The funeral home software market expected to grow from US$ 315.01 million in 2020 to US$ 818.55 million by 2027; it is estimated to grow at a CAGR of 14.6% from 2020 to 2027.
Increase in number of start-ups and third-party service providers and use of new technologies is attributing to the growth of the market. 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, such as India, provide significant opportunities for startups to grow. This growing trend is expected to positively impact the global funeral homes 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, the increased use of blockchain technology significantly enhances services, such as transportation, ceremonial arrangement, prayers, and counseling. Moreover, The Global Funeral Care Foundation provides a decentralized blockchain based platform that collects and shares structured data, thus, providing cost transparency, and personal recommendations to enhance customer satisfaction.
Impact of COVID-19 Pandemic on Funeral Home Software Market
The huge increase in the number of confirmed cases and rising reported deaths across the globe has led to demand for advanced funeral home software solutions due to significant restrictions on funerals. Many people are looking for alternative ways to gather family and friends such as turning to online and virtual worlds, across both developed and developing countries, which in turn is impacting the adoption of the funeral home software market. North America region is home to a large number of chain funeral home corporations, and thus the impact of coronavirus outbreak is anticipated to be positive in the current scenario.
Lucrative Regions in Funeral Home Software Market
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Market Insights–Funeral Home Software Market
Increase in Demand for Personalized Products
Organizing one's funeral can be a unique and lasting form of expression, providing peace and closure to the individual and the grieving after the loved one's death. In many cases, these ceremonies are preserved in some form, for example, as an online memorial where people can post their condolences or a slide show of their lives. Moreover, websites with special software programs that allow the planning of funerals now populate the Internet, providing ideas and the means to upload photos, slide shows, articles, and video and audio clips as well as designing memorial boards. New business models and specialties have also emerged. Thus, it creates full-service funeral ceremonies. For example, LIFELONG MEMORIES is a major company offering picture-based personalized products to the funeral industry. The company provides in-house tools to make personalization easy and affordable. Personalized products include tribute candles, DVDs, panels, keychains, and temporary markers. Thus, increasing demand for personalized products is one of the major factors propelling the market growth.
Deployment Type-Based Insights
Based on deployment type, the funeral home software market is segmented into A cloud and on-premise. The cloud segment held the largest market share in 2019.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Funeral Home Software Market: Strategic Insights
Market Size Value in US$ 315.01 Million in 2020 Market Size Value by US$ 818.55 Million by 2027 Growth rate CAGR of 14.6% from 2020-2027 Forecast Period 2020-2027 Base Year 2020
Naveen
Have a question?
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Funeral Home Software Market: Strategic Insights
Market Size Value in | US$ 315.01 Million in 2020 |
Market Size Value by | US$ 818.55 Million by 2027 |
Growth rate | CAGR of 14.6% from 2020-2027 |
Forecast Period | 2020-2027 |
Base Year | 2020 |
Naveen
Have a question?
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to AnalystPlayers operating in the funeral home software market are mainly focused on the development of advanced and efficient products.
- In 2020, FrontRunner Professional added guest RSVP feature to the book of memories, the features allow guests to confirm their attendance at a funeral service and reserve an available seat.
- In 2019, CTV Software Pty Ltd announced the release of our flagship funeral home software, Spirare. Version 4.0. The new features include a new dashboard with quick shortcuts, quick case creation button, and google calendar integration, among others.
The funeral home software market has been segmented as follows:
Funeral Home Software Market– by Deployment Type
- On-Premise
- Cloud
Funeral Home Software Market– by Organization Size
- SMEs
- Large Enterprises
Funeral Home Software Market – by Geography
- North America
- US
- Canada
- Mexico
- Europe
- France
- Germany
- Italy
- Russia
- U.K
- Rest of Europe
- Asia Pacific (APAC)
- Japan
- China
- Australia
- India
- South Korea
- Rest of APAC
- Middle East and Africa (MEA)
- Saudi Arabia
- UAE
- South Africa
- Rest of MEA
- South America (SAM)
- Brazil
- Argentina
- Rest of SAM
Funeral Home Software Market – Company Profiles
- CRäKN, LLC
- CTV Software Pty Ltd.
