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. The open source systems segment in the global library automation service systems market is estimated to account for major revenue share of 71.6% in 2017 owing to increasing number of vendors providing free automation software with features and tools similar to commercially available software at comparatively lower costs.
Library automation service systems platform are better alternative to traditional library method. The major factors driving growth of the global market of library automation service systems are improvement in cataloguing systems, easier access and lasting effect, and advancement in technology. It is proving to be a best way to handle the libraries due to its wide spread applicability in school libraries, public libraries, and other libraries, and driving growth of the global library automation service systems market.
North America market dominates the global library automation service systems market and accounts for XX% revenue share. This growth is attributed to rising demand from school and public libraries. Asia Pacific market is expected to witness significant growth in terms of revenue, especially from China as it is the second largest consumer of library automation service systems.
Companies profiled in the report are OCLA, Sirsi corporation, PTFS, INC, Infor , Capita plc., Libsys ltd.