Global Digital Library Software Market: Introduction
Digital library is a collection of information and documents in a well-organized electronic form. Generally, files or documents are stored on a server or storage device such as CD-ROM and are easily available on the internet. The digital library system stores, captures, preserves, and redistributes the intellectual data of companies on the digital platform. This software enables the companies to store their data in various formats such as images, video, magazine, article, papers, books, and audio files.
Digital library software offers a single platform for companies to store their documents and product information. It is freely available for research institutes to get access to different information needed during research. Digital library software is the digital counterpart of a physical library to create and store well-organized formats of all documents. This software enables the user to get access to the library data from any place as per need. The software allows companies to access or publish their documents to a world audience. It provides the functionalities for systematic selection, acquisition, search, and discovery of digital documents.
The software is mostly used in institutes to maintain the records and make available all the documents in a digital format. Maintaining all documents in a physical format is difficult and it can damage the quality of documents, thus leading to the need for managing the documents digitally.
The impact of coronavirus directly inhibited the development of the digital library software market. As a consequence of the coronavirus shutdown, the bulk of businesses, research organizations and government agencies have closed down, which significantly hinders the digital library software market.
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Global Digital Library Software Market: Dynamics
- Increasing demand for database management sustems
- The digital library software market is driven by growing demand for efficient database management systems and increasing the adoption of information and communication technology for automation of sharing, resources, and cataloguing all information. Several solution vendors are expected to set a new trend by creating open source library platforms for users to get access to worldwide data. Open source libraries are available for any global user. It creates the opportunity for other industries also to manage their documents and information in a digital format which can be accessible by employees. Interoperability issue of this software on different operating systems is hindering the market growth. Several solution providers are expected to introduce cross platform software to increase the market share.
- Companies could be this software for employee training by sharing the company’s research papers, production information, training documents and videos on their private authorized digital library. Big libraries and institutes are expected to adopt this software to mark their presence on digital platforms and maintain & manage their collection of information. Digital library software is a cost effective solution and provides centralized control on multiple processes of library access
North America Led the Global Market in 2019
- Based on region, the global digital library software market can be segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa.
- North America is expected to be largest revenue generating region for the digital library software market. Asia Pacific is expected to be the fastest growing region in the digital library software market because of high adoption rate of library automation service systems by universities and multiple agencies in this region.
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Key Players Operating in the Global Market
Key players operating in the global digital library software market are listed below:
- Awapal Solutions Pvt. Ltd.
- Axiell Group
- Book Systems Inc.
- Capita Plc
- CR2 Technologies Ltd.
- Follett Corp.
- Inmagic Inc.
- Insight Informatics Pty. Ltd.
- Insignia Software
- Invenio Business Solutions
- LIBSYS Ltd.
- Media Flex
- PowerSchool Group LLC
- PrimaSoft PC Inc.
- Progressive Technology Federal Systems, Inc.
- Tech-Receptives Solutions Pvt. Ltd
Global Digital Library Software Market: Research Scope
Global Digital Library Software Market, by Platform
Figure: Global Digital Library Software Market, by Platform
Global Digital Library Software Market, by Application
- Government Libraries
- Industrial Libraries
- Commercial Libraries
Global Digital library software Market, by Region
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
Figure: Global Digital Library Software Market, by Region
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