Library management software market 2023-2027. A descriptive analysis of parent market, five forces model, market dynamics, and segmentation - Technavio

NEW YORK, Dec. 16, 2022 /PRNewswire/ -- According to Technavio, the global library management software market size is estimated to grow by USD 390.07 million from 2022 to 2027. The market is estimated to grow at a CAGR of 3.23% during the forecast period. North America will account for 35% of the market's growth during the forecast period.

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Global library management software market - Parent market analysis

Technavio categorizes the global library management software market as a part of the global application software market within the global IT software market. The parent global IT software market covers companies that are engaged in developing and producing application and system software. It also includes companies offering database management software. The global application software market covers companies that are engaged in developing and producing software designed for specialized applications for the business or consumer market. It includes enterprise and technical software, as well as cloud-based software. It excludes companies classified in the interactive home entertainment sub-industry and companies producing systems or database management software classified in the systems software sub-industry.

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Global library management software market - Five forces
The global library management software market is fragmented, and the five forces analysis covers– 

• Bargaining Power of Buyers 
• The threat of New Entrants
• Threat of Rivalry
• Bargaining Power of Suppliers
• Threat of Substitutes
• Interpretation of porter's five models helps to strategize the business, for entire details – buy the report!

Global library management software market– Customer landscape 

The report includes the market's adoption lifecycle, from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global library management software market- Segmentation assessment

Segment overview
Technavio has segmented the market based on deployment (cloud-based and on-premises), end-user (school library, public library, academic library, and others), and geography (North America, APAC, Europe, Middle East and Africa, and South America). 

• The cloud-based segment will grow at the highest rate during the forecast period. Given the fact that they only need a web browser and an Internet connection, cloud-based applications are more widely available and simpler to use. End users can make monthly payments instead of a large one-time investment in cloud-based library management software. These periodic expenses are mostly for software maintenance and upgrades. The growing adoption of cloud-based solutions can be attributed to the extensive use of the Internet.

Geography overview
By geography, the global library management software market is segmented into North America, APAC, Europe, Middle East and Africa, and South America. The report provides actionable insights and estimates the contribution of all regions to the growth of the global library management software market.

• North America will account for 35% of the market's growth during the forecast period. North America's market is expected to grow throughout the forecast period as the US and Canada, two of the world's most technologically proficient nations, were early adopters of library management platforms. Given its position as one of the world leaders in digital technology, the US has a high rate of Internet-enabled digital gadget penetration. The US educational system follows an example-oriented learning strategy and a high rate of acceptance of online courses that provide additional information to classroom instruction. Such an approach is expected to boost demand for library management software during the forecast period.

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Global library management software market– Market dynamics Key factor driving market growth 

• The growing need for library management software in K-12 schools is notably driving the library management software market growth.
• The main features offered by library management software for K–12 schools include grade-level materials and integration with the district student management system.
• The use of school ERP software is essential for the efficient task management of librarians. It helps them keep track of the information on the books issued to students and those kept in the library. It helps with records management by keeping track of the issue date, return date, full book catalogs, and fine calculation (for lost books or late returns).
• The app also allows students to follow the status of their books and receive updates about book fairs and other events organized by libraries. These features help in reducing the cost of library management which will drive the market during the forecasted period.

Leading trends influencing the market 

• The evolution of digital newspapers and magazines is the primary trend driving the library management software market growth.
• Along with popular books and research papers, a number of private and public libraries have started offering digital news sources like newspapers and magazines.
• To manage vast volumes of digital content at libraries and allow several users to access the same content at once digitization calls for a high degree of automation. During the forecast period, these developments will drive the market during the forecasted period.

Major challenges hindering the market growth

• The paucity of skilled professionals is the major challenge impeding the library management software market growth.
• Many times, library automation procedures or database management systems are beyond the knowledge of librarians. In growing economies and less developed nations, this challenge is more prevalent. In order to tackle these problems, proper education and training in computing and cloud computing are required. 
• It is challenging for employees who lack knowledge of cloud computing and library automation technologies to use library management software.
• Communication problems between programmers and librarians are frequently caused by a lack of understanding of the library automation process. Most of the time, the final product will differ slightly from what librarians and other library staff had anticipated. Such factors will adversely impact market growth.

