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What is the present valuation and projected CAGR of the association management software market?
The association management software market size has grown rapidly in recent years. It will grow from $2.29 billion in 2024 to $2.63 billion in 2025 at a compound annual growth rate (CAGR) of 14.5%. 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 $4.46 billion in 2029 at a compound annual growth rate (CAGR) of 14.1%. 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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What key drivers have fueled the association management software market’s development over the years?
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.
What is the segmentation for 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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Who are the most influential companies 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 top industry trends projected to impact the association management software market?
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.
What are the major regional insights for the association management software market, and which region holds the top position?
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.
What Does The Association Management Software Market Report 2025 Offer?
The association management software market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Association management software refers to an all-in-one software solution designed to equip professional and trade associations with the essential features needed to efficiently operate their organization. This software streamlines organizational processes such as member renewals, revenue tracking, and analytics reporting, facilitating efficient management of the membership pipeline throughout the entire member journey for medium to large associations.
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