Global Library Management Software Market 2017-2021
About Library Management Software
Library management software is software that is used for planning and managing enterprise resources of a library. It is also used to track books, bills, and patrons who have borrowed from the library.
Technavio’s analysts forecast the global Library Management Software market to grow at a CAGR of 3.25% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global library management software market for 2017-2021. To calculate the market size, the report considers the new installations/sales/volume/value and replacement/ /aftermarket/services market.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Library Management Software Market 2017-2021
Technavio recognizes the following companies as the key players in the global library management software market: Civica, Innovative Interfaces, ProQuest, and SirsiDynix.
Other Prominent Vendors in the market are: 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.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is increase in the use of open source library management software. The implementation of open source library management software is a major trend in the global library management software market. Kuali Foundation collaborated with Open Library Environment (OLE) to build an open source library management program. OLE, which was formed in 2008, is a community of academic and research libraries that work together to build open source library management tools. Organizations that use OLE must set up their own hosting services since OLE provides SaaS offerings only.”
According to the report, one of the major drivers for this market is rise in demand for library management software from APAC. The Americas currently dominate the global library management software market. However, there is an increased demand for library management software from APAC. The growing demand from countries, such as China, India, and Japan, is expected to propel the market growth in APAC. In these countries, more companies are investing in library automation and library management software.
Further, the report states that one of the major factors hindering the growth of this market is growing concerns about data security. One of the major challenges of using library management software is data security. This concern is more prominent in cloud-based library management software. The data that is present in the library management system becomes vulnerable to security risks if a proper security system is not installed. End-users require cloud vendor and suppliers to ensure that the software meets certain certified standards of security. This is perceived as an effort from end-users to ensure the security of the data that is fed to a library management software.
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.
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