https://www.acumenresearchandconsulting.com/
Home Services Industry Services Press Releases About Us Blogs Report Store Contact us

Library Management Software Market Size - Global Industry, Share, Analysis, Trends and Forecast 2024 - 2032

Published : Oct 2024

Report ID: ARC1271

Pages : 250

Format : Library Management Software Market Size - Global Industry, Share, Analysis, Trends and Forecast 2024 - 2032

The Global Library Management Software Market Size accounted for USD 1.9 Billion in 2023 and is estimated to achieve a market size of USD 2.5 Billion by 2032 growing at a CAGR of 3.1% from 2024 to 2032.

Library Management Software Market (By Deployment Type: Cloud, and On-premise; Service Type: Library Automation, Barcode Generation, Transaction Management, Database Management, and Others; Enterprise Size: Large Enterprise, and Small and Medium-sized Enterprise (SMEs); Application: Private Libraries, Academic & Education, and Others; End User: School Library, Public Library, Academic Library, and Others)

Library Management Software Market Highlights

  • Global library management software market revenue is poised to garner USD 2.5 billion by 2032 with a CAGR of 3.1% from 2024 to 2032
  • North America library management software market value occupied around USD 768 million in 2023
  • Asia-Pacific library management software market growth will record a CAGR of more than 4% from 2024 to 2032
  • Among deployment type, the on-premise sub-segment generated USD 1.5 billion revenue in 2023
  • Based on enterprise size, the large enterprise sub-segment generated significant library management software market share in 2023
  • Development of open-source solutions to cater to budget-constrained libraries is a popular library management software market trend that fuels the industry demand

Library Management Software Market Dynamics

Library management software (LMS) is a digital application that automates and streamlines library operations, making it easier to manage resources and deliver services. Cataloging books and multimedia, keeping track of borrowing and returning activities, and managing user accounts are all important functions. LMS also provides barcode or RFID connectivity for efficient material circulation, user search capabilities, and usage data reporting tools for libraries. It can be deployed on-premise or in the cloud, allowing for greater flexibility and accessibility. By automating repetitive processes, LMS minimizes manual work, improves user experience, and improves overall physical and digital collection management in public, academic, and private libraries.

Global Library Management Software Market Dynamics

Market Drivers

  • Rising demand for digitalized solutions to improve library efficiency
  • Increasing adoption of cloud-based library management systems for remote access
  • Growing use of mobile applications for seamless library services
  • Enhanced features such as automated cataloging and user management boosting software demand

Market Restraints

  • High initial implementation costs deterring small and mid-sized libraries
  • Limited IT infrastructure in rural areas hindering software adoption
  • Data privacy and security concerns affecting cloud-based systems

Market Opportunities

  • Integration of AI and machine learning for personalized library services
  • Expansion in academic institutions, especially in emerging markets
  • Demand for multi-language support and localization features

Library Management Software Market Report Coverage

Market Library Management Software Market
Library Management Software Market Size 2022

USD 1.9 Billion

Library Management Software Market Forecast 2032 USD 2.5 Billion
Library Management Software Market CAGR During 2023 - 2032 3.1%
Library Management Software Market Analysis Period 2020 - 2032
Library Management Software Market Base Year
2022
Library Management Software Market Forecast Data 2023 - 2032
Segments Covered By Deployment Type, By Service Type, By Enterprise Size, By Application, By End User, And By Geography
Regional Scope North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Key Companies Profiled Follett School Solutions, Axiell, SirsiDynix, Awapal Solutions, Innovative Interfaces, CR2 Technologies, ProQuest LLC, Capita, Civica, and AmpleTrails.
Report Coverage
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Covid-19 Analysis, Regulation Analysis

Library Management Software Market Insights

Increasing automation of the library functions which assistances appropriate informational resources for management. Software development is a key factor which is anticipated to enhancement the development of the market during forecast period which provides well-organized management solutions. Moreover, as the smartphone market is on the increase, mobile applications which are combined through new library system technologies providing benefits such as SMS alerts and online subscriptions which will propel the industry. Concerns over data privacy and unauthorized access are likely to hamper the growth of library management software market. However, certified standards of securities and protocols can be implemented to mitigate the risk of data breach.

Some of the major factors driving the growth of this market include software development is a key factor which is expected to boost the growth of the market over the forecast period which delivers efficient management solutions. Furthermore, as the smartphone market is on the increase, mobile applications which are combined through new library system technologies providing benefits such as SMS alerts and online subscriptions which will boost the industry.

Cloud based library management software contributed notable market share in 2023 and is projected to steady growth over the anticipated period on account of features such as multiple format support, multi-lingual interface, and accessibility from any device at any time. However, growing use of World Wide Web in emerging economies is likely to increase the demand for cloud-based software. Subsequently, on-premise deployment is projected to rise significant during the forecast period owing to growing adaptation of cloud-based solutions across the globe.

Library Management Software Market Growth 2024 - 2032

Library Management Software Market Segmentation

The worldwide market for library management software is split based on deployment type, service type, enterprise size, application, end users, and geography.

Library Management Software Market By Deployment Type

  • Cloud
  • On-premise

According to library management software industry analysis, on-premise deployment is the most popular option, giving libraries complete control over their software and data. On-premise solutions are put on a library's own servers, enabling improved data protection and customizable choices to meet specific institutional requirements. This deployment type is used by larger enterprises, academic libraries, and government agencies that value data protection, compliance, and infrastructure autonomy. Though it has higher initial and ongoing expenditures, on-premise LMS enables for complete integration with other in-house systems and greater operational control. Despite the growing popularity of cloud-based solutions, on-premise libraries with specific requirements or limited internet access continue to be the preferred alternative.

