Library Management Software

Library Management Software

Global Library Management Software Market to Reach US$2.9 Billion by 2030

The global market for Library Management Software estimated at US$2.2 Billion in the year 2023, is expected to reach US$2.9 Billion by 2030, growing at a CAGR of 3.7% over the analysis period 2023-2030. Cloud Deployment, one of the segments analyzed in the report, is expected to record a 4.2% CAGR and reach US$1.6 Billion by the end of the analysis period. Growth in the On-Premise Deployment segment is estimated at 3.0% CAGR over the analysis period.

The U.S. Market is Estimated at US$606.6 Million While China is Forecast to Grow at 7.0% CAGR

The Library Management Software market in the U.S. is estimated at US$606.6 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$601.9 Million by the year 2030 trailing a CAGR of 7.0% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.2% and 2.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.0% CAGR.

Global Library Management Software Market - Key Trends & Drivers Summarized

Why Are Libraries Adopting Digital Management Solutions?

The library management software market is expanding rapidly as libraries worldwide increasingly adopt digital tools to enhance their operations and services. Library management software (LMS) enables libraries to automate various functions, such as cataloging, circulation, acquisitions, and inventory management, reducing manual effort and improving efficiency. With the growing volume of digital content, libraries are seeking software solutions that can handle both physical and digital resources seamlessly. The demand for remote access, personalized user experiences, and efficient resource management is driving libraries to invest in advanced LMS solutions.

How Is the Education Sector Influencing the Market?

The education sector, particularly universities, colleges, and schools, is a significant driver of the library management software market. Academic institutions are adopting LMS to support digital learning initiatives, provide seamless access to a wide range of resources, and enhance the overall student experience. With the rise of e-learning and digital course materials, libraries need robust management systems that can handle complex digital resources and integrate with other educational technologies. Moreover, the shift towards remote learning, accelerated by the COVID-19 pandemic, has underscored the need for digital library solutions that can provide uninterrupted access to information and resources.

Are Technological Innovations Enhancing Library Services?

Technological innovations such as artificial intelligence (AI), machine learning, and cloud computing are significantly enhancing library management software capabilities. AI-powered tools can automate cataloging and indexing, provide personalized recommendations to users, and optimize inventory management. Cloud-based solutions offer scalability, remote access, and cost savings, enabling libraries to provide enhanced services to patrons without the need for significant hardware investments. Additionally, integrated analytics tools provide insights into user behavior and resource usage, helping libraries improve their services and make data-driven decisions.

What Factors Are Driving Growth in the Library Management Software Market?

The growth in the library management software market is driven by several factors, including the digitization of library resources, the increasing demand for remote access, and technological advancements. The shift towards digital learning and e-resources is prompting libraries to invest in software that can manage both physical and digital collections effectively. The need for streamlined operations, cost efficiency, and enhanced user experiences is further boosting the adoption of LMS. Additionally, the integration of advanced technologies like AI, cloud computing, and big data analytics is making library management software more powerful and appealing to institutions worldwide.

Select Competitors (Total 51 Featured) -

• AmpleTrails
• Axiell Group AB
• Civica Group Ltd.
• CodeAchi Technologies Pvt. Ltd.
• CR2 Technologies Ltd.
• Ex Libris Group
• Gayatri Software Services Private Limited
• Insignia Software
• Library Resource Management Systems, Inc.
• LibraryWorld
• LIBSYS Ltd.
• Mastersoft ERP Solutions Pvt., Ltd.
• Media Flex Inc.
• OCLC, Inc.
• PrimaSoft PC Inc. ;

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.