About Meeting Management Software
The meeting management software helps plan and lead team meetings to ensure that meetings are fruitful and focused. Users use these solutions to efficiently coordinate meetings with scheduling functions and often integrate them into the calendar software to ensure guaranteed visibility. The meeting management software also offers tools such as agenda creators, loggers, and consensus trackers that enable productive meetings. Some options also offer limited task management features for tasks based on action items set in meetings. While most of the meeting management software can be used for almost any type of meeting, some of the tools are designed for some specific meeting types like scrums, one-on-one meetings, reviews, and workshops. Some board software includes aspects of meeting management. However, these tools specialize in meetings held by executives, board members, and C-Suite committees. To qualify for inclusion in the meeting management category, a product must create meeting agendas, record meeting minutes over audio or text, provide consensus tools to facilitate personal decisions or discussions, outline action items, and perform tasks based on meeting procedures and support in coordinating and planning meetings.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 7.11% |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies.The Players having a strong hold in the market are Fuze, PGi, Klaxoon, Doodle AG, SoapBox Innovations. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Meeting Management Software market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Parabol (United States), Stratsys Meetings (Sweden), Lucid Meetings (United States), Retrium (United States), Soapbox (Canada), Fuze (United States), PGi (United States), Klaxoon (France), Doodle AG (Switzerland), SoapBox Innovations (Canada), TeamRetro (Australia), Pinstriped (Denmark), FacilitatePro (United States), Link Consultin SA (Portugal), Code and Effect, Inc. (Canada), E-Sepia Web Innovation (Greece), Focusmate (United States), Beenote (Canada) and Siehec GmbH (Germany) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Notiv (United States) and Team O'clock (Estonia).
Segmentation Overview
AMA Research has segmented the market of Global Meeting Management Software market by Type (Cloud-Based and Web-Based), Application (Commercial Organization and Industrial Organization) and Region.
On the basis of Type, Cloud are dominating the market in the year 2023On the basis of application, Small and Medium Enterprises segment is dominating the market in the year 2023On the basis of geography, the market of Meeting Management Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Organization Size, the sub-segment i.e. Small and Medium-Sized Enterprises (SMEs) will boost the Meeting Management Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Platform, the sub-segment i.e. Windows will boost the Meeting Management Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Subscription Type, the sub-segment i.e. Monthly Subscription will boost the Meeting Management Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Device Used, the sub-segment i.e. Tablets will boost the Meeting Management Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The Rising Emphasis on Operational Efficiency, and Provision of 24*7 Engagement and Growth of Enormous Amount of Data
Market Growth Drivers:
High Demand Due to the Ability to Provide High Quality, Rapid, Accurate, Real-time Data, Increase in Automating of the Administrative Tasks Such as Planning, Organizing and Conducting of Meetings and Growing Demand For Ease in Communication Between Administration and the Employees
Challenges:
Availability of New Advanced Technologies and Demand for High-End Processors
Restraints:
Specific Data Processing for Specific Software and Internet Connectivity Issues
Opportunities:
Growth in the Use of Cloud-Based Platforms, Increasing Technological Advancements Taking Place All Around the Globe and Operational Excellence and Data Quality Management
Market Leaders and their expansionary development strategies
In March 2021, Fuse enhanced their Metting experience and adding one click to join functionality across multiple provider including zoom, Webex, Microsoft Teams, google meet and GoToMeeting. this new feature expanded their users and its presence in meeting management software market
In May 2022, Lucid Software launched new app with Webex for its virtual whiteboard for more engaging and collaborative meetings. this launch helped Lucid Software to enhanced its presence in meeting management software market
Key Target Audience
Providers of Meeting Management Software, End-Users, Potential Investors, Market Research Firms, Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.