North America Funeral Home Software Market Dynamics and Trends by 2027

The funeral home software market in North America is expected to grow from US$ 117.50 million in 2019 to US$ 321.85 million by 2027; it is estimated to grow at a CAGR of 13.6% from 2020 to 2027.

The US, Canada, and Mexico are major economies in North America. Rising adoption of integrated management platform has gained momentum over the past few years. Management solutions for funeral, namely, marketing, preplanning, online purchases, memorial donations, online obituaries and guest books, insurance claims, and access to grief counseling, provide excellent value and is driving the market growth. Moreover, a tribute can be provided to the deceased with the help of videos created by combining photos and video clips, which can be shown or displayed at the time of funeral visit. The customer can also accommodate a large number of family members and relatives by live-streaming the service on a private platform. Even those who could not attend the funeral can benefit from the closure that a memorial service can provide. This broadcast can then be archived and given to the family members in the form of a DVD. Furthermore, few funeral home software companies offer integrated accounting solutions that generate all documentation required for processing funeral calls. For example, FMArranger software handles financial reporting for cremation management and cemetery management. Thus, funeral home software acting as an integrated management platform for the customers is one of the major factor driving the market growth. Thus, the growth in the rising adoption of integrated management platform is expected to create a significant demand for funeral home software in the coming years, which is further anticipated to drive the market in North America.

As most countries are exercising lockdowns, the demand for funeral home software decreases at a prominent rate. In the North America, US has the highest number of COVID-19 confirmed cases, and Canada and Mexico follow it among other countries. The US is a prominent market for funeral home software in terms of revenue and market share. Increasing number of confirmed cases and rising reported deaths in the country have led to the demand for advanced funeral home software solutions due to significant restrictions on funerals. So, now many people are looking for alternative ways for doing the funeral like doing it on online platform and it helps to connect their family and friends virtually, across the US, Canada, and Mexico, which in turn is impacting the adoption of the North America funeral home software market.

With the new features and technologies coming in North America funeral home software market, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America funeral home software market. The North America funeral home software market is expected to grow at a good CAGR during the forecast period.

North America Funeral Home Software Market

North America Funeral Home Software Market Segmentation

North America Funeral Home Software Market – By Deployment Type

• Cloud
• On-Premise

North America Funeral Home Software Market – By Product

• Large Enterprises
• SMEs

North America Funeral Home Software Market - By Country

• US
• Canada
• Mexico

North America Funeral Home Software Market – Company Profiles

• CRäKN, LLC
• FrontRunner Professional
• Funeraltech
• Halcyon
• Osiris Software (Funeral Director’s)
• SRS Computing
• Aldor Solutions
• Continental Computers, Inc.

North America Funeral Home Software Report Scope