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The global behavioral health software market involves functionalities that help the behavioral health end users to increase their efficiency and reduce healthcare cost. This market is driven by several factors which include behavioral health reforms, government initiatives for improving behavioral healthcare services across the globe, and the rising number of people seeking behavioral health support.

The relatively untapped Asian market and increasing adoption rate of subscription model have opened an array of opportunities for growth of the market. However, lower adoption rate of behavioral health EHRs, data privacy concerns, and dearth of psychiatrists and healthcare IT professionals are expected to restrain the growth of this market.

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The mental health software market by component is divided into software and support services. Support services account for the largest share in this market, primarily due to the recurring requirement for these services for software up-gradation and maintenance. The software market is divided into integrated and standalone software. The adoption rate of integrated software is higher as they are user-friendly and integrated with different functionalities, thereby reducing overall cost.

The behavioral health software market, by delivery model, is classified into the ownership and subscription models. The ownership model refers to the on-premise mode of delivery, while the subscription model covers web-hosted and cloud-based delivery modes. The subscription model is poised to witness high growth as it is more user-friendly and cost-effective than the ownership model.

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The end-user market is segmented into providers, payers and residential end users. Providers are the major end users of this software; this end-user segment is divided into community clinics, hospitals, and private practices. They use this software for maintaining patient records, scheduling appointments, revenue cycle management, and workforce management, amongst others.

The global behavioral health software market is dominated by North America, followed by Europe, Asia, and Rest of the World (RoW). North America will continue to lead the global market in the forecast period, followed by Europe. Over the next five years, the growth of the market in the Asian region is likely to be centered at China, India and Japan.

Key players in the mental health software market include Netsmart Technologies (U.S.), Qualifacts (U.S.), Cerner Corporation (U.S.), MindLinc (U.S.), Epic Systems Corporation (U.S.), Credible Behavioral Health Software (U.S.), Accumedic (U.S.), Askesis Development Group, Inc. (U.S.), BestNotes (U.S.), Valant Medical Solutions, Inc. (U.S.), Welligent, Inc. (U.S.), and NextGen Healthcare (U.S.), amongst others.

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