PUBLISHER: The Business Research Company | PRODUCT CODE: 1499995
PUBLISHER: The Business Research Company | PRODUCT CODE: 1499995
Association management software is an integrated software solution designed to provide professional and trade associations with the necessary tools to effectively manage their organization. This software streamlines key organizational processes such as member renewals, revenue tracking, and analytics reporting, facilitating efficient management of the membership pipeline for medium to large associations throughout the entire member journey.
The primary types of association management software include cloud-based, Software as a Service (SaaS), and web-based solutions. Cloud-based systems utilize a network of remote servers hosted on the internet to store, manage, and process data, offering on-demand access to resources and services. The various components of this software encompass member data management, event coordination, financial management, communication tools, and reporting and analytics features. These functionalities are compatible with various platforms, including Windows, Android Native, and iOS Native. Association management software is utilized by organizations of various sizes, ranging from small and medium-sized enterprises to large corporations.
The association management software market research report is one of a series of new reports from The Business Research Company that provides association management software market statistics, including the association management software industry global market size, regional shares, competitors with association management software market share, detailed association management software market segments, market trends, and opportunities, and any further data you may need to thrive in the association management software industry. This association management software market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
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 historical growth can be attributed to demographic shifts influencing market dynamics, globalization reshaping economic landscapes, societal attitudes shaped by social and cultural movements, and the impact of 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 anticipated growth in the forecast period is expected to stem from shifting consumer preferences, geopolitical tensions, changes in workforce dynamics, the impact of climate change, and the implementation of sustainability initiatives. Key trends in the forecast period include the widespread adoption of digitization and telemedicine, the growth of e-commerce platforms, the expansion of remote work practices, the utilization of virtual collaboration tools, and the increasing adoption of artificial intelligence (AI).
The association management software market is poised for growth, driven by the increasing adoption of cloud-based technology. Cloud-based technology, which allows access to computing resources and services over the Internet, offers scalable and flexible storage, processing, and software delivery. Its rising adoption is fueled by factors such as cost-effectiveness, scalability, and the ability to access resources from anywhere. In the realm of association management, cloud adoption enhances efficiency, accessibility, and scalability, streamlining operations and delivering value to members more effectively. Cloud-based association management software automates software updates, patches, and maintenance tasks, reducing the need for manual intervention from IT staff. For instance, according to Flexera's survey of around 750 IT professionals and executive leaders in April 2023, 87% of respondents reported employing a multi-cloud strategy, with 72% adopting a hybrid approach combining public and private clouds. Additionally, there has been a significant increase in cloud service spending by small and medium-sized businesses (SMBs), with 52% investing over $1.2 million in 2022, up from 38% in 2021. Thus, the growing adoption of cloud-based technology is propelling the expansion of the association management software market.
Key players in the association management software market are introducing advanced solutions, such as conversational AI, to offer personalized support and assistance to association members and stakeholders. Conversational AI solutions leverage artificial intelligence to enable natural language interactions between users 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 tailored for association management. This solution allows association executives to navigate their AMS effortlessly using natural language, enhancing member support and access to core functions. Powered by advanced natural language processing (NLP), machine learning, and large language model technologies (LLM), it makes person-to-software interactions intuitive and efficient.
In November 2021, Togetherwork, a US-based provider of comprehensive management software, acquired Protech Associates, furthering its commitment to the association industry and expanding its market presence. Protech Associates, a US-based software company offering cloud-based association management software, strengthens Togetherwork's ability to provide comprehensive solutions for managing membership organizations.
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.
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 countries covered in the association management software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The association management software market includes revenues earned by entities by providing services, such as membership application and renewal automation, online event registration and ticketing, and integration with third-party tools and services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Association Management Software Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on association management software market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for association management software ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The association management software market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.