About Collections Management Software
The collection management software helps museums, art galleries, and other industries by providing a large collection of art objects or antiquities. This software enables these businesses to digitize their records, made much easier to search for other information in a major manner. The rapid development in museums and the increasing number of art galleries are driving the demand for collection management software. Collections management software may be used by curators, conservators, archivists, researchers, and administrators to perform their daily tasks that help maintain the entire collection of an institution.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Collections Management Software market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
CollectionSpace (United States), Lucidea (Canada), PastPerfect (United States), Gallery Systems Inc. (United States), ArtBinder (United States), Artlogic (United States), Axiell (Sweden), Micromusée (France) and Modes Complete (United Kingdom) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Collections Management Software market by , Application (Cataloging, Location Tracking, Exhibition Planning and Others) and Region.
On the basis of geography, the market of Collections Management Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Deployment Type, the sub-segment i.e. Cloud-Based will boost the Collections Management Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Platform, the sub-segment i.e. Android will boost the Collections Management Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-User, the sub-segment i.e. Organizations will boost the Collections Management Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Adoption of Artificial Intelligence in Collection Management
Market Growth Drivers:
Increasing Adoption of CRM-based Solutions and Rising Adoption as it helps in Cash Forecasting and Reduces Financing Cost
Challenges:
Availabitily of Other Substitute Softwares
Opportunities:
Growing demand from Museum and Personal Collectors
Market Leaders and their expansionary development strategies
In Sep 2020, Axiell announced the acquisition of CultureConnect to create digital experiences that will enhance customer engagement onsite and online. With the integration of engagement software that advances the technology landscape across various industries.
In Mar 2021, Lucidea an innovative leader in heritage institution collection management software announced their participation in DAM Asia-Pacific Conference. Through this, the company will learn about advanced capabilities and growth strategies.
Key Target Audience
Providers of Collections Management Software, End-Users, Potential Investors, Market Research Firms and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.