Navigating Growth: Membership Management Software Market Report 2024 - 2033
The Business Research Company has updated its global market reports with latest data for 2024 and projections up to 2033
LONDON, GREATER LONDON, UK, June 19, 2024 /EINPresswire.com/ -- The membership management software is a specialized digital solution designed to streamline the administrative and communication activities of clubs, communities, associations, and organizations. It serves as a centralized platform for managing member registrations, profiles, content delivery, scheduling, payment handling, and community engagement.
Market Size and Growth Drivers
The membership management software market size is projected to grow from $6.82 billion in 2023 to $7.63 billion in 2024, at a compound annual growth rate (CAGR) of 11.9%. The historic growth is attributed to the rise in demand for gym software, increased digitization of gym operations, and a growing number of health-conscious individuals.
The market is expected to continue its rapid growth, reaching $12.04 billion by 2028, with a CAGR of 12.1%. Factors driving this growth include high internet penetration, rising demand for software platforms, expansion of fitness centers and health clubs, and increasing awareness and adoption of membership management software.
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Major Players and Market Trends
Key players in the membership management software market such as Stripe Inc., Active Network LLC, and Mailchimp are focusing on centralizing personalization and enhancing member engagement through multi-program management systems. These systems facilitate streamlined management of multiple membership initiatives within a single integrated platform.
For instance, TeamSnap launched an all-in-one multi-program management system in April 2022, tailored for youth sports organizations. This system simplifies registration, scheduling, and team management, enhancing overall member satisfaction and retention.
Market Segments
• Type: On-Premise, Cloud-Based
• Application: Organizing And Selling Ticket, Publishing And Delivering Textual Or Audiovisual Content, Providing Advertising Opportunities, Facilitating Interaction, Collaborative File Sharing, Tracking Members Interest, Rising Supplementary Income From Donation
• End User: Large Enterprise, Small And Medium Enterprises (SMEs)
Regional Insights: North America Leading, Asia-Pacific Growing Fast
North America dominated the membership management software market in 2023, driven by widespread adoption across various sectors. Asia-Pacific is expected to witness the fastest growth in the forecast period, fueled by increasing digitization and the proliferation of fitness centers.
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Membership Management Software Global Market Report 2024 from TBRC covers the following information:
• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Membership Management Software Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on membership management software market size, membership management software market drivers and trends, membership management software market major players, competitors' revenues, market positioning, and market growth across geographies. The membership management software market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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