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Meeting Room Booking System Software Market Report
Meeting Room Booking System Software Market Size, Share, Dynamics, Trends, Forecast & Industry Analysis – 2022-2028
Global Meeting Room Booking System Software Market is segmented by Organization Size (Large Enterprises, Small- and Medium-sized Enterprises), Industry Vertical (IT and Telecom, BFSI, Healthcare, Retail and Consumer Goods, Manufacturing, Education, Government and Public Sector) and Region - COVID-19 Impact Analysis and Forecast to 2028. This market research report provides an in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global meeting room booking system software market. The historic years considered for the study are 2016-2020, the base year is 2021 and the forecast period is 2022-2028.
The global meeting room booking system software market is expected to grow from USD 74.34 million in 2021 to USD 173.73 million by 2028 at a CAGR of 12.81% during the forecast period of 2022-2028.
A meeting room booking software is used for scheduling conference rooms, shared workspaces, or just desk spaces. The software allows employees to book and manage meeting rooms, hospitality, visitors, services, video conferencing, parking, lockers, or any space through one single system. And, when there is a change in the meeting schedule, all necessary updates are carried out automatically, keeping every related person in the loop.
It also allows administrators to understand the space usage as well as resource requirements with detailed reporting, enabling them to make better decisions and manage costs effectively. The software also features reservations in three different forms- direct booking, by requesting a manager for a specific room or requesting the manager for any available room.
The meeting room booking system software market is gaining traction owing to the need for time-efficient solutions for scheduling meetings and the increasing usage of mobile devices in workplaces. However, data privacy concerns and the availability of alternate solutions such as calendar meetings and team collaboration solutions restrain the growth of the market.
COVID-19 has negatively impacted the global meeting room booking system software market as many companies had to shut their offices for long period and their employees had to work from home. Even the increasing usage of online meeting tools, such as WebEx, Skype, Zoom, and Google Meet further restrained the adoption of meeting room booking system software among enterprises.
Key players operating in the global meeting room booking system software market are-
The following is a list of the customers that the Meeting Room Booking System Software market aims to convert the most:
Meeting room booking system software is widely popular among medium-sized and large enterprises with many cabins in their office premises. IT and telecom, healthcare, and manufacturing are some of the top industry verticals of the market while education is expected to grow with the highest CAGR due to the increasing adoption of innovative software tools for managing classes.
Among regions, North America is expected to dominate the market during the forecast period due to wide presence of large businesses and spacious office buildings.
Asia Pacific is expected to register the highest CAGR owing to the emergence of businesses and infrastructure in the developing economies, such as India and Australia.
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The market is segmented in the following ways:
For calculating the market size, our analysts follow either Top-Bottom or Bottom-Top approach or both, depending upon the complexity or availability of the data points. Our reports offer high-quality insights and are the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. We leverage multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentation, white papers, and articles to gather the data. More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts are usually executed to obtain both qualitative and quantitative insights.
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The meeting room booking system software market is expected to witness an impressive growth of 12.81% CAGR in the foreseeable future.
TrustRadius (The U.S), Skedda (Australia), Accruent (The U.S), Condeco (UK), Teem (The U.S), AgilQuest (The U.S), SpaceIQ (The U.S), Book Meeting Room (Ireland), Robin (The U.S), Envoy (The U.S), OfficeSpace (The U.S), Roomzilla (The U.S) and iOFFICE (The U.S) are among the key players in the meeting room booking system software market.
The meeting room booking system software market size is expected to reach USD 173.73 million in 2028.
North America is expected to dominate the meeting room booking System software market during the forecast period.
Asia-pacific is expected to register the highest CAGR in the meeting room booking system software market in the coming years.
Education is expected to grow with the highest CAGR in the meeting room booking system software market in the coming five years.
Meeting Room Booking System Software Vendors, Coworking Space Service Providers, Conference Room Service Providers, Hotels, Enterprises are the target audience in the meeting room booking system software market.
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