Association Management Software Global Market Report 2024 by The Business Research Company | Cvent Inc., Community Brands Intermediate LLC, Personify Corp., Bitrix Inc., Advanced Solutions International Inc., Fonteva Inc., Aptify Corporation,

The association management software market size has grown rapidly in recent years. It will grow from $2.01 billion in 2023 to $2.29 billion in 2024 at a compound annual growth rate (CAGR) of 13.9%. The growth in the historic period can be attributed to demographic shifts influenced market dynamics, globalization reshaped economic landscapes, social and cultural movements shaped societal attitudes, and increased political events.

The association management software market size is expected to see rapid growth in the next few years. It will grow to $3.90 billion in 2028 at a compound annual growth rate (CAGR) of 14.2%. The growth in the forecast period can be attributed to shifting consumer preferences, geopolitical tensions, workforce dynamics, climate change, and sustainability initiatives. Major trends in the forecast period include digitization and telemedicine adoption, e-commerce platforms, remote work, virtual collaboration tools, and the adoption of AI.

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Association Management Software Market Major Segments
The association management software market covered in this report is segmented -

1) By Type: Cloud, SaaS, Web
2) By Segment: Member Data Management, Event Management, Finance And Billing, Communications, Reporting And Analytics
3) By Application: Windows, Android Native, iOS Native
4) By Enterprise Size: Small And Medium-Size Enterprises, Large Enterprises

Key Driver - Adoption Of Cloud-Based Technology Drives The Growth Of The Association Management Software Market

The increasing adoption of cloud-based technology is expected to propel the growth of the association management software market going forward. Cloud-based technology refers to computing resources and services accessed over the Internet, allowing for scalable and flexible storage, processing, and software delivery. There is a growing adoption of cloud-based technology due to several factors, including its cost-effectiveness, scalability, and the ability to access resources from anywhere. Cloud adoption in AMS enhances efficiency, accessibility, and scalability to streamline association management operations and deliver value to members more effectively. Cloud-based association management software takes care of software updates, patches, and maintenance tasks without requiring manual intervention from IT staff. For instance, in April 2023, according to a survey of around 750 IT professionals and executive leaders conducted by Flexera, a US-based computer software company, 87% of respondents reported having a multi-cloud strategy, and 72% are taking a hybrid approach by combining the use of both public and private clouds. Furthermore, the amount that small and medium-sized businesses (SMBs) spend on cloud services shows a significant increase, with 52% spending over $1.2 million in 2022, up from 38% reported in 2021. Therefore, the increasing adoption of cloud-based technology is driving the growth of the association management software market.

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Prominent Trend - Advancement In Technology To Efficiently Interact With Association Management System

Major companies operating in the association management software market are providing advanced solutions, such as conversational AI solutions, to provide personalized support and assistance to association members and stakeholders. Conversational AI solutions refer to artificial intelligence-powered tools that enable natural language interactions between association members or stakeholders and the software platform. For instance, in March 2024, Impexium, a US-based provider of association management system (AMS) software, launched Impexium Talk (I-Talk), a conversational AI solution for association management. It allows association executives to navigate their association management system (AMS) effortlessly using natural language, improving member support and access to core functions. It is powered by advanced natural language processing (NLP), machine learning, and large language model technologies (LLM) to make person-to-software interactions intuitive and efficient.

Association Management Software Market Players
Major companies operating in the association management software market are Cvent Inc., Community Brands Intermediate LLC, Personify Corp., Bitrix Inc., Advanced Solutions International Inc., Fonteva Inc., Aptify Corporation, TOPS Software LLC, MemberClicks LLC, GrowthZone Inc., MemberSuite Inc., Novi AMS, StarChapter LLC, Matrix Group International Inc., Embassy IT Solutions, Euclid Technology LLC, ClubExpress Inc., Raklet LLC, Blue Tahiti Software, Impexium Inc., SilkStart Technology Inc., Internet4associations, Socious Inc., MemberEvolution, Timberlake Membership Software

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Largest And Fastest Growing Region In The Market
North America was the largest region in the association management software market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the association management software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Association Management Software Market Report Structure
3. Association Management Software Market Trends And Strategies
4. Association Management Software Market - Macro Economic Scenario
5. Association Management Software Market Size And Growth
…..
27. Association Management Software Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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