Room booking software is used to reserve conference rooms, shared workplaces, or hot-desk.
Employees can use the system to reserve and manage conference rooms, guests, services, video conferencing, lockers, or any other area through a single platform.
If the meeting schedule changes, all relevant modifications are made immediately, keeping everyone involved in the know.
The system also enables administrators to understand space consumption as well as resource requirements through thorough reporting, allowing them to make better decisions and efficiently manage expenditures.
Table of Contents
Business Trends
Market Dynamics
The meeting room booking system software market is gaining pace as a result of the increased use of mobile devices in workplaces and the necessity for time-efficient meeting scheduling solutions.
However, data privacy issues and the availability of alternatives such as scheduled meetings and team collaboration technologies limit market development.
Target Audience
The Meeting Room Booking System Software market strives to convert the following clients the most:
- Meeting Room Booking System Software Vendors
- Coworking Space Service Providers
- Conference Room Service Providers
- Hotels
- Enterprises
Key Players in Global Market
The followings are the key players operating in the global meeting room booking system market in 2022:
- The U.S.: Accruent, Teem, AgilQuest, SpaceIQ, RobinPowered, Envoy, OfficeSpace, Roomzilla, iOFFICE
- UK: Condeco
- Australia: Skedda
- Ireland: Book Meeting Room
- Hong Kong: ONES – All-in-one smart office system
Size of Global Meeting Room Booking System Software Market
The Global Meeting Room Booking System Software Market is anticipated to increase at a CAGR of 12.9 percent from USD 65.5 million in 2020 to USD 135.4 million by 2026.
Trends of Meeting Room Booking System Software Market
End User Trends
Meeting room booking system software is extensively used by medium-sized and large enterprises with a significant number of cabins on their premises.
IT and telecom, healthcare, and manufacturing are some of the market’s top industrial verticals, with education predicted to expand at the fastest CAGR due to the increased usage of new software solutions for class management.
Regional Trends
Because of the widespread presence of major firms and vast office buildings, North America is likely to dominate the market over the projection period.
Due to the rise of businesses and infrastructure in growing economies such as India and Australia, the Asia Pacific is predicted to have the greatest CAGR.
COVID-19 Impact
COVID-19 has had a detrimental influence on the worldwide conference room booking system software industry. The reason is that many firms were forced to close their offices for an extended length of time and their staff were forced to work from home.
Even the growing use of online meeting solutions like WebEx, Skype, Zoom, and Google Meet has slowed the business use of meeting room booking system software.
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