Europe Meeting Management Software Market Forecast to 2031 - Regional Analysis - by Deployment Type (Cloud and On Premises), Enterprise Size (Large Enterprises and SMEs), and Application (Corporate, Healthcare, Government, and Others)

Europe Meeting Management Software Market Forecast to 2031 - Regional Analysis - by Deployment Type (Cloud and On Premises), Enterprise Size (Large Enterprises and SMEs), and Application (Corporate, Healthcare, Government, and Others)

The Europe meeting management software market was valued at US$ 1,213.89 million in 2023 and is expected to reach US$ 2,532.31 million by 2031; it is estimated to record a CAGR of 9.6% from 2023 to 2031.

Increasing Cost of Unproductive Meetings Drives Europe Meeting Management Software Market

The financial impact of ineffective meetings is substantial. A Harvard Business Review survey found that executives spend around 23 hours every week in meetings. That is about 1/3rd of their workweek, and it comes at a big cost. If an executive charge US$ 100 per hour on average, this comes out to US$ 2,300 per week and US$ 119,600 per year. Meeting management software effectively tracks the duration of the entire agenda, as well as the time allocated to each agenda item and individual speaker. In terms of enhancing productivity, the software can contribute to your team's efficiency in numerous methods. At a minimum, the meeting management tool provides a simple method for documenting in-meeting tasks and decisions, as well as facilitating the monitoring of action items post-meeting. Meeting management software includes an agenda builder feature that enables teams to create simple, intricate, or customized templates, thereby facilitating the add on task of organization and structure to their meetings. Through automation, the software reduces costs by intelligently storing meeting records. Retrieving the meeting summary or minutes is readily accessible, enabling efficient processing of the recorded information when required. Thus, the rising cost of unproductive meetings boosts the demand for meeting management software, which drives the market.

Europe Meeting Management Software Market Overview

The meeting management software market in the UK is driven by the need for efficient and focused team meetings, the integration of management platforms, and the emphasis on customer satisfaction and loyalty. These factors contribute to the demand for meeting management software in the UK. According to the Office for National Statistics (ONS), as of 2023, 44% of the UK workforce was engaged in remote work; this included 16% who worked remotely on a full-time basis and 28% who were classified as hybrid workers, dividing their work time between office and home-based settings. These statistics support the significance of streamlined communication and collaboration, further driving the demand for meeting management software in the UK.

Europe Meeting Management Software Market Revenue and Forecast to 2031 (US$ Million)

Europe Meeting Management Software Market Segmentation

The Europe meeting management software market is segmented based on deployment type, enterprise size, application, and country. Based on deployment type, the Europe meeting management software market is segmented into cloud and on premises. The cloud segment held a larger market share in 2023.

In terms of enterprise size, the Europe meeting management software market is segmented into large enterprises and SMEs. The large enterprises segment held a larger market share in 2023.

By application, the Europe meeting management software market is bifurcated into corporate, healthcare, government, and others. The corporate segment held the largest market share in 2023.

Based on country, the Europe meeting management software market is segmented into the UK, Germany, France, Italy, Russia, and the Rest of Europe. The UK dominated the Europe meeting management software market share in 2023.

Cisco Systems, Inc; Intelex Technologies Inc; Cvent Inc; Televic; Granicus, LLC; Decisions; and MatchWare.com are some of the leading players operating in the Europe meeting management software market.

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