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Library Management Software Market Size and Forecast, By Deployment (Cloud Based, On-Premises), By End-use (School Library, Public Library, Academics Library), And Segment Forecast, 2014 - 2024

Industry Insights

The global library management software market was valued at USD 2.15 billion in 2016 and is anticipated to grow on account of increasing automation of the library functions which benefits convenient informational resources for management. Software development is a key factor which is expected to boost the growth of the market over the forecast period which provides efficient management solutions. Moreover, as the smartphone market is on the rise, mobile applications which are integrated through new library system technologies providing benefits such as SMS alerts and online subscriptions which will boost the industry.

Global library management software market revenue, by deployment, 2014 - 2024 (USD Million)

Global library management software market

Concerns over data privacy and unauthorised access are expected to hinder the growth of library management software market. However, certain certified standards of securities and protocols can be implemented to minimise the risk of data breach.

Segmentation by deployment
• Cloud based
• On-premise
The cloud based library management software contributed major market share in 2016 and is expected to witness lucrative growth over the projected period on account of features such as multi-lingual interface, multiple format support and accessibility from any device at any time. However, increasing use of World Wide Web in developing nations is expected to boost the demand for cloud based software. On the other hand, on-premise deployment is excepted to grow at a relatively slow pace over the forecast period owing to increasing adaptation of cloud-based solutions across the globe.

Segmentation by end-user
• School Library
• Public Library
• Academic Library
• Others
School library segment accounted for the largest market share of 37.0% in 2016 on account of the robust need of libraries on a global level. The segment is also expected to grow at the fastest CAGR over the forecast period owing to increasing number of schools and universities around the globe. Furthermore, it is extensively used for educational purposes which include articles, journals, magazines and reports. Rising adaptation of students to gather and implement new information, various competitions and projects and higher studies preparations are expected to fuel the market over the forecast period.

The public library is anticipated to witness the steady growth over the forecast period growing at a CAGR of 3.0% on account of the prevailing number of readers in developed as well as developing nations across the globe.

Segmentation by region
• North America
    • U.S.
• Europe
• Asia Pacific
    • China
    • India
• Central & South America
• MEA
In terms of regional segmentation, North America accounted for the largest market share in 2016 and is expected to maintain its position over the forecast period pertaining to various factors such as increasing use of online web-based library information along with the relative ease of use and operational efficiency is expected to drive the market in the region. Furthermore, the market in Asia Pacific is expected to grow at the fastest CAGR over the forecast period considering the increasing number of educational institutes and their adaptation to new technologies.

The growing demand for library management software in Asia Pacific is expected to further add to the growth of the market over the forecast period. In addition, there is a relative growth in per capita presence of libraries in the region, with key countries such as China, India, and Japan.

The industry in Central & South America and Middle East & Africa are anticipated to witness the steady growth over the projected period owing to increasing awareness of education.

Competitive landscape

The library management software market is fragmented in nature with the presence of multiple vendors operating in multiple regions. The industry has the presence of well-established vendors and is marked by frequent product innovations along with mergers and acquisitions in order to expand their presence at a global level.

Over the coming years, players are expected to consolidate their presence in the regions which has relative less penetration of library management software. To that end, Asia Pacific region presents relatively high growth prospect, with competitors expected to focus on key growth countries such as India and China. Some of the key vendors in the market include Civica, ProQuest, Innovative Interfaces, SirsiDynix.

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Report Statistics

  1. Published: August, 2017
  2. Format: Electronic (PDF)
  3. Number of pages: 100
  4. Base year for estimation: 2016
  5. Historical data: 2014 & 2015
  6. Forecast period: 2017 - 2024
  7. Industry: Technology

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