About Digital Library Software
Digital library is a collection of information and documents in a well-organized electronic form. Generally, files or records are stored on a computer or storage device such as CD-ROM and are freely accessible on the internet. On the digital internet, the digital library system stores, captures, retains and redistributes the intellectual data of companies. This software enables the companies to store their data in various formats such as images, videos, magazines, articles, papers, books, and audio files.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting 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 collaborations. The players of library automated service systems are developing cost-effective systems so that they will be available for small libraries. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Digital Library 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.
Awapal Solutions Pvt. Ltd. (India), Axiell Group AB (Sweden), Book Systems Inc. (United Kingdom), CR2 Technologies Ltd. (India), Follett Corp. (United States), Infor (United States), Inmagic Inc. (United States), Insight Informatics Pty. Ltd. (Australia) and Insignia Software (Canada) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Invenio Business Solutions (United Kingdom) and Libramatic(Ireland).
Segmentation Overview
AMA Research has segmented the market of Global Digital Library Software market by , Application (Government Libraries, Industrial Libraries and Commercial Libraries) and Region.
On the basis of geography, the market of Digital Library 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 Platform, the sub-segment i.e. Linux will boost the Digital Library Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment Model, the sub-segment i.e. On-Premises will boost the Digital Library Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Adoption of Information and Communication Technology with Multi-Features
Market Growth Drivers:
Growing Demand for Efficient Database Management System and Increasing the Adoption of Information and Communication Technology for Automation of Sharing, Resources, and Cataloguing all Information
Challenges:
Lack of Awareness
Restraints:
The Potential Threat of piracy is One of the Major Concern and High Cost Associated With Softwares
Opportunities:
Rising Environmental Concern Over Cutting Tress is One of the Factor Responsible for Growth of this Market
Market Leaders and their expansionary development strategies
In Dec 2019, KKR, a leading global investment firm, today announced the signing of a definitive agreement to acquire OverDrive, Inc. (“OverDrive” or the “Company”), the leading digital reading platform for libraries and schools, from Rakuten USA, a wholly-owned subsidiary of Rakuten, Inc. Financial details of the transaction were not disclosed.
In April 2021, The UNESCO Digital Library Initiative, Remote Area Community Hotspot for Education and Learning (RACHEL), focuses on “Building a culture of reading, self-learning and research through digital media.”
Key Target Audience
Digital Library Software Providers, New Entrants/Investors, Venture Capitalists and Private Equity Firms, Analysts and Strategic Business Planners, Government Regulatory and Research Organizations, End-Use Industries 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.