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Global Funeral Homes and Funeral Services Market 2019-2023| Increasing Penetration of Technology to Boost Market Growth| Technavio

LONDON–(BUSINESS WIRE)–#funeralhomesandfuneralservices–The funeral homes and funeral services market size is expected to post a CAGR of close to 5% during the period 2019-2023, according to the latest market research report by Technavio. Request a free sample report

The growth in the population of aging people and number of deaths is expected to be one of the major factors behind the funeral homes and funeral services market growth. Aged people are the primary target of funeral homes, as their families typically request traditional memorials and burial services, which may require a large staff and thus, are more expensive. As the baby boomer generation ages, the mortality rate is expected to increase steadily, and thus, the overall demand for funeral services is expected to grow significantly during the forecast period. Moreover, the presence of untapped markets such as India will provide numerous growth opportunities for major vendors as well as new startups.

To learn more about the global trends impacting the future of market research, download free sample: https://www.technavio.com/talk-to-us?report=IRTNTR31400

As per Technavio, the increasing penetration of technology will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.

Funeral Homes and Funeral Services Market: Increasing Penetration of Technology

The increasing use of new technologies is identified as one of the major trends in the funeral homes and funeral services market. For instance, the use of blockchain technology is increasing as it significantly improves services such as transportation, arrangement of ceremonies, prayers, burial or cremation, counseling, and more. The Global Funeral Care Foundation offers a decentralized blockchain-based platform which collects and share structured data that delivers transparency of costs, honest opinions of community members, and personal recommendations to increase customer satisfaction as well as to improve the quality of services. Vendors in the market are also focusing on offering digital and online services to cater to the rising millennial population. Most of the vendors offer their services online, and users can book these services directly through their websites or mobile apps.

“The increasing number of startups and third-party service providers, along with strategic partnerships and acquisitions will drive the growth of the funeral homes and funeral services market during the forecast period,” says a senior analyst at Technavio.

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Funeral Homes and Funeral Services Market: Segmentation Analysis

This market research report segments the funeral homes and funeral services market by service (at-need and pre-need) and geography (APAC, Europe, MEA, North America, and South America).

The European region led the funeral homes and funeral services market in 2018, followed by North America, APAC, South America, and MEA respectively. However, the APAC region is expected to witness the highest incremental growth during the forecast period, due to factors such as growing population in China and India, increasing middle and upper-class consumers, and growing disposable incomes in these countries.

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at [email protected].

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Business Wire , 2019-11-28 15:37:14 ,

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While Bitcoin’s price seemingly moves without rhyme or reason — collapsing by dozens of percent and embarking on face-melting rallies on a whim — the cryptocurrency market is filled to the brim with fractals.

Related Reading: Analyst: Bitcoin Price Likely to Fall to Low-$8,000s as Chart Remains Weak

A brief aside: A fractal, in the context of technical analysis and financial markets anyway, is when an asset’s price action is seen during a different time. This form of analysis isn’t that popular, but it has proven to be somewhat valuable in analyzing Bitcoin.

One recent fractal popularized by a well-known cryptocurrency trader is implying that BTC is going to return to the low-$7,000s in the coming days.

Bitcoin Fractal Implies Retracement to Low-$7,000s

A well-known crypto trader going by “Tyler Durden” on Twitter recently posted the chart below, which shows that a Bitcoin price fractal may be playing out. The fractal has four phases: horizontal consolidation marked by one fakeout, a surge above the consolidation phase, a distribution, then a strong drop to fresh lows.

If the fractal plays out in full, BTC could reach the low-$7,000s again, potentially as low as $7,100. This would represent a 20-odd percent collapse from the current price point of $8,800.

It isn’t only a fractal that is hinting Bitcoin has the potential to visit its lows. As we reported on Saturday, Bloomberg believes that if the GTI Vera Convergence Divergence Indicator flips red, a downtrend could push the cryptocurrency back to $7,300.

Related Reading: Stephen Colbert Pokes Fun at Bitcoin in Monologue: Mainstream Gone Wrong?

Can Bulls Step In?

But again, many believe it is irrational to have such bearish interpretations of the cryptocurrency’s chart at the moment. As reported by NewsBTC earlier, Popular crypto trader Mayne recently noted that the “people waiting for $6,000” are irrational. He quipped that Bitcoin retracing and consolidating after its fourth-biggest bull move in history ($7,300 to $10,500, a 42% gain) is perfectly par for the course, but noted that it’s totally possible we can go lower from $8,800.

The medium-term technicals support this.

Trader and CoinTelegraph contributor FilbFilb found that by the end of November or start of December, the 50-week and 100-week moving averages will see a “golden cross,” which he claims is far more significant” for the Bitcoin market that other technical crosses.

Also, a Bitcoin price model created using Facebook Prophet machine learning found that the leading cryptocurrency is likely to end the year at just over $12,000. What’s notable about this model is that it called the price drop to $8,000 months in advance, and forecasted a ~$7,500 price bottom for BTC.

To put a cherry on the cryptocurrency cake, Crypto Thies observed that when Bitcoin bottomed at $7,300, it bounced decisively off the 0.618 Fibonacci Retracement of the move from $3,000 to $14,000, which correlates with the two-week volume-weighted moving average. He added that summer 2019’s consolidation was marked by Bitcoin flipping major resistances into support levels, implying that a bullish reversal and subsequent continuation is likely possible in the coming weeks.

Featured Image from Shutterstock


Nick Chong , 2019-11-10 12:00:38

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