Library Management Software - Trends and Forecasts by Technavio

Technavio has published a new report on the global library management software market from 2017-2021. (Graphic: Business Wire)

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LONDON--()--Technavio’s latest report on the global library management software market provides an analysis of the most important trends expected to impact the market outlook from 2017-2021. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.

Amit Sharma, a lead analyst from Technavio, specializing in research on enterprise application sector, says, “One of the most important aspects of library development is to replace manual systems with web-based library management systems. The library management systems in schools, colleges, universities, and corporations rely on effective management systems to manage library resources.”

Most universities hesitate to upgrade their library management systems due to the high costs involved. Many small institutions, especially in APAC and MEA, still function through inefficient and potentially error-prone manual processes. This drives the need for an efficient gathering of information through an automated library management system.

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The top three emerging trends driving the global library management software market according to Technavio ICT research analysts are:

Increase in the use of open source library management software

The implementation of open source library management software is a major trend in the global library management software market. Kuali Foundation collaborated with Open Library Environment (OLE) to build an open source library management program. OLE, which was formed in 2008, is a community of academic and research libraries that work together to build open source library management tools.

Organizations that use OLE must set up their own hosting services since OLE provides SaaS offerings only. Some of the academic and research libraries and networks partnered with OLE are given below.

  • Duke University Libraries in Durham, North Carolina, US
  • North Carolina State University Libraries in Raleigh, North Carolina, US
  • Lehigh Libraries in Bethlehem, Pennsylvania, US

Increase in platform support for library management software

The global library management software market is witnessing an increase in platform support for the software. Most of the widely used library management software platforms are offline library management software.

Vendors are providing more solutions for cloud-hosted and web-based library management software. Some companies provide their library management software in all the platforms. For instance, CR2 Technologies has developed its library management software for four major platforms that are LIBRARIAN, webLIBRARIAN, Cybrarian, and MobOPAC.

Evolution of digital newspapers and magazines

Several private and public libraries have started providing digital newspapers and magazine content along with popular books and research papers. For instance, the San Francisco Public Library is one of the earliest adopters of the e-news center at its key branch, and it has expanded the center to North Beach and Chinatown in the US.

The e-news technology enables users to read newspapers and digital magazines on Apple iPads. This development requires a high level of automation to manage large volumes of digital content at libraries so the same content can be accessed at the same time by several users,” says Amit.

The key vendors are as follows:

  • Civica
  • Innovative Interfaces
  • ProQuest
  • SirsiDynix

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About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com

Release Summary

Technavio’s latest report on the global library management software market provides an analysis of the most important trends expected to impact the market outlook from 2017-2021.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com