead in a rapidly changing environment. We look forward to showcasing our joint success stories soon,” said Ozkan Erener, CEO of VeriPark.
“The combination of FICO and VeriPark’s strengths brings a unique blend of innovation to the market. Our goal is to help build a better society by bringing more people into the banking system, and our partnership with VeriPark is a critical step towards achieving that. FICO has been working with AI since 1992, and we are eager to introduce this long-standing expertise to businesses in this region through our collaboration with VeriPark.” said Alexandre Graff, Vice President of Global Partners & Alliances, FICO.
About VeriPark (https://www.veripark.com)VeriPark is a global solutions provider enabling financial institutions to become digital leaders with its Intelligent Customer Experience suite. With offices located in United Kingdom, Europe, the United States & Canada, Asia, Africa and the Middle East, VeriPark is helping businesses to enhance their customer acquisition, retention and cross-sell capabilities by providing proven, secure and scalable Customer Relationship Management, Omni-Channel Delivery, Branch Automation, and Loan Origination solutions.
About FICO (https://www.fico.com/)FICO powers decisions that help people and businesses around the world prosper. Founded in 1956, the company is a pioneer in the use of predictive analytics and data science to improve operational decisions. FICO holds more than 200 US and foreign patents on technologies that increase profitability, customer satisfaction and growth for businesses in financial services, insurance, telecommunications, health care, retail and many other industries.
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Artificial Intelligence

Altair Names Devoteam Channel Partner for the EMEA Region

Published

8 mins ago

June 26, 2024

CISION (PR Newswire)

altair-names-devoteam-channel-partner-for-the-emea-region

Devoteam to offer Altair’s leading data analytics and AI solutions throughout the EMEA region
TROY, Mich., June 26, 2024 /PRNewswire/ — Altair (Nasdaq: ALTR), a global leader in computational intelligence, is thrilled to welcome Devoteam as a new channel partner for the EMEA region. Within the partnership, Devoteam will offer Altair’s leading data analytics and artificial intelligence (AI) solutions to its customers throughout the EMEA region.

“Partnering with Devoteam underscores our dedication to shaping the future of technology,” said Kimon Afsaridis, managing director of Eastern Europe and vice president of indirect EMEA sales, Altair. “This partnership marks a pivotal moment in our global expansion strategy, reinforcing our mission to lead and innovate in AI and beyond.”
“Together, Devoteam and Altair will help industrial companies harness the power of data to improve their efficiency, productivity, and competitiveness,” said Pablo Martin, industry and retail business unit director, Devoteam. “This collaboration is an important step in our commitment to help companies, particularly in the industrial sector, better their digital transformation efforts.”
Devoteam boasts more than 25 years of passion for tech and more than 11,000 tech-native specialists in offices in 25 countries. The company believes that technology combined with strong human values can drive change for the better, and specializes in managing large-scale projects while remaining agile enough to deliver customized solutions.
Altair works with a global network of channel and technology partners. To learn more or to become a partner, visit https://altair.com/altair-partners.
About Altair
Altair is a global leader in computational intelligence that provides software and cloud solutions in simulation, high-performance computing (HPC), data analytics, and AI. Altair enables organizations across all industries to compete more effectively and drive smarter decisions in an increasingly connected world – all while creating a greener, more sustainable future. To learn more, please visit https://www.altair.com.
Media contacts
Altair Corporate
Altair Investor Relations
Bridget Hagan
Stephen Palmtag
+1.216.769.2658
+1.669.328.9111
[email protected]
[email protected]
Altair Europe/The Middle East/Africa
Charlotte Hartmann
+49 7031 6208 0
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Artificial Intelligence

IBM Study: Fan Engagement and Consumption of Sports Shifting, Reveals New Opportunities for Technology Integrations including AI

Published

8 mins ago

June 26, 2024

CISION (PR Newswire)

ibm-study:-fan-engagement-and-consumption-of-sports-shifting,-reveals-new-opportunities-for-technology-integrations-including-ai

International sports fans surveyed are optimistic about the impact of technologies like AI on their digital sports experiences.Real-time updates and personalized content rank as top priorities for fans when it comes to how generative AI can enhance following and engaging with sports events.Younger sports fans overwhelmingly embrace AI-powered experiences and digital platforms for sports content consumption and engagement.ARMONK, N.Y., June 26, 2024 /PRNewswire/ — As sports fans worldwide tune in to a myriad of athletic events this summer, new research commissioned by IBM (NYSE: IBM) reveals a growing generational shift and acceptance of technology-driven experiences that will impact the future of sports consumption.

