What are the Historical Developments and Current Growth Metrics of the Association Management Software Market?
The association management software market has seen considerable growth due to a variety of factors.
• The association management software market has expanded significantly in recent years. It is expected to grow from $2.29 billion in 2024 to $2.63 billion in 2025, reflecting a compound annual growth rate (CAGR) of 14.5%.
The growth is driven by demographic shifts, globalization reshaping the economic landscape, cultural movements, and increasing political events.
What is the Forecasted Market Size and CAGR for the Association Management Software Market?
The association management software market is expected to maintain its strong growth trajectory in upcoming years.
• The association management software market is anticipated to grow rapidly, reaching $4.46 billion by 2029, at a CAGR of 14.1%.
Factors driving this growth include shifting consumer preferences, geopolitical tensions, workforce dynamics, sustainability efforts, and climate change concerns. Trends in the forecast period include digitization, telemedicine adoption, e-commerce platforms, remote work, and the increased use of AI.
What Key Factors and Trends Are Driving The Growth Association Management Software Market?
The increasing adoption of cloud-based technology is expected to drive the growth of the association management software market. Cloud technology’s cost-effectiveness, scalability, and remote accessibility have led to its widespread adoption. Cloud-based association management software improves operational efficiency and scalability while minimizing the need for manual updates and maintenance. A survey by Flexera in 2023 found that 87% of IT professionals had a multi-cloud strategy, indicating widespread adoption of cloud technology. This growing shift to the cloud will continue to propel the association management software market.
What Are The Market Segments In The Association Management Software Market?
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
Subsegments:
1) By Cloud: Public Cloud-Based Solutions, Private Cloud-Based Solutions, Hybrid Cloud-Based Solutions
2) By Saas: Subscription-Based Saas Solutions, Pay-As-You-Go Saas Solutions, Customizable Saas Solutions
3) By Web: Browser-Based Web Solutions, Mobile-Optimized Web Solutions, Self-Hosted Web Solutions
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What Emerging Trends Are Influencing The Growth Of The Association Management Software Market?
Companies in the association management software market are incorporating conversational AI solutions to provide personalized support and assistance to members and stakeholders. Conversational AI tools enable natural language interactions between users and the software platform. For instance, in March 2024, Impexium, a US-based provider of association management systems, introduced Impexium Talk (I-Talk), a conversational AI solution. Powered by advanced natural language processing (NLP) and machine learning, I-Talk enables association executives to manage their system using natural language, improving member interactions and access to essential functions.
Who Are the Key Players In The Association Management Software Market?
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
What Are The Regional Insights Into The Association Management Software 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.