Driver, Trend & Challenges are the factors of market dynamics that state about consequences & sustainability of the businesses, find some insights from a sample report!

What are the key data covered in this library management software market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the library management software market between 2023 and 2027
• Precise estimation of the size of the library management software market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the library management software market across North America, APAC, Europe, Middle East and Africa, and South America
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of library management software market vendors

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Table of Contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Deployment
• Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global library management software market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on Global library management software market 2017 - 2021 ($ million)

• 4.2 Deployment Segment Analysis 2017 - 2021
• Exhibit 19: Historic Market Size – Deployment Segment 2017 - 2021 ($ million)

• 4.3 End-user Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – End-user Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Deployment

• 6.1 Market segments 
• Exhibit 30: Chart on Deployment - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Deployment - Market share 2022-2027 (%)

• 6.2 Comparison by Deployment 
• Exhibit 32: Chart on Comparison by Deployment
• Exhibit 33: Data Table on Comparison by Deployment

• 6.3 Cloud-based - Market size and forecast 2022-2027
• Exhibit 34: Chart on Cloud-based - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Cloud-based - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Cloud-based - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Cloud-based - Year-over-year growth 2022-2027 (%)

• 6.4 On-premises - Market size and forecast 2022-2027
• Exhibit 38: Chart on On-premises - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on On-premises - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on On-premises - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on On-premises - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Deployment 
• Exhibit 42: Market opportunity by Deployment ($ million)

7 Market Segmentation by End-user

• 7.1 Market segments 
• Exhibit 43: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 44: Data Table on End-user - Market share 2022-2027 (%)

• 7.2 Comparison by End-user 
• Exhibit 45: Chart on Comparison by End-user
• Exhibit 46: Data Table on Comparison by End-user

• 7.3 School library - Market size and forecast 2022-2027
• Exhibit 47: Chart on School library - Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Data Table on School library - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Chart on School library - Year-over-year growth 2022-2027 (%)
• Exhibit 50: Data Table on School library - Year-over-year growth 2022-2027 (%)

• 7.4 Public library - Market size and forecast 2022-2027
• Exhibit 51: Chart on Public library - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Data Table on Public library - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Chart on Public library - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Public library - Year-over-year growth 2022-2027 (%)

• 7.5 Academic library - Market size and forecast 2022-2027
• Exhibit 55: Chart on Academic library - Market size and forecast 2022-2027 ($ million)
• Exhibit 56: Data Table on Academic library - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Chart on Academic library - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Academic library - Year-over-year growth 2022-2027 (%)

• 7.6 Others - Market size and forecast 2022-2027
• Exhibit 59: Chart on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 60: Data Table on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 62: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 7.7 Market opportunity by End-user 
• Exhibit 63: Market opportunity by End-user ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 65: Chart on Market share by geography 2022-2027 (%)
• Exhibit 66: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 67: Chart on Geographic comparison
• Exhibit 68: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027
• Exhibit 69: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 70: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 71: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 APAC - Market size and forecast 2022-2027
• Exhibit 73: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.5 Europe - Market size and forecast 2022-2027
• Exhibit 77: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.6 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 81: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.7 South America - Market size and forecast 2022-2027
• Exhibit 85: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 89: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 UK - Market size and forecast 2022-2027
• Exhibit 93: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.10 China - Market size and forecast 2022-2027
• Exhibit 97: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.11 Russia - Market size and forecast 2022-2027
• Exhibit 101: Chart on Russia - Market size and forecast 2022-2027 ($ million)
• Exhibit 102: Data Table on Russia - Market size and forecast 2022-2027 ($ million)
• Exhibit 103: Chart on Russia - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on Russia - Year-over-year growth 2022-2027 (%)

• 9.12 Canada - Market size and forecast 2022-2027
• Exhibit 105: Chart on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 106: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 107: Chart on Canada - Year-over-year growth 2022-2027 (%)
• Exhibit 108: Data Table on Canada - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 109: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 110: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 111: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 112: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 113: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 114: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 115: Matrix on vendor position and classification

• 12.3 AmpleTrails 
• Exhibit 116: AmpleTrails - Overview
• Exhibit 117: AmpleTrails - Product / Service
• Exhibit 118: AmpleTrails - Key offerings

