At 10.8% CAGR, North America Meeting Management Software Market is Projected to be Worth US$ 3,142.14 Million by 2031, says Business Market Insights

According to Business Market Insights' research, the North America meeting management software market was valued at US$ 1,382.52 million in 2023 and is expected to reach US$ 3,142.14 million by 2031, registering a CAGR of 10.8% from 2023 to 2031. Integration of machine learning with software and increasing adoption of digitalization are among the critical factors attributed to the North America meeting management software market expansion.

The integration of machine learning technologies into software systems is revolutionizing the software industry by enhancing automation and efficiency. This can potentially lead to the integration of machine learning algorithms into meeting management software, streamlining processes and improving overall efficiency in meeting planning and execution. A key trend in machine learning is the emergence of no-code machine learning, which allows the programming of ML applications without the need for extensive coding processes. This advancement can potentially lead to the integration of no-code machine learning capabilities into meeting management software, simplifying the process of data analysis and decision-making within meetings. By leveraging no-code machine learning, meeting management software can potentially empower users to analyze meeting data, identify patterns, and make knowledgeable decisions without the need for advanced coding skills. This can lead to highly efficient and effective meeting planning and execution, ultimately enhancing the overall productivity and outcomes of meetings. Companies such as DataRobot, Freenome, PyCaret, and more are integrating machine learning capabilities into meeting management software, offering innovative solutions for streamlining planning, optimizing data management, and enhancing communication within organizations. Thus, the integration of advanced technologies, such as machine learning, with meeting management software is expected to fuel the market growth in the coming years.

On the contrary, high cost associated with the software hampers the growth of North America meeting management software market.

Based on deployment type, the North America meeting management software market is bifurcated into cloud and on premises. The cloud segment held 68.5% market share in 2023, amassing US$ 947.34 million. It is projected to garner US$ 2,263.19 million by 2031 to register 11.5% CAGR during 2023-2031.

In terms of enterprise size, the North America meeting management software market is bifurcated into large enterprises and SMEs. The large enterprises segment held 63.5% share of North America meeting management software market in 2023, amassing US$ 878.41 million. It is projected to garner US$ 2,052.54 million by 2031 to expand at 11.2% CAGR during 2023-2031.

In terms of application, the North America meeting management software market is segmented into corporate, healthcare, government, and others. The corporate segment held 60.3% share of North America meeting management software market in 2023, amassing US$ 833.64 million. It is projected to garner US$ 2,048.54 million by 2031 to expand at 11.9% CAGR during 2023-2031.

Based on country, the North America meeting management software market has been categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 86.9% share of North America meeting management software market in 2023. It was assessed at US$ 1,200.88 million in 2023 and is likely to hit US$ 2,791.39 million by 2031, exhibiting a CAGR of 11.1% during 2023-2031.

Key players operating in the North America meeting management software market are Cisco Systems, Inc; Intelex Technologies Inc; Cvent Inc; Fellow Insights, Inc; Avoma, Inc.; Televic; Tyler Technologies, Inc; Granicus, LLC; Decisions; and MatchWare.com, among others.

- In December 2022, MatchWare Inc. rolled out its new update of MeetingBooster 7, which integrates with Microsoft task systems and Zapier. This update promotes even more efficient collaboration to further assist in scheduling, executing, and archiving meetings.

- In July 2023, Decisions announced the launch of its newest and most advanced product, MeetingCulture.ai. Combining artificial intelligence (AI), large language models, and Decisions' deep meeting process intelligence, MeetingCulture.ai is an entirely new interface for how people plan, run, and drive more outcomes from their meetings.



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