PUBLISHER: The Business Research Company | PRODUCT CODE: 1760047
PUBLISHER: The Business Research Company | PRODUCT CODE: 1760047
AI-powered meeting assistants are innovative tools that leverage artificial intelligence to streamline tasks such as scheduling, note-taking, and summarizing meetings. These assistants can transcribe conversations in real-time, identify key action items, and send follow-up reminders, significantly enhancing productivity by minimizing manual effort and ensuring accurate capture of essential information.
The artificial intelligence (AI)-powered meeting assistants market includes three primary components software, hardware, and services. The software segment encompasses intelligent applications that automate key functions including scheduling, note-taking, transcription, and summarization through AI technologies such as natural language processing (NLP) and machine learning. Deployment modes for these applications include on-premises and cloud-based solutions. Key features include real-time transcription, language translation, action item tracking, participant engagement analytics, and seamless integration with other tools. AI-powered meeting assistants cater to various applications, such as speech-to-text transcription, automated scheduling, task management, real-time translation, and advanced analytics, serving industries including banking, financial services, insurance, healthcare, retail, information technology and telecommunications, and more.
The artificial intelligence (AI)-powered meeting assistants market research report is one of a series of new reports from The Business Research Company that provides artificial intelligence (AI)-powered meeting assistants market statistics, including artificial intelligence (AI)-powered meeting assistants industry global market size, regional shares, competitors with a artificial intelligence (AI)-powered meeting assistants market share, detailed artificial intelligence (AI)-powered meeting assistants market segments, market trends and opportunities, and any further data you may need to thrive in the artificial intelligence (AI)-powered meeting assistants industry. The artificial intelligence (AI)-powered meeting assistants market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The artificial intelligence (AI)-powered meeting assistants market size has grown exponentially in recent years. It will grow from $2.53 billion in 2024 to $3.16 billion in 2025 at a compound annual growth rate (CAGR) of 24.9%. The growth in the historic period can be attributed to several factors, including the expansion of cloud computing, the increasing penetration of the internet, advancements in natural language processing, the early adoption of artificial intelligence in enterprise tools, the rise of digital note-taking applications, and the widespread use of smartphones and smart devices.
The artificial intelligence (AI)-powered meeting assistants market size is expected to see exponential growth in the next few years. It will grow to $7.65 billion in 2029 at a compound annual growth rate (CAGR) of 24.7%. The growth in the forecast period can be attributed to several factors, including the increasing demand for emotion-aware artificial intelligence, integration with enterprise knowledge bases, a rise in personalized meeting experiences, a growing emphasis on meeting data analytics, and the adoption of artificial intelligence for meeting compliance. Key trends during this period include advancements in machine learning algorithms, improvements in real-time sentiment analysis, seamless integration with productivity tools, AI-powered video analysis and highlights, and the integration of multimodal artificial intelligence systems.
The increasing adoption of remote work models is significantly fueling the growth of the AI-powered meeting assistants market. Remote work models, including fully remote, hybrid, or flexible schedules, offer employees greater flexibility and improved work-life balance, which in turn enhances productivity and job satisfaction. AI-powered meeting assistants support remote work by automating tasks such as note-taking, task tracking, and scheduling, ultimately improving efficiency and collaboration during virtual meetings. For instance, data from the UK's Office for National Statistics highlights that between September 2022 and January 2023, 16% of the workforce worked from home, while 28% adopted hybrid models. This growing trend toward remote and hybrid work further boosts the demand for AI-powered tools to streamline meetings and improve workflow. Therefore, the adoption of remote work is driving the expansion of this market.
The growth of the AI-powered meeting assistants market is significantly driven by advancements in generative artificial intelligence (AI)-powered assistants. These innovative technologies enhance productivity, streamline meeting workflows, and provide actionable insights. Generative AI-powered assistants are capable of performing tasks such as understanding language, creating content, summarizing information, supporting decision-making, and enabling real-time communication during meetings, emails, and customer interactions. For example, in September 2023, Zoom Communications launched the Zoom AI Companion, a generative AI-powered assistant designed to improve productivity and collaboration within its platform. The AI companion offers real-time meeting summaries, smart chaptering, answers in-meeting questions, and creates post-meeting summaries, highlights action items, and tracks next steps. These features aim to simplify workflows and improve team productivity, with Zoom offering the assistant to Workplace users at no extra charge. This adoption of AI-powered assistants reflects the growing trend of using advanced AI technologies to enhance workplace efficiency and collaboration, thus propelling the market's growth.
In August 2024, Atlassian Corporation, an Australia-based software company, acquired Rewatch Inc. for an undisclosed amount. This acquisition aims to enhance Atlassian's team collaboration suite by integrating video capabilities into its platforms, Confluence and Jira. The integration is intended to boost asynchronous communication, improve knowledge sharing, and support modern work environments with dynamic, AI-powered video collaboration tools. Rewatch Inc. is a US-based company, specializing in AI-driven video collaboration tools, which will contribute to enhancing team collaboration and productivity by providing more interactive and efficient ways to manage communication and content.
Major players in the artificial intelligence (AI)-powered meeting assistants market are Zoom Communications, Rev.com, Notion AI, Dialpad Inc., Gong.io Inc., Otter.ai, Krisp Technologies Inc., Supernormal, Avoma Inc., Clara, Read AI Inc., Sembly AI., Fathom AI, Fireflies.ai Corp., Laxis Inc., Airgram Inc., TLDV, Fellow.app, Grain.co, and MeetGeek.ai.
North America was the largest region in the artificial intelligence (AI)-powered meeting assistants market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in artificial intelligence (AI)-powered meeting assistants report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the artificial intelligence (AI)-powered meeting assistants market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The artificial intelligence (AI)-powered meeting assistants market consists of revenues earned by entities providing services such as artificial intelligence (AI)-driven data analytics and insights, artificial intelligence (AI)-based meeting management services, and artificial intelligence (AI) consulting for meeting optimization. The market value includes the value of related goods sold by the service provider or included within the service offering. The artificial intelligence (AI)-powered meeting assistants market includes sales of products such as artificial intelligence-enabled transcription tools, virtual meeting assistants, real-time language translation software, and automated note-taking applications. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
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 and 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.
Artificial Intelligence (AI)-Powered Meeting Assistants Global Market Report 2025 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 artificial intelligence (ai)-powered meeting assistants 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 artificial intelligence (ai)-powered meeting assistants ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The artificial intelligence (ai)-powered meeting assistants 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 forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.