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AI Meeting Assistants Market Eyeing Favourable Growth due to Customization and Personalization | MRFR Report

Dec 13, 2023 5:00 PM ET

AI Meeting Assistants Market Eyeing Favourable Growth due to Customization and Personalization | MRFR Report

AI Meeting Assistants Market Analysis

The global AI meeting assistants market will touch USD 17.26 billion at a 25.6% CAGR by 2032, as per the recent Market Research Future report. AI Meeting Assistants can provide real-time transcription, translation, and summary services during meetings. They record key points of discussion, action items, and decisions, freeing participants of note-taking duties and enabling more engaged and effective dialogues.

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Key Players

Prominent market players profiled in the AI meeting assistants market report include

  • Laxis, Inc,
  • Fireflies,
  • Airgram,
  • Krisp,
  • Avoma,
  • tl;dv,
  • Equal Time,
  • Rewatch,
  • Nyota,
  • Fellow.



Growing Use in Meeting Rooms to Boost Market Growth

The growing use of AI assistants in meeting rooms will boost market growth over the forecast period. The AI meeting assistant minimizes the time drastically that is invested on meeting scheduling that in the past was an immensely time-consuming process. It expediates the process and guarantees that meetings get organized at times which are convenient for every attendee via assessing the calendars of the participants and providing best meeting times. Such AI technologies help participants in the preparation of meeting via summarizing key papers & providing context. The preparation ensures meetings start on time with the attendees well-informed & ready to contribute, cutting down the time needed on background explanations and clarifications.

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Customization and Personalization to offer Robust Opportunities

AI assistants are getting more customizable for catering to the specific requirements of individuals and businesses, thus driving adoption.

Restraints and Challenges

Technical Limitations to act as Market Restraint

Technical limitations, privacy concerns, and high initial cost may act as market restraints over the forecast period.

Market Segmentation

The global AI meeting assistants market is bifurcated based on industry, application, pricing model, and solutions.

  • By solutions, chat will lead the market over the forecast period.
  • By pricing model, free plan will domineer the market over the forecast period.
  • By application, content marketing will spearhead the market over the forecast period.
  • By industry, financial will spur the market over the forecast period.


COVID-19 Analysis

The COVID-19 epidemic possessed a positive impact on the AI meeting assistants market. Owing to remote work getting more prevalent, individuals and businesses turned to the AI-powered assistants for enhancing virtual meetings as well as collaboration. The demand for such assistants increased because they supported to streamline remote work & make the virtual meetings highly productive.

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Regional Analysis

North America to Command AI Meeting Assistants Market

North America will command the AI meeting assistants market in the forecast period. Most global corporations and large firms conduct several meetings in this region. North America has high-speed broadband infrastructure and significant internet access which is vital for seamless operation of the AI meeting assistants particularly those which offer real-time capabilities like video conferencing support and transcription. The region provides a regulatory framework which is typically favorable for the use and development of the AI technologies. Besides, owing to the region’s considerable tech media coverage, educational resources, and conferences, enterprises here are well informed regarding the prospective perks of the AI meeting assistants. In fact, businesses understand the worth of such products’ value proposition and thus consider implementing them.

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