Automation in libraries for functions such as cataloguing, information retrieval, bills receipt and payment, etc. is an essential aspect for libraries as traditional methods have become time consuming and lack accuracy. Library automation service systems are used to integrate computer technologies with various aspects and functions in a library, so as to help ease work for librarians. Library automating service systems provide an efficient and effective system for information processing and data retrieval with regard to various functions in libraries.
The global library automation service market was valued at approximately US$ 1.7 Bn in 2017, and is expected to register a CAGR of 3.3%. The first five-year cumulative revenue (2017–2021) is projected to be US$ 9,310.8 Mn, which is expected to increase rather significantly over the latter part of the five-year forecast period.
Advancements in technology and growing demand for accurate and easy-to-use cataloguing systems in libraries are major factors boosting growth of the global market. Also, increasing number of public and private libraries across the globe is another factor expected to aid in growth of the global market to a significant extent.
However, high cost of deployment and use of library automation service systems is a major factor hampering growth of the global market. In addition, availability of cost-effective library automation service systems and extensive training to be provided to librarians are other factors anticipated to limit growth of the global library automation service systems market over the forecast period.
The global library automation service systems market is segmented on the basis of product type, application, and region. On the basis of region, the global library automation service systems market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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Currently, the market in North America accounted for highest revenue share in the global library automation service system market, owing to growing demand for library automation systems from school and private libraries in countries in the region. The market in Asia Pacific is projected to register highest CAGR of X.X% over the forecast period. This can be attributed to increasing adoption of library automation service systems in private libraries in emerging economies such as China and India. Additionally, the markets in Europe, Latin America, and Middle East & Africa are projected to witness moderate growth over the forecast period.
Prominent players in the global library automation service systems market include Ex Libris Ltd., Sirsi Corporation, Innovative Interfaces Inc., Capita plc., Infor, PTFS Inc., OCLC Inc., Agent Information Software Inc., Library Automation Technologies Inc. (LAT), The Library Corporation, PrimaSoft PC Inc., Equinox Open Library Initiative, LIBSYS Ltd., Book Systems, Inc., and CR2 Technologies Limited.
Table Of Content:
1.0 Chapter 1
- 1.1 Preface
- 1.2 Assumptions
- 1.3 Abbreviations
2.0 Chapter 2
- 2.1 Report Description
- 2.1.1 Market Definition and Scope
- 2.2 Executive Summary
- 2.2.1 Market Snapshot, By Type
- 2.2.2 Market Snapshot, By Application
- 2.2.3 Market Snapshot, By Region
3.0 Chapter 3
- 3.1 Global Library Automation Service Systems Market Dynamics
- 3.1.1 Drivers
- 3.1.2 Restraints
- 3.1.3 Opportunities
- 3.1.4 Trends
- 3.1.5 PEST Analysis
- 3.1.6 PORTER’S Five Forces Analysis
4.0 Chapter 4
- 4.0.1 Global Library Automation Service Systems Market Analysis, by Type
- 4.0.2 Overview
- 4.0.3 Segment Trends
- 4.0.4 Market Share and Forecast, and Y-o-Y Growth, 2016–2026, (US$ Million)
- 4.1 Commercial Systems
- 4.1.1 Overview
- 4.1.1 Market Share and Forecast, and Y-o-Y Growth, 2016–2026, (US$ Million)