Market Overview
Mental health refers to the level of psychological comfort and well-being or absence of mental illness. In layman’s terms, it is the state of someone who is functioning at a satisfactory level of emotional and behavioral adjustment. Mental health software is a specialty software that allows behavioral health professionals to choose the best treatment plan for a person suffering from depression, stress, addiction, anxiety, etc. based on patient records and medical evidence. The software enables users to schedule online appointments and provides medical bill payments via mobile devices namely smartphones or laptops. Moreover, it can retrieve pharmacy, laboratory, and radiology data observations on the patients that are being treated. It also offers a detailed report focusing on the individual patient’s needs.

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The global Mental Health Software Market was accounted for US$ 3,539.2 Mn in terms of value in 2019 and is expected to grow at CAGR of 12.7% for the period 2019-2027

Market Dynamics- Drivers
Availability of innovative healthcare solutions and services is expected to drive growth of the global mental health software market during the forecast period
Mental healthcare solutions and services are focused on investing in research and development activities, in order to provide customer-centric solutions. Moreover, growing competition is influencing companies to launch innovative offerings and upgrade the existing ones, in order to expand product portfolio. For instance, in 2014, Core Solutions Inc. launched the Cx360 mobile behavioral health EHR application. This mobile application provides single sign-on access to clinic and client demographics. This app allows the user to create and review contacts, appointments, treatment plants and diagnosis, among others
Growing geriatric population worldwide is expected to propel the global mental health software market growth over the forecast period
Growing geriatric population coupled with increasing incidence of chronic diseases is expected to boost the demand for eHealth solutions to monitor patients located at remote locations. This, in turn, is expected to increase adoption of digital technologies by healthcare organizations and thereby boost growth of the global mental health software market growth in the near future.
North America region dominated the global Mental Health Software Market in 2019, accounting for 42.8%% share in terms of value, followed by Europe, Asia Pacific, Latin America and Middle East and Africa respectively.

Market Trends
Increasing merger and acquisition activities among key market players
Key players in the global mental health software market are focused on mergers and acquisitions, in order to enhance their technological capabilities and gain a competitive edge in the market. For instance, in 2015, Quality System Inc. (QSI) acquired Gennius Inc., a leading provider of healthcare analytics, in order to enhance its analytics competencies by expanding its business intelligence capabilities. Furthermore, in September 2015, Cerner Corporation acquired Siemens AG's health Information technology in order to expand its client base and increase its presence in the global market. The acquisition was valued at US$ 1.37 Bn. This trend is expected to continue during the forecast period.
Growing adoption of cloud-based services is another major trend in the market
Increasing adoption of cloud-based services and solutions in the healthcare industry is the latest trend in the market. A vast number of service providers are offering cloud-based services that host clinical application and data, health information exchange, data backup, and disaster recovery. For instance, in October 2013, Salisbury Behavioral Health deployed Evolve IP, LLC’s cloud-based unified communications / IP phone system and network services. In September 2015, Central Virginia Health Services deployed eClinicalWorks’ cloud-based electronic health record (EHR). Furthermore, cloud-based solutions are relatively cost-effective as compared to on premise software solutions. Major market players are expected to capitalize on this trend by introducing cloud-based mental health solutions and services, in order to expand their consumer base.
Market Taxonomy
This report segments the Global Mental Health Software Market on the basis of mode of deployment, Mode of Access, Function, Application and Region. On the basis of Mode of Deployment, Global Mental Health Software Market is segmented into On-premise and Subscription (Cloud-based). On the basis of Mode of Access, the Global Mental Health Software Market is segmented into Desktops/Laptops and Tablets/Smartphones. On the basis of Function, the Global Mental Health Software Market is segmented into Telehealth, Payroll, Revenue Cycle Management (RCM),Ledger, Business Intelligence, Electronic Health Record (EHR) and Clinical Decision Support. On the basis of Application, the Global Mental Health Software Market is segmented into Commercial, Hospitals and Clinics, Others(Psychiatrists, Social Workers, Psychologists, Counsellors, Nurse Practitioners, Group Therapists) and Residential. On the basis of region, Global Mental Health Software Market is segmented into North America, Latin America, Europe, Asia pacific, Middle East and Africa.

Key features of the study:

• This report provides an in-depth analysis of the Global Mental Health Software Market and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2019-2027), considering 2019 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
• It profiles leading players in the global Mental Health Software Market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• These key market players are focusing on collaboration strategy with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
• Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up gradation, market expansion, and marketing tactics
• The global Mental Health Software Market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the Global Mental Health Software Market

Detailed Segmentation:

Global Mental Health Software Market, By Deployment Mode:
• On-premise
• Subscription (Cloud-based)
Global Mental Health Software Market, By Mode of Access:
1. Desktops/ Laptops
2. Tablets/ Smartphones
Global Mental Health Software Market, By Function:
1. Telehealth
2. Payroll
3. Revenue Cycle Management (RCM)
4. Ledger
5. Business Intelligence
6. Electronic Health Record (EHR)
7. Clinical Decision Support
Global Mental Health Software Market, By Application:
1. Commercial
2. Hospitals and Clinics
3. Others
• Psychiatrists
• Social Workers
• Psychologists
• Counsellors
• Nurse Practitioners
• Group Therapists
• Residential

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Competitive Section
Key players operating in the global mental health software market are Welligent Inc., Netsmart Technologies Inc., Cerner Corporation, Valant Medical Solutions Inc., Qualifacts Systems Inc., Nextgen Healthcare Information Systems LLC, MindLinc, Credible Behavioral Health Inc. (Credible), Core Solutions Inc., and Epic Systems Corporation.

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