Global Library Management Systems Market – Global Industry Analysis and Forecast (2019-2026)
Global Library Management Systems Market was valued at US$ 310.02 Mn in 2019 and is expected to reach US$ 427 Mn by 2026, at a CAGR of 4.08% during a forecast period.
The report includes the analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region wise.
Based on service, library automation is estimated to hold the largest share of the market during the forecast period as rising demand for the automation in the library for quick access to libraries via mobiles, tablets, and other digital platforms are boosting the market globally. Automatic database management systems are required in the library and the rising penetration of smartphones & the internet are also fueling the market growth in library automation services. On the basis of deployment, the cloud-based segment is expected to hold the largest share of the market during the forecast period due to its features such as cost-effectiveness and high security.
Major driving factors of the market are growing demand for effective library management with high technological, increasing demand for automation in the library and rising educational institutions are increasing the market for the library management system. Library management systems demand is rising from the small and medium-sized library is also boosting the market. However, an open-source library management system that is widely available free of cost on the internet will hamper the market. The report contains a detailed list of factors that will drive and restrain the growth of the library management systems market.
In terms of region, Asia Pacific is expected to hold the largest share of the market during the forecast period. Major driving factors of the market are the rising usage of advanced technology, and rise in automation, and the growing demand for automatic database management systems in libraries which are boosting the growth of the library management system market in this region. Educational institutes are increasing in the region is also fueling the market growth. India has a large youth population that is propelling the market in this country as increasing demand for library management systems from the youth population.
The report includes a detailed study of Porter’s Five Forces model to analyze the different factors affecting the growth of the market. Moreover, the study also covers a market attractiveness analysis, PESTLE analysis, Value Chain Analysis, and SWOT analysis.
Key player’s studies, analyzed, profiled and benchmarked in Library Management Systems market are Civica, Innovative Interfaces, ProQuest, SirsiDynix, Awapal Solutions, Axiell, Book Systems, Capita, CR2 Technologies, Evergreen, Follett, Infor, Insight Informatics, Insignia Software, Invenio, Libramatic, LIBSYS7, Lucidea, Media Flex, PrimaSoft PC, PTFS, Soutron, PowerSchool, and Tech Receptives.
Scope of the Report Library Management Systems Market
Global Library Management Systems Market, by Deployment
Global Library Management Systems Market, by Service
• Library Automation
• Transaction Management
• Database Management
Global Library Management Systems Market, by Size
Global Library Management Systems Market, by Region
• North America
• Middle East & Africa
• South America
Key Players in Global Library Management Systems Market
• Innovative Interfaces
• Awapal Solutions
• Book Systems
• CR2 Technologies
• Insight Informatics
• Insignia Software
• Media Flex
• PrimaSoft PC
• Tech Receptives
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