About Library Automation Software
The global Library Automation Software market is expected to witness high growth due to the growing use of the World Wide Web in emerging economies is likely to increase the demand for cloud-based software. Library automation is a technological approach to automate different library operations and services. Library automation includes various advantages includes information acquisition, cataloging, indexing and abstracting, circulation, serials management, and reference. Also, it includes a common bibliographic database that is shared by all the functional modules.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
CAGR | 3.1% |
The global Library Automation Software market is fragmented due to the presence of various technology providers. the global key players are focusing on technological innovations. Leading key players are focusing on strategic partnerships to improve their products and services. Companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global Library Automation 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.
LIBSYS Ltd. (India), Insignia Software Corporation (Canada), Library Automation Technologies, Inc. (United States), Primasoft PC, Inc. (Canada), Siemens Product Life Management (PLM) Software, Inc. (United States), Innovative Interfaces Inc. (United States), ProQuest LLC (United States), Axiell group (Sweden), Book Systems, Inc. (United States) and Capita plc (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are CR2 Technologies Limited (India) and Sirsi Corporation (United States).
Segmentation Overview
AMA Research has segmented the market of Global Library Automation Software market by Type (Off-The-Shelf Library Automation Package and Customized Solutions) and Region.
On the basis of geography, the market of Library Automation 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). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Deployment Mode, the sub-segment i.e. On-premise will boost the Library Automation 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. Educational Institutes will boost the Library Automation Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
High Adoption Due to Increasing the Overall Efficiency and Productivity of Library Management Operations and Growing Demand for Cloud Solutions
Market Growth Drivers:
Growing Requirement for Automated Database Management in Libraries and Library Automation Systems Offer Several Advantages Over Conventional Record Management
Challenges:
Technical Complexities Related with Software's
Restraints:
Lack of Skilled Persons
Opportunities:
Increase in Adoption of Open-Source Library Automation Software
Market Leaders and their expansionary development strategies
23 October 2023. Lyngsoe Systems, a global leader in innovative technology solutions, is thrilled to announce its partnership with Surrey Libraries to launch the Super Access initiative. This groundbreaking project aims to transform libraries across Surrey and beyond, enhancing accessibility and empowering communities through modern technology.
In April 18, 2022 (BSS)- Rajshahi University of Engineering and, Technology (RUET) has launched an automation software in its central library, aimed at connecting the students and teachers to the digital library uses and and management process.
Key Target Audience
Library Automation Software Providers, Information Technology (IT) Service Providers, Container Network Providers, System Integrators, Application Developers 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.