Library Management Software Market By Service Type

  • Library Automation
  • Barcode Generation
  • Transaction Management
  • Database Management
  • Others

The library automation sector is predicted to have the greatest proportion of the library management software market. This component automates common processes to streamline library operations such as cataloging, acquisition, and circulation. Automation technologies enable libraries to handle enormous collections more efficiently, decrease manual work, and provide users with seamless access to both digital and physical resources. The increased use of modern technology like as RFID tagging and automated data entry fuels the demand for automation solutions. Furthermore, academic institutions, public libraries, and corporations are increasingly turning to automation to improve workflow and user experience, propelling this segment to the market's top spot.

Library Management Software Market By Enterprise Size

  • Large Enterprise
  • Small and Medium-sized Enterprise (SMEs)

As per the library management software market forecast, the large enterprises are likely to dominate the market. Large organizations, such as colleges, corporate libraries, and government institutions, have huge collections that necessitate robust, scalable systems to handle various resources and large user bases. These companies frequently prioritize advanced features like automated workflows, connection with current IT infrastructure, and multi-location administration. Furthermore, huge firms have the financial means to invest in complete, cutting-edge solutions, which contributes to their dominant position. As digital transformation accelerates, major companies continue to embrace sophisticated library management software to streamline operations, optimize resource management, and improve user experience, cementing this segment's market position.

Library Management Software Market By Application

  • Private Libraries
  • Academic & Education
  • Others

The academic and education category is expected to be the largest in the library management software market. This sector includes schools, colleges, universities, and research institutes that maintain extensive collections of intellectual resources, both physical and digital. The increased demand for digitized educational content, research databases, and easy access to learning materials has prompted the development of innovative library management systems in this area. Academic institutions also value capabilities like automated cataloging, integration with e-learning platforms, and mobile accessibility, making the program essential for improving operational efficiency. As the global education sector grows, library management software in academic and educational contexts is likely to dominate the market.

Library Management Software Market By End User

  • School Library
  • Public Library
  • Academic Library
  • Others

The academic library segment is the most significant in the library management software market. Academic libraries, which include those in universities, colleges, and research institutes, maintain a wide range of resources while serving a large number of students, researchers, and professors. These libraries require sophisticated systems for cataloguing, circulation, resource sharing, and accessing research databases. Library management software is becoming increasingly important in academic contexts as digital libraries and e-learning platforms become more prevalent. Academic libraries are progressively investing in such systems, which include automated workflows, online resource access, and user-friendly interfaces, to increase operational efficiency and the user experience. This demand establishes the academic library category as the library management software market leader.

Library Management Software Market Regional Outlook

North America

  • U.S.
  • Canada

Europe

  • U.K.
  • Germany
  • France
  • Spain
  • Rest of Europe

Asia-Pacific

  • India
  • Japan
  • China
  • Australia
  • South Korea
  • Rest of Asia-Pacific

Latin America

  • Brazil
  • Mexico
  • Rest of Latin America

The Middle East & Africa

  • South Africa
  • GCC Countries
  • Rest of the Middle East & Africa (ME&A)

Library Management Software Market Drivers

Library Management Software Market Regional Analysis

North America attributed for the largest library management software market share in 2023 and is predicted to hold its position over the estimated period relating to numerous factors such as growing use of online web-based library information with the comparative ease of use and operational efficiency is anticipated to drive the market in the region.

Additionally, the market in Asia-Pacific is likely to produce at the fastest CAGR during the library management software market forecast period considering the growing number of educational institutes and its adaptation to latest technologies. The rising demand for library management software in Asia-Pacific is anticipated to additional adds to the growth of the market during the forecast period. In addition, there is a comparative growth in per capita presence of libraries in the region, with significant countries such as China, India, and Japan. The industry in Central & South America and Middle East & Africa are expected to steady growth over the library management software industry forecast period owing to growing awareness of education.

Library Management Software Market Players

Some of the top library management software companies offered in our report includes Follett School Solutions, Axiell, SirsiDynix, Awapal Solutions, Innovative Interfaces, CR2 Technologies, ProQuest LLC, Capita, Civica, and AmpleTrails.

Frequently Asked Questions

How big is the library management software market?

The library management software market size was valued at USD 1.9 billion in 2023.

What is the CAGR of the global library management software market from 2024 to 2032?

The CAGR of library management software is 3.1% during the analysis period of 2024 to 2032.

Which are the key players in the library management software market?

The key players operating in the global market are including Follett School Solutions, Axiell, SirsiDynix, Awapal Solutions, Innovative Interfaces, CR2 Technologies, ProQuest LLC, Capita, Civica, and AmpleTrails.

Which region dominated the global library management software market share?

North America held the dominating position in library management software industry during the analysis period of 2024 to 2032.

Which region registered fastest CAGR from 2024 to 2032?

Asia-Pacific region exhibited fastest growing CAGR for market of library management software during the analysis period of 2024 to 2032.

What are the current trends and dynamics in the global library management software industry?

The current trends and dynamics in the library management software industry include rising demand for digitalized solutions to improve library efficiency, increasing adoption of cloud-based library management systems for remote access, growing use of mobile applications for seamless library services, and enhanced features such as automated cataloging and user management boosting software demand.

Which deployment type held the maximum share in 2023?

The on-premise held the maximum share of the library management software industry.

Select Licence Type

Single User

US$ 4500

Multi User

US$ 7000

Excel Datapack

US$ 2000

Why Acumen Research And Consulting

100%

Customer Satisfaction

24x7

Availability - we are always there when you need us

200+

Fortune 50 Companies trust Acumen Research and Consulting

80%

of our reports are exclusive and first in the industry

100%

more data and analysis

1000+

reports published till date