What is Room Scheduling Tools Market?
Room scheduling tools offer booking of rooms, coworking spaces, designated call areas, etc. to the corporates, institutions, and individuals to schedule the meetings, conferences, seminars, and many more events. The increasing use of the internet and the requirement of advanced technological solutions for convenient booking for various services or facilities have accelerated the market growth. The software helps organizations to maintain and gain insights that whether the room is occupied or free by using advanced technologies.
The market study is being classified and major geographies with country level break-up.
Skedda (Australia), Envoy (United States), IBM (United States), SAP (Germany), iOFFICE, Inc. (United States), Condeco (United Kingdom), Accruent (United States), AgilQuest Corporation (United States), Roomzilla, LLC (United States), SpaceIQ (United States) and Robin Powered, Inc. (United States) are some of the key players profiled in the study.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Room Scheduling Tools market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Room Scheduling Tools market by Type, Application and Region.
On the basis of geography, the market of Room Scheduling Tools has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Surging Demand for Room Scheduling Tools by the Corporates to Improve Meeting Space Reservations and Schedule Hassle-Free Meeting Scheduling
- Need for Advanced Room Scheduling Tools for Booking Rooms or Assembly Halls to Plan Events, Conferences, Seminars, Etc.
Market Trend
- Emerging Trend of IoT-enabled Meeting Room Scheduling Solutions and High Growth of Cloud-based and SaaS Solutions
Restraints
- Slow Adoption Due to Lack of Awareness and High-Speed Internet Connectivity
Opportunities
- Growing Popularity of Room Scheduling Mobile-Apps Among the Consumers to Book or Schedule Community Rooms or Space for Parties or Other Functions
Challenges
- High Cost of Subscriptions and Software Upgradation May Create Challenges
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Room Scheduling Tools Providers, Venture Capitalists and Private Equity Firms, End-Users and Others