Library Automation Service Systems Market By Product Type (Commercial systems, Open source systems, Others) By Application(School library, Public library, Other library) and Region - Global Forecast to 2026

The global library automation service systems market report, offers in-depth insights, revenue details, and other vital information regarding the Library automation service systems and the various trends, drivers, restraints, opportunities, and threats in the target market till 2026. The report also offers insightful and detailed information regarding the various key players operating in the global library automation service systems market and their financials, apart from strategies, acquisitions & mergers, and market footprint. The global library automation service systems market is segmented on the basis of product type, application, and region. The global library automation service systems market was valued at US$ 1,696.8 Mn in 2016 and is projected to expand at a CAGR of 3.34% from 2017 to 2026.

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.

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.

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.

Library automation service systems segmentation by type:

• Commercial systems
• Open source systems
• Others

Library automation service systems segmentation by application:

• School library
• Public library
• Other library

Library automation service systems segmentation by region:

• North America
• Europe
• Asia pacific
• South America
• Middle East & Africa

• OCLA
• Sirsi corporation
• PTFS, INC
• Infor
• Capita plc.
• Libsys ltd.