World Library Management Software Market to Grow at 3.25% CAGR to 2021

ReportsnReports.com adds Global Library Management Software Market 2017-2021 latest research report; the analysts forecast global library management software market to grow at a CAGR of 3.25% during the period 2017-2021.

April 28, 2017 /MarketersMedia/ —

According to the global library management software market report, one of the major drivers for this market is rise in demand for library management software from APAC. The Americas currently dominate the global library management software market. However, there is an increased demand for library management software from APAC. The growing demand from countries, such as China, India, and Japan, is expected to propel the market growth in APAC. In these countries, more companies are investing in library automation and library management software.

Complete report on library management software market spread across 70 pages, analyzing 4 major companies and providing 30 data exhibits are now available at http://www.reportsnreports.com/reports/976623-global-library-management-software-market-2017-2021.html.

The global library management software market analyst says the latest trend gaining momentum in the market is 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.

The following companies as the key players in the global library management software market: Civica, Innovative Interfaces, ProQuest, and SirsiDynix. Other prominent vendors in the market are: Awapal Solutions, Axiell, Book Systems, Capita, CR2 Technologies, Evergreen, Follett, Infor, Insight Informatics, Insignia Software, Invenio, Libramatic, LIBSYS7, Lucidea, Media Flex, PrimaSoft PC, PTFS, Soutron, PowerSchool, and Tech Receptives. Order a copy of Global Library Management Software Market 2017-2021 report @ http://www.reportsnreports.com/purchase.aspx?name=976623.

Global Library Management Software Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the present scenario and the growth prospects of the global library management software market for 2017-2021. To calculate the market size, the report considers the new installations/sales/volume/value and replacement/ /aftermarket/services market.

Further, the library management software market report states that one of the major factors hindering the growth of this market is growing concerns about data security. One of the major challenges of using library management software is data security. This concern is more prominent in cloud-based library management software. The data that is present in the library management system becomes vulnerable to security risks if a proper security system is not installed. End-users require cloud vendor and suppliers to ensure that the software meets certain certified standards of security.

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The library management software market study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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Release ID: 191895