Global Meeting Room Booking System Software Market Report Description:
Global meeting room booking system software market report gives comprehensive outlook on meeting room booking system software across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East & Africa. The report on global market gives historical, current, and future market sizes (US$ Mn) on the basis of type, application and region. This report studies global meeting room booking system software market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the global meeting room booking system software market report include suppliers, manufacturers, marketers, policy makers, and service providers engaged in global meeting room booking system software products.
Global Meeting Room Booking System Software Market:
The global meeting room booking system software market size valued at USD 64.6 million in the year 2020 and expected to reach USD 138.2 million by 2027 witnessing a CAGR of 12.8% during the forecast period 2021-2027. Some of the key factors fueling the market growth include increasing adoption of the software’s from small and large enterprises and rising usage of smartphones, growing digital transformation. However, concerns related to data privacy could hinder the market growth.
Cloud Accounts for Larger Market Revenue Share in Global Market
Cloud accounted for larger revenue share in global market with a significant CAGR and is expected to grow over the forecast years owing to numerous advantages of cloud-based meeting room booking software. The increase in the adoption of cloud- and web-based solutions is one of the significant factors driving the growth of the market. Additionally, the adoption of internet-based technologies by several industry verticals is anticipated surging the growth of the market.
North America Accounts for Larger Market Revenue Share in Global Meeting Room Booking System Software Market
North America accounted for larger revenue share in global meeting room booking system software market with a significant CAGR and is expected to grow over the forecast years. The growth in this region can be attributed to advancements in enterprise mobility technology, technological developments in the U.S. and Canada, widespread deployment of IoT & communication technologies over the past couple of years and presence of a large number of leading players in this region. Asia Pacific held significant market share during predicted period rising focus of organizations to focus on developing high-tech infrastructure and offer end to end services.
- EMS Software
Global meeting room booking system software market is surging owing to strategic alliances by key players to meet the demands of the customers in the market. For instance, In Feb 2018, Condeco partnered with Seal Telecom, a proven audio visual and information technology provider throughout Latin America
Key Findings of the Report:
- Global market expanding at significant CAGR over 2020 to 2026 owing to increasing adoption of the software’s from small and large enterprises
- Based on region, North America accounted for larger market revenue share in 2019 and projected gain market revenue share over the forecast period
- Players focusing on innovation of newer products and collaboration strategies to retain market position in global meeting room booking system software market
- Large Enterprise
- Rest of Europe
- Au & NZ
- Rest of Europe
- Rest of Latin America
Middle East & Africa
- South Africa
- Rest of MEA
Key Features of the Report:
- The report provides granular level information about the market size, regional market share, historic market (2015-2019) and forecast (2020-2026)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments and startup’s details that are actively working in the market
- The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
- The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market