The international study*, conducted by Morning Consult, gathers insights from more than 18,000 sports fans across 10 countries to better understand both how they follow and engage with sports, including live coverage, highlights, and summaries, as well as preferences for future engagement and consumption. The findings confirm that fans are prioritizing more personalized and time-saving digital sports content, with the majority recognizing the positive impact technologies like artificial intelligence (AI) will have on these experiences.
The data also confirms that younger sports fans are more likely to favor AI-enhanced features as they increasingly turn to digital platforms for sports content. Surveyed fans aged 18-29 are using a mobile phone or tablet as their primary device to watch sporting events more often than older fans, with subscription streaming of live sporting events being most popular among the younger age group. More than half (58%) of 18-29 year old respondents also believe AI will have a positive impact on sports.
Alternatively, respondents from older age groups remain loyal to traditional methods of consumption, with linear broadcasting being most popular among fans 45+. Forty percent of surveyed fans over the age of 55 believe AI will have a positive impact on sports.
“Fans worldwide are continuing to embrace platforms and solutions that allow them to feel more connected and informed on their favorite sporting events and athletes, and IBM’s new study confirms this now includes embracing technologies like AI to deliver these experiences,” said Noah Syken, Vice President, Sports and Entertainment Partnerships. “IBM’s longstanding portfolio of Sports and Entertainment partnerships aims to deliver on these expectations from fans by putting in the hands of our partners the most advanced IBM technologies from our AI and data platform watsonx.”
Other key study findings include:
Fans are optimistic about the impact of technology on sports, paving the way for generative AI powered experiences
63% of respondents point to data analytics as having the most positive impact on sports, while 50% of respondents think AI will have a positive impact.When it comes to how generative AI can improve engagement, surveyed sports fans identify real-time updates (34%) and personalized content (29%) as the top priorities.India, UAE and Saudi Arabia rank the highest in countries where fans are prioritizing real-time updates and personalized content powered by generative AI.Fans now prioritize personalized, bite-sized content when it comes to their consumption of sport content
More than half (56%) of respondents turn to social media for additional sports content; 46% are getting additional content from broadcast/video news while 35% are turning to news articles.64% of those fans engaging in additional sports content are viewing highlight videos of best moments; 48% are consuming post-match recaps and analysis.Among those engaging in additional sports content, respondents rank summarized content (33%) as their top priority followed by personalized content (26%).Sports fans are watching event summaries more often, with 41% of respondents indicating they watch summaries or highlights weekly; 24% report daily engagement.Younger fans may be reshaping how consumers experience sports content, as they engage with content via multiple screens and are more likely to favor AI-powered enhancements
Younger fans (18-29) are most likely to view sports highlights through social media over other platforms.When it comes to consuming sports content, fans aged between 18-29 are more likely to rank personalized content as their top priority.Fans aged 18-29 are more likely to rate AI improvements as high priority, with real-time updates (40%) and personalized content (36%) topping the list of priorities.While real-time updates (26%) and personalized content (19%) also top the list of AI improvement priorities among older fans (55+), these respondents are much less likely to consider AI improvements a high priority.Younger fans are also more likely to be using multiple devices while engaging with sporting events than older fans (55+). 10% of younger fans surveyed use three or more devices while watching sports compared to only 2% of older fans.While TV is the most common method for viewing sports, fans are increasingly using multiple devices to follow sporting events
64% of surveyed fans say linear or streaming TV is their top choice for watching sports.31% of respondents say they are most likely to watch a live sporting event on linear broadcast; 28% say they use a subscription streaming service and 23% use a free streaming serviceSubscription streaming of live sporting events is most popular among younger fans aged between 18-29.Mobile devices are a noteworthy alternative for watching sports, with 20% of consumers reporting it is the top way they watch sporting events and 38% saying it is their second most likely options.28% of surveyed sports fans use at least two devices while watching sporting events; 24% report they use at least two devices while listening to sportsFans between 18-44 are more likely to be using three or more devices.Respondents rank multi-tasking as the top reason for using multiple devices when consuming sports, followed by finding more game information while watching or listening to the sport.To view the full study, visit: https://newsroom.ibm.com/image/IBM+Global+Sports+Attitudes+and+Behaviors+Report+June+2024.pdf
*Study MethodologyThis survey was conducted in May 2024 among a total sample of 18,082 sports fans 18+ in the US, Canada, the UK, France, Germany, Italy, Spain, India, the UAE, and Saudi Arabia. The interviews for each country were conducted online, and the data is unweighted, with ~2,000 responses per market in the US, Canada, the UK, France, Germany, Italy, Spain, and India and ~1,000 responses per market in the UAE and Saudi Arabia.
To qualify for this survey respondents must be at least an average sports fan and follow one or more of the following sports: Soccer, Cricket, Tennis, Basketball, Baseball, Rugby, Golf, American football, F1 racing, Track and field, Swimming, and the Olympics.
About IBMIBM is a leading provider of global hybrid cloud and AI, and consulting expertise. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Thousands of government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and consulting deliver open and flexible options to our clients. All of this is backed by IBM’s long-standing commitment to trust, transparency, responsibility, inclusivity and service. Visit www.ibm.com for more information.
Media Contacts:
Sarah BenchaitaIBM Corporate [email protected]
Marisa ConwayIBM Corporate [email protected]
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