- The key vendors in the global library automation service and system market 2015-2019 are Ex Libris Ltd., Innovative Interfaces Inc., Library Automation Technologies Inc., Libsys Ltd., PrimaSoft Ltd., and SirsiDynix Corp.
London, 22 July 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global library automation service and system market 2015-2019. The recent improvement in catalogue management is a critical trend observed in this market. Vendors in this market are striving to improve directory management by automating library services with the help of software. This software aids in the efficient cataloging of library items. Implementation of such software will ensure the easy and affordable sharing of materials and resources to various locations. This market is expected to grow at a rate of 3.8% during the forecast period of 2014-2019.
Implementation of software as a service (SaaS) and other web-based hosting software in institutions as well as enterprises will help the library automation services market to gain traction globally. Companies that offer cloud-based platforms also aid in automating library functions. The library automation systems ensure minimal redundancy of records and also aid in reducing errors while making entries of new records. Also, these systems aid in reducing the workload, ensure optimal utilization of resources, and improves access to the centralized library database.
“Several private and public libraries have started providing digital newspaper and magazine content along with popular books and research papers. For instance, San Francisco Public Library system is one of the earliest adapter of its e-news center at its key branch and has since expanded it to North Beach and Chinatown in the US. The premise enables users to read newspapers and digital magazines through Apple iPads,” says Faisal Ghaus, Vice President of Technavio Research.
“This development requires a high level of automation to manage a large volume of digital content at libraries so the same content can be accessed at the same time by several users. Such advances will positively influence the growth of the market in the future.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges, and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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