- FrontRunner Professional
- Funeraltech
- Halcyon
- Osiris Software (Funeral Director’s)
- SRS Computing
- Lytesoft
- Aldor Solutions
- Continental Computers, Inc.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Deployment Type and Organization Size and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The growth of the funeral home software market is primarily attributed to the increase in aging population and rise in number of deaths around the world. Moreover, funeral home software acting as an integrated management platform for the customers is another major factor driving the market growth.
Increase in demand for personalized products is expected to create significant opportunity of the funeral home software market growth. Attributing to this fact, several market players are developing advanced solutions. For instance, LIFELONG MEMORIES is a major company offering picture-based personalized products to the funeral industry. The company provides in-house tools to make personalization easy and affordable. Personalized products include tribute candles, DVDs, panels, keychains, and temporary markers.
The funeral home software market is led by cloud segment with highest share and is expected to dominate in the forecast period. The end users that are planning to make significant investments in funeral home software might opt for modern platforms by rapidly adopting cloud-based solutions. Several end users in various regions are adopting cloud-based funeral home software due to reliability and low cost.
The List of Companies - Funeral Homes Software Market
- CRäKN, LLC
- CTV Software Pty Ltd
- FrontRunner Professional
- Funeraltech
- Halcyon
- Osiris Software (Funeral Director’s).
- SRS Computing
- Lytesoft
- Aldor Solutions
- Continental Computers, Inc
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Trends and growth analysis reports related to Funeral Home Software Market
Aug 2020
Engineering Professional Services Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type (Consulting, Non-Consulting), Service Type (Designing and Construction, ESG, Program Management, Others), Sector (Private, Public), Vertical (Advanced Manufacturing, Infrastructure, Energy and Utilities, Environmental, Transportation, Others), Advanced Manufacturing (Data Center, Life Sciences, Electronics, and Semiconductor, EV and EV Battery, Others), Infrastructure (Buildings and Cities, Health Infrastructure, Telecommunication Infrastructure, Others), Energy And Utilities (Renewables, Energy Storage, Transmission and Distribution), Transportation (Aviation, Highways and Bridges, Ports and Maritime, Rail and Transit), Water (Water, Wastewater), and Geography (Americas, Europe, Asia Pacific and Middle East and Africa)
Aug 2020
Virtual Reality Puzzle Games Market
Size and Forecast (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Age (18 to 34 Years, Above 35 Years, 13 to 17 Years, and Upto 12 Years), Player Type (Single Player and Multi Player), and End Users (Individuals and Professionals)
Aug 2020
Inspection Software for Government Services Market
Size and Forecast (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Component (Software and Services), Services (Implementation and Deployment, Support and Maintenance, Training, and Consulting), Deployment (Cloud and On-premises), Application (Permitting and Licensing Management, Inspection and Scheduling Management, Contract Management, and Others), and End User (Local Government, State Government, and Federal Government)
Aug 2020
Spend Analytics for Electronics and Semiconductor Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis By Component (Software and Service), Type (Descriptive Analytics, Predictive Analytics, and Prescriptive Analytics), Deployment (On-premise and Cloud), and Application (Financial Management, Risk Management, Governance and Compliance Management, Supplier Sourcing and Performance Management, Demand and Supply Forecasting, and Others)
Aug 2020
Photonic Design Automation Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Component (Solution and Service), Deployment (On-Premise and Cloud), Organization Size (SMEs and Large Enterprises), and Application (Academic Research and Industrial Research & Manufacturing)
Aug 2020
Voice-based Payments Market
Size and Forecast (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Component (Hardware and Software), By Enterprise Size (Large Enterprises and Small and Medium-Sized Enterprises), By Industry (BFSI, Automotive, Healthcare, Retail, Government, and Others), and by Geography
Aug 2020
Private 5G Network Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Component (Hardware, Software, and Services); Frequency (Sub-6 GHz and mmWave), End User (Manufacturing, Energy and Utilities, Automotive, Military and Defense, Government and Public Safety, and Others)
Aug 2020
Unified Threat Management Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Component (Solution and Services); Deployment (Cloud and On-Premise); Enterprise Size (Large Enterprises and SMEs); and End Users (BFSI, Manufacturing, Healthcare, Retail, Government, IT & Telecom, and Others)