• 12.4 Awapal Solutions Pvt. Ltd. 
• Exhibit 119: Awapal Solutions Pvt. Ltd. - Overview
• Exhibit 120: Awapal Solutions Pvt. Ltd. - Product / Service
• Exhibit 121: Awapal Solutions Pvt. Ltd. - Key offerings

• 12.5 Axiell Group 
• Exhibit 122: Axiell Group - Overview
• Exhibit 123: Axiell Group - Business segments
• Exhibit 124: Axiell Group - Key offerings
• Exhibit 125: Axiell Group - Segment focus

• 12.6 Civica UK Ltd. 
• Exhibit 126: Civica UK Ltd. - Overview
• Exhibit 127: Civica UK Ltd. - Product / Service
• Exhibit 128: Civica UK Ltd. - Key offerings

• 12.7 Clarivate PLC 
• Exhibit 129: Clarivate PLC - Overview
• Exhibit 130: Clarivate PLC - Business segments
• Exhibit 131: Clarivate PLC - Key news
• Exhibit 132: Clarivate PLC - Key offerings
• Exhibit 133: Clarivate PLC - Segment focus

• 12.8 CodeAchi Technologies Pvt. Ltd. 
• Exhibit 134: CodeAchi Technologies Pvt. Ltd. - Overview
• Exhibit 135: CodeAchi Technologies Pvt. Ltd. - Product / Service
• Exhibit 136: CodeAchi Technologies Pvt. Ltd. - Key offerings

• 12.9 CR2 Technologies Ltd. 
• Exhibit 137: CR2 Technologies Ltd. - Overview
• Exhibit 138: CR2 Technologies Ltd. - Product / Service
• Exhibit 139: CR2 Technologies Ltd. - Key offerings

• 12.10 Gayatri Software Services Pvt. Ltd. 
• Exhibit 140: Gayatri Software Services Pvt. Ltd. - Overview
• Exhibit 141: Gayatri Software Services Pvt. Ltd. - Product / Service
• Exhibit 142: Gayatri Software Services Pvt. Ltd. - Key offerings

• 12.11 ICV Partners LLC 
• Exhibit 143: ICV Partners LLC - Overview
• Exhibit 144: ICV Partners LLC - Product / Service
• Exhibit 145: ICV Partners LLC - Key offerings

• 12.12 Insignia Software 
• Exhibit 146: Insignia Software - Overview
• Exhibit 147: Insignia Software - Product / Service
• Exhibit 148: Insignia Software - Key offerings

• 12.13 Libero Systems Pty Ltd. 
• Exhibit 149: Libero Systems Pty Ltd. - Overview
• Exhibit 150: Libero Systems Pty Ltd. - Product / Service
• Exhibit 151: Libero Systems Pty Ltd. - Key offerings

• 12.14 PowerSchool Holdings Inc. 
• Exhibit 152: PowerSchool Holdings Inc. - Overview
• Exhibit 153: PowerSchool Holdings Inc. - Product / Service
• Exhibit 154: PowerSchool Holdings Inc. - Key offerings

• 12.15 PrimaSoft PC Inc. 
• Exhibit 155: PrimaSoft PC Inc. - Overview
• Exhibit 156: PrimaSoft PC Inc. - Product / Service
• Exhibit 157: PrimaSoft PC Inc. - Key offerings

• 12.16 Progressive Technology Federal Systems Inc.
• Exhibit 158: Progressive Technology Federal Systems Inc. - Overview
• Exhibit 159: Progressive Technology Federal Systems Inc. - Product / Service
• Exhibit 160: Progressive Technology Federal Systems Inc. - Key offerings

• 12.17 Soutron Global Inc. 
• Exhibit 161: Soutron Global Inc. - Overview
• Exhibit 162: Soutron Global Inc. - Product / Service
• Exhibit 163: Soutron Global Inc. - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 164: Inclusions checklist
• Exhibit 165: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 166: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 167: Research methodology
• Exhibit 168: Validation techniques employed for market sizing
• Exhibit 169: Information sources

• 13.5 List of abbreviations 
• Exhibit 170: List of abbreviations

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