Global AI Meeting Assistants Market, By Type (Meeting Note-taker, Meeting Organizer), Application (Personal, Enterprise) - Industry Trends and Forecast to 2031.
AI Meeting Assistants Market Analysis and Size
Key trends include the integration of advanced natural language processing (NLP) and machine learning algorithms to enhance conversational capabilities, personalized user experiences, and contextual understanding. In addition, there's a surge in the adoption of AI meeting assistants equipped with features such as real-time transcription, summarization, action item tracking, and integration with popular productivity software platforms. As organizations prioritize productivity and seamless communication, the market is expected to see further innovation in AI meeting assistant technologies to cater to diverse user needs and preferences.
The global AI meeting assistants market was valued at USD 1.95 billion in 2023 and is expected to reach USD 11.88 billion by 2031, registering a CAGR of 25.60% during the forecast period of 2024-2031. “Meeting Organizer” segment continues to dominate the market due to its user-friendly interface and seamless integration with popular productivity tools, offering a comprehensive solution for efficient meeting management. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016-2021)
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Quantitative Units
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Revenue in USD Billion , Volumes in Units, Pricing in USD
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Segments Covered
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Type (Meeting Note-taker, Meeting Organizer), Application (Personal, Enterprise)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa
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Market Players Covered
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Krisp Technologies, Inc. (U.S.), Airgram Inc. (U.S.), Fireflies.ai Corp. (U.S.), Dialpad, INC. (U.S.), Fathom, Inc. (U.S.), Equal Time (U.S.), TLDV (U.S.), Avoma (U.S.), Nyota AI Ltd. (U.S.), CLARA (U.S.), Rewatch (U.S.), Fellow AI (Canada), OTTER.AI (U.S.), Sembly AI. (U.S.), Notiv (Australia), Rev.com (U.S.), Chorus.ai (U.S.), Gong.io Inc. (U.S.)
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Market Opportunities
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Market Definition
AI meeting assistants are virtual assistants powered by artificial intelligence (AI) technology that help individuals and teams manage and optimize their meetings. These assistants typically use NLP and machine learning algorithms to understand and respond to spoken or written commands related to scheduling, organizing, and facilitating meetings. These tools can perform various tasks such as scheduling meetings based on participants' availability, sending out meeting invitations, setting agendas, taking meeting notes, transcribing conversations, generating summaries, and even following up on action items.
Global AI Meeting Assistants Market Dynamics
Drivers
- Increasing Remote Work
The rise of remote work and distributed teams necessitates efficient virtual collaboration tools. AI meeting assistants offer solutions to streamline remote meetings, enhance communication, and improve productivity in such environments.
- Technological Advancements
Advances in AI, natural language processing, and machine learning technologies enable AI meeting assistants to offer more sophisticated features, such as real-time transcription, sentiment analysis, and automated task management, making them increasingly valuable in modern workplaces.
Opportunity
- Integration with Productivity Tools
There is an opportunity for AI meeting assistants to integrate seamlessly with popular productivity tools such as calendar applications, project management software, and communication platforms. This integration can enhance the overall meeting experience by providing users with a cohesive and streamlined workflow.
Restraint/Challenge
- Privacy and Data Security Concerns
The collection and processing of sensitive information during meetings raise concerns about data privacy and security. Ensuring compliance with regulations such as GDPR and implementing robust security measures to protect user data is crucial for the widespread adoption of AI meeting assistants.
This global AI meeting assistants market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the AI meeting assistants market contact Data Bridge Market Research for an analyst brief, Our team will help you take an informed market decision to achieve market growth.
Recent Development
- In August 2023, Duet Al from Google launched generative Al assistant to its Workplace productivity tools. The Duet Al features will cost USD 30 per user each month, placing the technology on par with competitor Microsoft's planned Copilot. Duet Al use genAl to aid consumers in gaining access to various Workspace products. It can, for example, produce email responses in Gmail and organize data in the Sheets spreadsheet program based on user prompts in Google Docs
Global AI Meeting Assistants Market Scope
The global AI meeting assistants market is segmented on the basis of type and application. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Meeting Note-taker
- Meeting Organizer
Application
- Personal
- Enterprise
Global AI Meeting Assistants Market Regional Analysis/Insights
The global AI meeting assistants market is analyzed and market size insights and trends are provided by country, type and application as referenced above.
The countries covered in the global AI meeting assistants market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific in the Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa as a part of the Middle East and Africa, Brazil, Argentina and Rest of South America as part of South America.
North America dominates and the fastest growing region in the AI meeting assistants market due to its advanced technological infrastructure, robust investment in AI research and development, and a high concentration of tech-savvy enterprises. In addition, the region benefits from a culture of early adoption of innovative technologies, driving rapid growth and adoption of AI meeting assistants across various industries.
The country section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as downstream and upstream value chain analysis, technical trends, and Porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and the challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global AI Meeting Assistants Market Share Analysis
The global AI meeting assistants market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the global AI meeting assistants market.
Some of the major players operating in the global AI meeting assistants market are:
- Krisp Technologies, Inc. (U.S.)
- Airgram Inc. (U.S.)
- Fireflies.ai Corp. (U.S.)
- Dialpad, INC. (U.S.)
- Fathom, Inc. (U.S.)
- Equal Time (U.S.)
- TLDV (U.S.)
- Avoma (U.S.)
- Nyota AI Ltd. (U.S.)
- CLARA (U.S.)
- Rewatch (U.S.)
- Fellow AI (Canada)
- OTTER.AI (U.S.)
- Sembly AI. (U.S.)
- Notiv (Australia)
- Rev.com (U.S.)
- Gong.io Inc (U.S.)
- Chorus.ai (U.S.)
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