Library Automation Service System Revenue Market Size, Share, Competitive Landscape and Trend Analysis Report, by Type, by Application : Global Opportunity Analysis and Industry Forecast, 2024-2032

Key Market Dynamics 

Libraries are increasingly turning to automation systems service to modernize operations and meet rising demands for efficiency. This trend is driven by the need to enhance user experiences, improve operational efficiency, and keep pace with technological advancements which is fueling the library automation service system revenue market growth.  In addition, the integration of AI and machine learning presents a significant opportunity for library automation systems, by offering intelligent insights, improved search accuracy, and personalized recommendations.  

However, the concern over data privacy and security remains a significant restraint. As libraries digitize collections and services, they collect and store sensitive user data that must be protected from unauthorized access and cyber threats. These concerns require libraries to invest in robust cybersecurity measures and data protection policies, ensuring the security of their systems and user information 

Patent analysis for Library automation service system market by patent applicants. 

The library automation service system market is witnessing notable contributions from various key players such as MGI Tech Co LTD, Prof. Mrs. Vidya Shivanand Byakod, Symbiosis Institute of Business Management, Library?Systems?&?Services, Lloyd Institute of Engineering & Technology, JECRC University, Changsha Kaiya Electronic Technology Co., Ltd., TSS Software, Henan Enjiu Information Technology Co., Ltd., and IBM. MGI Tech Co., Ltd. leads with an 18.2% market share, showcasing its dominance in this sector. In addition, several other prominent institutions and companies such as Prof. Mrs. Vidya Shivanand Byakod, Symbiosis Institute of Business Management, Library Systems & Services, Lloyd Institute of Engineering & Technology, JECRC University, Changsha Kaiya Electronic Technology Co., Ltd., TSS Software, Henan Enjiu Information Technology Co., Ltd., and IBM, each hold a 9.1% share, which highlights the market's competitive nature. This diverse representation from educational institutes and technology companies underlines the widespread adoption and development of library automation systems, catering to the growing need for efficient library management and digital transformation in education. 

Market Segmentation 

The library automation service system revenue market size is segmented into type, application, and region. On the basis of type, the market is divided into a commercial system and open-source system. As per application, the market is segregated into school libraries, public libraries, and others. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. 

Regional/Country Market Outlook 

Europe is anticipated to account for the highest library automation service system revenue market share due to the presence of a large number of academic institutions and libraries coupled with high adoption of advanced technology. Rise in demand for library management and maintaining daily track to avoid losing books or bills are anticipated to fuel the market growth in Europe.  

In addition, the North America library automation service system industry is expected to witness significant growth due to rise in demand for digital library services and the need for efficient library management systems. The growing number of libraries, adoption of cloud-based solutions, and demand for mobile library management solutions are further contributing to the market growth in North America. Furthermore, Asia-Pacific is expected to grow rapidly during the forecast period owing to surge in usage of advanced technology, rise in new product development, and rise in demand for automatic database management systems in libraries, which is boosting the growth of the library automation service system revenue industry in this region. For instane, in March 2022, Ex Libris, part of Clarivate plc, announced that the University of Electro-Communications (UEC) in Japan chosen the Ex Libris-Alma library services platform and Primo discovery solution to upgrade its library system. UEC is the first national university in Japan to adopt the Alma platform. 

Industry Trends 

• Patron Point has attracted significant interest among public libraries for its patron engagement services, including automated marketing messaging, online patron registration, and related activities. Launched in 2005, Patron Point has been implemented by hundreds of libraries and was acquired by Springshare in August 2023.  

• In February 2020, The Department of Public Libraries, Bengaluru, announced the release of a library app that allows patrons of state libraries to access around 100, 000 books, journals, and textbooks. Books and multimedia resources that support learning are available on the platform, particularly for individuals in higher education and those getting ready for civil service examinations. 

• In April 2022, Rajshahi University of Engineering and Technology (RUET) launched an automation software in its central library aimed at connecting the students and teachers to the digital library uses and management process 

• In April 2023, Jamia Millia Islamia launched an “e-Library MobileApp” and “Automated In/Out Attendance System of Library Users”. e-Library MobileApp is expected to facilitate the seamless and uninterrupted access to information anytime, anywhere to the users of the library and “Automated In/Out Attendance System of Library Users” is innovative in the sense that it has replaced the earlier practice of manual attendance system while in and out in the library making it hassle free. 

Competitive Landscape 

The major players operating in the library automation service system market include OCLC, LAT, Libsys, Auto Graphics, CR2 Technologies, Book Systems, TLC, Innovative Interfaces, EOS, and Infor.  

Other players in the library automation service system market include PTFS, SirsiDynix, and others. 

Recent Key Strategies and Developments 

• In January 2022, Axiell announced an agreement to acquire Infor Library & Information Solutions, a division of the industry cloud company Infor. 

• In January 2024, OCLC, a global leader in library cataloging and metadata services, announced the development of linked data services, products, and datasets. These innovations aim to provide the descriptive resources necessary to curate data at scale and streamline workflows. 

Key Sources Referred 

1. Library Technology Reports 

2. The Journal of Academic Librarianship 

3. Information Technology and Libraries (ITAL)  

4. American Library Association (ALA)  

5. Library and Information Technology Association (LITA)  

6. International Federation of Library Associations and Institutions (IFLA)  

7. U.S. Department of Education 

8. European Commission 

9. Innovative Interfaces 

10. SirsiDynix 

Key Benefits For Stakeholders

• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the library automation service system revenue market analysis from 2024 to 2032 to identify the prevailing library automation service system revenue market opportunities.
• The market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the library automation service system revenue market segmentation assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as global library automation service system revenue market trends, key players, market segments, application areas, and market growth strategies.