Library Management Software Market by End-user, Deployment, and Geography - Forecast and Analysis 2021-2025

  • Published: Sep 2021
  • Pages: 120
  • SKU: IRTNTR43418
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The library management software market share is expected to increase by USD 273.59 million from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 2.41%.

This library management software market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers library management software market segmentation by end-user (school library, public library, academic library, and others), deployment (cloud-based and on-premises), and geography (North America, APAC, Europe, MEA, and South America). The library management software market report also offers information on several market vendors, including Awapal Solutions Pvt. Ltd., Axiell Group, Civica UK Ltd., CR2 Technologies Ltd., Insight Informatics Pty Ltd., PowerSchool Group LLC, PrimaSoft PC Inc., ProQuest LLC, PTFS Inc., and Soutron Ltd. among others.

What will the Library Management Software Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Library Management Software Market Size for the Forecast Period and Other Important Statistics

 

Library Management Software Market: Key Drivers, Trends, and Challenges

The rise in demand for library management software from APAC is notably driving the library management software market growth, although factors such as growing concerns about data security may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the library management software industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Library Management Software Market Driver

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. For instance, in February 2020, the Department of Public Libraries in Bengaluru, India, announced the launch of a library app, which can be used to access close to 100,000 books, journals, and textbooks by the members of state libraries. It also announced the availability of textbooks for classes 1-12 on the app. Bidders have been invited to create the digital library, and the successful bidder needs to provide a cloud-based integrated digital library platform. The platform will include books alongside multimedia material that will promote learning, especially for higher education students and those preparing for civil service exams. 

Key Library Management Software Market Trend

The implementation of open source library management software is a major trend in the global library management software market. For instance, Ex Libris, a ProQuest company, continues to be dominant in providing library management software to academic libraries. It supports VuFind and Blacklight, which are open-source discovery interfaces. Similarly, EBSCO aided in launching the FOLIO project to develop an open-source LSP, apart from its direct content and technology products.  

Key Library Management Software Market Challenge

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 vendors 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 library management software. Such security standards do not provide complete protection from security breaches since these certifications are restricted to data centers and are location-specific. There is no surety that the data is in an encrypted format when it travels over the Internet.

This library management software market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

The growth in the global application software market will be driven by factors such as increasing adoption of analytics in enterprises, increasing software investments by small and medium enterprises (SMEs), and growing adoption of cloud- and subscription-based software. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the library management software market during the forecast period.

Who are the Major Library Management Software Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Awapal Solutions Pvt. Ltd.
  • Axiell Group
  • Civica UK Ltd.
  • CR2 Technologies Ltd.
  • Insight Informatics Pty Ltd.
  • PowerSchool Group LLC
  • PrimaSoft PC Inc.
  • ProQuest LLC
  • PTFS Inc.
  • Soutron Ltd.

 

This statistical study of the library management software market encompasses successful business strategies deployed by the key vendors. The library management software market is fragmented and the vendors are offering innovative products to compete in the market.

Product Insights and News

  • Awapal Solutions Pvt. Ltd. - The company offers library management software that is used for book issue rules, add a book, booklist, student list, and others.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The library management software market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Library Management Software Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the library management software market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the application software market includes the following core components:

  • Inputs
  • Software development process
  • Marketing and distribution
  • Post-selling services
  • Innovation

The report has further elucidated on other innovative approaches being followed by vendors to ensure a sustainable market presence.

 

Which are the Key Regions for Library Management Software Market?

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51% of the market’s growth will originate from North America during the forecast period. The US is a key market for library management software in North America. Market growth in North America will be faster than the growth of the market in other regions.

The usage of technologies based on web resources along with advanced IT products that facilitate a better learning experience will facilitate the library management software market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The pandemic had a lesser impact on the library management software market, as the spread of COVID-19 and related lockdowns resulted in schools and universities adopting the distance education model. The rising adoption of online education enhanced the use of cloud-based services, accelerated digital transformation, increased the need for the latest technologies, and created a stronger demand for library management. Such factors will drive the growth of the library management software market across the region during the forecast period.

What are the Revenue-generating End-user Segments in the Library Management Software Market?

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The library management software market share growth by the school library segment will be significant during the forecast period. School libraries include those in kindergarten up to grade 12. These libraries are high in number in countries such as India, the US, Russia, China, and Japan. However, the revenue generated from library management software is low in this segment, owing to the wide use of open source and free library management software. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the library management software market size and actionable market insights on post COVID-19 impact on each segment.

 

Library Management Software Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 2.41%

Market growth 2021-2025

$ 273.59 million

Market structure

Fragmented

YoY growth (%)

0.97

Regional analysis

North America, APAC, Europe, MEA, and South America

Performing market contribution

North America at 51%

Key consumer countries

US, UK, China, Russian Federation, and Japan

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Awapal Solutions Pvt. Ltd., Axiell Group, Civica UK Ltd., CR2 Technologies Ltd., Insight Informatics Pty Ltd., PowerSchool Group LLC, PrimaSoft PC Inc., ProQuest LLC, PTFS Inc., and Soutron Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Library Management Software Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive library management software market growth during the next five years
  • Precise estimation of the library management software market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the library management software industry across North America, APAC, Europe, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of library management software market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by End-user

    • Market segments
    • Comparison by End-user
    • School library - Market size and forecast 2020-2025
    • Public library - Market size and forecast 2020-2025
    • Academic library - Market size and forecast 2020-2025
    • Others - Market size and forecast 2020-2025
    • Market opportunity by End-user

    Market Segmentation by Deployment

    • Market segments
    • Comparison by Deployment
    • Cloud-based - Market size and forecast 2020-2025
    • On-premises - Market size and forecast 2020-2025
    • Market opportunity by Deployment

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • North America - Market size and forecast 2020-2025
      • APAC - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Overview
      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Awapal Solutions Pvt. Ltd.
      • Axiell Group
      • Civica UK Ltd.
      • CR2 Technologies Ltd.
      • Insight Informatics Pty Ltd.
      • PowerSchool Group LLC
      • PrimaSoft PC Inc.
      • ProQuest LLC
      • PTFS Inc.
      • Soutron Ltd.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
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      The library management software market growth will increase by $436.71 million during 2019-2024.
      The library management software market is expected to grow at a CAGR of 3.52% during 2019-2024.
      Technavio has segmented the library management software market by end user (School library, Public library, Academic library, and Others) and geographic (North America, APAC, Europe, MEA, and South America).
      Civica UK Ltd., CR2 Technologies Ltd., ICV Partners LLC (SirsiDynix), Insight Informatics Pty Ltd., PowerSchool Group LLC, PrimaSoft PC Inc., ProQuest LLC, PTFS Inc., Soutron Ltd., Tech-Receptives Solutions Pvt. Ltd. are a few of the key vendors in the library management software market.
      North America will register the highest growth rate of 45.05% among the other regions. Therefore, the library management software market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
      • US
      • UK
      • China
      • Russian Federation
      • Canada
      The key factors driving the library management software market growth are:
      • Rise in demand for library management software from APAC
      The library management software market vendors should focus on grabbing business opportunities from the school library segment as it accounted for the largest market share in the base year.
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