Global Library Automation Management Software Market 2023-2030

Global Library Automation Management Software Market 2023-2030

Global Library Automation Management Software Market Size, Share & Trends Analysis Report by Product Types (Off-the-shelf Library Automation Package and Customized Solutions) and by Application (Public Libraries, Academic and School Library, and Special Library) Forecast Period (2023-2030)

The global library automation management software market is anticipated to grow at a considerable CAGR of 4.1% during the forecast period. The growth of the market is attributed to factors such as the increasing need for streamlining library operations and enhancing user experience. Further, the growing adoption of cloud-based library automation software and the increasing demand for digital content management are some of the factors anticipated to fuel the demand for library automation management software.

Segmental Outlook

The global library automation management software market is segmented based on its product types and application. Based on product types, the market is segmented into off-the-shelf library automation package and customized solutions. Further, based on application, the market is categorized into public libraries, academic and school library, and special library. Among the product types, the customized solutions segment is anticipated to hold a prominent market share due to the increasing demand for tailor-made solutions to cater to specific library needs.

Among the application segments, the academic and school library segment is expected to register significant growth for the forecast period. The growth of this segment is attributed to the factors such as the increasing adoption of automation software by educational institutions to enhance their library services and support e-learning initiatives.

Regional Outlooks

The global library automation management software market is further segmented based on geography, including North America (the US and Canada), Europe (Italy, Spain, Germany, France, and others), Asia-Pacific (India, China, Japan, South Korea, and others), and the Rest of the World (the Middle East & Africa and Latin America). The market can be analyzed for a particular region or country level as per the requirement. Among these, the North American market is anticipated to cater to a prominent growth over the forecast period. However, the Asia-Pacific region is projected to experience considerable growth in the library automation management software market.

Global Library Automation Management Software Market Growth, by Region 2023-2030

Source: OMR Analysis

The North American Region is anticipated to Hold a Significant Share in the Global Library Automation Management Software Market

Among these regions, North American region is anticipated to account for the significant share in the Library Automation Management Software market during the forecast period. The growth of the library automation management software market in the region is primarily driven by the presence of established players in the region and the increasing adoption of automation software by libraries in the US and Canada. For instance Market players such as Innovative Interfaces Inc., Library Automation Technologies Inc., Auto-Graphics Inc., Book Systems Inc., Mandarin Library Automation Inc., and others are headquartered in US. Whereas market players such as PrimaSoft PC Inc., and SirsiDynix Corp. are headquartered in canada.

Market Players Outlook

The major companies serving the global library automation management software market include Ex Libris Ltd., SirsiDynix, Innovative Interfaces, Inc., Axiell Group AB, Bibliotheca, and others. The market players are considerably contributing to the market growth by the adoption of various strategies, including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in January 2022, Axiell entered into an agreement to acquire the Library and Information Solutions division of Infor. This deal will add the V-smart integrated library system and related products to Axiell's already extensive portfolio of library technology products. Through the acquisition of Infor Library and Information Solutions, Axiell gains a set of technology products that have been steadily developed through multiple major versions since the mid-1970s. The products have been modernized and continually enhanced to serve the needs of libraries. The Infor customer base is dominated by public libraries, which aligns well with the focus of Axiell.

The Report Covers

Market value data analysis of 2023 and forecast to 2030.

Annualized market revenues ($ million) for each market segment.

Country-wise analysis of major geographical regions.

Key companies operating in the global library automation management software market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.

Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.

Analysis of market-entry and market expansion strategies.

Competitive strategies by identifying ‘who-stands-where’ in the market.